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.

Iraq says air strikes `kill 50 militants` in Anbar

Last Updated: Thursday, January 23, 2014, 00:44

Air strikes against militant targets in Iraq`s restive western province of Anbar killed at least 50 militants, the defence ministry said on Wednesday.

First wave of Chinese IPOs headed for boards as investors eye valuations

Last Updated: Thursday, January 9, 2014, 05:22

Signs of strong appetite were already in evidence during the book-building process, which analysts credited with reforms to the way new issues are priced on the mainland.

Asia FX carry trade returns but hostage to volatility

Last Updated: Friday, December 13, 2013, 10:58

The currency carry trade is making a slow comeback in Asia although, unlike its popular pre-crisis version, punters are more selective in their investment targets for fear that market volatility could leave them with losses.

Mahila Bank targets business mix of Rs 60,000 cr by 2020

Last Updated: Sunday, December 1, 2013, 11:59

Bharatiya Mahila Bank, the first all-women bank inaugurated last month, expects its business to touch Rs 60,000 crore in the next seven years.

Banks offer overseas staff training for high insurance sales

Last Updated: Thursday, November 7, 2013, 14:14

As regulators prepare final norms to check mis-selling of third party financial products by bank employees, some banking majors are offering overseas training programmes for staff meeting high insurance sale targets.

India eyes $15 billion rollover of subsidy costs into next budget

Last Updated: Friday, October 25, 2013, 10:55

Finance Minister P. Chidambaram is finding it harder and harder to meet the government`s budget promises and may sweep as much as USD15 billion in subsidy costs into next year`s accounts to ensure he hits fiscal targets ahead of national elections, ministry officials say.

Researchers identify Chinese hacking group that attacks `high-value` targets

Last Updated: Thursday, September 19, 2013, 17:29

Researchers from security firm Symantec have reportedly unearthed a hacking group, based in China, which is believed to attack specific ` high-value` targets.

Targets for PSUs: New norms ready, HPC to take final call

Last Updated: Tuesday, May 21, 2013, 16:03

The MoUs are signed between the Central Public Sector Enterprises (CPSEs) and their administrative ministries/departments and is facilitated by DPE.

Kotak Mahindra group eyes takeover targets

Last Updated: Monday, January 28, 2013, 11:26

Looking to further expand operations, Kotak Mahindra group is looking for potential acquisition targets in banking, asset management, broking and other areas of financial services sector and hopes to strike a deal this year.

COP-11 ends with agreement on resource mobilisation

Last Updated: Saturday, October 20, 2012, 08:41

The ongoing UN biodiversity convention here concluded early today with the parties agreeing upon a framework for resource mobilisation for conservation of biodiversity.