Bankers have read the Reserve Bank of India's (RBI) comments on foreign banks' market share in India as an indication that the promised review of policies on the presence of overseas banks in 2009 is unlikely to yield any greater leeway within which they can operate.
Private banks may lower deposit rates. The Reserve Bank of India on Friday prodded banks to reduce interest rates after the monetary policy measures announced by it over the last five months have failed to result in lower cost of funds for the economy.
In addition to challenges such as reining in non-performing assets (NPAs) and boosting profits, Chaudhry will have to repair the bank's reputation, build internal controls, and improve regulatory relations.
Bankers and economists agree rates will soften, though the quantum would depend on banks' asset-liability profile
Gopalakrishna's name was in the reckoning for Deputy Governor in place of Anand Sinha who retired in January.
The BRICS bank is simply too expensive a proposition for a group of developing countries that includes many who are already overspending domestically.
According to the RBI's April 6 circular, cash loading companies, which take cash around the country, are supposed to increase their net worth to Rs 1 billion within 90 days.
Kamath's success is the envy of bankers everywhere, but his feat of taking a small bank and turning it into the country's second largest lender is hard to match.
Chidambaram in his Budget speech on February 28 proposed setting up of country's first all-women bank and had earmarked Rs 1,000 crore (Rs 10 billion) for this.
'We are in a sweet spot.' 'Equity, on a standalone basis, will continue to remain the asset class to stay invested in.'
In an attempt to acquire consumers, banks have been providing a lot of technology-enabled services, which used to be offered free.
They need to have 15 years of mainstream banking experience
Bankers do not expect any major changes in key interest rates by the Reserve Bank in its quarterly review of the monetary policy on October 31.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
RBI Governor Shaktikanta Das and Finance Secretary Subhash Chandra Garg are also expected to attend the meetings.
Banks and housing finance firms may seek legal mortgage as well as completion guarantee clause.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
The delegation, which was led by Communist Party of India-Marxist member of the Parliament Basudeb Acharia, told Mukherjee that the urban cooperative banks have been put to 'extreme hardship' due to the hefty 30 per cent tax on profits.
It was unclear how bankers were deciding which jewellers to support
Indian Banks' Association on Thursday said banks cannot lower their lending and deposit rates any further under the current scenario.
The mergers will not involve any cash but only share swaps
Rajan said it is hard to offer an objective self-assessment but the RBI should probably have raised more flags about the quality of lending in the early days of banking exuberance.
The fundraising through rights issues in the first 10 months of 2022 is the lowest since 2016 during a similar period.
Police have not ruled out a "professional" motive behind the killing of Andrei Kozlov, who over the past years had revoked the licenses of about 40 Russian banks for money laundering and other illegal activities.
Sahara accuses Mirach Capital of cheating, forging bank letter.
Swiss private bankers are likely to reduce their exposure to wealthy Indian clients as they cut down their discreet banking services in countries like Germany, France and the United States, analysts say.
Indian banks saw a spurt in deposits around the end of the fiscal year to March because of year-end promotions and government spending, bankers said.
The Reserve Bank is in touch with various banks to understand why lending rates are not coming down despite the central bank cutting policy rates, even as the bankers expressed inability to lower the rates when bond yields remain high.
Scarcity of space, high rentals and slow redressal procedures are all issues.
This issue was discussed at the Gyan Sangam addressed by Prime Minister.
A year ago, Greece's bankers thought they were on the cusp of a new era.
Banks need assistance to complete projects that they have taken over
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.
Reflecting moderation in economic growth, bank credit contracted by about Rs 25,000 crore (Rs 250 billion) in January 2009 compared with the outstanding credit of Rs 11,85,530 crore (Rs 11855.30 billion) around December 2008.
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