Foreign Banks

RBI penalises five foreign banks for flouting FEMA

The Reserve Bank of India imposed a penalty of Rs 10,000 each on Bank of America, Bank of Tokyo Mitsubishi, The Royal Bank of Scotland and Standard Chartered Bank. Deutsche Bank was penalised Rs 20,000

Wilful defaulters accounts at 5,610, NPAs Rs 5.39 lakh cr, says bank staff union

In nationalised banks, a total of 3,192 accounts were those of wilful defaulters, who owe a sum of Rs 28,775 crore.

Make financial sector a pillar of future economic growth: World Bank tells govt and RBI

One set of reforms are structural and relate to making the financial sector more market-oriented and competitive, while the other revolves around addressing the problem of NPAs

Why banks need to recognise NPA problem at the earliest to preserve economic value of their assets

A careful analysis of the figures present by Mundra shows that while PSBs increased their profits (between 2012-13 and 2015-16) by 110% (see chart) Indian private sector banks increased their profits by 175%

RBI allows more foreign stake in private sector banks

The Reserve Bank of India has allowed foreign banks higher shareholding in private sector lenders in the country under exceptional situations as it tweaked the guidelines, against the backdrop of norms on licensing of new banks.

Foreign banks not expanding as India's credit rating risky: Raghuram Rajan

India has been assigned lowest investment grade rating with a high risk profile by various global agencies

More interested in getting back black money than disclosing names of evaders: SC

SC said it was more interested in getting the black money abroad back to India than the disclosure of names of illegal account holders in foreign banks.

Karnataka Bank, Dhanlaxmi gain on foreign takeover hopes

The RBI on Tuesday said it will treat foreign banks operating in the country on nearly equal terms with local lenders should they move to a wholly owned subsidiary structure.

RBI's foreign bank norms insufficient, but reforms not too far: Fitch

Rating agency Fitch today said the Reserve Bank's recent wholly-owned subsidiary (WOS) guidelines for foreign banks will not change the landscape of the Indian banking space but portend well for sector in the long run.

Foreign banks to provide loans to NRIs for dollar deposits in India

Foreign banks will provide upfront financing for wealthy non-resident Indian clients to entice them to place bulky dollar deposits back home in response to India's drive for dollar funding to defend its weak currency.