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 respondents from India said they would provide more personal information to simplify management of finances compared to 56 per cent participants agreeing globally.
The study, conducted in early 2013, aimed at finding out how and when consumers want to engage with their banks across multiple channels for activities ranging from account monitoring to acquiring financial advice.
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11:23 AM, May 19, 2013
London: HSBC will redouble cost-cutting 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. London-headquartered HSBC is seeking up to $3 billion in additional annual savings by 2016, on top of $4 billion already achieved, but sluggish growth outside Asia, particularly in Europe, means its target to get costs below 52 per cent...
08:10 PM, May 15, 2013
Washington: The California-based subsidiary of State Bank of India (SBI) has agreed to take a series of steps to improve its banking practices related to bad loans following a review by US regulators. The largest Indian bank consented March 6, 2013 to the orders of the federal and state regulators "without admitting or denying any charges of unsafe or unsound banking practices relating to the June 18, 2012, examination". The...
04:28 AM, May 09, 2013
Mumbai: The Reserve Bank of India may sweeten its expected 25 basis point interest rate cut on Friday with a similar reduction in the cash reserve ratio to ease tight market liquidity conditions as increasingly benign inflation gives it room to manoeuvre. A slowdown in inflation, economic growth languishing at a decade-low 5 per cent and expectations of a lower current account deficit thanks to cooling global commodity prices have...
06:01 AM, May 02, 2013
Mumbai: State Bank of India plans to raise $500-$600 million worth of offshore external commercial borrowings in three to four months time, a senior executive said on Tuesday. India's largest lender priced a five-year, $1 billion bond issue with a coupon of 3.25 per cent last week, generating interest of more than four times the bond size, said Hemant Contractor, managing director of international business. ...
01:35 AM, Apr 17, 2013
Russian President Vladimir Putin has signed a law banning foreign banks from opening branches in the country, the government website said. The bill was adopted by the State Duma Februsry 22, 2013, and approved by the Federation Council March 6, 2013. ...
04:30 AM, Mar 16, 2013
India with its robust legal structure, banking system and skilled manpower is the new economic icon of emerging powers and is sure to be on track again for 7 per cent growth, External Affairs Minister Salman Khurshid said on Sunday. ...
03:13 AM, Mar 11, 2013
Is the Income Tax surcharge on the super-rich the right way? Meera Sanyal, Country Executive India, Royal Bank of Scotland Group (RBS Group), joined IBNLive readers for an interaction on the issue. ...
06:10 PM, Mar 01, 2013
How will Budget 2013 impact you? Senior journalist Vivian Fernandes shared his perspective in an interaction with IBNLive readers. ...
06:22 PM, Feb 28, 2013
CNBC-TV18 Banking Editor Latha Venkatesh joined IBNLive readers for an interaction on the bigger implications of Budget 2013 for the Indian economy. ...
06:10 PM, Feb 28, 2013
The two-day nationwide strike called by 11 Central trade unions had no major impact in most parts of Karnataka on Thursday. Though banking services were hit, many buses, taxis and autos plied and shops and hotels remained opened in Bangalore. However, schools and colleges were closed. ...
10:59 AM, Feb 21, 2013
Normal banking operations were hit for the second day today as public sector bank employees continued their strike. The two-day nationwide strike call, demanding early wage revision among other issues, was given by United Forum of Bank Unions (UFBU) that comprises nine national unions. ...
10:44 AM, Feb 21, 2013
It is the second day of the two-day nationwide strike called by trade unions in support of their various demands including urgent steps to control price rise, strict enforcement of labour laws in all places of work, social security net for workers in the unorganised sector, end to disinvestment in PSUs. More than 70 people have been arrested in Noida and 64 FIRs registered after the violence on Wednesday. ...
08:54 AM, Feb 21, 2013
It is the second day of the two-day nationwide strike called by trade unions and the Bharat bandh is expected to make no effect in West Bengal as Left parties have decided to stay away from the strike on Thursday. But companies like Maruti and Hero have declared a holiday on Thursday following the strike call. ...
08:09 AM, Feb 21, 2013
Uttar Pradesh government on Wednesday set up a two-member inquiry committee to probe the Noida violence, which broke out during the nationwide strike by trade unions, and submit its report in three days time. ...
05:26 AM, Feb 21, 2013
The TMC government had warned state employees with disciplinary action if they don't turn up. But economic activity in the state were brought to its knees as shops remained closed. ...
11:31 PM, Feb 20, 2013
Production at leading automobile companies in the Gurgaon-Manesar belt, including Maruti Suzuki, Hero MotoCorp and Suzuki Motorcycle India, will be hit on Thursday. ...
05:25 PM, Feb 20, 2013
Normal life was paralysed in Bihar on Tuesday, the first day of the two-day strike called by the central trade unions, official sources said. The market and business establishments remained shut at many places in Bihar even as the bandh supporters were seen forcing the traders to down shutters of their shops, they said. ...
04:00 PM, Feb 20, 2013
The strike call given by 11 trade unions country wide had partial impact in Tamil Nadu as a majority of shops remained open and transport services plied normally. However, banking services were hit hard as most public and private sector banks remained closed. ...
01:59 PM, Feb 20, 2013
The strike call by Central trade unions hit normal life in Gujarat on Wednesday as workers from varied sectors, including transport and banking, refrained from work, to register protest against government's economic and labour policies. ...
01:45 PM, Feb 20, 2013
