Archives for Banks - Page 3
India needs bold reforms to achieve true potential, says HSBC
NEW DELHI: India is in the midst of a gradual recovery and expected to clock a growth of per cent during the fiscal, but to meet its true potential, reforms,…
ICICI Bank launches in-store mobile-based payments with ‘mVisa’
ICICI Bank, India’s largest private sector bank, launched a service to enable customers to make electronic payments from their smartphones at physical stores, e-commerce and other deliveries at home, radio…
Yes Bank, Kotak Mahindra Cut Base Rate
New Delhi: Four public and private sector lenders - Allahabad Bank, State Bank of Bikaner & Jaipur (SBBJ), Yes Bank and Kotak Mahindra Bank - on Thursday announced a cut…
RBI rate cut to drive growth, banks must follow suit, says India Inc
India Inc on Tuesday said the Reserve Bank's move to cut interest rate by is "pro-growth" and exhorted banks to transmit the lower interest rate to borrowers to revive demand…
RBI gives just over Rs 7,278 crore to Central Bank of Sri Lanka
Sri Lanka Central Bank has received billion dollars from the Reserve Bank of India under the currency swap agreement between the two reserve banks. Consequent to the signing of a…
Yes Bank appoints two more executives from HDFC bank
Mumbai: Yes Bank Ltd, India’s fifth largest private sector bank by assets, has hired two executives from HDFC Bank Ltd as it seeks to expand its business by launching credit…
HDFC Bank Slashes Interest Rate, EMIs Set to Fall
In a huge relief for consumers, private lender HDFC Bank cut its base rate, or minimum lending rate, from per cent to per cent on Monday, Press Trust of India…
Property prices must fall: Rajan reads out riot act to real estate wallahs
Raghuram Rajan, the governor of the Reserve Bank of India (RBI), merely stated the obvious when he said today (20 August 2015): "It would be a "great help" if realty…
Difficult to give fresh loans to NPA accounts: SBI
MUMBAI: Country's largest lender State Bank of India on Thursday expressed concerns about giving fresh loans to accounts which have become non performing assets(NPA) and said the banks do not…
Deutsche Bank mulls sale of Indian retail business to rejig structure
Deutsche Bank is mulling selling its retail operations in the country as it undergoes a massive restructuring plan, a German daily has reported. Handelsblatt reported on Wednesday that Deutsche Bank's…
Devaluing currency a dangerous trend: RBI governor Raghuram Rajan
Reserve Bank of India governor Raghuram Rajan on Thursday cautioned against moves by different countries to depreciate their currencies, saying it was dangerous for the global economy. Speaking at a…
Bharti Airtel, Tech Mahindra Gain After Bagging Payment Bank Licence
Shares of Bharti Airtel and Tech Mahindra rose on Thursday after the companies bagged licences for payment banks. Leading mobile phone network operators Bharti Airtel, Vodafone India and IT services…