Under KV Kamath's leadership, ICICI Bank's revenues grew multi-fold.
Axis Bank launches Ping Pay to enable fund transfer across various platforms
Sun Pharma stock has appreciated at 35% a year for 20 years
Aditya Puri thinks the government is on track.
The number of cyber crimes in India could touch 3,00,000 in 2015
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
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.
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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.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
Experts hail 2014 as the worst year for banks.
The preference for digital banking now cuts across all customer segments.
Union Bank of India, Canara Bank, Andhra Bank, Saraswat Co-operative Bank and YES Bank have come together to allow inter-bank fund transfers through debit cards.
Bankers say loan demand was more muted this festival season than last year.
Car sales dipped by 2.55 per cent in October, as the festival season demand for auto remained in slow lane.
Banks have swung into action as gold prices continue to slide. Reduced loan-to-value ratio (LTV), cautious lending, and a close monitoring of the gold loan portfolio have prompted them to hedge their loan books against the reduction in prices.
At other bank ATMs, the customers of these banks will be charged beyond three transactions.
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