BANKING SECTOR

  • Emerging careers in banking, insurance sector October 13, 2013

    Even though there has been a downfall in the economy, banking and insurance sectors continue to provide career opportunities. The need is just to understand them. ...
  • Best Bankers' Awards: Celebrating excellence in banking sector October 6, 2013

    Top bankers come together for Best Bankers' Awards to celebrate excellence in banking sector. ...
  • RBI Governor meets Maha CM; Chavan seeks banking sector help September 6, 2013

    Mumbai: Maharashtra Chief Minister Prithviraj Chavan Friday said banking sector should come forward to strengthen the cooperative sector in the state. Chavan said this during a meeting with the new RBI Governor Raghuram Rajan, a spokesperson for the Chief Minister said. Considering the economic downturn, the banking sector should help strengthen the...
  • 'Indians more willing to share personal info than others' May 19, 2013

    Mumbai: Even as cases of financial fraud are dotting cyber space across the world, Indians seem more forthcoming in giving out their personal information for personalised services and simplification of finance management than their global counterparts, a study by Cisco has said. According to the Cisco report, 72 per cent of...
  • HSBC may cut 14,000 more jobs as revenue faces pressure May 15, 2013

    London: HSBC will redouble costcutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. Londonheadquartered HSBC is seeking up to $3 billion in additional annual savings by 2016, on top of $4 billion...
  • Public sector banks to hire 63,200 people this year: FM November 15, 2012

    New Delhi: India's public sector banks will hire 63,200 people in the current financial year, nearly a third of which will be by the State Bank of India, Finance Minister P Chidambaram said on Thursday. "There is huge job opportunities for young men and women in banks... public sector banks will...
  • Anil Ambani mulls setting up 'Reliance Bank' September 27, 2011

    Mumbai: Industrialist Anil Ambani on Tuesday said that his group's financial services arm Reliance Capital would explore all possible opportunities to enter the banking sector and plans to unlock value in all its major businesses. The banking entity of the group could be called Reliance Bank, Ambani told the shareholders of...
  • RBI sets new guidelines for setting up a bank August 29, 2011

    Mumbai: The Reserve Bank of India (RBI) on Monday unveiled the draft guidelines on new banking licences, pegging the minimum required capital to set up a bank by a corporate at Rs 500 crore while limiting the foreign shareholding at 49 per cent. "The minimum capital requirement will be Rs 500...
  • Bankers welcome Budget, hail taxation proposal July 6, 2009

    New Delhi: Leading bankers on Monday welcomed the Budget for 200910 and have said that with a lot of tax rates left unchanged, there will be more money in the hands of the common man. Finance Minister Pranab Mukherjee presented the Budget on Monday and left...
  • Metlife to milk recession, plans massive expansion November 17, 2008

    New Delhi: Private insurance major Metlife has announced big plans in India. Metlife plans to hire over 2,000 people and double the number of its branches. The company also plans to increase the number of its financial advisers from 30,000 to 60,000 keeping in lieu with its plans. Managing Director of...
  • SBI to hire 20,000 people | Metlife plans expansion November 17, 2008

    New Delhi: Amid global banks adopting costcutting measures by handing out pink slips, the country's largest lender State Bank of India (SBI) is going against the tide with its plans to recruit about 20,000 people in the current fiscal. Talking to mediapersons in New Delhi on Thursday, SBI Chairman OP Bhatt...
  • Post trust vote, Govt puts reforms on fasttrack July 23, 2008

    New Delhi: With the UPA Government surviving a trust vote without the support of reformswary Left parties, Finance Minister P Chidambaram today said focus would now be on greater economic liberalisation, including relaxing FDI limit in sectors like insurance. "On Tuesday, Prime Minister Manmohan Singh wanted to make a point on...
  • 'Banking sector drives India's economy' January 30, 2007

    New Delhi: Though New Delhi is still to fully open the sector to foreign financial institutions, Finance Minsiter P Chidambaram has described Indias banking sector as the driving force of economic reforms. "The success of the economic reforms is there for all to see and the driving force of the economic...