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Online shoppers population to touch 38 mn by 2015

Last Updated: Sunday, April 13, 2014, 15:55

According to the study, the number of online shoppers in the country is likely to reach 38 million by 2015.

JPMorgan profit weaker than expected as trading revenue falls

Last Updated: Saturday, April 12, 2014, 10:01

Overall, net income fell 19 percent to $5.27 billion, or $1.28 per share, from $6.53 billion, or $1.59 per share, in the same quarter of 2013, the biggest U.S. bank said on Friday.

JPMorgan earnings fall 19% on lower mortgage income

Last Updated: Friday, April 11, 2014, 18:07

JPMorgan Chase Friday reported lower earnings due to a drop in its mortgage business as the US banking giant seeks to turn the corner after costly legal settlements.

MCX Stock Exchange launches bank index SXBANK

Last Updated: Wednesday, April 09, 2014, 21:06

The MCX Stock Exchange (MCX-SX) Wednesday announced the launch of SXBANK, a new index to capture the performance of the banking sector.

Banking licence to IDFC may affect infrastructure sector: SBI

Last Updated: Saturday, April 05, 2014, 21:51

The State Bank of India (SBI) on Saturday welcomed competition in the banking sector but apprehended that IDFC's entry into banking may impact the infrastructure sector.

Shame many don't have bank A/c; KYC norms need a relook: Rajan

Last Updated: Friday, April 04, 2014, 20:19

Reserve Bank Governor Raghuram Rajan on Friday said it is shameful that so many people in India don't have access to banking, and emphasised the need to make KYC norms less bureaucratic.

Balance-sheet growth not focus at start of bank ops: IDFC

Last Updated: Friday, April 04, 2014, 17:24

IDFC and Kolkata-based microfinance player Bandhan are the only entities which were given an "in-principle" approval by RBI for banking licences on Wednesday.

India's newest banks plot divergent growth strategies

Last Updated: Thursday, April 03, 2014, 23:25

India`s two newest would-be banks, Infrastructure Development Finance Co (IDFC) and Bandhan Financial Services Ltd, are planning divergent paths in an industry that is crowded with lenders but still fails to reach roughly half the population.

No change in IDFC rating at present: S&P

Last Updated: Thursday, April 03, 2014, 22:39

Credit rating agency Standard & Poor's on Thursday said rating on IDFC is not immediately affected by its getting licence to make a foray into commercial banking but warned of short-term challenges and dip in its profitability.

IDFC shares fall over 2% on profit-booking

Last Updated: Thursday, April 03, 2014, 17:52

Shares of infrastructure financing firm IDFC on Thursday pared early gains, falling over 2 percent on profit-booking in-line with a weak stock market, even as the Reserve Bank granted in-principle approval to the company to set up a new bank.

Analysts welcome bank licences for Bandhan, IDFC

Last Updated: Thursday, April 03, 2014, 00:18

"This is an excellent decision though we could have seen one or two more, but this an excellent beginning," said Ashvin Parekh, promoter of Ashvin Parekh Advisory Services, talking to PTI over phone from Singapore.

IDFC, Bandhan get bank licences, coprorate houses left out

Last Updated: Wednesday, April 02, 2014, 19:34

The bank licences were awarded a day after the Election Commission granted approval to the RBI to go ahead with the process.