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Bank of India hints at 10-25 bps cut in base rate

Apr 24, 2015

Bank of India hints at 10-25 bps cut in base rate

The bank has already opened more than 1.82 crore accounts under various financial inclusion initiatives, out of which 70.2 lakh accounts have opened since the launch of the Jan Dhan Yojana, Bank of India chairman and managing director Vijaylaxmi Iyer said. #NewsTracker #Bank of India #New India Assurance #Jan Dhan Yojana #Vijaylaxmi Iyer #Pradhan Mantri Suraksha Bima Yojana #Pradhan Mantri Jeevan Jyoti Bima Yojana #Star Union Dai-ichi Life Insurance
HDFC Bank's profit up 20.7%, expects higher loan growth than sector

Apr 24, 2015

HDFC Bank's profit up 20.7%, expects higher loan growth than sector

HDFC Bank Ltd, India's second-biggest private sector lender by assets, said on Thursday it was optimistic of growing loans on the back of faster economic expansion after reporting net profit grew more than a fifth in the March quarter. #HDFC Bank #loans #Banking sector #Loan growth #Q4 earnings
Govt to launch toll-free helpline for TB patients: Nadda

Apr 23, 2015

Govt to launch toll-free helpline for TB patients: Nadda

Seeking to reach out to tuberculosis patients, the government on Thursday said that it will launch a toll-free helpline, whereby even a missed call would suffice to connect them with the health programme against the disease. #World Bank #NewsTracker #JP Nadda #Make In India #Tuberculosis and Lung Diseases
MET sees below normal rains: Here are the sectors, firms likely to be hit

Apr 23, 2015

MET sees below normal rains: Here are the sectors, firms likely to be hit

Tractors, two-wheelers, FMCG, agri inputs and banks are likely to bear the brunt of a poor monsoon. #FMCG #ConnectTheDots #IMD forecast #Slowdown #public sector banks #Two wheelers #NPAs #rural demand #Tractors
IMD's forecast: Poor rains could be another shocker to public sector banks

Apr 23, 2015

IMD's forecast: Poor rains could be another shocker to public sector banks

The deteriorating financial health of state-run banks is already visible in their earnings. #Monsoon #IMD #public sector banks #NPAs #farm loans #Loan Waiver

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Banking licences: Were Tatas hoping to change the rules mid way?

Nov 28, 2013

Banking licences: Were Tatas hoping to change the rules mid way?

Many corporate were hoping for relaxation of RBI rules for a couple of years, and when they realized RBI is not going to relax any norms, some of them are now backing out #RBI #Tata Sons #Tata #Banking Licences
When it comes to financial sector, India is way ahead of China

Nov 18, 2013

When it comes to financial sector, India is way ahead of China

The banking system in India is well regulated and banks' reporting standards, reserve ratios and capital adequacy hold the system strong even in the face of adversities such as the global financial market collapse in 2007-08. #India #China #Banking #InMyOpinion #financial system