Daniel Wu, chairman of the Asian Bankers Association (ABA), says there is merit in merging some of the less efficient public sector banks in the country.
There's a long way to go before human beings are replaced by machines -- in banks at least.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
Foreign banks had 317 branches in 2015-16; it has reduced to 286. In the same period, employee strength came down from 26,642 to 24,766.
Traditionally, issuance from Chinese companies dominate the green bond market, but other emerging market economies are coming up fast
The move will have cascading effects for lot of related sectors
On a sequential basis, banks have had to set aside a substantial amount for bad loans, up 30 per cent from Rs 3,459 crore in the June quarter to Rs 4,508 crore.
A combination of farm loan debt waivers by state governments and the implementation of the pay commission award could entail some fiscal slippages and pose a risk to inflation
B Sriram, the senior-most managing director at SBI, along with fellow MDs Rajnish Kumar, P K Gupta, and Dinesh Kumar Khara had been interviewed for the post
Recent tribunal rulings open prospects of large haircuts and barriers to auctioning of personal guarantees, among other issues
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
Banks play 'mind games' to woo customers. Big data and 'games' are now the tools of the trade.
Is the SBI chairman leaving the bank in a stronger and better position than what it was? Abhijit Lele finds out.
The double-digit growth in itself is eye-popping, given the FMCG sector has seen low single-digit volume growth in recent times.
Project delays, stretched balance sheets impacting asset quality indicators of HFCs.
'The RBI risks becoming dangerously weakened, as successive governments and finance ministers have misunderstood its role'.
As households age, they pile up debt, a peculiarity unique to Indians, a Financial Stability and Development Council report has found. Here are the key takeaways.
According to a legal expert, the clause of 'reasonable restriction' could still mean the government can make Aadhaar mandatory for monetary transactions and therefore, for banking.
With the introduction of new notes, India will have denominations of Rs 1, 2, 5, 10, 20, 50, 100, 200, 500 and 2000.
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