Indian Banks

  • Bank unions threaten to go on two-day strike from February 10 27-01-2014 06:22 PM

    Dissatisfied with the wage hike offer made by Indian Banks' Association (IBA), public sector lenders' employee unions on Monday threatened to go on a two-day strike from February 10. "In today's meeting, IBA improved their offer by meager 0.5 per cent to 10 per cent on pay slip cost. This...
  • Rupee closes flat; RBI rate decision key 25-10-2013 08:14 PM

    The rupee ended flat on Friday, but extended losses for a second week, as caution set in ahead of an expected interest rate hike by the central bank at its policy review next week. The Reserve Bank of India is widely expected to raise its key repo rate by 25...
  • Best Bankers' Awards: Celebrating excellence in banking sector 06-10-2013 05:01 PM

    Top bankers come together for Best Bankers' Awards to celebrate excellence in banking sector. ...
  • Ex-CMD of Indian Bank, 14 others get 1-year jail for illegally granting loans 07-09-2013 12:27 PM

    Former Indian Bank Chairman and Managing Director M Gopalakrishnan and six other former top bank officials were sentenced to one year rigorous imprisonment by a CBI court on Saturday in Chennai for allegedly causing a loss of Rs 31.75 crore by granting loans without proper security between 1992-96. Principal Judge...
  • RBI Governor meets Maha CM; Chavan seeks banking sector help 06-09-2013 01:39 PM

    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...
  • Money laundering investigation should be done by ED: Aniruddha Bahal 21-06-2013 06:02 PM

    Successive Cobrapost investigations has shown private and nationalised Indian banks as well as foreign banks flouting RBI rules and regulations. How can the banking industry be streamlined? Aniruddha Bahal, editor-in-chief of Cobrapost.com, joined IBNLive readers for an interaction on the matter. Q. At present all the know your customer is...
  • Aadhar will bring transparency in the banking sector: Latha Venketesh 20-06-2013 06:13 PM

    With successive Cobrapost sting operations revealing widespread violation of RBI guidelines and rules by state-owned banks, private Indian banks and even foreign banks, how can the system be streamlined so that the banks tow the line? CNBC-TV18's banking editor Latha Venkatesh joined IBNLive readers for an interaction on the issue....
  • BCCI-Nimbus row: Supreme Court orders banks to deposit Rs. 400 crores 15-04-2013 06:35 PM

    Delhi: The Supreme Court on Monday ordered three nationalised banks associated with Nimbus Communications and the BCCI to deposit within 15 days the sum of Rs 400 crore after the Indian cricket board had filed an Special Leave Petition (SLP) regarding the scrapping of the broadcast deal with Nimbus citing...
  • Moody's downgrades Indian banking system 09-11-2011 12:23 PM

    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...
  • Indian banks healthy but stress signals showing 05-10-2011 11:42 AM

    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,...
  • FM urges rural India to be bank-savvy 19-03-2007 08:35 PM

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  • Bank strike looms large over month-end 18-03-2007 08:01 PM

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  • Indian Bank mulls IPO early next year 16-10-2006 04:45 PM

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