Mumbai: All banks, including private sector lenders, will remain open till 5 pm on Saturday for special clearings of government transactions for 2011-12. The Reserve Bank has directed private and public sector banks to remain open on March 31, 2012, with a view to facilitate accounting of all government transactions for the current financial year (2011-12). Banks have also been advised to ensure that the clearing houses under their jurisdiction...
09:37 PM, Mar 30, 2012
Mumbai: Moody's Investors Service has changed its outlook for India's banking system to "negative" from stable citing concerns of increasingly challenging operating environment that is likely to adversely hit asset quality, capitalisation, and profitability. "A "negative" outlook is one that is characterised by volatility and uncertain conditions," Moody's said in the statement on Wednesday. "With asset quality, given the tightening environment, we anticipate that it will deteriorate over the next...12:23 PM, Nov 09, 2011
The past three months have been tough for Indian banking. High interest rates and threats of a global recession have taken their toll on bank stocks. The NSE banking index fell 15 per cent compared with the Niftys 11 per cent slide in the past three months. Indian banks, ironically, have never been in a better state of health in the past 10 years. A recent study by Boston Consulting...11:42 AM, Oct 05, 2011
India's largest private sector bank hurt by bad debts and slowing loan growth. ...04:11 PM, Apr 25, 2009
Over the next five years, govt will spend Rs 4000 crore on the new edu scheme. ...08:13 AM, Sep 11, 2008
Indian Bank raises lending rates to 14 per cent, effective from Monday. ...03:17 PM, Aug 12, 2008
The FM is concerned about reach of banking to rural areas and is encouraging farmers to use banking facilities. ...08:35 PM, Mar 19, 2007
PSU bank employees have threatened to strike work from March 28 to 30, stopping the fiscal machinery for 5 days. ...08:01 PM, Mar 18, 2007
State-owned Indian Bank is likely to come out with an IPO of 8.9 crore shares in January 2007. ...04:45 PM, Oct 16, 2006
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