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IDFC to transfer lending business to new banking subsidiary
Thu, Oct 30 2014. 10 46 PM

IDFC to transfer lending business to new banking subsidiary

The infrastructure finance company will issue one equity share in the new bank for every share held in IDFC Ltd
Govt mulls almost doubling injection into banks
Wed, Oct 29 2014. 03 04 PM

Govt mulls almost doubling injection into banks

The capital infusion will help the lenders boost credit amid rising bad loans as govt tries to revive an economy growing close to the slowest pace in a decade
India spending $18 billion for digital revolution: Ravi Shankar Prasad
Wed, Oct 29 2014. 02 47 PM

India spending $18 billion for digital revolution: Ravi Shankar Prasad

Govt aims to provide broadband Internet for 250,000 clusters of villages by 2016, cloud storage, banking and other data accessible via mobile phones
Moody’s maintains negative outlook on Indian banks
Wed, Oct 29 2014. 01 49 PM

Moody’s maintains negative outlook on Indian banks

The negative outlook on the Indian banking system pertains mainly to the public-sector banks, says Gene Fang
India’s banking industry at moderate risk along with Brazil and China, says S&P
Wed, Oct 29 2014. 01 08 AM

India’s banking industry at moderate risk along with Brazil and China, says S&P

Switzerland is the only country in group 1, while group 10 has Belarus, Egypt, Greece, Jamaica and Ukraine
India’s plan to grant new bank licences to companies poses risks: S&P
Tue, Oct 28 2014. 05 58 PM

India’s plan to grant new bank licences to companies poses risks: S&P

S&P highlighted the risks from a prolonged weakness in Indian banks’ asset quality, which could hurt economic recovery
Bank employees to go on strike on 12 November
Tue, Oct 28 2014. 05 46 PM

Bank employees to go on strike on 12 November

According to Association officials, Indian Banks’ Association offered only a 11.5% increase in hike compared to 17.5% offered in 2011-12
Govt to change how bank chiefs are chosen
Tue, Oct 28 2014. 01 36 AM

Govt to change how bank chiefs are chosen

Existing vacancies to be filled through new process; bankers and analysts say RBI may have a stronger role
Kotak Mahindra Bank delivers a hat-trick in September quarter
Tue, Oct 28 2014. 01 10 AM

Kotak Mahindra Bank delivers a hat-trick in September quarter

Not only the investment and broking businesses performed on the back of buoyant capital markets but even its lending business showed momentum
IBA suggests tougher norms for safe cash transport to ATMs
Mon, Oct 27 2014. 03 33 PM

IBA suggests tougher norms for safe cash transport to ATMs

The cash replenishment agencies are unhappy with some of the norms as they increase the firms’ overheads

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