With Pockets, ICICI Bank aims to target first-time customers.
Nilekani said new-age technology markets work on a winner-takes-all basis.
RBI data show one-fifth of all the infrastructure loans are stressed and the share of such loans in overall stressed assets is nearly a third.
Pulbic banks have no reason to cheer Budget announcement.
It might be difficult to repeat the SKS success with VAYA Finserv, say analysts
Bharti Retail launched its first mall, The Pavilion, in Ludhiana.
The government is determined to stop generation of black money, he said.
Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
'He was asked to do the KYC again because the earlier exercise would not do as they were 'computerising.' 'Getting the records transferred to the reluctant computer would take time and so he was advised to come a few weeks later.' 'My only prayer is that post offices will survive the modernisation process with at least some customer base intact,' says Subir Roy.
Watal panel had suggested an independent payments regulator be set up.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
VCs have been especially bullish about India.
For the four new players, the spike in wealth is 126 per cent.
Over the next four years corporate tax will come down by 5 per cent and lot of exemptions will get phased out.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
Challenges abound but innovation is key for new banks inorder to survive.
Raghuram Rajan explains the rationale for his policy stance and other issues.
'Government of India has the right to give directions to RBI'.
Raghuram Rajan, who has been pilloried by his critics for keeping interest rates high and has also been accused of stifling growth.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
The poor and unbanked can take their rightful place as consumers of financial services only if the Modi government encourages different entities to advance the financial inclusion agenda, say Vikram Gandhi & Chandni Ohri.
Rajan drew attention towards the Nachiket Mor committee on PSL and said that the RBI is trying to make the entire process more effective.
Aditya Puri thinks the government is on track.
'Rajan brought in a healthy air of competition in the banking sector.'
We need a change in mindset, says the RBI Governor.
Each problem is discussed in detail and appropriate remedies are mentioned along with it.
The finance ministry has put out a revised draft in public domain.
Bajaj Finserv has few opportunities and challenges to overcome in 2015.
The first stage of the inclusion strategy was focussed on opening bank accounts, logically seen as creating the last-mile channels for financial access.
Who will make the most of the disruptions of 2016 this year? Mihir Sharma's list of probables.
Prime Minister Narendra Modi's three-day visit to Britain has seen India and the UK agreeing on Rs 90,000 crore deals.
Another important early decision of Birla was to get into the wireless telephony business in association with AT&T and another revered Indian business house, the Tatas.
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
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