BANKING SECTOR

  • Union Budget 2015: FM must set realistic revenue, spend targets, says Religare February 25, 2015

    Brokerage house Religare expects the government to continue on the path of fiscal consolidation in the upcoming Budget. But it has cautioned that unlike in the past, revenue and expenditure targets need to be realistically framed. Also, a credible fiscal consolidation strategy over the medium-term is highly anticipated and required,...
  • Union Budget 2015: Brokers demand lower taxes to boost investor participation February 24, 2015

    Rise in stock markets invariably is accompanied by spurt in volumes. However it can further go up, if the investors and traders are offered lower transaction charges. Transaction charges do account for taxes which are levied on the transactions. No wonder, brokers are vocal about cutting down the transaction charges...
  • Over 56 per cent polled expects a radical Budget, says Grant Thornton February 24, 2015

    It's less than six days to go for the Union Budget and expectations are running high. In an interview to CNBC-TV18, Pallavi Bakhru, director, Grant Thornton, said the euphoria quotient has never been higher. Discussing the firm's pre-Budget poll on India Inc's expectations from Finance Minister Arun Jaitley, Bakhru said...
  • Union Budget 2015: Time to gear up tax regime for outbound investments, says EY February 24, 2015

    With the changing landscape of Indian businesses, we are witnessing a significant and rapid geographical shift in doing business. Recent times have seen the Indian multinationals regularly flexing their muscle abroad. Not only has the last few years seen established Indian business houses making significant outbound investments into capital intensive...
  • Union Budget 2015: Government may pursue spending to push economic growth, says Aditya Birla Money February 24, 2015

    The annual budget will be presented on 28th February, 2015 and there is an air of expectation which has built up around it. This is Modi government's first full budget and hence a lot of emphasis is going to be placed on the government's flagship promises since 2014 (Swachh Bharat,...
  • Analysts see Budget meeting fiscal numbers February 24, 2015

    Mumbai: As the BJP-led ruling coalition at the Centre gets ready to present its first full-fledged Budget, analysts said the government is most likely to meet its ambitious 4.1 per cent fiscal deficit target, helped by lower oil prices. They also expect Finance Minister Arun Jaitley to stick to the...
  • Brokerages expect Budget to stay firm on fiscal consolidation February 24, 2015

    New Delhi: Expecting the upcoming Budget to stay firm on the fiscal consolidation roadmap, brokerage firms believe that higher allocation can be made for capital expenditure amid a sharp decline in oil subsidy bill. "We expect the government to continue on path of fiscal consolidation, budgeting for fiscal deficit of...
  • Sensex, Nifty end flat; FMCG & cap goods up, oil, banks dip February 24, 2015

    Mumbai: Equity benchmarks closed second session of the Budget week on a flat note on Tuesday as investors preferred to stay on the sidelines till the Budget gets announced (on Saturday). The consolidation in market was also ahead of expiry of February derivative contracts and Railway Budget that both will...
  • Market to remain jittery till Budget, like private banks: Quantum February 23, 2015

    Mumbai: The market tumbled on first day of crucial Budget week. The Sensex slumped 256 points to close at 28975, and the Nifty slipped 79 points to close at 8755. Speaking to CNBC-TV18, Neeraj Deewan of Quantum Securities said market volatility is likely to continue. Market is getting jittery ahead...
  • Stock market to remain volatile ahead of F&O expiry, Budget February 23, 2015

    New Delhi: Stock market is expected to remain volatile during the week due to key events such as presentation of economic survey and General Budget, and expiry of derivative contracts, say experts. The pre-budget expectations will start building up and corresponding sectors may see increased...
  • Budget 2015: Muthoot Group chairman expects measures for reinstating gold loan under priority sector February 21, 2015

    New Delhi: The upcoming Union Budget is very crucial in terms of bringing the Indian economy back on growth track; curb the fiscal deficit and creating an investment friendly environment. Many industrialists are having high hopes from the Modi budget which will be presented in the parliament on February 28. Muthoot Group...
  • 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...