They shied away due to concerns over asset quality and a rise in NPAs.
As the country's HNI population is on a rise, the segment is hard to ignore for domestic banks.
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
Credit rating agency ICRA has said that mergers are one of the best options for growth of Indian banks but warned that it may not solve some "basic problems" of Indian banks plagued by inferior asset quality, poor management and lack of autonomy.\n\n\n\n
BPCL and ONGC raised $4.9 billion in 2016-17 against $1.65 billion raised by Reliance
As a young management trainee with SAIL, Pallav Mohapatra was spoilt for choice. He had offers from Allahabad Bank, Bank of Baroda, Indian Bank, Indian Overseas Bank and State Bank of India. He chose SBI only because the bank offered him a posting in Lucknow.
Banker-turned-author Manish Gupta's book English Bites! is a unique guide to the Queen's language that will have you learning and laughing at the same time.
While everybody is talking about the vast potential of 5G, the uptake of such services in India depends on operators getting around 100 Mhz 5G spectrum. At the reserve price proposed by Trai, getting this spectrum will cost a telco around Rs 490 billion. Which amount could be difficult for operators to mop up, given the financial stress they are undergoing, says Kiran Rathee.
Despite sluggish credit growth, most banks are cautious about growing their unsecured loan portfolio.
Unions said the revised wage structure should reflect the merger of dearness allowance.
The government would also take steps to promote exports and restrict non-essential imports, said Jaitley
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
The All India Bank Employees Association, Bank Employees Federation of India, All India Bank Officers' Association and National Union of Bank Employees have given a call for one day country-wide strike.
At present 100% FDI is allowed, of which up to 49% investment in a company can be done through the automatic route
Over the last week, several banks have cut rates by 25 basis points, clearly not enough to fuel credit demand.
The bank chiefs have also cancelled the customary media conference after the bi-annual policies.
The circular says even a day's delay in servicing loans would be now taken as a 'default'. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a resolution within 180 days, else lenders will have to file an application under the IBC within 15 days.
Foreign banks say they have been caught in a "conflict" situation with respect to the manner in which the Reserve Bank of India (RBI) conducts inspections at their branches.
Bankers have decided to fight back against 'arbitrary arrests' and 'harassment' by probe agencies.
The unions have also threatened to explore an indefinite strike option, if their demands were not addressed.
Vrde currently manages about $14 billion globally, and has invested nearly $500 million in India in the past five years
Consolidation will help banks derive economies of scale, but integration will not be easy.
India's bond markets have rallied since last year on expectations the Reserve Bank of India will start cutting interest rates as early as February due to sharply easing inflation.
Mahapatra committee observes extraordinary rise in restructured assets With debt recasts rising substantially over the past two years and a major part of such loans threatening to slip to the non-performing category, Indian banks' credibility will be at stake in case of a latter scenario, the Reserve Bank of India said on Thursday.
The 'Dun & Bradstreet - Polaris Financial Technology Banking Awards 2012' seeks to recognise the growth and resilience of the Indian banking industry.
Here's everything you need to know about the entrance examination.
US-based Citigroup attracted the attention of hundreds of people within minutes of it posting messages on social networking platforms, Twitter and Facebook, last night about banking services on Facebook.
Finance Minister P Chidambaram asked Britain on Thursday to allow Indian banks to open more branches in that country.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
The bank board had decided to launch an enquiry to be headed by an "independent and credible person", to examine and enquire into an anonymous whistle blower complaint alleging that the bank MD & CEO had not adhered to code of conduct
There are allegations of involvement of Kochhar and her family members in a loan provided to Videocon group on a quid pro quo basis.
One of every four people in the 27-37-year age group, the most prolific in using digital banking apps, reported a fraud in the past year
They rallied to beat Indian Bank in their concluding match in the NFL.
Faced with an increase in defaults on home loans, banks are beginning to feel the 'bite' after growing their portfolios at breakneck pace in the last three years, according to State Bank of India Chairman O P Bhatt.
Surjewala alleged that Mehta and his family were allowed to leave India even when there were complaints pending against him with the CBI.
Shares of most European banks are down significantly.
The Congress chief spoke to the students on a host of issues, including demonetisation, job loss and his growth as a political leader.
As ATMs hold huge amounts in cash and criminals use them to get to customers' cards and PIN data, electronic security is crucial
A Reserve Bank panel has suggested a benchmark floating interest rate, especially or home loans, to bring greater transparency in the pricing of credit.
