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'Asset quality risks from power sector weaknesses to continue'

Last Updated: Wednesday, June 18, 2014, 19:01

India's power sector will continue to be a source of asset quality risk for banks if the poor financial profiles of state electricity board distribution companies (discoms) do not improve through further structural reforms, Moody's Investors Service said.

Bank of England united in holding rates: Minutes

Last Updated: Wednesday, June 18, 2014, 18:12

The Bank of England was unanimous in its decision to maintain its record-low interest rates earlier this month, minutes showed on Wednesday.

World Gold Council organises forum to reform gold fix

Last Updated: Wednesday, June 18, 2014, 15:03

Industry group the World Gold Council announced a plan on Wednesday to reform gold`s global reference price, or "fix", to switch to using actual trades instead of quotes.

PSU banks' asset quality woes likely to continue: Fitch

Last Updated: Monday, June 16, 2014, 14:17

Gross NPA level of commercial banks stood at 3.9 per cent as of March-end as compared with 4.2 per cent till September 2013.

RBI's LCR guidelines credit positive for banks: Moody's

Last Updated: Monday, June 16, 2014, 13:45

The RBI said the liquidity coverage ratio (LCR) will be introduced in a phased manner with a requirement of 60 percent from January 2015.

PSU banks rating outlook likely to be stable: Report

Last Updated: Sunday, June 15, 2014, 12:15

The appointment of Narendra Modi-led BJP government has improved investors sentiments and the key benchmark indices surged to record levels.

18 PSU banks failed to meet target of setting ATMs

Last Updated: Sunday, June 15, 2014, 11:50

There are roughly about 1.4 lakh ATMs of public and private sector banks in the country.

India to come out with payment bank shortly: RBI deputy

Last Updated: Thursday, June 12, 2014, 10:37

The Reserve Bank of India will come out with a payment bank soon, Deputy Governor H. R. Khan said on Thursday.

Bankers pitch for a National Asset Management Co

Last Updated: Tuesday, June 10, 2014, 16:03

Concerned over rising bad loans, heads of banks and financial institutions today suggested creation of National Asset Management Company which could act as a nodal agency to deal with the problem.

NSE asks foreign investors not to raise long positions in bond futures

Last Updated: Tuesday, June 10, 2014, 14:36

The country`s biggest stock exchange also said in the circular that foreign institutional investors can invest in bond futures only after their holdings in cash and futures comes below 85 percent of permissible limits.

China to reduce rural banks' reserve requirements

Last Updated: Tuesday, June 10, 2014, 00:21

China's central bank today announced details of a plan that reduces the amount of money rural banks must keep in reserve, a move aimed at stimulating the economy amid slowing growth.

RBI simplifies KYC norms for opening of bank accounts

Last Updated: Monday, June 09, 2014, 18:50

A bank account can be opened with just one address proof, permanent or local, says an RBI decision that will help migrant workers and employees with transferable jobs who at present face cumbersome procedure to access banking services.