Page 946 - Finance News

Business transactions in GIFT cross $1-billion mark

On Friday, government-owned New India Assurance became the first insurance company in the IFSC

ICICI Bank cuts lending rate by 0.1%

Public sector Corporation Bank also reduced MCLR rate by 0.05% across the board

Indian banks' loans rose 8.9% y-o-y in two weeks to October 14: RBI

Outstanding loans fell 2.12 trillion rupees ($31.68 billion) to 73.62 trillion rupees in the two weeks to Oct 14

RBI widens options for rate futures

Until now, banks couldn't hedge their interest rate risk on active govt bond benchmarks other than 91-day treasury bills

State Bank of Hyderabad reports a net loss of Rs 776 crore in Q2

This is the biggest ever net loss reported in a single quarter by the bank in recent history

SC dismisses Tayal's appeal in Bank of Rajasthan case

The bench of Ranjan Gogoi and Abhay Manohar Sapre found no grounds to interfere with the orders and imposed costs

Debit card data theft: Bankers agree to unite against cyber threats

A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts

IT spending in banking, securities to reach $7.8 billion in 2017

IT services and software will both be the fastest growing segments at 12.6 per cent in 2017

Bad loans: Bankers shift focus to resolution from recognition

For now, even as there is ample demand for big-ticket loans, banks are hesitant to open up their purses

Banking Round Table: 'Asset sale of Rs 1.5 lakh crore in the last two years'

Six leading bankers say retail and SME loans will continue to thrive and working capital loan demand is making a comeback

India Inc's foreign borrowings down 5.8% to $2.46 bn

Data from RBI shows,the money by the Indian companies was raised through external commercial borrowings and RBDs route

SBI extends last date to apply for regular, contractual specialist cadre officers posts

Last date to register application and pay examination fee online is October 31, 2016. Last date for receipt of hard copy of online application along with enclosure for contractual post is November 4,

Karur Vysya Bank net profit declines 11%

Gross NPA rose to Rs 902.74 crore during the quarter as compared to Rs 732.04 crore posted same quarter last year

Banking Round Table highlights: AI, bots the future but security a concern

Topics of the discussion included the recent data breach, regulating payments banks and the Unified Payments Interface

Robotics have reduced ICICI Bank's error rates: Chanda Kochhar

Several of the bank's processes are undergoing a technological transformation, said.

Retail, SME sectors could be next bubble: Axis Bank MD & CEO Shikha Sharma

Speaking at the Business Standard Banking Round Table, Sharma also said credit growth to the corporate sector has been relatively weak

Bad bank needs significant govt capital infusion to work: IDFC MD & CEO Rajiv Lall

Lall added that existing banks should be able to transfer bad loans to the bad bank at valuations they want

Banking Round Table highlights: GDP is fine, trajectory upwards, says HDFC Bank's Puri

The finest minds in Indian banking have come together to share their thoughts on the sector and the economy

Axis Bank: After rise in NPAs, recovery hopes shift to FY18

In Q2, with loans turning into non-performing assets jumping to Rs 7,288 crore, concerns increase significantly

Data breach: Banks must login for fully-encrypted ATM security solutions (Tech Trend)

It is time that magnetic-stripe cards issued by banks for ATM transactions are replaced at the earliest