Foreign banking major Standard Chartered Bank has invested $120 million thus far this year in its Indian operations, which is expected to contribute over 10 per cent of its global profits in 2005.
Bahujan Samaj Party supremo Mayawati on Sunday attacked the Bharatiya Janata Party and Congress for "double-crossing" the common man by serving the interests of capitalists.
White labeled ATMs are set up by private non-bank companies that own and operate their own brand of ATMs.
Reminding the Bharatiya Janata Party government of its poll promise of bringing back black money, Congress general secretary Digvijay Singh on Thursday dared the Centre saying if it has courage it should reveal the name of account holders.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
The Washington-based Institute of International Finance on Thursday said that Indian government should reduce its role in banking system and further liberalise policies to attract more foreign direct investment.
The Supreme Court on Thursday asked the Special Investigation Team (SIT) on black money to submit the fourth report on the progress of its probe by October 7.
Investors may make a beeline for shares of private sector banks once again following finance minister P Chidambaram's statement on Friday favouring greater freedom for foreign banks with regard to acquisition of Indian banks.
The BJP's prime ministerial candidate Narendra Modi on Wednesday said the country needed a servantand not a ruler. Calling him a sevak, Modi said that if voted to power he would serve the country.
The Hongkong and Shanghai Banking Corporation is looking at investing over $400 million in India with organic growth driving expansion.
If any foreign account holder violates Indian laws, tax authorities can enforce repatriation of funds.
ICICI Bank edged past foreign banking majors Citibank and Standard Chartered Bank to emerge as the best retail bank in India, according to the latest issue of 'Asian Banker Journal'.
Increasing migration to cities and urbanisation along with interest from buyers to invest in real estate market, will continue to be the prime demand drivers, according to assurance, tax and advisory firm Grant Thornton.
Forex dealers attributed the rupee's fall to increased demand for the US currency from importers and a lower opening in the domestic equity market.
The government on Tuesday gave greater autonomy to state-run banks, allowing them make domestic and overseas acquisitions without its approval.
The continuing stress faced by corporate India has weakened their debt-servicing capability and this is reflected in the banks' books, as yet-burgeoning bad loans.
In Hong Kong market, the dollar fell against Japanese yen in early trade after the release of a set of stronger- than-expected economic data.
In a major financial sector reform, the government on Friday introduced in the Lok Sabha two major banking legislations, including one to lift 10 per cent cap on voting rights to foreign banks acquiring equity in Indian banks.
"As it is said a man-made disaster, in the same way demonetisation is Modi-made disaster," the Congress vice-president said as he targeted the prime minister squarely blaming him for the hardships post-demonetisation.
'When you meet Rahul Gandhi, you will know he is definitely the right guy to lead this country.'
It is not just the pink papers reporting that foreign financial entities (GE Money, Goldman Sachs and Merrill Lynch to name a few) are showing interest in Indian banking sector
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Privatising public sector companies would have encountered significant opposition from their managers as well as from strong unions.
The government on Friday hiked foreign investment ceiling in private banks from 49 to 74 per cent and allowed foreign banks to set up subsidiaries in the country.
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