It appears the two banks are now convinced that increasing their credit card portfolios will not lead to significant erosion in asset quality.
To recover dues from 50 top defaulters; finance ministry wants proceedings fast-tracked.
Set to be allowed to apply for bank licences in the final guidelines expected by the end of the month
Global experience in allowing corporate groups to set up banks reveals that stringent regulation is the best defence against malpractice.
Shyam Srinivasan, managing director and CEO, shares with Business Standard the strategy to grow the bank's retail lending business in the coming quarters.
The pick-up in credit demand in coming months looks uncertain.
The Reserve Bank of India is widely expected to reduce the repo rate for the first time in nine months when it announces its third quarter policy review.
Also on the cards could be the first interest rate reduction in nine months.
FinMin advice to include brokers & realty firms, debate over entry of industrial houses slow the process.
The move comes after RBS failed to close a deal involving sale of its India retail assets to Hongkong and Shanghai Banking Corporation.
Thomas Mathew T, managing director, tells Manojit Saha and M Saraswathy about the LIC's strategy and growth plans.
As the country's HNI population is on a rise, the segment is hard to ignore for domestic banks.
Tagged as a sleepy, regional lender till a few years earlier, the bank's stock was not much talked about in the investors' community.
Chidambaram also asks these not to rush for bulk deposits to bloat balance sheets.
Tata AIA Life Insurance has 13 people at the senior vice-president level.
The rising spends on credit cards, increase in sale of third-party products and surge in consumer loan demand have allowed banks to limit the impact of slowdown in corporate fee income.
Will offer lower rates on home loans till end of 2012.
Nine of 10 bankers who attended the meeting admitted their sanctioned loan pipeline was shrinking fast due to tepid demand.
Move significant as new banking licences under his purview.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances