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New banks to increase inclusion, create new jobs: Survey

Last Updated: Thursday, July 04, 2013, 14:06

The Reserve Bank's decision to allow new players in the banking sector would result into improvement in efficiency, increase in capital base to meet the credit needs of the economy and generate huge employment opportunities, says a survey by industry chamber Ficci.

EU faces tough talks on bank sector reform, bailouts

Last Updated: Thursday, June 20, 2013, 10:17

Eurozone finance ministers meet Thursday amid sharp differences over banking sector reforms -- trying to resolve whether taxpayers or creditors pay for future bailouts.

Govt to open 7,000 new bank branches every year: Chidambaram

Last Updated: Monday, April 29, 2013, 16:11

He said that he expected that by the end of March 2014, all banks in the country would have an ATM facility.

Rising demand for new bank branches: Chidambaram

Last Updated: Friday, March 29, 2013, 13:35

Finance Minister P Chidambaram on Friday said there was a rising demand for opening bank branches and expressed confidence the bankers would respond positively to it.

Financial sector crippled as shutdown starts in Mumbai

Last Updated: Wednesday, February 20, 2013, 11:43

India`s financial sector was crippled on Wednesday as all banks, insurance companies and commercial establishments in Mumbai remained shut.

Yes Bank eyes acquisitions for business expansion

Last Updated: Wednesday, January 30, 2013, 14:16

Looking to expand its business and grow its financial metrics going forward, new-generation private sector banking major Yes Bank has said it is open to possible acquisitions in banking, broking and asset management businesses, even as its organic growth plans are sufficient to meet its near-term targets.

IMF cautions on allowing biz houses into banking space

Last Updated: Thursday, January 17, 2013, 16:13

At a time when Indian corporates are keenly awaiting final guidelines for their entry into commercial banking, multilateral agency IMF has cautioned that risks related to allowing industrial houses to promote or own banks might "outweigh" the benefits.

Bankers seek slew of tax incentives in next Budget

Last Updated: Tuesday, January 08, 2013, 23:01

Bankers have demanded tax sops like increasing the TDS limit on fixed deposit to Rs 25,000, incentives for investment in infrastructure bonds and a reduction in the lock-in period for tax saving deposits to three years.

Bankers seek slew of tax incentives in next Budget

Last Updated: Monday, January 07, 2013, 20:23

Bankers Monday demanded tax sops like increasing the TDS limit on fixed deposit to Rs 25,000, incentives for investment in infrastructure bonds and a reduction in the lock-in period for tax saving deposits to three years.

Banks will be encouraged to lend to telecom sector: FM

Last Updated: Thursday, November 15, 2012, 20:31

Finance Minister P Chidambaram on Thursday said public sector banks will be encouraged to lend to the telecom sector as it has huge market potential.

Move regulators on misconduct by professionals: FinMin to banks

Last Updated: Monday, August 20, 2012, 18:55

The Finance Ministry has asked state-owned banks and insurance companies to take up the issue of misconduct by professionals like advocates and chartered accountants with their regulating bodies like ICAI.

Innovative delivery model to drive banking sector growth: PwC

Last Updated: Thursday, June 28, 2012, 23:04

Innovative service delivery models, including mobile banking and ATMs, and the ability to satisfy customers will drive the growth of banking sector in coming days, says a report.