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Banking & Financial Services

  • Bank of Baroda Profit Tumbles as Bad Loans Jump

    Bank of Baroda Profit Tumbles as Bad Loans Jump

    Bank of Baroda Executive Director Ranjan Dhawan said on Friday bad loans were difficult to contain and their growth was unlikely to slow significantly in the next two quarters.

  • RBI Seen Holding Rates Steady on Tuesday: Poll

    RBI Seen Holding Rates Steady on Tuesday: Poll

    RBI Governor Raghuram Rajan, who is mandated to set policy independently, signalled after an unscheduled rate cut earlier this month that any further easing would depend on New Delhi's commitment to rein in spending and implement reforms.

  • Price Performance of Banking & Financial Services Stocks Other Stories
  • Banks say No Room to Cut Lending Rates

    Banks say No Room to Cut Lending Rates

    Bank executives insist they cannot lower loan rates despite the official rate cut because cash conditions are tight, and money markets are little changed since the cut, but RBI insiders see that as more an excuse to protect profit margins.

  • If Mobile Numbers Can be Ported Why Not Bank Accounts: RBI

    If Mobile Numbers Can be Ported Why Not Bank Accounts: RBI

    In this context, he spoke about bank account portability and wondered if mobile numbers can be ported, why not bank accounts.

  • SBI Settles Debenture Probe Case With Sebi

    SBI Settles Debenture Probe Case With Sebi

    State Bank of India (SBI) has settled a probe by the Securities and Exchange Board of India (Sebi) into alleged violations of debenture trustee regulations during certain public and private bond issues four-and-a-half years ago.

  • Bharti Airtel, SKS Microfinance Eye Niche Bank Licences

    Bharti Airtel, SKS Microfinance Eye Niche Bank Licences

    As the deadline approaches for applying for niche bank licences, telecom major Bharti Airtel said on Thursday that it will apply for setting up a payment bank while SKS Microfinance will seek permit for a small finance bank.

  • RBI Asks Banks to Ease Norms for Individual Borrowers

    RBI Asks Banks to Ease Norms for Individual Borrowers

    To ensure hassle free credit to small borrowers, the Reserve Bank of India (RBI) on Wednesday directed banks to do away with the practice of obtaining 'no due' certificates from individual loan takers.

  • Grocery Stores, Mobiles Seen Crucial For Next Banking Revolution

    Grocery Stores, Mobiles Seen Crucial For Next Banking Revolution

    The clock is ticking down to a February 2 deadline for applications to set up so-called payments banks under new rules that would allow successful bidders to offer services such as remittances and deposits, but not loans.

  • Expect RBI to Cut Rates by 100 Basis Points: Uday Kotak

    Expect RBI to Cut Rates by 100 Basis Points: Uday Kotak

    "That is the total rate cut I see coming ahead," said Kotak, who was here to attend the World Economic Forum (WEF) Annual Meeting.

  • PM Modi Congratulates Bankers on Success of 'Jan Dhan Yojana'

    PM Modi Congratulates Bankers on Success of 'Jan Dhan Yojana'

    Announced by the Prime Minister during his Independence Day speech and launched soon after, the scheme is a national mission to bring every household under the financial radar.

  • After Jan Dhan Scheme, Modi Government Eyes Another World Record

    After Jan Dhan Scheme, Modi Government Eyes Another World Record

    Having set a world record with fastest roll-out of its financial inclusion scheme - Jan Dhan Yojana, the government expects its ambitious power sector programme to create more such records, including by making India the world's largest destination for renewable energy.

  • Asset Quality to Improve with Economic Growth: Chanda Kochhar

    Asset Quality to Improve with Economic Growth: Chanda Kochhar

    Ms Kochhar, who is here to attend the WEF Annual Meeting, was responding to a query on the problems of bad loans in the Indian banking sector.

  • RBI Asks Banks to Display Loan Interest Rates on Websites

    RBI Asks Banks to Display Loan Interest Rates on Websites

    To bring in transparency, the Reserve Bank of India (RBI) on Thursday asked banks to display loan interest rates and processing fees on their websites from April 1.

  • OPEC, Oil Firms Clash at Davos Over Price Collapse

    OPEC, Oil Firms Clash at Davos Over Price Collapse

    The Organization of the Petroleum Exporting Countries (OPEC) defended on Wednesday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage as investments dry up.

  • India Well Positioned To Take Advantage of Demand: Arundhati Bhattacharya

    India Well Positioned To Take Advantage of Demand: Arundhati Bhattacharya

    Bhattacharya said the new government has been looking at ways to get projects framed in a better manner.

  • Financial Sector Accounts for Bulk of Corporate Bond Issuances

    Financial Sector Accounts for Bulk of Corporate Bond Issuances

    He said the banks and financial sector account for over 70 per cent of the issuances in the corporate bond market, which has witnessed 19 per cent growth in issuances every year since FY05.

  • Swiss Lenders Pitch 'Superior' Banking Services

    Swiss Lenders Pitch 'Superior' Banking Services

    In a major departure from their earlier practice of luring wealthy clients in the name of 'safe havens', Swiss bankers are now pitching 'superior banking' services to their prospective clients although Indian corporate leaders do not appear much impressed.

  • Jan Dhan Scheme: 11.5 Crore Accounts Opened, Says Jaitley

    Jan Dhan Scheme: 11.5 Crore Accounts Opened, Says Jaitley

    As many as 11.5 crore bank accounts have been opened under the 'Pradhan Mantri Jan Dhan Yojana' financial inclusion scheme, exceeding the enhanced target of 10 crore and covering 99.74 per cent of households, Finance Minister Arun Jaitley said on Tuesday.

  • IFC, Singapore Sovereign Wealth Fund to Invest in Bandhan

    IFC, Singapore Sovereign Wealth Fund to Invest in Bandhan

    IFC, the private arm of World Bank, and GIC, the sovereign wealth fund of Singapore, would infuse equity in Bandhan, following which the capital base would increase from Rs 2,100 crore to Rs 3,200 crore.

  • Unions Defer Proposed Four-Day Bank Strike

    Unions Defer Proposed Four-Day Bank Strike

    Earlier in the day, employees unions had announced that they will go on a 4-day strike from January 21 to protest against the "rigid and callous attitude" of Central Government in resolving the long pending wage revision issues.

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