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
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
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
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