Punjab National Bank has the largest share.
Monetary transmission has been an issue for the Indian banking sector.
'The overall stress on asset quality is indeed coming down.'
Axis Bank launches Ping Pay to enable fund transfer across various platforms
Banks seems to be upset over RBI's move over rate cut.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
Banks have issues with their balance sheet profiles, say PSB executives.
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
HDFC Bank becomes first Indian lender to develop mobile banking app for Apple's latest offering in India.
The message to bankers from Raghuram Rajan was clear.
'The rate cut will reduce the stress on customers and help the bank reduce its provisioning bill.'
The corporate sector does not care from where the money is coming.
Commercial banks have not yet reduced their lending rates.
Most say a rate cut could come in RBI's June policy.
India's foreign exchange reserves are at an all-time high.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
Banks are expected to cut lending rates from April 1.
Bharti will move FIPB soon for increasing Axa's stake to 49%
Banks have not cut rates yet as March is typically a busy season.
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