indian banks

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 |

Need to shift from cash to electronic payment: Subbarao


August 3rd, 2012 - 7:35 pm ICT by IANS
Hyderabad, Aug 3 (IANS) Reserve Bank of India Governor D. Subbarao Friday stressed the need for transforming India into a less cash-handling society like other emerging economies through innovation in ... Read more...

Posted in Business |

Indian banks should electronically transmit export data


July 27th, 2012 - 10:09 pm ICT by IANS
Chennai, July 27 (IANS) Banks in India should adopt the electronic bank realisation certificate (EBRC) scheme to reduce the transaction costs for exporters, said a top government official."The software glitches ... Read more...

Posted in Business |

BRIC banks to be under pressure: S&P;’s


July 26th, 2012 - 12:43 am ICT by IANS
Chennai, July 25 (IANS) Credit rating agency Standard and Poor's (S&P;'s) Wednesday said that the banks in Brazil, Russia, India and China (BRIC) could come under pressure over the next ... Read more...

Posted in Business |

Asset quality of Indian banks to weaken: S&P;


July 25th, 2012 - 3:58 pm ICT by IANS
New Delhi, July 25 (IANS) The quality of assets and earnings of banks in the emerging economies, especially India, is likely to weaken over the next 12-24 months owing to ... Read more...

Posted in Business |

Moody’s downgrades ICICI Bank, HDFC Bank, Axis Bank


May 14th, 2012 - 5:17 pm ICT by IANS
New Delhi, May 14 (IANS) Credit ratings agency Moody's Monday downgraded India's three top private sector lenders -- ICICI Bank, HDFC Bank and Axis Bank -- on growing concerns over ... Read more...

Posted in Uncategorized |

Firewalls needed between banks and insurance firms: Survey


March 15th, 2012 - 6:22 pm ICT by IANS
Chennai, March 15 (IANS) The Economic Survey tabled in parliament Thursday voiced concern about the growing linkages between the banking and insurance sectors and said firewalls should be built between ... 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 |

Banks should not get complacent: Pranab


February 19th, 2012 - 7:34 pm ICT by IANS
Gurgaon, Feb 19 (IANS) Indian banks had shown resilence during the global economic crisis but there was no room for complacency as the environment remained uncertain, Finance Minister Pranab ... Read more...

Posted in Business |

India, Iran firm up oil payment mechanism (Lead)


February 7th, 2012 - 7:18 pm ICT by IANS
New Delhi, Feb 7 (IANS) Asserting that sanctions from the US can't harm its relations with India, Iran Tuesday said Indian companies will pay for 45 percent of their crude ... Read more...

Posted in Business |

Indian banks can absorb 2G licence losses: Fitch Ratings


February 3rd, 2012 - 10:44 pm ICT by IANS
Chennai, Feb 3 (IANS) The Indian banking sector should be able to weather the loan losses from the cancellation of second generation (2G) spectrum licences by the Supreme Court ... Read more...

Posted in Business |

Pranab asks banks to take belt tightening measures


January 6th, 2012 - 9:01 pm ICT by IANS
Chennai, Jan 6 (IANS) Finance Minister Pranab Mukherjee Friday asked Indian banks to scale down their advances to risky businesses to protect their asset quality."The non-performing assets ... 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 |

Sensex ends 169 points lower on poor IIP numbers


November 11th, 2011 - 6:48 pm ICT by IANS
Mumbai, Nov 11 (IANS) A benchmark index for Indian equities markets Friday closed 169 points lower as poor industrial numbers for September weighed on investors and banking stocks continued ... Read more...

Posted in Business |

Moody’s downgrades Indian banks, stocks tumble


November 9th, 2011 - 8:07 pm ICT by IANS
Mumbai, Nov 9 (IANS) Global rating agency Moody's downgraded the outlook for Indian banks saying the asset quality of various lenders could deteriorate in the next 18 months given ... Read more...

Posted in Business |

Banks’ downgrade pushes Sensex 207 points down


November 9th, 2011 - 7:27 pm ICT by IANS
Mumbai, Nov 9 (IANS) Indian equities fell sharply in afternoon trade Wednesday with a benchmark index closing 218 points lower as credit agency Moody's downgraded the rating of Indian ... Read more...

Posted in Business |

‘Oil companies will decide on petrol price hike’


November 2nd, 2011 - 8:12 pm ICT by IANS
New Delhi, Nov 2 (IANS) The government said Wednesdayit was up to state-run oil marketing companies (OMCs) to decide on any petrol price hike, even as Petroleum Minister ... Read more...

Posted in Business |

Bank of Baroda to open more branches in Africa


August 11th, 2011 - 11:32 pm ICT by IANS
Kolkata, Aug 11 (IANS) State-run Bank of Baroda is aiming to open 15 more branches in East African countries Kenya and Uganda and several other nations in Asia and Asia-Oceania ... 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 |

Massive capital flight jolts Nepal


April 9th, 2011 - 4:20 pm ICT by IANS
Kathmandu, April 9 (IANS) Gripped by protracted political instability, insecurity, labour trouble and a crippling 14-hour daily power outage, wary Nepali investors have started clandestinely transferring capital outside the country.India, ... Read more...

Posted in World |

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 |

Britain hopes for EU-India free trade accord this year


March 18th, 2011 - 8:38 pm ICT by IANS
Chennai, March 18 (IANS) British Trade and Investment Minister Stephen Green said he hoped the Free Trade Agreement (FTA) between India and the European Union (EU) would be concluded ... Read more...

Posted in Business |

Biggest challenge before nation is to ensure inclusive growth: Mukherjee


March 12th, 2011 - 6:57 pm ICT by ANI
New Delhi, Mar 12 (ANI): Union Finance Minister Pranab Mukherjee on Saturday said the biggest challenge before the nation today is to ensure inclusive growth.Speaking on the occasion of 106th ... Read more...

Posted in National |

Grant more banking licenses, but have strict regime: Economic Survey


February 25th, 2011 - 6:27 pm ICT by IANS
New Delhi, Feb 25 (IANS) India's Economic Survey 2010-11, tabled by Finance Minister Pranab Mukherjee in the Lok Sabha Friday, recommended more banking licences but added that strict regulations must be ... Read more...

Posted in Business |

China allays India’s concerns over trade deficit


December 13th, 2010 - 4:47 pm ICT by IANS
New Delhi, Dec 13 (IANS) Ahead of Chinese Premier Wen Jiabao's visit, China Monday allayed India's concerns over the widening trade deficit, estimated to be $19.2 billion, and pitched for greater ... Read more...

Posted in Business |

Air India to refinance $1,150 mn debt: Patel


December 9th, 2010 - 8:24 pm ICT by IANS
New Delhi, Dec 9 (IANS) Civil Aviation Minister Praful Patel Thursday told parliament that Air India is planning to refinance its debt of $1,150 million which was taken to buy 21 new ... Read more...

Posted in Business |

State Bank of India hikes deposit rates up to 150 basis points


December 6th, 2010 - 7:44 pm ICT by IANS
Mumbai, Dec 6 (IANS) India's largest lender, the government-run State Bank of India (SBI) Monday hiked its deposit rates by up to 150 basis points, in a move that should encourage ... Read more...

Posted in Business |

Indian banks well capitalised for Basel III: Subbarao


December 3rd, 2010 - 5:58 pm ICT by IANS
Mumbai, Dec 3 (IANS) Indian banks are well capitalised and can comfortably adjust to the latest international regulatory framework Basel III, Reserve Bank of India (RBI) Governor Duvvuri Subbarao said Friday."Our ... Read more...

Posted in Business |

Lower lending rates, hike deposit rates, banks told


December 3rd, 2010 - 5:16 pm ICT by IANS
Mumbai, Dec 3 (IANS) Banks need to increase their deposit rates and bring down their lending rates, Reserve Bank of India Governor Duvvuri Subbarao said here Friday."Banks need to raise the interest ... Read more...

Posted in Business |

Indian Overseas Bank to float software subsidiary


November 11th, 2010 - 4:35 pm ICT by IANS
Chennai, Nov 11 (IANS) City-based Indian Overseas Bank (IOB) plans to float a banking software subsidiary to tap the Asian and African markets, the bank's top official said Thursday."Our core banking ... Read more...

Posted in Business |

Hong Kong woos India Inc, keen on IT firms


October 30th, 2010 - 5:14 pm ICT by IANS
New Delhi, Oct 30 (IANS) Hong Kong is optimistic about economic ties with India, and expects more Indian companies, particularly information technology (IT) firms, to set up shop there, the city's investment ... Read more...

Posted in Business |

DISPPL launches new GSM-based security systems in India


September 20th, 2010 - 1:44 pm ICT by ANI
Noida (Uttar Pradesh), Sept.20 (ANI-Business Wire India): DISPPL, A pioneer in banking security, has launch of a new GSM based Alarm system into the Indian banking security market.Digitals India Security Products ... Read more...

Posted in National |

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 |

Mukherjee asks banks to get ready for global competition


September 7th, 2010 - 6:46 pm ICT by IANS
New Delhi, Sep 7 (IANS) Indian banks need to gear themselves up for global competition as changing economic scenario might prompt the government to further open up the sector to foreign ... Read more...

Posted in Business |

British children to know Asian cultures


July 28th, 2010 - 8:44 pm ICT by IANS
Leicester (Britain), July 28 (IANS) A novel initiative called Global Leicester has been launched here to teach British children about Asian cultures that abound the city's diverse ethnic population. The promoter, Leicestershire Education ... Read more...

Posted in World |

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