Financial frauds lethal parasites to economy: Jayant Sinha

Last Updated: Friday, July 17, 2015, 19:26

Terming financial sector frauds as "lethal parasite" to the economy, Union Minister Jayant Sinha on Friday asked banks to fast-track the process of reporting such instances to help the probe agencies crack these cases.

Indian money in Swiss banks falls by over 10% to Rs 12,615 crore

Last Updated: Thursday, June 18, 2015, 16:48

This is the second lowest amount of funds held by Indians in the Swiss banks and follows an increase of over 40 percent in the previous year, 2013.

Money held by Indians in Swiss banks declines by 10.6% to Rs 12,615 crore

Last Updated: Thursday, June 18, 2015, 15:17

Money held by Indians in Swiss banks has declined by 10.6 percent to Rs 12,615 crore in 2014, as per the latest data released by the Swiss Central Bank.

India on marathon path; markets don't need steroids: Kotak

Last Updated: Sunday, May 31, 2015, 14:58

Kotak also said that one of the biggest challenges today was the history of excessive leverage by India Inc.

Bonds surge, call rates end lower

Last Updated: Thursday, May 28, 2015, 19:06

The overnight call money rates ended lower at 7.60 percent from yesterday's closing level of 7.65 percent. It moved in a range of 8.20 percent and 7.05 percent.

Bank of India says "worst is over" after bad debts jump

Last Updated: Thursday, May 28, 2015, 17:54

Bank of India reported its first quarterly loss in more than two decades on Thursday, weighed down by a larger than expected increase in bad debts, sending its shares down more than 8 percent.

Bonds drop, call rates end slightly higher

Last Updated: Tuesday, May 26, 2015, 18:50

Government bonds (G-Secs) dropped further on sustained selling pressure from banks and corporates while the overnight call money rate ended higher at the money market due to good demand from borrowing banks amid tight liquidity in the banking system.

Splitting CMD post of PSBs a dangerous proposition: Assocham

Last Updated: Monday, May 25, 2015, 21:13

Bifurcation of Chairman and Managing Director's post may not augur well for the public sector banks as it may lead to inefficiencies and bureaucratic hassles rather than improvement, Assocham said in a report.

Russia to pay record $800 million to savers in collapsed bank

Last Updated: Friday, May 22, 2015, 18:35

Depositors in a Russian bank that collapsed due to the economic crisis will receive a record insurance payout of nearly 40 billion rubles (USD 800 million), an official said Friday.

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.

Led by SBI group, PSBs dominate credits, deposits space

Last Updated: Sunday, May 10, 2015, 12:05

State-owned lenders remain dominant players in India's banking system with SBI group alone accounting for about a quarter of the market share both in the credits as well as the deposits arena.

China's 'real' economy wants to be neither borrower nor lender

Last Updated: Thursday, April 23, 2015, 15:16

Beijing is pushing trillions of yuan into its banking system to boost business investment and arrest slowing growth, but a combination of unwilling borrowers and selective lenders is blunting its efforts.