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IBA issues advisory to banks on use of Windows XP

Last Updated: Monday, February 03, 2014, 23:59

Banking industry body Indian Banks Association (IBA) has issued an advisory to banks to ensure business continuity after Microsoft ends support for its popular Windows XP operating system on April 8, 2014.

Banking assets need to grow to Rs 288 trillion by 2020: RBI

Last Updated: Friday, November 22, 2013, 00:10

The Reserve Bank Thursday said the banking industry needs to grow to an estimated Rs 288 trillion (lakh crore) by 2020 from about Rs 115 trillion in 2012 to support the economic growth as envisaged in the 12th Plan.

Cost of banking clean-up hits Deutsche and UBS anew

Last Updated: Tuesday, October 29, 2013, 16:02

The cost of cleaning up the banking industry dominated third-quarter results from Deutsche Bank and UBS on Tuesday, with both banks taking unexpected hits for potential legal costs that overshadowed their day-to-day performance.

Chidambaram for merger of banks to create 2-3 global entities

Last Updated: Monday, May 20, 2013, 21:03

Finance Minister P Chidambaram Monday favoured mergers in the banking industry so that India can have two-three global sized banks.

Mauritius says its banking rules don't allow money laundering

Last Updated: Friday, May 17, 2013, 14:15

Dismissing the perception of Mauritius being a route for round-tripping and laundering of black money to and from India, the country's banking industry body says that the laws governing its banks are too stringent to be abused for illicit activities.

Jefferies says banks going nowhere

Last Updated: Monday, April 08, 2013, 20:17

Jefferies believes banks with strong branch expansion like HDFC Bank, ICICI, and Axis could face smaller problems.

Moody's keeps negative outlook for Spanish banks

Last Updated: Saturday, April 06, 2013, 12:42

International credit ratings agency Moody's has said it would keep a "negative" outlook on the Spanish banking industry.

RBI to meet banks shortly to discuss bad loans

Last Updated: Friday, February 24, 2012, 11:55

The Reserve Bank of India will meet banks on February 29 or March1 to discuss the bad loans situation in the banking industry, Deputy Governor K.C. Chakrabarty said on Friday.