Finance News - Page 5

As Modi govt completes a year, public banks are deeper in distress and await a miracle cure

PSBs need nothing short of miracle to improve their performance, or else the only option is to wait for a slow, natural death

Bank the poor: The message Rajan's priority sector lending norms send to lenders

Small farmers are a long ignored segment; the new norms will likely change this

Kotak Bank profit up 37.5% in Q4 on higher other income; issues 1:1 bonus share

The total income rose to Rs 3,249.08 crore for the quarter ended March 31, 2015 from Rs 2,552.96 crore in the same period a year ago

Jaitley should spare zombie banks from dividend payments until they pass tough phase

Govt should give up dividend receipts at least until state-run banks tide over the tough phase

On the ground, Prime Minister's Jan Dhan scheme is still a painful affair for bank staff

Bankers say given that most account holders already have existing bank accounts, they may not be eligible for overdraft

Win for Rajan: Arun Jaitley defers plan to curb RBI's power to regulate govt debt

The minister said, however, that the government will prepare a roadmap to pursue a separate debt management agency later

KYC, money laundering norms violation: RBI slaps Rs 1.5 cr fine each on three public banks

The RBI has has cautioned eight other banks to put in place appropriate measures and review them from time to time to ensure strict compliance of KYC

HDFC net profit rises a tepid 8% to Rs 1,862 cr on deferred tax outgo in Jan-March

For the fiscal year 2014-15, consolidated net profit stood at Rs 8,763 crore as against Rs 7,948 crore in 2013-14

Stingy banks: 70 lenders yet to reduce rate despite two cuts by RBI

The reduction in base rates has been in the range of 0.1-0.5 percent so far

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.

Renewables to Jan Dhan: RBI changes priority sector lending norms to include new categories

Overdraft facility under Pradhan Mantri Jan Dhan Yojna (PMJDY) would also be considered as priority sector lending

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.

Boost for e-comm: RBI for e-tail, bank tie-ups, pre-paid cards for easier payments

When the telecom sector was growing, there were similar problems which were solved through collaboration, said HR Khan

Good decision, SBI: Bank quietly buries its controversial $1 bn loan pact with Adani

If indeed SBI has decided to kill the loan agreement with Adani, it definitely is a good business decision.

Tax terrorism: Why did Jaitley let his babus take him for a ride with a new, flawed ITR form?

Arun Jaitley allowed himself to be conned by his tax babus who came up with a new ITR that would have made compliance more difficult instead of going after the really big crooks who may have salted black money abroad

Seven years after credit crisis: Banks return to retail consumers to sell loans to beat industrial slowdown

The current push is the boldest since before the 2008 financial crisis

Will tax terrorism reach your home? Jaitley wants to know where did you go last year

The new tax returns we have to file for the last financial year is more intrusive in the level of details its seeks from taxpayers. It could bring fear of the taxman into every home unless the law specifically prevents this from happening.

IMF has a warning about India's weak banks and it is a wake-up call for Jaitely

Finance minister Arun Jaitely has only deepened the mess in the banking sector by denying capital to weaker banks

#RajanEffect: RBI spruces up website, to use Twitter and Youtube to reach masses

Don't be surprised if you see the RBI's Twitter handle suddenly becoming active again

With more banks expected to follow ICICI and Axis on rate cuts, is it time for RBI to ease further?

With banks falling in line somewhat, the first hurdle for future rate cuts is cleared; but the critical factor is the rains and crude prices

ICICI Bank, Axis, NBFCs cut home loan rate by up to 0.25%

The move follows rate cuts initiated by leading players State Bank of India and HDFC Ltd in the past few days

SBI, HDFC rate war is tokenism; customers unlikely to benefit hugely

If the common man has to benefit, the RBI will have to cut its policy rate further

Fadnavis' self-goal: 9 reasons why abolition of toll for cars is counter-productive

Maharashtra is abolishing many road toll plazas, but this decision will prove costly in the long run. It puts a question-mark over future private investment in infrastructure

SBI cuts home loan interest rate by 0.25%, could cut base rate by April

The cut in interest rate on home loans, with effect from tomorrow, is higher than the reduction of 0.15 per cent in base rate that came into force on 10 April.

Banking to see great changes in coming years, public banks will be change agents: RBI Rajan

The governor also said the change will be witnessed mostly in the social banking

RBI policy decision: Unless banks listen to Rajan, industrial growth is at risk

RBI policy talks about easing the short term liquidity in the market, but it does not talk about the real challenge that the banks and corporate are facing.

Banks being too stingy? ICICI, SBI, HDFC Bank finally cut lending rates

In the policy document too, for the first time perhaps, lack of monetary transmission topped the list of RBI’s concerns even before inflation risks have found mention.

Banks should quickly sell off businesses they got via debt conversion. Here's why

Banks may do well to cherry pick the assets gotten on conversion and sell those assets separately to various buyers

RBI policy review today: Will Rajan cut rates to support growth, or pause to fight inflation?

While a section of economists expect the RBI to cut rates today to support growth, others forecast the central bank to take a pause in view of the risk factors to inflation

Financial inclusion to farmer suicide : Key takeaways from Modi's speech at RBI

In the speech rendered at the 80th anniversary celebrations of the Reserve Bank of India, the prime minister also sounded concerned about the farming community