Thomson Reuters | Last Updated: September 03, 2015 16:48 (IST)
Since taking the helm in late 2013, RBI Governor Raghuram Rajan has set out to bring fresh ideas to the conservative institution and has eyed recruiting more specialists from outside.
Press Trust of India | Last Updated: September 03, 2015 14:40 (IST)
RBI is scheduled to come out with its bi-monthly policy review on September 29 and the pressure is mounting on it to cut interest rate to boost growth.
Press Trust of India | Last Updated: September 02, 2015 18:21 (IST)
A dominant player in the banking solutions space, Finacle has 70 per cent share of the top 40 banks in India. It also powers over 100 cooperative banks in India.
Press Trust of India | Last Updated: September 02, 2015 18:00 (IST)
Fitch expects more banks to be designated DSIBs in future. In its report titled Indian Banks' Capital Challenges, Fitch said the government's capital support remains crucial for state-owned banks considering the shallow domestic additional tier I market and weak internal capital generation capability.
Thomson Reuters | Last Updated: September 02, 2015 16:10 (IST)
To take advantage of this growth, local firms such as IIFL Wealth Management and Kotak Wealth Management, which have long dominated the industry, said they plan to add more branches and bankers within months.
Press Trust of India | Last Updated: September 01, 2015 17:07 (IST)
Besides, the agency has cut its India real GDP growth forecasts to 7.8 per cent for FY16 from 8 per cent, and to 8.1 per cent for FY17 from 8.3 per cent.
Press Trust of India | Last Updated: August 31, 2015 23:03 (IST)
Foreign investors are allowed to invest up to $25 billion (Rs 1,24,432 crore) in government debt securities through auction while an investment of up to $5 billion (Rs 29,137 crore) is permitted 'on tap'.
Thomson Reuters | Last Updated: August 31, 2015 20:33 (IST)
In compiling Monday's list, the RBI had said banks larger than 2 per cent of India's economy would be selected, but it also considered factors beyond size, including complexity, interconnectedness, international links and the institutions' ability to be replaced.
Press Trust of India | Last Updated: August 31, 2015 17:16 (IST)
The government increased its recapitalisation commitment for this year to Rs 25,000 crore from the budgeted Rs 7,900 crore, and has also affirmed its commitment to allocate Rs 70,000 crore over the next three years to 27 state-run banks.
Press Trust of India | Last Updated: August 30, 2015 18:19 (IST)
He said in terms of number of such accounts, the bank nearly doubled to 7.81 crore as of end June, of which pre-Jan Dhan accounts were 3.95 crore. In June 2014, the number of such accounts stood at 3.76 crore, he said.
Press Trust of India | Last Updated: August 30, 2015 17:06 (IST)
He said the RBI-promoted NPCI, which hosts switches necessary for completing financial transactions, has already floated a request for proposal (RFP) for the same and expects to finish the ramp-up in three years.
Press Trust of India | Last Updated: August 28, 2015 22:32 (IST)
State Bank of India chairperson Arundhati Bhattacharya on Friday said the Reserve Bank of India is likely to keep repo rate unchanged in the September monetary policy review due to the uncertainty in the markets and a volatile rupee.
Press Trust of India | Last Updated: August 28, 2015 22:26 (IST)
With government declaring the second and fourth Saturdays as public holiday for banks from September 1, the Reserve Bank of India said on Friday that all money market segments will continue to remain open on all Saturdays.
Press Trust of India | Last Updated: August 28, 2015 21:39 (IST)
Global oil prices slumping to six year lows and the accompanying fall in commodity prices will help India save money on its import bill that can be used to fund social security schemes as well as for infrastructure building, Finance Minister Arun Jaitley said on Friday.
Press Trust of India | Last Updated: August 28, 2015 20:53 (IST)
India's total external debt rose by $29.5 billion, or 6.6 per cent, to $475.8 billion at the end of March, mainly due to an increase in external commercial borrowings (ECBs) and NRI deposits.
Press Trust of India | Last Updated: August 28, 2015 20:49 (IST)
Scheduled commercial banks' credit growth slowed to 8.6 per cent in quarter ended June 2015, as against 12.9 per cent in the corresponding period a year ago, data from the Reserve Bank of India showed.