Global banking behemoths HSBC and Standard Chartered, whose employees were today accused of participating in money laundering in the latest sting operation by investigative website Cobrapost, have launched probes into the allegations.
HT reports.
The proposed all women’s bank, slated to be set up by this year, may not land up being a bank manned primarily by women staff or one having only female customers. The bank is likely to recruit eligible candidates in a gender-neutral manner and cater for all customers –men and women, sources said. Mahua Venkatesh reports.
The Reserve Bank of India kept interest rates unchanged on Monday after cutting them in each of its previous three policy reviews, warning of upward risks to inflation posed by a falling rupee and increases in food prices.
The Reserve Bank of India kept interest rates unchanged on Monday after cutting them in each of its previous three policy reviews, warning of upward risks to inflation posed by a falling rupee and increases in food prices.
Low-cost carrier AirAsia today announced industry leader Ratan Tata as chief advisor to the board of its Indian venture and promised 'Nano' airfares once it begins operating flights in the country.
A consumer forum has directed SBI Card and Payment Services Ltd to pay Rs. 12,000 as compensation to a customer for putting her name in CIBIL's defaulters list despite an assurance that the annual fees of her credit card would be free for lifetime.
State Bank of India has notched up nearly 60% rise in deposits so far this fiscal, partly due to the flight of savings from Ponzi and bogus schemes, many of which went belly up in recent months, bank chairman Pratip Chaudhuri said.
The first round of Kapoor vs Kapur seems to have gone to Rana Kapoor, the CEO and MD of Yes Bank. An overwhelming majority of the shareholders of the private lender have approved the appointment of three new directors nominated by Kapoor.
RBI will come out with a paper on the banking structure in the country discussing issues like consolidation even as it prepares to issue new bank licences after a decade.
Sometimes seemingly adverse incidents can be looked at as an opportunity, both for the individual investor as well as for the corporate sector. The recent order from the market regulator SEBI to have public shareholding at a minimum of 25% is a case in point. Manik Kumar Malakar reports.
The race to get private banking licences is going to be tough for the companies as the Reserve Bank of India (RBI) will be selective in issuing permits. HT reports.
The Reserve Bank of India will take a call on final guidelines for foreign banks' subsidiarisation after government resolves pending legal and taxation issues, which is expected in the next few months, governor D Subbarao said at a banking conference organised bythe Indian Merchants Chamber.
HT reports.
The next-gen banksTaking a strong position against companies which failed to achieve minimum 25% public holding, market regulator SEBI says it had sent as many as 191 reminders to these firms in the run-up to the deadline.
Private sector banks were able to manage bad loans or non-performing assets (NPAs) better than the public sector lenders in the previous financial year 2012-13. Does this mean that private banks are more efficient in credit and risk assessment? Sachin Kumar finds out.
Global credit rating agency Moody's today said it has placed some debt ratings of 11 banks, including SBI, ICICI, HDFC Bank and Axis Bank, under review because of the updating of its methodology.