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Worst behind banking industry on NPA front: Kochhar

Worst behind banking industry on NPA front: Kochhar

Last Updated: Sunday, July 13, 2014, 14:50

Reserve Bank Governor Raghuram Rajan had also said last week that the most immediate problem confronting the banking system was that of rising level of stressed assets.

ICICI to list insurance units when valuations optimum: Kochhar

ICICI to list insurance units when valuations optimum: Kochhar

Last Updated: Sunday, July 13, 2014, 11:55

"But the thing is that we do not really need capital, whether it is in the bank or in the insurance company," Kochhar said.

Tamil Nadu: Fire in old building housing SBI under control

Last Updated: Saturday, July 12, 2014, 19:50

A fire broke out this afternoon in the second floor of an old building here, which housed the State Bank of India, police said.

RBI Governor launches Indian Bank's mobile branches

Last Updated: Saturday, July 12, 2014, 17:18

As part of the urban financial inclusion initiative by public sector Indian Bank, two mobile branches with ATM facility was launched here by RBI Governor Raghuram G Rajan.

US stocks end week lower as market eyes earnings

US stocks end week lower as market eyes earnings

Last Updated: Saturday, July 12, 2014, 12:44

US stocks retreated this week following a light calendar of economic news punctuated by a brief mid-week swoon over troubles at a leading Portuguese bank.

Fed fears risks posed by exit tools; plan almost done

Fed fears risks posed by exit tools; plan almost done

Last Updated: Saturday, July 12, 2014, 12:01

U.S. Federal Reserve officials are cautiously nearing completion of a new plan for managing interest rates, concerned that some of the new tools they are likely to rely on could pose unintended risks in a crisis.

Albanian hacker pleads guilty in USD 14 mn global bank fraud

Last Updated: Saturday, July 12, 2014, 03:52

An Albanian hacker who was part of an international cyberattack conspiracy that stole USD 14 million from ATM machines all over the world has pleaded guilty in New York to bank fraud.

Johannesburg still in running for BRICS bank headquarters: Minister

Johannesburg still in running for BRICS bank headquarters: Minister

Last Updated: Saturday, July 12, 2014, 01:41

South Africa's financial capital Johannesburg is still in the running to be the headquarters of a new BRICS development bank and if designated it can be advantages for the African continent, a minister said on Friday.

BRICS bank to defy Western clout in global finances

Last Updated: Saturday, July 12, 2014, 00:07

Leaders of the BRICS emerging market nations meet next week to launch a development bank and emergency reserves fund, an ambitious challenge to Western-run multilaterals that have shaped global finances since the end of World War Two.

Number of EU banks down in 2013: ECB

Last Updated: Friday, July 11, 2014, 21:57

The number of domestic banks and credit institutions in Europe and the eurozone declined in 2013, confirming a downtrend seen for a number of years, new data showed on Friday.

Infosys seeks revival with more tech investments, staff

Last Updated: Friday, July 11, 2014, 18:30

India`s second largest IT services provider Infosys Ltd said on Friday it would boost investment in cloud computing, smartphone apps and other new technologies to win more high-margin outsourcing contracts.

RBI net buys $1.86bn in spot forex market for 2nd month in May

Last Updated: Friday, July 11, 2014, 16:41

The Reserve Bank became net purchaser of dollars for the second consecutive month in May this fiscal buying USD 1.786 billion from the spot market.