News for 'foreign-bank'

Advantages of RBI opening up to foreign banks' subsidiaries

In the absence of clear incentives for subsidiaries, foreign banks logically prefer the branch mode; but now, those who see India as a long-term growth opportunity have the basis for deciding between the two modes.

Credit cards: Foreign banks may be rapped

Why Foreign Financial Firms Quit India

There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.

Passbooks to increase pvt, foreign bank costs

18 foreign banks keen to set shop in India

The Reserve Bank is processing applications of 18 foreign banks, which have shown interest in setting up branches and representative offices in the country, Parliament was informed on Tuesday.

Foreign banks seek leeway on rural branches

Foreign banks woo talents from private peers

India profits for small foreign banks plunge

Lower revenue, rise in costs, higher provisions hit earnings in a subdued growth environment.

RBI puts on hold liberalisation for foreign banks

In view of the current global financial meltdown, the Reserve Bank on Tuesday said it is holding back plans for liberalising the operation of foreign banks in the country.

Black money: Dos & don'ts of operating a foreign bank account

Of the 700-odd Indians having foreign bank accounts, not all can be deemed to be operating these illegally.

Banks' gross NPAs at 12-yr low, may fall further to 2.5%

The bad assets or gross NPAs of commercial banks fell to a 12-year low of 2.8 per cent in March 2024 and may go down further to 2.5 per cent by the end of the current fiscal, said the RBI's Financial Stability Report (FSR) released on Thursday. Scheduled Commercial Banks' (SCBs) gross non-performing assets (GNPA) ratio fell to 2.8 per cent, and the net non-performing assets (NNPA) ratio to 0.6 per cent at the end of March 2024. "The asset quality of SCBs recorded sustained improvement, and their GNPA ratio moderated to a 12-year low in March 2024. Their NNPA ratio too improved to a record low," said the June FSR.

ICAI wants conditions on foreign banks' entry

Licence foreign banks only if they reveal investment details, says Institute of Chartered Accountants of India.

Capital bar may be raised for foreign banks

Rupee snaps three-day fall as foreign banks sell dollars

Traders said the rally in the domestic market was closely mirroring moves in the non-deliverable forwards which was leading the spot market gains.

RBI may go slow on entry of foreign banks

To avoid risk of consolidation leading to concentration of assets.

Foreign banks' tax burden to increase

The tax burden on foreign banks , which avail of funds from their parents for operations in India, may go up substantially following a recent order passed by the Mumbai Income Tax tribunal in the case of UAE-based Mashreq Bank.

No curb on foreign bank expansion, says RBI

However, the country has not put any restrictions on the entry of new foreign banks, since it wants a reciprocal gesture as Indian banks increasingly are plan to expand overseas.

Foreign banks may get 100 branches

Where Would India Be Without Dr Singh?

What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.

Foreign banks warm up to small towns

Small-town India is warming up to foreign banks, finally.

Rupee ends stronger as foreign banks sell dollars

The rupee had lost 26 paise to close at 60.16 against the dollar yesterday on fresh dollar demand from banks and importers in view of the US currency gaining overseas and weakness in local equities.

Rupee hits 1-week high as foreign banks continue to sell dollars

The rupee on Wednesday settled at 62.44 against the dollar, up 31 paise over the previous close.

Foreign banks pip PSBs on C-D ratio

Policy soon to facilitate entry of foreign banks: RBI Governor

Policy with regard to the foreign banks is part of his five pillars of reforms, says RBI Governor.

Foreign banks lag behind PSBs, Indian pvt banks

Though foreign banks outperformed domestic banks in quality services, they could not match the latter as public sector banks reigned supreme on the strength of their superior reach.

Foreign banks as per RBI roadmap: Nath

The government said on Tuesday the Reserve Bank of India would consider the US demand for relaxing the branch opening norms for foreign banks in India as per the roadmap prepared by the country's central bank.

Education loans: Pvt, foreign banks stay away

Foreign banks edge out local peers in 2005-06

Adani Green Energy to raise $1.8 bn from foreign banks

The company will raise $1.8 billion for the under construction and contracted portfolio of 12 GW, which includes the country's first manufacturing-linked solar power plant of 8 GW.

Pak nuclear scientists had foreign bank accounts

President Musharraf was reportedly devastated to hear about it.

Foreign banks to play major role in reforms: PM

UTI ARC ropes in four foreign banks

Govt may not ease norms for foreign banks

The second phase of reforms was expected to address areas like extending 'national treatment' to foreign banks, which means that foreign banks would be treated on a par with Indian ones under the World Trade Organisation agreement. Other items that are to be considered include permitting listing foreign banks' wholly-owned subsidiaries in India and the acquisition of sound Indian banks by foreign banks.

Foreign banks allowed to open 18 branches in India

The government has permitted foreign banks to open a maximum of 18 branches in the country, which are situated mostly in urban and metropolitan centres, the Lok Sabha was informed on Friday.

No illegal money in foreign banks, claim BJP MPs

Bharatiya Janata Party Members of Parliament will submit on Friday declarations to the presiding officers of their respective Houses of Parliament, stating that they do not have any illegal money stashed in any foreign bank or tax haven abroad. BJP leader L K Advani had declared that all party MPs will submit declarations that they do not have any illegal funds in Swiss banks or tax havens. The issue was discussed at the BJP parliamentary party meeting on Thursday.

StanChart is most profitable foreign bank in India

The foreign lender's profit after tax was Rs 2,960 crore

ICICI, HDFC Bank to be labelled as foreign banks?

The industry ministry and the finance ministry are holding consultations on whether to bring the banking sector under the purview of new FDI (foreign direct investment) rules, which will categorise some Indian banks -- like ICICI Bank -- as foreign banks.

Co-ops feel the heat as foreign banks woo SMEs

Rising yields catch MFs, foreign banks off guard

Foreign banks get a breather on income-tax