banking system

S&P; upgrades South Korea’s sovereign rating


September 14th, 2012 - 3:46 pm ICT by IANS
Seoul, Sep 14 (IANS) Global credit rating appraiser Standard & Poor Friday upgraded the sovereign rating on South Korea by one notch to "A-plus", just one notch lower than those ... Read more...

Posted in Business |

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 |

SBI favours phasing out of CRR


August 23rd, 2012 - 5:16 pm ICT by IANS
Kolkata, Aug 23 (IANS) The country's largest public sector lender State Bank of India has strongly proposed phasing out of Cash Reserve Ratio (CRR) from the banking system, its ... 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 |

US Treasury to receive $5.75 bn from AIG stock sale


August 7th, 2012 - 1:36 pm ICT by IANS
Washington, Aug 7 (IANS) The US Treasury has said that it expected to receive $5.75 billion from the latest sale of the American International Group (AIG) stock, $750 million more ... Read more...

Posted in Business |

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 |

RBI cuts SLR by 1 percent


July 31st, 2012 - 5:24 pm ICT by IANS
New Delhi, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday announced a reduction in the statutory liquidity ratio (SLR) from 24 percent to 23 percent with effect from ... Read more...

Posted in Business |

Moody’s cuts outlook on Germany


July 24th, 2012 - 1:08 pm ICT by IANS
Brussels, July 24 (IANS) Moody's Investors Service late Monday lowered its outlook on top-rated Germany, the Netherlands and Luxembourg to negative from stable, citing increasing uncertainties about the euro debt ... Read more...

Posted in Business |

Spain’s policy will create jobs: Germany


July 23rd, 2012 - 11:33 am ICT by IANS
Palma (Spain), July 23 (IANS/EFE) German Foreign Minister Guido Westerwelle has expressed his support for the economic policy of Spain's Mariano Rajoy government, because, though it will be "very hard ... Read more...

Posted in Business |

Moody’s downgrades Italy debt rating


July 13th, 2012 - 2:08 pm ICT by IANS
New York, July 13 (IANS) Ratings agency Moody's Investors Service has downgraded Italy's government bond rating two notches over concerns that the country is more likely to experience a further ... Read more...

Posted in Business |

Bankers ask RBI to ease liquidity


July 9th, 2012 - 6:17 pm ICT by IANS
Mumbai, July 9 (IANS) Top bankers Monday urged the Reserve Bank of India (RBI) to ease liquidity in the banking system to help revive industrial growth.Executives of leading lenders ... Read more...

Posted in Business |

Finland expects tough loan collateral talks with Spain


July 6th, 2012 - 12:07 pm ICT by IANS
Berlin, July 6 (IANS/EFE) Finland's finance minister said she expects "long and difficult" talks with Spain on the collateral to be offered to the Nordic country in exchange for aid ... Read more...

Posted in Business |

Britain to close borders if eurozone collapses


July 5th, 2012 - 5:40 am ICT by IANS
London, July 4 (IANS) Britain will close its borders to people from countries like Greece if the eurozone -- the group of 17 countries which use the euro as ... Read more...

Posted in World |

US stocks mixed amid euro uncertainties


June 12th, 2012 - 11:40 pm ICT by IANS
New York, June 12 (IANS) US stocks opened mixed Tuesday as investors welcomed the Spanish bank aid package.However, investors have now turned their attention to Italy's struggling banking system, fearing ... Read more...

Posted in Business |

US stocks retreat after short relief rally


June 12th, 2012 - 1:19 am ICT by IANS
New York, June 11 (IANS) US stocks retreated after a short rally Monday as enthusiasm on the Spanish bank aid package faded.Spain will be lent up to 100 billion euros ... Read more...

Posted in Business |

IMF chief seeks integrated action to fix financial system


June 9th, 2012 - 1:31 pm ICT by IANS
Washington, June 9 (IANS) The head of the International Monetary Fund has called for further action to reform the global financial system by strengthening crisis management tools and the overall ... Read more...

Posted in Business |

RBI removes penalty on prepayment of home loans


June 5th, 2012 - 11:04 pm ICT by IANS
Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) Tuesday announced removal of foreclosure charges/prepayment penalty on home loans with floating interest rates.In a notification, the central bank said ... Read more...

Posted in Business |

Home secretary reviews cross-LOC trade at Poonch


May 17th, 2012 - 5:52 pm ICT by IANS
Jammu, May 17 (IANS) Union Home Secretary R.K. Singh Thursday visited Jammu and Kashmir's frontier Poonch district and discussed with local people issues concerning trade across the Line of Control ... Read more...

Posted in South Asia |

SBI, Allahabad Bank cut interest rates


April 23rd, 2012 - 9:34 pm ICT by IANS
Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest lender, said Monday that it will cut interest rates on term deposits by upto 1 percent.However, ... Read more...

Posted in Business |

Banks lower interest rates taking cues from RBI policy


April 19th, 2012 - 9:00 pm ICT by IANS
Mumbai, April 19 (IANS) Leading lenders including ICICI Bank and Punjab National Bank Thursday announced cut in both lending and deposit rates, just two days after the Reserve Bank of ... Read more...

Posted in Uncategorized |

Aadhaar to pilot financial, banking services in 50 districts


April 18th, 2012 - 6:18 pm ICT by IANS
Agartala, April 18 (IANS) Aadhaar cards, the unique, 12-digit identification numbers given to residents of India, will soon be pressed into financial and banking services, to begin with in 50 ... Read more...

Posted in Sci-Tech |

Might see further slash in CRR by RBI: HSBC (Lead)


April 13th, 2012 - 12:45 am ICT by IANS
Kolkata, April 12 (IANS) British banking company HSBC Thursday said it is expecting a slash in cash reserve ratio (CRR) during the Reserve Bank of India (RBI)'s credit policy announcement ... Read more...

Posted in Business |

CRR slash a cause for worry: HSBC


April 13th, 2012 - 12:00 am ICT by IANS
Kolkata, April 12 (IANS) The British banking company, HSBC Thursday said it is expecting a slash in cash reserve ratio (CRR) during the Reserve Bank of India (RBI)'s credit policy ... Read more...

Posted in Business |

China’s financial supervision sound: IMF


April 6th, 2012 - 2:04 pm ICT by IANS
Washington, April 6 (IANS) China's financial supervision has made significant progress but more efforts are needed to meet challenges ahead, the International Monetary Fund (IMF) said."Regulation and supervision of China's ... Read more...

Posted in Business |

AIG pays back $1.5 bn to US Treasury


March 23rd, 2012 - 2:58 pm ICT by IANS
Washington, March 23 (IANS) The US Treasury Department said Thursday that American International Group (AIG) repaid an additional $1.5 billion, a further step to exit from the government's financial rescue ... Read more...

Posted in Business |

US threatens sanctions against India over Iran oil?


March 16th, 2012 - 10:29 am ICT by IANS
Washington, March 16 (IANS) The United States has threatened to impose sanctions on India if it fails to reduce its purchases of Iranian oil, according to a media report citing ... Read more...

Posted in World |

‘Government banks lending to key sectors up 19 percent’


March 15th, 2012 - 5:11 pm ICT by IANS
New Delhi, March 15 (IANS) The Economic Survey for 2011-12 tabled by Finance Minister Pranab Mukherjee in parliament Thursday reported an increase of 19 percent in key lending sectors ... Read more...

Posted in Business |

India’s central bank frees more money for credit (Lead)


March 9th, 2012 - 9:44 pm ICT by IANS
Mumbai, March 9 (IANS) In a bid to free more money for commercial banks to lend, India's central bank Friday cut a key rate that determines the amount of ... Read more...

Posted in Business |

India’s central bank frees more money for credit


March 9th, 2012 - 7:55 pm ICT by IANS
Mumbai, March 9 (IANS) In a bid to free more money for commercial banks to lend, India's central bank Friday cut a key rate that determines the amount of ... Read more...

Posted in Business |

US official warns against perils of ‘financial crisis amnesia’


March 3rd, 2012 - 1:40 pm ICT by IANS
Washington, March 3 (IANS) US Treasury Secretary Timothy Geithner has cautioned against the perils of "financial crisis amnesia" in the wake of complaints from those attempting to weaken or repeal ... Read more...

Posted in Business |

UCO Bank might get capital infusion of Rs.2 billion


February 1st, 2012 - 11:54 pm ICT by IANS
Kolkata, Feb 1 (IANS) City-based UCO Bank Wednesday said it might get capital infusion of Rs.2 billion-odd from the central government for this financial year."We might get some capital from ... Read more...

Posted in Business |

Nobel laureate warns European economic crisis may deepen


January 19th, 2012 - 3:00 pm ICT by IANS
Lisbon, Jan 19 (IANS) The 2001 Economy Nobel Prize winner Joseph Stieglitz warned Wednesday that the European governments' economic policies are likely to deepen the crisis instead of solving it."The ... Read more...

Posted in Business |

Srei aims to broadbase borrowing options


January 7th, 2012 - 10:39 pm ICT by IANS
Kolkata, Jan 7 (IANS) Kolkata-based Srei Infrastructure Finance (SIFL), one of the leading non-banking financial institutions (NBFC) of the country, is aiming to broadbase its borrowing options and may come ... Read more...

Posted in Business |

World Bank projects 8.4 percent growth for China in 2012


November 22nd, 2011 - 1:19 pm ICT by IANS
Singapore, Nov 22 (IANS) The World Bank Tuesday projected a growth of 9.1 percent for China in 2011, followed by a slower growth of 8.4 percent in 2012.The developing East ... Read more...

Posted in Business |

Right to recall may lead to political instability: Pranab


November 20th, 2011 - 11:02 pm ICT by IANS
Kolkata, Nov 20 (IANS) Union Finance Minister Pranab Mukherjee said Sunday the proposal for recalling elected representatives will be difficult to implement in a huge country like India ... Read more...

Posted in Politics |

« Previous Entries

Subscribe