Banks need to urgently reduce stressed assets: RBI deputy Governor

Last Updated: Tuesday, September 15, 2015, 10:39

His comments come as the central bank has been pushing banks to reduce the amount of their non-performing assets and start lending again.

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.

Big opportunity in small & payment banks for IT firms: Nasscom

Last Updated: Sunday, September 6, 2015, 15:00

Reducing the cost of transaction to a level where people are able to make low value transactions on mobile with more convenience and security is one such challenge.

Swiss banks moving 'full speed' on automatic tax info exchange

Last Updated: Thursday, September 3, 2015, 18:50

Swiss banks are working at "full speed" to implement the automatic tax information exchange regime that will help India's efforts to crackdown on illegal wealth stashed by its citizens in Switzerland.

Black money: SC asks SIT to give progress report by Oct 7

Last Updated: Thursday, September 3, 2015, 18:20

The Supreme Court on Thursday asked the Special Investigation Team (SIT) on black money to submit the fourth report on the progress of its probe by October 7.

Fight against black money: Swiss to help on stolen data too

Last Updated: Wednesday, September 2, 2015, 20:22

In a move that may help India's fight against black money, Switzerland on Wednesday proposed amending its laws to share information with foreign countries probing tax crimes on the basis of 'stolen data', provided details have come from administrative channels or public sources.

'One-day strike cost Rs 25,000 crore to economy'

Last Updated: Wednesday, September 2, 2015, 19:57

As a nationwide strike of trade unions hit banking and other services Wednesday, business chambers today pegged the loss to the economy at a staggering Rs 25,000 crore and said such "disruptive" actions can hit India's image as an attractive business destination.

Indian banks face broader capital challenges, says Fitch

Last Updated: Wednesday, September 2, 2015, 16:15

Fitch Ratings on Wednesday said that RBI declaring only ICICI Bank and SBI as Domestic Systemically Important Banks (DSIBs) reflects in part some of the broader capital challenges in India.

Infosys launches solutions for small finance, payments banks

Last Updated: Wednesday, September 2, 2015, 16:00

The two products -- Finacle Payments Bank and Finacle Small Finance Bank solutions -- are part of EdgeVerve Systems, the product subsidiary of Infosys, the country's second largest software services firm.

Fitch affirms ratings on 9 Indian banks

Last Updated: Tuesday, September 1, 2015, 19:17

International ratings agency Fitch has downgraded viability rating of state-run Punjab National Bank by a notch while affirming ratings on nine banks, including SBI and ICICI Bank.

Govt must build trust for compliance window success: Kidwai

Last Updated: Tuesday, September 1, 2015, 16:25

The government needs to assure against any "witch-hunt" to make the compliance window under the new black money law a success and it's a "pity" that the people do not believe its credibility, HSBC's India head Naina Lal Kidwai has said.

SBI, ICICI Bank hail D-SIBs tag, say have higher capital base

Last Updated: Monday, August 31, 2015, 23:25

Welcoming Reserve Bank decision to declare them as systemically important banks, state-owned SBI and private sector ICICI Bank Monday said their capital adequacy is much higher than required.