Banks ask RBI to reduce asset risk weights to global levels

Last Updated: Thursday, August 13, 2015, 19:56

Lenders have asked the Reserve Bank to reduce the risk weights on assets while allocating capital down to being at par with the global level, a top banker said Thursday.

Lower inflation ups bankers' hopes for more rate cuts by RBI

Last Updated: Thursday, August 13, 2015, 18:47

Bankers on Thursday said the sharp fall in inflation to 3.78 percent for July has raised hopes of another rate cut by the Reserve Bank at the September review of the policy.

Indian funds as good as foreign peers, need scale: UTI chief

Last Updated: Sunday, August 9, 2015, 17:26

Stating that Indian mutual fund industry has potential to grow as much as 100 times of its current size of about Rs 13 lakh crore, Puri said, "Indian fund managers are not very large, but they have been quite successful stock pickers."

UTI MF crosses Rs 1-trillion mark; eyes leadership slots

Last Updated: Sunday, August 2, 2015, 16:54

UTI Mutual Fund, the country's oldest fund house, has attained an asset base of over Rs one lakh crore with about one crore investor accounts and is now targetting leadership positions across various segments.

UTI truly independent, IPO to strengthen this character: Puri

Last Updated: Tuesday, July 28, 2015, 13:16

The country's oldest fund house, which manages assets worth over USD 15 billion, is planning to launch an Initial Public Offer (IPO) and would be the country's first asset management company to go public.

Ambani gets 205-times of median pay; ITC's Deveshwar 439-times

Last Updated: Sunday, July 5, 2015, 17:09

Billionaire industrialist and India's richest Mukesh Ambani has not taken a pay hike for seven years, but his salary is over 205-times that of the median employee remuneration at Reliance Industries Ltd (RIL).

Unnecessary negativism around Indian economy: Aditya Puri

Last Updated: Sunday, June 14, 2015, 17:17

There is "unnecessary negativism" surrounding the Indian economy and the government needs to be given chance to carry out its work as recovery is underway, senior banker Aditya Puri has said.

Banks may further reduce interest rates by end of week: HDFC

Last Updated: Wednesday, June 10, 2015, 21:34

Hinting at another round of interest rate cuts, private sector lender HDFC Bank's Managing Director Aditya Puri Wednesday said most banks will cut their lending rates by the end of the week.

HDFC Bank launches aggregator app for all types of payments

Last Updated: Wednesday, June 10, 2015, 21:29

The second largest private sector lender HDFC Bank Wednesday claimed to have done a global first by launching a mobile phone application that will aggregate merchants' applications and allow users to transfer funds, shop, pay utility bills, book tickets and recharge phones.

HDFC Bank launches aggregator app for all types of payments

Last Updated: Wednesday, June 10, 2015, 20:52

Unlike prepaid wallets launched by its competition or non-bank companies, a customer's debit or credit card will be connected to the application and multiple transactions can be carried out on the same.

Merger with HDFC makes sense but no proposal on table: Puri

Last Updated: Sunday, December 14, 2014, 13:03

Currently, HDFC Bank is the second largest lender in the private sector, although it ranks on the top in terms of market valuation ahead of its competitor ICICI Bank.

HDFC Bank to cut lending rate by March: Aditya Puri

Last Updated: Friday, December 5, 2014, 13:58

Once the cost of deposits come down, following the cut in short-term deposits of up to one year maturities, the bank will pass on the benefit to borrowers.