India banking

'Reforms to boost growth; banking risks constraint rating'

'Reforms to boost growth; banking risks constraint rating'

Moody's Investors Service on Tuesday said the reforms undertaken by the government will help boost investor confidence and bolster growth potential, but cautioned muted private investment and banking sector risks will remain a constraint on India's sovereign rating.

Sep 20, 2016, 12:31 PM IST

Too much regulation may lead to danger of shadow banking: RBI

Warning against excessive banking regulation, RBI Governor Raghuram Rajan today said this may lead to activities shifting to shadow financial system and admitted to the lack of "know-how" for such businesses.

May 07, 2016, 21:37 PM IST

India's push to offer banking for all stumbles on empty accounts

More than half of a record 160 million accounts opened in India as part of a drive to offer banking to all are still empty.

Jun 12, 2015, 09:31 AM IST

RBI moves to restrict bank exposure to corporate loans

The RBI requested feedback on its proposals by April 30.

Mar 28, 2015, 12:46 PM IST

Govt wants banks to cut rates; lenders seek further RBI easing

Government is believed to have asked public sector banks on Wednesday to consider lowering their interest rates, even as some lenders want further signals on RBI's monetary policy before passing on the benefits to their retail and corporate borrowers.

Mar 11, 2015, 20:47 PM IST

FM to banks: Take commercial decision without fear or favour

Promising financial autonomy to PSU banks, Finance Minister Arun Jaitley on Wednesday asked heads of public sector lenders to take commercial decisions without fear or favour.

Mar 11, 2015, 19:11 PM IST

Bank credit off-take slows in October

Credit flow to the commercial sector has come down from 14.2 percent in April to 11.1 percent in October on account of weak demand for banking funds.

Dec 16, 2014, 15:42 PM IST

Full financial inclusion can boost GDP by 0.9%, says report

The commentary comes days ahead of the announcement of a comprehensive financial inclusion plan scheduled to be made by Prime Minister Narendra Modi on August 15.

Aug 12, 2014, 21:22 PM IST

RBI's fresh norms on new bank licences in next 4 months

RBI Governor Raghuram Rajan had said it is committed to freeing entry in banking.

May 29, 2014, 20:59 PM IST

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

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.

Apr 04, 2014, 20:19 PM IST

RBI pressures banks to trade bond futures

Determined to turn its third attempt at launching bond futures into a success, the Reserve Bank of India (RBI) is pressuring state-owned banks to trade the derivatives that provide hedges against the country`s volatile interest rates, banking sources told Reuters.

Feb 13, 2014, 14:53 PM IST

Bank accounts for all adults by 2016 very much possible: Mor

The target of having a bank account for all adults in India by 2016 is not too ambitious and can be achieved with progress made in Aadhaar number rollout, said Nachiket Mor, who headed the RBI panel on financial inclusion.

Jan 10, 2014, 21:06 PM IST

Future Generali eyes higher rural biz from sales tie-ups

Private sector general insurer Future Generali India Insurance is eyeing higher penetration into rural markets for which it is tying up with co-operative banks to increase its reach, a top company official has said.

Oct 02, 2013, 18:41 PM IST

Banks to bear card fraud cost in absence of security features

Refusing to give further extension to banks for complying with security norms, the RBI today said that banks will have to bear the cost of fraudulent card transaction through point of sales that do not have prescribed security features.

Sep 27, 2013, 18:45 PM IST

RBI to create central repository on large credits

Reserve Bank has decided to create a central repository on large borrowers-- both individuals and entities-- with exposure of more than Rs 10 crore to help banks deal with credit risks.

Sep 12, 2013, 16:19 PM IST

Indians happiest banking customers in APAC: Study

The report contains insights from 600 bank customers spread across Australia, China, India, Indonesia, Malaysia, New Zealand and Singapore.

Sep 11, 2013, 15:39 PM IST

Barclays downgrades state-run financial shares

Barclays downgrades select state-owned banks and finance companies, citing a slowing economy and unpredictable monetary policy responses.

Aug 30, 2013, 11:48 AM IST

Equity mutual funds' banking sector exposure soars to 20.1%

The mutual fund industry is betting big on banking space with investments worth more than Rs 42,000 crore in bank stocks -- taking this sector's exposure to the highest level in more than three years.

Dec 25, 2012, 18:35 PM IST

Infosys plans to roll out Rs700-cr proj for India Post in 2yrs

IT major Infosys plans to roll out in about two years, its Rs 700-crore project that would help India Post transform its banking and insurance operations cross 150,000 post offices in the country.

Dec 06, 2012, 19:14 PM IST