As ATMs hold huge amounts in cash and criminals use them to get to customers' cards and PIN data, electronic security is crucial
Microfinance institutions' deluge of problems, it seems, is never-ending.
But weak global demand, costly imports play spoilsport
So far, the West Bengal government has raised Rs 5,000 crore (Rs 50 billion) as SDL from RBI, which is almost one-fourth of its total borrowing plans of Rs 20,071 crore (Rs 200.71 billion).
After establishing a presence in Indonesia and Sri Lanka, Icra, the rating agency and associate of Moody's in India, plans to expand further in Asia to get a slice of business from the growing bond markets.
State Bank of India and IDBI Bank have decided not to go to the IIMs this year.
The 2,75,000 new jobs would cost a monthly Rs 300 crore (Rs 3 billion), officials with knowledge of the development said.
Bankers and industry analysts say a number of public and private sector banks have expressed willingness to offer fresh loans to Indian companies to help them repay their overseas dues maturing in the near term.
Bank will charge floating rates of interest from January.
It is this increasing vulnerability of senior corporate executives towards litigations that has set the ball rolling for directors and officers' liability cover for insurance companies.
Higher returns, more liquidity draw individual investors to savings accounts.
This month, ECGC -- the government organisation that provides insurance cover to exporters -- reclassified exports to Greece as 'risky' by withdrawing open cover insurance scheme for them.
CDR amount jumps six times in first half; bankers expect things to worsen.
Prompted by the Reserve Bank of India's increase in the key rate, the repo, banks have raised interest rates by 325-350 basis points.
Third-party sales force in financial sector dying slow death.
Banks and housing finance companies (HFCs) are trying to figure out their exposure to real estate projects in Noida Extension, which have come under cloud after courts cancelled land acquisition in several villages by Greater Noida authorities.
Companies say the viability of 13,000 megawatts worth of projects, which have fixed power sale tariffs, hinge on the government decision.
According to recent finance ministry data that captures the performance of public sector banks, instances of home loan defaults contributing to gross non-performing assets was the highest in the category of loans up to Rs 200,000.
The 100-year old Calcutta Stock Exchange is finally set to launch a trading platform, which will enable its members to trade on National Stock Exchange (NSE)-listed securities in the next one month, a move that will give the ailing exchange a fresh lease of life.
RBI slams public sector banks for the strange phenomenon of profits dipping when a new chairman takes over.
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