Archive for Banks
HDFC Bank Q1 net profit in line at Rs 2,700 cr; stock slips
MUMBAI: Shares of HDFC BankBSE % gave up intraday gains and slipped in the red even as the bank's first quarter results came in line with Street estimates. HDFC Bank…
Banks can factor export receivables to cheer cash flow: RBI
The Reserve Bank on Thursday allowed banks to factor export receivables on a non-recourse basis, so as to enable exporters to improve their cash flow and meet their working capital…
SBI MF reduces stake in McDowell Holdings by 3%
SBI Mutual Fund has cut its stake by 3 percent in Vijay Mallya-led McDowell Holdings to percent. SBI Mutual Fund, which had percent earlier, brought down its shareholding in the…
Bad loans almost half of PSU bank’s capital base: Fitch
MUMBAI: Bad loans will add up to almost half of the equity capital of public sector banks if even a fifth of the loans they have recently restructured continue to…
To print a Re 1 note, the govt has to spend Rs 1.14: RTI
MUMBAI: It costs the government Rs to print a Re 1 note, a right to information query has revealed. Interestingly, Re 1 notes were discontinued over two decades ago for…
RBI, govt in talks for recapitalisation of banks: Governor
For the current fiscal, the government has allocated Rs 7,940 crore in the Budget for capital infusion in state-owned banks The government and the central bank are in discussions over…
India Inc’s debt a burden for Reserve Bank of India
With inflation and fiscal deficit under control, bankers and industry leaders expect the Reserve Bank to lower its key policy rate tomorrow to support economic activity and boost investment. The…
HSBC manufacturing PMI shrinks in June, job strain stays
India's manufacturing sector eased in June due to weak growth in new business inflows as companies took a cautious line on hiring, an HSBC survey said on Wednesday. The HSBC…
How to identify and exchange pre-2005 currency notes?
"A majority of the old banknotes have been withdrawn through bank branches. It has, therefore, decided to withdraw the remaining old design notes from circulation. Not having currency notes in…
HSBC sees significant rise in corporate mobile banking
According to HSBC, corporates are increasingly using mobile banking, and it expects global payments through its mobile banking platform to touch US dollar 100 billion in the next 18 months.…
Hindi and Other Indian Languages can act as a bridge between Banker and Customer – Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
“Recently there have been many incidents where poor people were robbed of their money through Ponzi schemes. Very often people lose their lifetime earnings through these schemes. It is the…
YES BANK receives accolades at the NSDL Star Performer Awards
Mumbai, December 11, 2014: YES BANK, India’s fourth largest private sector Bank on the back of the rapid growth of its brokerage arm YES INVEST, was awarded the “Best Performer…