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.
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.
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.
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.
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.
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.
Last Updated: Friday, February 22, 2013, 21:17
Hailing the final norms for issue of licences to new banks in private sector, Assocham Friday said this will help in expanding the banking services.
Last Updated: Friday, February 22, 2013, 21:11
The Finance Ministry Friday said it hopes that the Reserve Bank will be able to issue licences for new private sector banks by the end of 2013-14 fiscal.
Last Updated: Friday, January 04, 2013, 17:57
The government will soon send its comments to the Reserve Bank on issuing new bank licences, Finance Minister P Chidambaram said on Friday.
Last Updated: Sunday, October 28, 2012, 15:16
Despite some small private sector banks opting out of the corporate debt restructuring (CDR) cell, experts are of the opinion that most lenders will continue to be part of this forum as a consortium approach gives a lot of comfort over taking an individualistic route.
Last Updated: Thursday, April 26, 2012, 21:17
The Union Cabinet on Thursday decided to retain the voting rights in the private sector banks at 10 percent and felt it could be raised progressively to 26 percent as suggested by the Standing Committee.
Last Updated: Friday, March 30, 2012, 12:59
Tamilnad Mercantile Bank (TMB) has been ranked as the best among old private sector banks.
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