November 26, 2014 08:15 (IST)
With the tailwind of a strong recent stock market performance on optimism about a new government led by Prime Minister Narendra Modi, the banks are preparing to raise capital to meet upcoming global regulations and to build a buffer against rising bad loans. Banks such as State Bank of India have appointed advisers for share sales.
November 25, 2014 22:29 (IST)
Public sector banks may take a hit of Rs 96,484 crore due to cancellation of coal blocks to power projects, Minister of State for Finance Jayant Sinha said on Tuesday.
November 25, 2014 22:11 (IST)
Accusing some large borrowers of enjoying "riskless capitalism", Reserve Bank of India Governor Raghuram Rajan on Tuesday said such entities were responsible for making banks' credit profile unhealthy and these big clients were in effect becoming "freeloaders" in the banking system.
November 25, 2014 22:04 (IST)
Public sector banks accounted for over 90 per cent of total non-performing assets (NPAs) registered by the banking sector in fiscal year 2013-14 (FY14).
November 25, 2014 21:16 (IST)
Kotak Mahindra Bank's acquisition of ING Vysya is credit positive for the Uday Kotak-led lender in the medium term, while the operational integration would be a challenge, India Ratings said on Tuesday.
November 25, 2014 17:33 (IST)
The Reserve Bank of India (RBI) on Tuesday said it could penalise lenders that help domestic companies raise debt abroad if that fundraising violates external commercial borrowing (ECB) rules when repatriated to India.
November 25, 2014 16:54 (IST)
The Reserve Bank of India (RBI) could give banks more flexibility to restructure distressed loans in a bid to steer funding towards cash-strapped infrastructure projects, Governor Raghuram Rajan said on Tuesday.
November 25, 2014 15:42 (IST)
Banks have collected over Rs 6,000 crore by opening 7.9 crore accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY), according to a senior Finance Ministry official.
November 24, 2014 20:42 (IST)
Post the merger, Dutch financial services giant ING, currently the main promoter of over 80-year-old ING Vysya Bank, would become a shareholder in the merged entity with 6.5 per cent stake and would remain invested for minimum one year.
November 24, 2014 18:17 (IST)
The banks also need to understand that a tougher regulatory environment is "the new normal" and those who are better prepared for this new regime will outperform those that are ill prepared, Mr Jhaveri said.
November 23, 2014 19:41 (IST)
Distressed asset purchaser Arcil has pruned its yearly bad loan buying target by 30 per cent to Rs 3,500 crore following stricter guidelines issued by the Reserve Bank of India (RBI) recently, a top official has said.
November 23, 2014 19:05 (IST)
As the Reserve Bank of India (RBI) readies for licensing of some niche-segment banks, global banking giant Citibank's India chief, Pramit Jhaveri, said there is room for a larger number of banks in the country, but it also needs lenders that are large in size to compete on a global stage.
November 23, 2014 16:33 (IST)
Finance Minister Arun Jaitley on Sunday pitched for an interest rate cut, expressing confidence that the Reserve Bank of India (RBI) will move in the direction of making the cost of capital reasonable to help perk up economy.
November 23, 2014 11:42 (IST)
The Reserve Bank of India has asked lenders to exercise caution before making payments to customers claiming funds lying idle in inoperative accounts.
Written By: Devika Singh | November 22, 2014 17:52 (IST)
Credit cards issued by the Reserve Bank of India! Yes, that's the latest trick fraudsters are using to dupe hapless people, the central bank has found recently.
November 21, 2014 17:57 (IST)
Some analysts have said that KMB may have to prune its expenses. In a service industry like banking, people are a major cost component.
November 20, 2014 21:00 (IST)
The guidelines with respect to levying of penal charges for non-maintenance of minimum balance will come into effect from April 1, 2015.
November 20, 2014 19:12 (IST)
Shareholders of ING Vysya Bank will get 725 shares of Kotak Mahindra Bank for every 1,000 shares held.
Written By: Varun Sinha | November 20, 2014 16:08 (IST)
Indian stock exchanges on Thursday sought clarification from Kotak Mahindra Bank and ING Vysya Bank about a news report that claimed a merger between the two is on the cards. ING Vysya Bank said it will disclose any price sensitive information if need be, while Kotak's reply is awaited.
November 20, 2014 15:06 (IST)
On Wednesday six global banks agreed to pay $4.3 billion to settle claims they failed to stop traders from trying to rig foreign exchange markets, which came hot on the heels of similar fines for manipulating benchmark interest rates.