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Brics said to name executives of development bank by month-end
Fri, Apr 17 2015. 09 57 AM

Brics said to name executives of development bank by month-end

India will name the bank’s first president, with Brazil, Russia, China and South Africa selecting the vice presidents, according to sources
Narendra Modi courts Canada banks, insurers, pension funds
Fri, Apr 17 2015. 08 44 AM

Narendra Modi courts Canada banks, insurers, pension funds

Top executives at Canada’s largest banks, insurers and pension funds sounded bullish over investing in India after meeting Modi
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
Foreign portfolio investors cut stake in 21 banks in Q4
Fri, Apr 17 2015. 01 14 AM

Foreign portfolio investors cut stake in 21 banks in Q4

Of the 21 lenders in which FPIs have pared their holdings, 15 are state-owned, while six are private sector banks
IndusInd Bank surprises on asset quality
Fri, Apr 17 2015. 01 07 AM

IndusInd Bank surprises on asset quality

The increase in slippages was outpaced by recoveries, upgrades and write-offs, and thus had an effect of actually improving the bank’s asset quality
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
S. Kumars Nationwide now leaderless, banks need to take charge: IiAS
Fri, Apr 17 2015. 12 54 AM

S. Kumars Nationwide now leaderless, banks need to take charge: IiAS

Retail investors own 91.46% of the company, while the promoter owns about 3.6% as on 31 December, 2014
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
Global shares rise, euro slides after ECB keeps rates unchanged
Wed, Apr 15 2015. 10 21 PM

Global shares rise, euro slides after ECB keeps rates unchanged

US stocks rally, helped by better earnings from banks JPMorgan and Wells Fargo, and Intel
Beware central banks offering negative rates
Wed, Apr 15 2015. 09 12 AM

Beware central banks offering negative rates

True, thousands of borrowers throughout Europe have loans linked to euro and Swiss franc Libor rates, some of which are now in negative territory

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