Jet already has $300 mn of ECB.
A Bank Investment Company to act as a holding company for state-owned banks would go a long way in minimising government interference and improving governance.
'The Chinese devalued the yuan initially but then stopped'.
'My immediate objective is to start thinking about research once again. Start understanding the world we are in which has changed quite a bit.'
Banking is first about trust and integrity and then about technology and the rest.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
DoCoMo said it is uncertain whether Tata Sons will pay the awarded damages.
The move comes ahead of the tighter provisioning norms kicking in from next April
'My sense is that we should be braced for a correction.' 'It has already begun in the mid-caps for the past month, and will now spread to larger stocks as well.' 'Use the correction to upgrade the quality of your portfolio,' advises Akash Prakash.
Most players will need to burn the midnight oil to meet the deadline for creating a bank as well as specific norms set by RBI.
Non-performing assets of banks have been on the rise for past several months due to slowdown in the economy.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
In an online chat with readers on October 14, Anil Rego answered their credit card queries.
25,600 cases of banking fraud totalling Rs 1.79 billion were reported up to December 2017. 'There is an inherent legacy when it comes to insuring crime.' 'Generally, most banks are uncomfortable in sharing data about employee fraud.'
The draft regulations in this regard are expected to be approved by the board during the meeting.
Electronic transactions are rising fast, so are cases of payment failure and delayed settlement. One needs to be proactive.
Bitcoin currently trades at a price of $400 a unit, as against lofty highs of $1,200 early this year
Both firms have made several applications for patents pertaining to digital payments in the country
In an online chat with readers January 24, Rajeev Mahajan of Antworks answered queries on personal loans and peer to peer lending.
Mergers to create at most six state banks
Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres, says Debashis Basu.
For India to monetise gold, it is not the institutional depositor that policymakers must target but the average retail depositor.
Departments of electronics, excise, I-T launch probe into Rs 251 smartphones
The broader markets were marginally higher with mid-caps and small-caps gaining 0.1-0.4 per cent on the BSE.
At other bank ATMs, the customers of these banks will be charged beyond three transactions.
You will be much better off buying the required plans directly from life and general insurers, experts tell Chirag Madia
Vodafone can mitigate risks of money-laundering through M-Pesa by making sure the funds are being traced.
Upcoming payment banks will lift lower income groups in distant villages.
Since January 2015, the central bank has lowered its policy rate.
India's lack of financial inclusion is well known but that slightly more than 50 per cent of the population just has a simple savings bank account is distressing.
The record breaking spree was led by index heavyweights, financials and metal stocks.
'It is human nature to get angry and annoyed when you are inconvenienced.' 'But we were able to enroll a few of our customers as 'bank mitras', who with my staff made sure that the queues were orderly and coupons were given to all the customers who wanted to withdraw or deposit money.'
Challenges abound but innovation is key for new banks inorder to survive.
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
On February 22, 2013, the Reserve Bank of India issued guidelines on 'Licensing of New Banks in the Private Sector'.
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Chidambaram also said the government will take steps to curb imports of gold, silver, oil and luxury goods.
The main issue has been that of a higher Asset Management Ratio as has been prescribed by the Monetary Authority of Singapore for qualifying full banks from India.
The sector needs to move away from such concepts.
Digital services work best when the seller designs a system where default options are designed to help the buyer, says Debashis Basu.
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