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 |
Micro finance institutions: RBI concerned on monitoring deficiences
July 5th, 2012 - 5:43 am ICT by IANS
Chennai, July 4 (IANS) The Reserve Bank of India (RBI) is the regulator for micro finance institutions (MFIs) but there are concerns over whether it has the wherewithal to do ... Read more...
Posted in Business |
India’s financial system robust, but risks remain: RBI (Lead)
June 28th, 2012 - 11:00 pm ICT by IANS
Mumbai, June 28 (IANS) India's financial system "remains robust" but challenges to stability have increased in recent months owing to global economic uncertainty and sluggish domestic growth, the Reserve Bank ... 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 |
SBI to approach Moody’s for review and re-rating
May 18th, 2012 - 10:26 pm ICT by IANS
Kolkata, May 18 (IANS) The country's biggest lender State Bank of India (SBI) is mulling to approach global credit ratings firm Moody's Investors Services to "review" its ratings, its ... Read more...
Posted in Business |
Banking stocks fall on concern new norms may hit profits
May 3rd, 2012 - 4:17 pm ICT by IANS
Mumbai, May 3 (IANS) The share price of banking stocks fell sharply Thursday, a day after the Reserve Bank of India (RBI) announced guidelines for implementing Basel III norms ... Read more...
Posted in Business |
Four US banks fail Fed stress test
March 14th, 2012 - 6:55 am ICT by IANS
Washington, March 14 (IANS) The US Federal Reserve said Tuesday that four major US banks have failed to pass its latest round of stress test.Citigroup, SunTrust, Ally Financial and MetLife ... Read more...
Posted in Business |
Public sector banks will get adequate capital: Pranab (Lead)
February 19th, 2012 - 9:28 pm ICT by IANS
Gurgaon, Feb 19 (IANS) The Indian government will provide adequate capital to all the public sector banks to help them face risks arising out the global economic uncertainties, Finance ... Read more...
Posted in Business |
Sensex loses 221 points in volatile trading (Weekly market review)
October 8th, 2011 - 3:14 pm ICT by IANS
Mumbai, Oct 8 (IANS) Indian equities markets witnessed extremely volatile trading this week in the wake ratings downgrade of the country's largest lender State Bank of India ahead of ... Read more...
Posted in Business |
Sensex ends in red; SBI, ICICI Bank slump
October 5th, 2011 - 6:44 pm ICT by IANS
Mumbai, Oct 5 (IANS) A benchmark index for Indian equities closed in the negative terrain for the fourth straight day Wednesday as the State Bank of India's ratings downgrade ... Read more...
Posted in Business |
SBI slumps 4 percent on ratings downgrade
October 5th, 2011 - 5:13 pm ICT by IANS
Mumbai, Oct 5 (IANS) State Bank of India (SBI), the country's largest lender, slumped over four percent Wednesday, sliding for the second straight day after Moody's downgraded its ratings ... Read more...
Posted in Business |
Pranab to interact with SBI board on finances
July 14th, 2011 - 6:51 pm ICT by IANS
Kolkata, July 14 (IANS) Union Finance Minister Pranab Mukherjee will interact with the State Bank of India (SBI) board Aug 6 to understand what kind of financial support the ... Read more...
Posted in Uncategorized |
Pranab to review banks’ performance
July 7th, 2011 - 5:20 pm ICT by IANS
New Delhi, July 7 (IANS) Finance Minister Pranab Mukherjee will meet chief executives of public sector banks and financial institutions Friday to review their annual performance, a statement said.The ... Read more...
Posted in Business |
Pranab asks banks to improve asset quality
June 17th, 2011 - 8:23 pm ICT by IANS
New Delhi, June 17 (IANS) Expressing concern over the rising non-performing assets (NPAs), Finance Minister Pranab Mukherjee Friday asked banks to adopt better risk management practices and improve the ... Read more...
Posted in Business |
Polaris launches new liquidity monitoring solution for banks
May 31st, 2011 - 8:04 pm ICT by IANS
Chennai, May 31 (IANS) Chennai-based financial technology major Polaris Software Lab Ltd Tuesday launched a new solution - Intellect Liquidity Risk Management - that enables banks and financial institutions to ... Read more...
Posted in Business |
Sound banking system needed for financial stability: Pranab
March 27th, 2011 - 5:48 pm ICT by IANS
Mumbai, March 27 (IANS) A sound and resilient banking sector, well-functioning financial markets, robust liquidity management and payment and settlement infrastructure have become the pre-requisites for financial stability, union ... Read more...
Posted in Business |
Improve pay at public sector banks: Subbarao
September 7th, 2010 - 7:56 pm ICT by IANS
Mumbai, Sep 7 (IANS) India's central bank governor Tuesday said pay packages at state-run banks need to be revamped and brought at par with their private sector peers if they are to ... Read more...
Posted in Business |
Cabinet approves capital requirement of public sector banks
April 23rd, 2010 - 4:30 pm ICT by ANI
New Delhi, Apr 23 (ANI): The Union Cabinet on Friday approved a proposal to provide capital funds to the Public Sector Banks (PSBs) during the years 2010-11 and 2011-12 in order to ... Read more...
Posted in National |
Rs.15,000 crore capital infusion for state-run banks okayed
April 23rd, 2010 - 1:33 pm ICT by IANS
New Delhi, April 23 (IANS) The government Friday approved Rs.15,000 crore ($3.34 billion) as capital infusion for public sector banks for the current fiscal and said further assistance for the next fiscal ... Read more...
Posted in Business |
Regulators’ tussle leaves life insurers worried
April 11th, 2010 - 5:22 pm ICT by IANS
By Venkatachari Jagannathan
Chennai, April 11 (IANS) The turf war between the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDA) over regulating unit linked insurance policies ... Read more...
Posted in Business |
Yes Bank in pact with French firm to raise $20 mn
September 14th, 2009 - 4:00 pm ICT by IANS
New Delhi, Sep 14 (IANS) Private sector lender Yes Bank Monday announced that it has entered into an agreement with Proparco, a French multilateral development finance agency, to raise $20 million (Rs.97.45 ... Read more...
Posted in Business |
Pranab Mukherjee to meet heads of public sector banks today
June 10th, 2009 - 12:31 pm ICT by ANI
New Delhi, June 10 (ANI): Finance Minister Pranab Mukherjee will meet heads of public sector banks today.Issues like review of interest rates of banks, credit growth and agriculture loans will be ... Read more...
Posted in Business |
India asks World Bank to boost lending to developing world
April 27th, 2009 - 12:10 am ICT by IANS
By Arun Kumar
Washington, April 26 (IANS) India Sunday proposed a three-point action plan, including a substantial increase in the World Bank's lending, to enable the developing world to recover from the worst ... Read more...
Posted in Business |
IMF predicts $4 trillion losses from US mortgage crisis
April 21st, 2009 - 9:26 pm ICT by IANS
Washington, April 21 (Xinhua) The International Monetary Fund (IMF) said Tuesday that losses stemming from the US mortgage crisis may reach $4 trillion and the global financial system "remains under severe stress".
The ... Read more...
Posted in Business |
Chidambaram says banks now ready to enhance credit
November 4th, 2008 - 5:09 pm ICT by IANS
New Delhi, Nov 4 (IANS) Finance Minister P. Chidambaram Tuesday said enough liquidity had been infused into India's financial system and that commercial banks would now enhance their credit delivery at the ... Read more...
Posted in Uncategorized |
Key comments by central bank governor on policy review
October 24th, 2008 - 6:03 pm ICT by IANS
Mumbai, Oct 24 (IANS) Following are some key comments by Reserve Bank of India (RBI) Governor D. Subbarao, who conducted the mid-term review of the country's monetary policy with chief executives of ... Read more...
Posted in Business |
Your money is safe, prime minister assures citizens
October 20th, 2008 - 6:30 pm ICT by IANS
New Delhi, Oct 20 (IANS) In a bid to calm nerves on account of the global financial tsunami, Prime Minister Manmohan Singh Monday said the crisis had slowed the country's growth but ... Read more...
Posted in Uncategorized |
ICRA to rate Central Bank of India’s loans
March 17th, 2008 - 3:10 pm ICT by admin
Mumbai, March 17 (IANS) Credit rating agency ICRA Ltd will now issue ratings to the loans and other exposures made by Central Bank of India. ICRA (Investment Information and Credit Rating Agency), ... Read more...
Posted in Business |