RBI’s rupee management undermines hedging push

RBI’s rupee management undermines hedging push

The effect of removing excess rupees from the system as RBI sterilises the inflationary effect of money supply has further driven up rupee interest rates above dollar rates
Kotak Mahindra makes a fresh push to wrest corporate banking share

Kotak Mahindra makes a fresh push to wrest corporate banking share

The bank is seeking to engage with new multinational clients, increase its focus on top 25 Indian companies and tap e-commerce firms as part of the effort
GE in talks to sell $74 bn portfolio to Wells Fargo

GE in talks to sell $74 bn portfolio to Wells Fargo

General Electric is in early-stage talks with Wells Fargo about selling its entire $74 billion US commercial lending and leasing portfolio
RBI considering ways to link e-commerce to banking sector

RBI considering ways to link e-commerce to banking sector

The central bank is contemplating a system for e-commerce so that there is both competition and cooperation
Licences of small, payments banks in a few months: R. Gandhi

Licences of small, payments banks in a few months: R. Gandhi

Gandhi added RBI has granted in-principle approval for two new private sector universal banks
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Indian banks turn to consumer loans to counter corporate slowdown
Mon, Apr 20 2015. 08 53 AM

Indian banks turn to consumer loans to counter corporate slowdown

Banks are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers
RBI said to oppose overseas settlement of debt
Fri, Apr 17 2015. 10 51 AM

RBI said to oppose overseas settlement of debt

RBI doesn’t favour the settlement of rupee bonds on Euroclear or Clearstream platforms, but wants foreigners to engage local custodians instead
IMF sounds a warning note to Indian banks
Fri, Apr 17 2015. 01 32 AM

IMF sounds a warning note to Indian banks

After Russia, Indian banks have the least capacity among lenders in emerging markets to absorb losses
RBI allows banks to offer differential deposit rates
Fri, Apr 17 2015. 12 56 AM

RBI allows banks to offer differential deposit rates

Banks can now offer differential interest rates for deposits above Rs15 lakh, based on whether customers want to withdraw their deposits prematurely
Citigroup profit jumps as legal, restructuring costs fall
Thu, Apr 16 2015. 07 30 PM

Citigroup profit jumps as legal, restructuring costs fall

Citi has been hit by high legal expenses related to bad mortgage dealings and trading scandals in the aftermath of the financial crisis
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