banking sector

SBI wants CRR phased out for ‘more efficient’ banking (Lead)


August 23rd, 2012 - 10:38 pm ICT by IANS
Kolkata, Aug 23 (IANS) The country's largest public sector lender, the State Bank of India (SBI) has strongly proposed phasing out of Cash Reserve Ratio (CRR) to make ithe ... Read more...

Posted in Business |

Banking services hit for second day in India (Lead)


August 23rd, 2012 - 4:12 pm ICT by IANS
New Delhi, Aug 23 (IANS) Banking services were paralysed for a second straight day Thursday as almost one million employees of public and private sector banks struck work protesting against ... Read more...

Posted in Business |

Banking services in Bengal paralysed for second day


August 23rd, 2012 - 1:03 pm ICT by IANS
Kolkata, Aug 23 (IANS) Banking services in West Bengal remained paralysed for the second consecutive day Thursday, the last day of the two-day nationwide stir called by employees of ... Read more...

Posted in Business |

Banking services hit in northeast India


August 22nd, 2012 - 6:07 pm ICT by IANS
Agartala/Guwahati, Aug 22 (IANS) Banking services were badly hit in the northeastern region Wednesday as most of the public sector banks were closed responding to a two-day nationwide strike call ... Read more...

Posted in Business |

Banking activity in Bengal comes to standstill


August 22nd, 2012 - 2:00 pm ICT by IANS
Kolkata, Aug 22 (IANS) Banking activities in West Bengal came to a standstill as most union members joined the two-day nationwide strike from Wednesday to protest against the proposed Banking ... Read more...

Posted in Business |

Banking activities in Bengal likely to be crippled for two days


August 22nd, 2012 - 1:04 am ICT by IANS
Kolkata, Aug 21 (IANS) Banking activities in West Bengal are likely to be crippled on Wednesday and Thursday as most union members will join the two-day nationwide strike to protest ... Read more...

Posted in Business |

Problems will be resolved once investment is revived: FM


August 18th, 2012 - 4:29 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday said most of the country's economic problems will be solved once investment is revived."Reviving investments is a key challenge ... Read more...

Posted in Business |

Telecom tariffs to rise 37 to 49 paise at Rs.1,400 crore reserve price: COAI


August 6th, 2012 - 10:01 pm ICT by IANS
New Delhi, Aug 6 (IANS) Telecom tariffs would rise 37 to 49 paise per minute led by the cabinet's decision to fix the reserve price for the 2G spectrum auction ... Read more...

Posted in Sci-Tech |

Indian banks need to raise Rs.1.75 trillion capital by 2018: RBI


August 4th, 2012 - 5:44 pm ICT by IANS
Hyderabad, Aug 4 (IANS) Reserve Bank of India Governor D. Subbarao Saturday said the Indian banks will have to raise an additional capital of Rs.1.6 trillion to Rs.1.75 trillion ... Read more...

Posted in Business |

WIPRO computerises five cooperative banks


July 31st, 2012 - 7:55 pm ICT by IANS
Bangalore, July 31 (IANS) IT bellwether Wipro Ltd Tuesday said it has deployed its core banking solution in five state-run cooperative banks across five country under the National Bank for ... Read more...

Posted in Sci-Tech |

Spain told to take decisive actions to cope with crisis


July 28th, 2012 - 1:30 pm ICT by IANS
Washington, July 28 (IANS) The International Monetary Fund (IMF) has said that Spain needs to take "decisive actions" to tackle economic challenges and restore market confidence."The economy has entered an ... Read more...

Posted in Business |

Markets continue to hammer Spanish debt


July 24th, 2012 - 12:38 pm ICT by IANS
Madrid, July 24 (IANS/EFE) The yield on Spanish 10-year bonds rose Monday to a prohibitive 7.49 percent amid fears that nothing short of massive intervention by the European Central Bank ... Read more...

Posted in Business |

ICICI Bank organises customer outreach programme in Leh


July 23rd, 2012 - 10:51 pm ICT by IANS
Jammu, July 23 (IANS) In its bid to reach out to people in the remote area of Ladakh region, the private sector ICICI Bank organised a programme to bring banking ... Read more...

Posted in Business |

Women entrepreneurs in gems and jewellery face many bottlenecks


July 22nd, 2012 - 5:25 pm ICT by IANS
New Delhi, July 22 (IANS) Women entrepreneurs in India's gems and jewellery industry are plagued by several bottlenecks, including operational hindrances like procurement of raw materials and skilled manpower, says ... Read more...

Posted in Business |

Corporation Bank needs Rs.16 bn to meet Basel III norms


July 18th, 2012 - 6:08 pm ICT by IANS
Kolkata, July 18 (IANS) Public sector Corporation Bank will require capital infusion of Rs.16 billion to meet Basel III capital adequacy norms for 2013-14, Chairman and Managing Director Ajai Kumar ... Read more...

Posted in Uncategorized |

Spain to trim another $80 bn with new austerity measures


July 12th, 2012 - 12:41 pm ICT by IANS
Madrid, July 12 (IANS/EFE) Spanish Prime Minister Mariano Rajoy announced Wednesday the fourth austerity package of his seven-month-old administration, a move aimed at achieving 65 billion euros ($80 billion) in ... Read more...

Posted in Business |

‘Delayed monsoon to affect credit offtake in farm sector’


July 9th, 2012 - 6:28 pm ICT by IANS
Kolkata, July 9 (IANS) The delayed monsoon in the country will hit the banking sector as it is set to affect credit offtake in the farm sector, a top official ... Read more...

Posted in Business |

British parliament to conduct banking inquiry


July 3rd, 2012 - 4:14 am ICT by IANS
London, July 3 (IANS) British Prime Minister David Cameron has announced that a parliamentary committee will probe the banking sector following Barclays' lending rate manipulation scandal.The probe will involve ... Read more...

Posted in Business |

Despite risks, India’s financial system robust: RBI


June 28th, 2012 - 8:15 pm ICT by IANS
New Delhi, June 28 (IANS) India's financial system is robust despite the rise in global risks and domestic macro-economic conditions, the Reserve Bank of India (RBI) said Thursday."The financial system ... Read more...

Posted in Business |

Fitch downgrades Spain’s two major banks


June 12th, 2012 - 1:44 pm ICT by IANS
New York, June 12 (IANS) The rating agency Fitch downgraded Spain's two biggest banks by two notches despite the bailout effort made by the European Union (EU).Fitch Monday downgraded the ... Read more...

Posted in Business |

Eurozone agrees to bail out Spanish banks


June 10th, 2012 - 7:53 am ICT by IANS
Moscow/Madrid, June 10 (IANS/RIA Novosti) Eurozone finance ministers have agreed to lend Spain up to 100 billion euros ($125 billion) to bail out its troubled banks as Madrid officially stated ... Read more...

Posted in Business |

China’s banking assets top $16.8 trillion


June 9th, 2012 - 1:20 pm ICT by IANS
Beijing, June 9 (IANS) Total assets of China's banking sector rose 19.1 percent year-on-year to 105.8 trillion yuan ($16.8 trillion) by the end of 2011, according to a report released ... Read more...

Posted in Business |

European situation threat to US economic recovery: Obama


June 9th, 2012 - 9:53 am ICT by IANS
Washington, June 9 (IANS) The simmering eurozone debt crisis posed a big threat to the US economic recovery, with the region facing the risk of a renewed recession, ... Read more...

Posted in Business |

Britain not to fund EU bank bailouts


June 3rd, 2012 - 11:33 pm ICT by IANS
London, June 3 (IANS) Ahead of the European Commission revealing plans to rescue and winddown failing lenders on the ccontinent as the Spanish banking crisis mounts, Britain has ruled out ... Read more...

Posted in World |

Spanish government takes controlling stake in ailing bank


May 10th, 2012 - 12:07 pm ICT by IANS
Madrid, May 10 (IANS/EFE) The Spanish government will nationalize the parent company of Bankia, the country's fourth-largest bank, and plans to inject additional capital into the troubled institution, the ... Read more...

Posted in Business |

S&P; cuts Spain rating


April 27th, 2012 - 12:57 pm ICT by IANS
New York, April 27 (IANS/EFE) Standard & Poor's Thursday reduced its long-term sovereign credit rating on Spain by two notches to BBB+ from A, expressing concern about the country's ... Read more...

Posted in Business |

New Zealand banks register rise in profits


April 24th, 2012 - 1:18 pm ICT by IANS
Wellington, April 24 (IANS) New Zealand's registered banks reported combined profits of 3.3 billion NZ dollars ($2.68 billion) last year, despite the fact that borrowing continued to be slow, ... Read more...

Posted in Business |

IMF warns Russia over credit bubble


April 20th, 2012 - 5:12 pm ICT by IANS
Washington, April 20 (IANS/RIA Novosti) The International Monetary Fund (IMF) has warned Russia it faces the risks of a "credit bubble swelling up" due to the rapid growth in consumer ... Read more...

Posted in Business |

Moody’s raises South Korea’s credit outlook to positive


April 2nd, 2012 - 1:28 pm ICT by IANS
Seoul, April 2 (IANS) Global credit rating agency Moody's raised its outlook for South Korea's long-term sovereign credit rating to positive from stable, the country's finance ministry said Monday.According to ... Read more...

Posted in Business |

Develop human resources to stay relevant: Mukherjee urges state-owned banks


March 11th, 2012 - 8:06 pm ICT by IANS
Gurgaon, March 11 (IANS) State-owned banks should pay more attention to skill-development and improving customer interface to stay relevant in a hugely competitive sector, Finance Minister Pranab Mukherjee said ... Read more...

Posted in Business |

Spanish banks’ bad loans ratio highest since 1994


February 18th, 2012 - 12:43 pm ICT by IANS
Madrid, Feb 18 (IANS/EFE) Spanish banks' ratio of non-performing loans to total loans came in at 7.61 percent last year, the highest percentage since 1994.According to provisional data published Friday ... Read more...

Posted in Uncategorized |

Working for change in UP: A lot can be done (Comment, With Image)


February 9th, 2012 - 12:01 pm ICT by IANS
This isn't a work of fiction, nor is it constructed to bash politicians or start a revolution, especially at a time when this sprawling state is going to the polls. It's ... Read more...

Posted in Feature |

Spain unveils new rules to shore up banking sector


February 3rd, 2012 - 12:03 pm ICT by IANS
Madrid, Feb 3 (IANS/EFE) The government has outlined a programme aimed at shoring up Spain's ailing financial sector.The goal of the overhaul is to achieve in short order a healthier ... Read more...

Posted in Business |

Banks need equity capital of Rs.2.7 trillion for expansion


January 3rd, 2012 - 9:22 pm ICT by IANS
New Delhi, Jan 3 (IANS) Indian banks will be required to raise equity capital of around Rs.2.7 trillion by 2017 to fund their expansion while complying with the new banking ... Read more...

Posted in Business |

RBI gives banks draft guidelines on capital regulation


December 30th, 2011 - 9:23 pm ICT by IANS
New Delhi, Dec 30 (IANS) The Reserve Bank of India (RBI) Friday released draft guidelines for implementing Basel III capital regulation in India aimed at improving the banking sector's ability ... Read more...

Posted in Business |

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