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ICICI to open branches in Australia, SA, Mauritius: Kochhar

Last Updated: Monday, June 30, 2014, 20:06

ICICI has the largest overseas network among Indian private sector banks.

'Asset quality risks from power sector weaknesses to continue'

Last Updated: Wednesday, June 18, 2014, 19:01

India's power sector will continue to be a source of asset quality risk for banks if the poor financial profiles of state electricity board distribution companies (discoms) do not improve through further structural reforms, Moody's Investors Service said.

Private banks at high risk of losing customers: IBM study

Last Updated: Thursday, March 13, 2014, 13:48

Private sector banks in India are at a greater risk of losing their customers on account of non-satisfactory services as compared to public sector banks, says a study by technology giant IBM.

No improvement likely on bad loan front; PSBs to blame: Icra

Last Updated: Thursday, March 06, 2014, 19:30

Icra said the RBI's proposed framework for the early detection of NPAs and better management of bad assets can be a positive for the sector.

Bank licences: Jalan panel submits recommendations to RBI

Last Updated: Tuesday, February 25, 2014, 17:45

The Bimal Jalan panel, which scrutinised applications for new bank licences, Tuesday submitted its report along with shortlisted entities to the Reserve Bank of India.

Public sector bank staff start two-day strike; operations hit

Last Updated: Monday, February 10, 2014, 12:50

Private sector banks such as ICICI Bank, HDFC Bank and Axis Bank were functioning normally because their staff are not on strike.

Foreign banks to gain from subsidiarisation route: Deloitte

Last Updated: Thursday, November 28, 2013, 18:16

The Reserve Bank guidelines for foreign banks to operate through wholly-owned subsidiaries in India is a step in the right direction as they play an important role in economic growth, a study said.

Bank Unions to observe one-day strike on Dec 19

Last Updated: Friday, November 22, 2013, 14:42

Pressing various demands, the United Forum of Bank Unions, representing employees of public and private sector banks, has decided to observe a one-day nationwide strike next month.

RBI expresses concern about capital base of state-run banks

Last Updated: Thursday, November 21, 2013, 20:09

The Reserve Bank on Thursday expressed concern over the deteriorating capital positions of public sector banks, though their capital adequacy remains above the statutory requirement.

RBI asks banks to fine-tune recovery, due diligence for NPAs

Last Updated: Thursday, November 21, 2013, 18:02

Gross NPAs as percent of gross advances for scheduled commercial banks stood at 3.6 percent as at March 2013 as against 3.1 percent previous fiscal, the RBI said.

Private equity moves to be Asia's new banker

Last Updated: Monday, August 05, 2013, 20:46

In three years, global private equity firm KKR & Co has provided over $1.5 billion in loans to companies in India, a business traditionally handled by state-owned and private sector banks.

Action will be taken against guilty in bank scam: FinMin

Last Updated: Friday, March 15, 2013, 17:31

The government has said action will be taken if any person is found guilty in the alleged money laundering scam involving three private sector banks which was exposed by a website.