Banks using RBI rate cuts to their advantage: Ind-Ra

Since January 2015, the RBI has cut policy rates by a cumulative 125 basis points (bps), while banks have cut one-year deposit rates by an average 130 bps and lending by 50 bps, which includes the base rate cuts in the last one week.


Bankers want Centre to pay DBT commission on time: Chanda Kochhar

Bankers on Monday urged Finance Minister Arun Jaitely to release on time the commissions paid to them for Direct Benefit Transfer (DBT) transactions.

Lower inflation ups bankers' hopes for more rate cuts by RBI

Bankers on Thursday said the sharp fall in inflation to 3.78 percent for July has raised hopes of another rate cut by the Reserve Bank at the September review of the policy.

Pressure rising on RBI to cut rate tomorrow

Most bankers and experts believe that the possibility of an interest rate cut by the Reserve Bank on August 4 is very low as retail inflation remains high.

Global equity market deals top $500 billion but banker fees fall

Money raised in global equity capital markets rose in the first half of the year to top USD 500 billion, but bankers` fees fell as secondary share sales supplanted lucrative stock market listings as the dominant deals.

Ahead of FM meet, Yes Bank feels scope of 0.25% rate cut

A day ahead of a meeting between Finance Minister Arun Jaitley and top bankers, private sector lender Yes Bank on Thursday joined its peers in promising to deliver a rate cut soon.

RBI may cut policy rate to spur investment: Bankers

Industry and bankers are hopeful of a rate cut as the government has also been able to rein in fiscal deficit within 4 per cent of GDP in 2014-15 providing room for easing of monetary policy.

Maharashtra finance minister meets bankers to promote PMSBY

Maharashtra Finance Minister Sudhir Mungantiwar Wednesday said that he had taken a review meeting of bankers last week to promote the 'Pradhan Mantri Bima Suraksha Yojana' (PMSBY) which will be launched by Prime Minister Narendra Modi on May 9 along with two other ambitious schemes.

Finance Ministry initiates process of identifying chairmen for PSU banks

The Finance Ministry has initiated the process of identifying persons like retired bureaucrats and bankers who could be appointed as non-executive chairmen of various public sector banks.

Don't outsource loan processing tasks: RBI to bankers

Concerned over the rising number of loan default cases, the Reserve Bank on Monday warned lenders against outsourcing their credit processing activities to third-party entities.

Bankers hint at lowering lending rates

After RBI's second surprise rate cut in as many months, bankers on Wednesday hinted at lowering lending rates, but stressed monetary policy gets transmitted with a lag.

China machinery firms turn bankers, tractor makers as wheezing economy hits profits

Chinese construction machinery makers are opening banks, designing tractors and abandoning core business deals in an effort to diversify and stay profitable as China`s sputtering economy brings a sustained downturn to a once-booming market.

HSBC gets summons from Indian Tax Dept; fears significant fines
HSBC gets summons from Indian Tax Dept; fears significant fines

The bank said it is being probed by tax authorities in many other countries as well with regard to alleged irregularities by its Swiss banking unit and there could be "significant" amounts of fines, penalties and/or forfeitures imposed on it.

HSBC condemns past practices as pressure grows over Swiss accounts
HSBC condemns past practices as pressure grows over Swiss accounts

HSBC has been in the spotlight after the media published allegations based on information supplied by Herve Falciani, a former employee of the bank.

HSBC Switzerland met clients in 25 countries: Reports
HSBC Switzerland met clients in 25 countries: Reports

The meetings occurred in places as diverse as luxury hotels in Paris and Tel Aviv, a piano bar in Antwerp, the airport in Pointe-Noire, Congo, and a summer residence in Copenhagen.

Rate cut to take some time, say bankers

Bankers on Tuesday ruled out an immediate cut in lending rates saying they will wait for the Budget, but termed the RBI policy review as growth-oriented as the reduction in SLR will release more funds into the system.

Bankers ask govt to desist from measures like farm debt waiver

Bankers Thursday asked government to desist from resorting to populist measures like farm debt waivers as it affects banks' profitability.

Stake sales in PSU banks only at appropriate valuation: Sinha

Government on Saturday made it clear that any decision to undertake a stake sale in public sector banks will be so for an "appropriate valuation".

Govt committed to fiscal consolidation: Sinha

Asserting the government is committed to fiscal consolidation, Minister of State for Finance Jayant Sinha on Saturday said the quality of figure was important and hinted at not resorting to massive expenditure cuts.

India needs reforms in banking sector, more autonomy for state banks: Arun Jaitley

India needs to "conceive" several reforms in the banking sector, Finance Minister Arun Jaitley told reporters on Saturday on the sidelines of a two-day banking retreat.