Draft base rate guidelines credit negative for banks: Moody's

Last Updated: Monday, September 7, 2015, 22:17

International rating agency Moody's Monday said the Reserve Bank's draft guidelines for base rate computation are credit negative for banks as they will reduce their loan-pricing flexibility.

'RBI has less stringent norms on systemically important banks'

Last Updated: Monday, September 7, 2015, 15:52

RBI has recently identified the state-owned SBI and private lender ICICI Bank as D-SIBs and subjected them to higher levels of supervision to prevent disruption to financial services in the event of any failure.

Yes Bank to enter credit cards, hires Prabhu to lead division

Last Updated: Tuesday, September 1, 2015, 15:43

"Credit cards are being launched in Q1 of FY17 to fully complete the retail banking product suite," the bank said in a statement.

'Weak sales, stagnant prices pose challenge for realty companies'

Last Updated: Tuesday, September 1, 2015, 10:37

Developers will not reduce price to boost sales, rather will continue with their strategy to reduce apartment size and offer freebies, Moody's Investors Service said.

RBI official asks banks not to use govt capital to clean books

Last Updated: Monday, August 31, 2015, 19:04

A senior Reserve Bank official Wednesday said state-run lenders should use the capital received from the government to grow their credit books rather than clear their large pile of bad assets.

Payments banks Rs 14 lakh cr bonanza for infra sector

Last Updated: Sunday, August 30, 2015, 11:38

Payments banks can annually free up a whopping Rs 14 trillion in incremental credit for the fund-starved infrastructure sector, says a SBI Research report.

Bank credit decelerates to 8.6% in Apr-Jun quarter

Last Updated: Friday, August 28, 2015, 22:25

Scheduled commercial banks' credit growth slowed to 8.6 percent in quarter ended June against the 12.9 percent in the same period last year, the RBI data showed.

RBI extends deadline for banks to issue chip, PIN-based cards

Last Updated: Thursday, August 27, 2015, 23:08

The Reserve Bank on Thursday said it has extended the deadline for banks to issue chip-based and PIN enabled debit and credit cards.

Moody's to govt: Push reforms, stabilise inflation for upgrade

Last Updated: Tuesday, August 25, 2015, 17:51

Global agency Moody's on Tuesday said it will upgrade India's rating if the government is able to push through reforms, inflation stabilises, regulatory environment improves and infrastructure investment rises.

Capital infusion breather for PSU banks, but not enough: S&P

Last Updated: Wednesday, August 19, 2015, 15:38

Standard & Poor's on Wednesday said the government's plan to infuse capital into public sector banks is a "breather", but is unlikely to "fully resolve" their looming credit shortfall.

Moody's links India's credit rating to drought vulnerability

Last Updated: Tuesday, August 11, 2015, 18:25

India may avoid drought this year, but its economy remains vulnerable to fluctuations in annual rainfall, a factor that continues to constrain the country's sovereign credit, Moody's Investors Service said Tuesday.