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Indian banks cutting deposit rates on loan paralysis
Mon, Sep 22 2014. 04 08 PM

Indian banks cutting deposit rates on loan paralysis

Banks are cutting deposit rates for the first time in two years as the worst lending slowdown since 2009 leaves them with idle cash
We need bankruptcy law to tackle defaulters
Mon, Sep 22 2014. 12 05 PM

We need bankruptcy law to tackle defaulters

‘Wilful defaulter’ tag is a powerful weapon, but not enough to tackle rogue borrowers who are sure to drag banks to court
Alibaba’s banks said to boost IPO size to record $25 billion
Mon, Sep 22 2014. 10 12 AM

Alibaba’s banks said to boost IPO size to record $25 billion

The underwriters exercised a so-called greenshoe option to sell an additional 48 million shares, says a source
Bharati Shipyard sells wind power business for Rs55 crore
Mon, Sep 22 2014. 02 01 AM

Bharati Shipyard sells wind power business for Rs55 crore

The firm, which was once India’s second-largest private shipyard, owes some Rs.8,000 crore to a consortium of 23 banks
SBI associate banks to raise Rs33,000 crore capital in next 5 years
Sun, Sep 21 2014. 08 27 PM

SBI associate banks to raise Rs33,000 crore capital in next 5 years

The lender’s five associate banks will raise the capital to meet global risk norms—Basel III—in the next five years
SBI, Exim Bank of China ink pact for $1.8 billion line of credit
Fri, Sep 19 2014. 01 00 AM

SBI, Exim Bank of China ink pact for $1.8 billion line of credit

The credit will be utilized for projects involving imports of Chinese raw materials, and any other projects mutually agreed by the two banks
To counter Saradha backlash, Mamata Banerjee backs more bank branches
Fri, Sep 19 2014. 12 03 AM

To counter Saradha backlash, Mamata Banerjee backs more bank branches

Banerjee announces that her government had started to rent out space in panchayat offices at an annual rent of Rs.1 for banks to open branches
Hero MotoCorp’s global plans gets a boost from tie-up with Tiger Woods
Thu, Sep 18 2014. 09 52 PM

Hero MotoCorp’s global plans gets a boost from tie-up with Tiger Woods

CEO Pawan Munjal wants Hero MotoCorp to go global as he plans for sales in the US and Europe by 2016
Child’s bank account: Too much, too soon?
Thu, Sep 18 2014. 07 45 PM

Child’s bank account: Too much, too soon?

While banks see it as an opportunity, parents prefer accounts operated under supervision
EPFO makes it mandatory to provide workers’ bank a/c numbers
Thu, Sep 18 2014. 04 57 PM

EPFO makes it mandatory to provide workers’ bank a/c numbers

EPFO say the directive will help in getting the bank account details of all the members which are necessary for making UAN operational

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