Sharp increase is a major departure from those during former chairman O P Bhatt's regime.
S&P's specific concern is that: "US policymakers might not reach an agreement on how to address medium- and long-term fiscal challenges."
One of the MDs, R Sridharan, is focusing on associates and subsidiaries. Another managing director, S K Bhattacharyya, who retired in October, 2010, was the chief credit risk officer.
The bank follows RBI discomfort with quid pro quo pact.
If inflation begins to climb again as the primary and secondary effects of fuel price increase, yields and interest rates could move up again.
Heads must roll, the culprits punished and greater transparency brought into the functioning of all institutions.
Banks have started putting the brakes on short-term corporate loans.
The multi-crore fraud at the Gurgaon branch of Citibank has prompted the banking regulator to review existing norms for the portfolio management services (PMS) of banks.
Following Anand Sinha's elevation as Reserve Bank of India (RBI) deputy governor, S Karuppasamy has been promoted an executive director (ED) to fill the vacancy. Prior to this, Karuppasamy was the regional director (Kolkata).
The second half of the financial year will be an important milestone for ICICI Bank.
The central board of Reserve Bank of India (RBI) has opposed a government move to have control over the central bank's staff-related matters. The proposal to make staff regulations statutory and bring them under the subordinate regulation of Parliament was discussed at RBI's board meeting in Kolkata last week.
The Reserve Bank of India (RBI) has told banks not to charge more than Rs 5 for any cash deposit made at a non-home branch (other than the one where the customer has the account). Some banks charge as much as Rs 110 for such cash deposits.
Two months before the microfinance sector crisis in October, an internal committee of the Reserve Bank of India (RBI) had warned of possible problems in the sector.
Retail customers of banks, who have to pay exorbitant charges and penalties for basic services and pre-payment of loans, are in for some good news. The Reserve Bank of India (RBI) is considering a ceiling on such charges.
Ireland contributes roughly a quarter of percent of global GDP and 2 per cent of eurozone. The exposure of global financial institutions to both Irish sovereign and bank debt is somewhat small and the Irish government seems to be all set to be bailed out by Europe's stability fund and the IMF. Market estimates put the bailout package at roughly 100 billion, a sum that is by no means hefty by the standards of rescue packages offered over the last couple of years.
Stung by the public criticism of teaser rates, SBI Chairman O P Bhatt told RBI officials in a post-monetary policy meeting on Friday that only eligible persons are given these loans and the norms are not diluted while extending such loans.
The unending travails of Prasar Bharati Corporation, now made worse by allegations of corruption in high places and a threatened strike by its employees, point once again to the need for new thinking on public broadcasting.
The Board of Control for Cricket in India (BCCI) is likely to issue a fresh tender for a Kochi team, as the current franchisee has written to the board expressing its intention to withdraw from the Indian Premier League (IPL).
Deposit rates have increased over 100 basis points (bps) in the last ten days, as banks are getting aggressive to mobilise resources to fund the growing demand for loans in the busy season. In the last ten days, at least five government banks have increased deposit rates and more are expected to follow suit.
Thirteen years and several hurdles later, the plan has finally got a new "estimated time of departure".
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