JPMorgan Chase to cut 5,000 jobs: Sources

Last Updated: Friday, May 29, 2015, 10:26

About $2 billion of that is to come from cost-cutting in retail banking, with the bank planning to close 300 of its 5,570 branches by the end of 2016.

Re-capitalise state banks for economic prosperity: Expert

Last Updated: Wednesday, May 27, 2015, 15:19

India needs to privatise and change the character of its state-owned banks which have massive bad loans that have become a drag on economic growth, a leading financial expert said here.

Banking sector likely to witness up to 25% increase in hiring

Last Updated: Sunday, May 24, 2015, 11:12

There will be a significant increase in the salary at mid and senior levels, with most of the companies expanding their portfolio in the sector to retain the talent and compensation and increment rate can go anywhere between 10-15% for top performers.

RBI, Central Bank of Seychelles sign MoU on information exchange

Last Updated: Thursday, May 21, 2015, 20:25

The Reserve Bank has entered into an MoU with the Central Bank of Seychelles (CBS) on exchange of information and mutual assistance in the banking sector supervision.

Banking, securities cos' IT spends to rise 15% to Rs 53,600 cr

Last Updated: Tuesday, May 19, 2015, 17:12

IT spends by domestic banking and securities companies may grow by 15 percent to Rs 53,600 crore this year and rise further on expectations of more companies using RBI's 'on-tap' bank licensing, global technology consultancy Gartner said Tuesday.

IDBI to launch e-huts across India

Last Updated: Tuesday, May 19, 2015, 14:49

The e-hut concept will be completely unmanned units... To help the customer understand technology.

Enough space for China banks to complement India story: Kochhar

Last Updated: Sunday, May 17, 2015, 16:46

ICICI shares are listed in India on BSE and NSE, while its American Depositary Receipts are listed on the NYSE.

ICRA expects NPAs to cross 5% in FY16

Last Updated: Wednesday, May 13, 2015, 18:16

ICRA expects economic growth to improve modestly to 7.6-7.8% in 2015-16 from 7.3% in 2014-15.

Bank of Baroda net plunges 48% on provisioning; stock up 17% on asset quality

Last Updated: Monday, May 11, 2015, 19:08

The scrip rallied a massive 16.9 percent to Rs 169.65 on the BSE which jumped 1.5 percent to 27,507.30.

Bank of Baroda's bad-loan ratio drops, boosting shares

Last Updated: Monday, May 11, 2015, 16:56

Shares in the Mumbai-based bank rose as much as 17.8% and were headed for their biggest daily gain since May 2004.

China cuts interest rates for 3rd time in six months to revive economy

Last Updated: Sunday, May 10, 2015, 15:11

China cut interest rates for the third time in six months on Sunday in a bid to lower companies` borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century.