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.
Top corporates have paid more advance tax in second quarter this year.
With his strong views on Bharatiya economics, his appointment to the RBI board may well presage interesting times, says Archis Mohan.
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.
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.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
According to bond dealers, the spike in CD issuance could indicate that liquidity won't remain as comfortable by the end of the financial year (March 31) as it now is.
The Hongkong and Shanghai Banking Corporation is looking at investing over $400 million in India with organic growth driving expansion.
Poor governance, constant interference of promoters, opposition from unions and talks of being an acquisition target seen as main deterrents.
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'.
The government on Tuesday gave greater autonomy to state-run banks, allowing them make domestic and overseas acquisitions without its approval.
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
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.
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.
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.
India has been assigned the lowest investment grade rating with a high risk profile by various global agencies.
White labeled ATMs are set up by private non-bank companies that own and operate their own brand of ATMs.
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.
StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.
If any foreign account holder violates Indian laws, tax authorities can enforce repatriation of funds.
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.
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.
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.
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
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.
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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