Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
Each dept could handle a designated area.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Over the short to medium term, valuations are more likely to move down than up.
On government's last week's announcement of revamping of PSU banks, Fitch Ratings said the move is "credit positive, but risks remain".
We dance on every small achievement and forget the long-term objectives: Ajit Gulabchand, MD, Hindustan Construction Company.
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Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market.
Liquidity, stable income generation, potential capital appreciation are the benefits from REITs
United Progressive Alliance-led government proposed lenders as insurance brokers; new FM not too keen, say insurers.
According to the committee, single overseas investments of more than 10 per cent in a company should be considered as Foreign Direct Investment while those less than 10 per cent should be classified as foreign portfolio investment.
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
While Indians are increasingly using mobile platforms and technology for various financial transactions and purchases like bill payments, ticket bookings, entertainment, travel and banking transactions, cross border mobile remittance is yet to see the light of the day.
Making an informed choice will help you save money and some hassles too.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
Whether it is the virtual world or the physical one using your credit card with a few precautions go a long way in keeping it safe. Be cautious and do not become a statistic in the growing credit card fraud!
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
The markets regulator made it easier for banks to acquire control in listed companies.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
'To bring about a paradigm shift in farmers's income, we need to change our approach to agriculture, and transit from the narrow prism of cultivation to a full-fledged enterprise, by building all associated supply chain linkages.' 'This alone will make the farmer an entrepreneur in his own right.'
Here's how NRIs can protect their overseas earnings from exchange rate risk.
There will be higher charges for bank account-holders.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
The shares could continue to see outperformance if the Budget assumptions are proved correct
Retired banker P Balagopala Kurup says one of the reasons he favours inflation targeting is that its first priority is to insulate the lesser fortunate citizens from adversity and in the process to ensure that the economy retains its inherent vibrancy and strength.
The external affairs ministry's files, as distinct from those of the ministry of defence or the agencies, at least from before 1974 should be declassified. And if select files that are more than 40 years old are not to be declassified, the ministry should follow explicit guidelines to justify taking such a view, says Jaimini Bhagwat.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
'Today, bankers don't want to take risks as the good decisions taken by them were not protected.' 'There is risk involved in all decisions, like businessmen taking risks in their businesses.' 'A banker must have taken a decision when the economic condition was different, and you cannot question him on the basis of the present situation in hindsight.' 'Naturally, this has affected the morale of bankers.'
Duty cut on raw material imports are not likely.
The last thing the country needs in a globalising and technologically advancing international business environment is a poorly educated workforce.
Choose insurance from stable companies that have been in the business for a long time
Clean energy cess to hike cost for power sector.
'The overall stress on asset quality is indeed coming down.'
For the first time in our economic history a government has thought about more than 50 per cent of our economic activity instead of the five per cent represented by the Sensex companies, observes IIM-B professor R Vaidyanathan.
Arun Jaitley had a tough fiscal hill to climb.
Single window clearances for realty must.
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