India to tighten screws on banks' ''window dressing'' of accounts

Last Updated: Tuesday, June 9, 2015, 01:27

India`s government is set to overhaul annual targets for public sector lenders this month, ending a focus on size that has long encouraged banks to inflate their loans and deposits at the year-end to hit growth objectives.

This time, RBI may cut rate to spur investment: Bankers

Last Updated: Monday, June 1, 2015, 14:47

"We have surplus liquidity in the system as there has not been much credit offtake. So, repo window does not give banks any advantage as we don't borrow from banks at this point. So, the CRR window helps us bring down cost of funds. We expect and will request 0.5 percent cut in CRR, which would release about Rs 40,000 crore into the system," Bhasin added.

Banks' loans rose 10.2% year-on-year in two weeks to May 15: RBI

Last Updated: Friday, May 29, 2015, 17:45

Indian banks` loans rose 10.2 percent in the two weeks to May 15 from a year earlier, while deposits rose 11.9 percent.

IBA wants govt to lower rates on small savings scheme

Last Updated: Monday, May 25, 2015, 22:00

The Indian Banks Association (IBA) Monday said it has urged the Finance Ministry to bring down interest rates on small savings schemes such as the Sukanya Samridhi and National Savings Scheme.

Loan recovery eludes India's banks, even as growth rate beats China

Last Updated: Monday, May 25, 2015, 09:23

A recovery in India`s credit growth could elude the country`s banks until early 2016, despite an economy that in the first three months of this year is expected to have outpaced China.

IBA to sign wage revision pact with banks unions on Monday

Last Updated: Friday, May 22, 2015, 17:31

Bank unions will be formally signing the new wage revision agreement with the industry body Indian Banks Association (IBA) on Monday, one of the heads of the unions said today.

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.

ICICI Bank to expand China presence with Shanghai branch

Last Updated: Thursday, May 14, 2015, 13:05

The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi.

India's banks turn to consumer loans to counter corporate slowdown

Last Updated: Monday, April 20, 2015, 08:17

Meanwhile, retail borrowers have escaped largely unscathed, with income levels still growing, albeit at a slower pace, and no large-scale job losses.

Long holiday ahead; banks to remain closed for 6 days

Last Updated: Monday, March 23, 2015, 13:00

Banks will remain closed for the six days in most part of the country between March 28 and April 5, thanks to the coinciding dates of the list of holidays.

Improvement in banks' asset quality to take time: S&P

Last Updated: Wednesday, March 18, 2015, 15:39

Improvement in the asset quality of Indian banks and growth in credit offtake is likely to take more time as the problems in mining and infrastructure sector are yet to be resolved, global rating agency S&P said on Wednesday.