'This is an area where good lending can happen, and that is one of the priorities for the next quarter.'
Axis Bank has strengthened its positioning -- on both the assets and liability side -- and it may be set to deliver sustained improvement in performance. The valuation gap between Axis Bank (which trades at 1.4x core book value (or BV) and peers like ICICI Bank (valued at 2x BV) is expected to narrow.
Union Finance Minister Nirmala Sitharaman on Tuesday commended Indian financial sector regulators for doing a "world-class job" and bringing greater transparency into the system. Underlining that she is not against questioning or critiquing regulators, Sitharaman said there is a need to be "extremely conscious" about contributions made by them as well. Speaking at the Financial Express Best Banks Awards, the finance minister said, "I strongly recommend that facts are taken on board before we discuss anything to do with the regulators, strictly speaking."
Despite several challenges plaguing the banking sector, HDFC Bank has emerged as the best bank in India.
All the banks mentioned here have balance sheet size greater than Rs 50,000 crore (Rs 500 billion).
Indian banks have successfully weathered the mayhem that shook the financial world in 2008.
New York-based Global Finance magazine recently announced its annual awards for the World's best banks in developed markets. The winners of this year's awards are those banks that attended carefully to their customers' needs in difficult markets and accomplished better results while laying the foundations for future success.
Let's take a look at some of the best banks for employees in the world.
He is the chief executive and managing director of the second largest private sector lender HDFC Bank
Leading public sector lender Bank of Baroda has been awarded the best bank of 2010, instituted by a business magazine.
Punjab National Bank has embarked on a five-pronged strategy for improving its financial position to become the 'best bank' in the country.
Both HDFC Bank and ICICI Bank have come to be acknowledged as the best in their fields, with complementing strengths and far-sighted game plans.
Union Finance Minister Nirmala Sitharaman on Friday said political parties that come to power on pre-poll promises of freebies should pay for those through budgetary provisions. Citing the example of free electricity being promised in many states, the finance minister said the burden for the freebies should not be thrust upon the power discoms or gencos. "If a promise has been made to the people at the time of the election, you are looking at a quid pro quo. "You should be, as a responsible party, assume after you come to power, make a provision in the budget for it," Sitharaman said, speaking at the FE Best Bank Awards event.
i-flex solutions has said its flagship product -- Flexcube -- has been ranked the world's number one selling banking solution for 2003 by International Banking Systems, UK.
Whom would you trust the most with your hard earned money?
Many banks are fighting for survival and trying to grow their business by attracting customers from their competitors through freebie or cash-back offers.
India will grow at around 7.4 per cent in 2022-23 and continue at the same pace in the next year as well, Union Finance Minister Nirmala Sitharaman said on Friday. Sitharaman said there are risks on the external front and this is not the right time to throw caution to the wind, and also assured exporters of all the necessary support from the government as they face the headwinds. Speaking at the FE Best Bank Awards event here, Sitharaman said global agencies like IMF and the World Bank have taken cognisance of the strengths of the Indian economy by saying that it will be among the fastest growing ones in the next two years.
Only NIIF has stayed the course as a viable infrastructure financing institution.
Over the last few days, as the fortunes of Thomas Cook Plc took a wrong turn, the Indian entity scrambled to distance itself from its erstwhile parent. Experts have said that the travel firm must not change its brand name.
'The probability of this being a suckers' rally, where all kinds of beaten down stocks have begun to rally sharply, should be a time to be cautious and circumspect.'
'Else they will form a growing 'hospital sector' -- and the taxpayer will be asked to pick up a mounting bill,' warns T N Ninan.
Home loan expert Harsh Roongta throws light on complex problems of tax benefits for housing loans.
In an online chat with readers January 24, Rajeev Mahajan of Antworks answered queries on personal loans and peer to peer lending.
The estimated cost breakdown is one of the most important forms in the construction loan package.
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