"We can help our customers in other banking services, such as domestic, international money transfers, provide third-party financial services products, cash withdrawals, etc."
It is time the Modi-government give a serious thought about privatizing public banks, especially given the equity markets are on a bullish course
The southern states of Andhra Pradesh and Telangana are all set to implement the massive farm loan waivers their chief ministers promised in the run up to the state-elections.<br />
Giving large value corporate loans shouldn't be the focus of PBI for its own good
Improving the thinking in micro-prudential regulation of banks is an important priority
SBI had last month signed the pact with Adani Group on the sidelines of Prime Minister Narendra Modi's visit to Australia. <br />
In a situation, where inflation rates are high and policy rates following suit, if banks lend at lower rates, then monetary policy perforce has to become more aggressive
For the sake of the economy, it is the best to leave Rajan alone to finish his job. Whether banks cut lending rates or not is not in his hands
"The time taken between registration of customers for mobile banking services and activation of the service should also be minimal," RBI said.<br />
Governor Rajan's guidance in the latest policy statement has increased the very uncertainty he has successfully worked to lower.
An announcement in this regard is likely to be made as early as Thursday at Dak Bhavan, the headquarters of department of postal services in Delhi.<br />
Did the BJP president speak in a public rally on a controversial subject such as Saradha's terror linkage without a reality check? On the other hand, if Shah's allegations are indeed true and based on evidences he is privy to, why did the government state otherwise in Parliament?
The RBI Governor did not cut rates - as expected - but he has effectively promised one "early next year" if inflation does not spike suddenly and unexpectedly
However, the central bank has softened its stance on inflation and cut the March-end inflation target to 6 percent.
Presently, banks are allowed to take up to 10 per cent equity holdings in companies whose loans are being recast.
Public sector bank employees today began rotational strike to press for wage hike with employees in the southern region going on a day-long strike.
A status-quo in rates at this stage would do more good to the economy than harm.
With a combination of these administrative and legislative changes, the professional regulatory mechanism will come to stay
The opening up of payment banks and small finance banks to a wide swathe of entrepreneurs will heat up competition for customers and pressure the big banks. Their margins will be under threat
The Sensex today hit a new life-time high helping the BSE today create history.
High interest rates are a key prop for the rupee, now teetering around 62 to the dollar. A further crash will revive prospects of imported inflation, especially if crude prices rise again
With their asset-quality deteriorating and credit demand slackening due to a sluggish economy and politically motivated lending, tapping the capital markets won't be easy for Indian public banks.
The bank has received the approval from the Reserve Bank of India (RBI) to form a subsidiary to commence this business, the lender said in a release.<br />
Just days after Securities and Exchange Board of India announced new insider trading norms, the market regulator has sought details from stock exchanges about trades in shares of ING Vysya Bank that were conducted prior to the announcement of ts Rs 15,000-crore merger with Kotak Mahindra Bank last week.<br />
The RBI in the past has made it clear that it doesn't have the infrastructure to regulate small lenders, like chit funds.
Here are the larger concerns that SBI should address.
Worried by potentially destabilising hot money flows, the Reserve Bank of India (RBI) could take action if foreign investors pour excessive amounts into mutual funds to bypass limits on ownership of government debt, according to a senior policymaker.
The minister added that the public sector bank makes its decisions after taking its Board into confidence. <br />
Kotak Mahindra Bank today announced that it will acquire Bangalore-based ING Vysya bank in an all-stock deal.
Kotak Mahindra Bank surged as much as 7.6 percent to a record high of Rs 1,159.15 on reports that Kotak is close to acquiring ING Vysya bank.<br />