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Banks’ association, unions sign agreement to revise wages
Wed, May 27 2015. 01 52 AM

Banks’ association, unions sign agreement to revise wages

Bank unions and IBA formally signed an agreement to increase employees’ salary and allowances by 15%
SBI Q4 profit jumps 23% on strong treasury gains, lower provisioning
Fri, May 22 2015. 11 55 PM

SBI Q4 profit jumps 23% on strong treasury gains, lower provisioning

However, bad assets may not have improved much as the lender did huge restructuring and sold a chunk of its assets to ARCs
RBI eases ECB rules
Thu, May 21 2015. 07 13 PM

RBI eases ECB rules

Indian firms, while raising rupee loans from foreign investors, can swap their currency risk with a bank in the overseas market itself, says RBI
Central banks playing with fire: RBI’s Raghuram Rajan
Wed, May 20 2015. 05 16 PM

Central banks playing with fire: RBI’s Raghuram Rajan

Rajan says central banks are engaged in a risky competition to divert growth from other nations by monetary easing
Fino Paytech plans to sell own products, focus on retail business
Wed, May 20 2015. 12 28 AM

Fino Paytech plans to sell own products, focus on retail business

CEO Rishi Gupta says the firm wants to reduce dependence on fees generated from helping banks to service customers in remote areas
RBI to issue new 10-year bond on Friday
Tue, May 19 2015. 04 01 PM

RBI to issue new 10-year bond on Friday

After it is issued, the bond technically becomes the benchmark mid-term interest rate bond
Global bond rout hits Indian bond market
Sat, May 16 2015. 12 56 AM

Global bond rout hits Indian bond market

Twice this week, RBI rejected bids at lower prices; FIIs sold about $1.5 bn in Indian debt between 1 and 14 May
Bad loans may not have peaked yet, warns Raghuram Rajan
Fri, May 15 2015. 08 07 AM

Bad loans may not have peaked yet, warns Raghuram Rajan

Central bank working with lenders to recognize and resolve non-performing assets, says RBI governor
RBI to set up IT subsidiary to check cyber crime
Fri, May 15 2015. 02 09 AM

RBI to set up IT subsidiary to check cyber crime

The RBI governor said this subsidiary will be needed after the launch of a new set of payments banks that will be hugely IT dependent
Indian companies will have to go local: Moody’s
Thu, May 14 2015. 12 28 AM

Indian companies will have to go local: Moody’s

With slowing global growth and cheaper imports from China, opportunities lie at home, say analysts

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