At least a dozen Indian companies have been working overtime on their strategies to enter the banking sector which Reserve Bank of India (RBI) is…
BANKER’S TRUST REALTIME | Rate cut in May for sure, but how much?
India’s wholesale price inflation dropped to 5.96% in March from 6.84% in February, at least 30 basis points (bps) below market estimates, fuelling widespread expectations…
Wilful defaulter: Who will bell the cat?
India’s finance minister P. Chidambaram wants banks to chase affluent promoters of sick companies who have a high-flying lifestyle and yet aren’t willing to clear…
BANKER’S TRUST REALTIME | P. Chidambaram means business
Finance minister P. Chidambaram means business. On Monday, after holding a three-hour meeting with senior bankers and corporate chiefs at Taj Mahal Hotel in Mumbai,…
Anatomy of a probe: Too many suspicious bank accounts not reported
Mumbai: The Reserve Bank of India (RBI) seems to have completed the first round of its investigation of Cobrapost’s allegations on three Indian private banks…
Banking may look up, but only marginally
For state-run banks that make up almost three-quarters of the Indian banking industry, fiscal 2013 was a nightmare, with most of them hit by a…
BANKER’S TRUST REALTIME | Banks’ obsession for ‘total business’
Some Indian banks—both state-run as well as private—have started screaming from the rooftops about how well they have been doing. Canara Bank’s total business has…
What can we buy for Rs.1?
What can we get for Rs.1? Till 15 March, funky party bags worth Rs.95 were available at Rs.1 each on a website. The Vodafone website…