Search Results for 'Banks'

PSU banks on hiring spree, to recruit 45,000 personnel in FY...

Faced with human resource crunch public sector banks are planning to hire about 45,000 personnel during 2011-12 to meet workforce requirement. "Approximately 45,000 officers and staff would be recruited by (nationalised) banks thi [...]

Posted On : May, 16 2011 | Comments : 0

WRAPUP 2-Japan banks post Q4 losses, shares fall on TEPCO pl...

Mizuho Financial Group and Sumitomo Mitsui Financial Group expect core lending activities to remain sluggish this year, with little clarity so far about the strength of demand for loans related to earthquake reconstruction efforts. Sha [...]

Posted On : May, 14 2011 | Comments : 0

2-U.S. banks and states meeting on foreclosure probe

U.S. state attorneys general are pressing five large banks to reduce loan balances for troubled borrowers as part of a settlement over mortgage servicers' foreclosure practices. The two sides -- which include Bank of America Corp ( [...]

Posted On : May, 12 2011 | Comments : 0

Banks set to tighten borrowing requirements

Despite a recent International Monetary Fund (IMF) projection that Africa’s growth could hit 5.5 per cent this year, Kenya’s economic outlook, on the contrast, looks bleak. A combination of factors appear to be dampening th [...]

Posted On : May, 10 2011 | Comments : 0

NCP banks ensure their money is safe

The NCP, which holds sway at Maharashtra State Cooperative Bank (MSCB) perhaps knew what was in store for the bank. Even before NABARD submitted a report to the state government damning the bank, five district central cooperative banks (D [...]

Posted On : May, 09 2011 | Comments : 0

Banks' results reflect rising mortgage stress

An increase in mortgage arrears in the first half of this year was revealed this week in the interim reporting season for three of the big four banks. The trend could damage the banks' blue-chip mortgage books. The reporting season [...]

Posted On : May, 06 2011 | Comments : 0

RBI's hawkish policy stance to hit auto firms, banks

The RBI Governor, D. Subbarao announced a steep 50 basis points hike in key short-term rates on Tuesday, as the central bank stepped up its fight against the inflation beast. The latest monetary tightening by the RBI reflects a change fro [...]

Posted On : May, 04 2011 | Comments : 0

Swiss Bond Sales Boom as Banks Diversify Funding: India Cred...

After a 24-year hiatus, Indian companies are poised to raise almost $1 billion of Swiss franc- denominated bonds, about a quarter of total overseas borrowing in 2011, as demand rises among European investors. State-owned IDBI Bank L [...]

Posted On : Apr, 26 2011 | Comments : 0

SBI hires 10 banks for $300-m loan

State Bank of India hired 10 banks to help it borrow $300 million in a three-year loan. Other lenders are being invited to join the facility in general syndication and responses are due on May 27, a source said. Banks offering to co [...]

Posted On : Apr, 22 2011 | Comments : 0

Big banks operate five clearing systems

All banks and other deposit-taking institutions operating in Australia use up to five payments clearing systems to process and settle transactions. These include cash, real-time transactions such as those conducted over EFTPOS and ATMs, [...]

Posted On : Apr, 21 2011 | Comments : 0

Sensex, Nifty on a high; banks, auto up

The markets have bounced back strongly on the back of fresh buying in auto and capital goods indices. At 11.10 am, the Sensex was trading 186.44 points higher at 19,448.98 and the Nifty gained 51.60 points to trade at 5,837.30. The [...]

Posted On : Apr, 13 2011 | Comments : 1

Hong Kong banks slapped with credit warning

The Hong Kong Monetary Authority (HKMA) — the city’s de facto central bank — on Monday issued a circular to banks, saying it was “necessary” for the regulator to step up monitoring of the lenders’ busi [...]

Posted On : Apr, 12 2011 | Comments : 0

Just two banks left standing after clear-up

The fifth attempt to clear the mess of years of reckless lending by Irish bankers slashes the homegrown finance industry to just two institutions. Bank of Ireland, the oldest in the country, is in a struggle to avoid the fate of its comp [...]

Posted On : Apr, 02 2011 | Comments : 0

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Pe...

U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative finan [...]