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 corporate sector does not care from where the money is coming.
Commercial banks have not yet reduced their lending rates.
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.
Banks are expected to cut lending rates from April 1.
Move to shift powers from RBI without discussions baffles many
Aditya Puri thinks the government is on track.
The number of cyber crimes in India could touch 3,00,000 in 2015
Union Bank of India, United Bank of India reduced base rates.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
The post of chairman and managing director has been split and the government has appointed managing directors and chief executive officers in four banks -- Indian Overseas Bank, United Bank of India, Oriental Bank of Commerce and Vijaya Bank.
Some leading private and foreign banks in the country have started checking scores of credit information companies such as Credit Information Bureau Ltd as part of their pre-employment screening process.
A host of lenders, including State Bank of India, IDBI Bank, Indian Bank and Andhra Bank, have lined up meetings of their asset-liability committees this week, to review their lending and deposit rates.
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Private banks account for a total of 21.15 per cent in terms of advances in the overall banking system.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
The meeting will be attended by all heads and EDs of public sector banks
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2014 made a lot of promises; can the new year deliver?
The banking sector is set to move at a fast pace from hereon.
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