Search Results for 'India'

State Bank of India rated lower: Does the Indian care?

Indian villages need banking services badly. They still store their paper money beneath mattresses over there. Now who best to provide banking services to people whose complete yearly turnover in their savings bank totals Rs 10,000 or [...]

Posted On : Oct, 10 2011 | Comments : 0

Indian Banks: Healthy, But Precarious

cT he past three months have been tough for Indian banking. High interest rates and threats of a global recession have taken their toll on bank stocks. The NSE banking index fell 15 percent compared with the Nifty’s 11 percent slide [...]

Posted On : Oct, 04 2011 | Comments : 0

India central bank raises key interest rate

India's central bank raised its key interest rate by half a percentage point Tuesday, the 11th hike in less than a year and a half, as it warned that inflation remains the country's main economic concern. The bank raised its sh [...]

Posted On : Jul, 26 2011 | Comments : 0

Indian banks see pressure on margins easing?

Private lenders YES Bank and Kotak Mahindra Bank saw net interest margins falling in the June quarter weighed by high borrowing costs, but analysts said the pressure is likely to ease in the second half of the fiscal. Robust deposit mo [...]

Posted On : Jul, 21 2011 | Comments : 0

Swiss banks owe Indian holders over $2bn: Swiss Central Bank

Swiss Central Bank estimates the total liabilities of Swiss banks towards Indian holders at about $ 2.5 billion in 2010 as against projections of about $ 1.5 trillion by political parties and non-governmental organisations. "The Swis [...]

Posted On : Jul, 17 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

JPMorgan upgrades State Bank of India to neutral

JPMorgan raised State Bank of India , the country's top lender, to "overweight" from "neutral", citing regulatory relief from higher provisioning norms and positives from teaser loan withdrawal. It also raised its [...]

Posted On : Apr, 25 2011 | Comments : 0

India's Central Bank Raises Rates for Sixth Time This Year

India’s central bank raised interest rates for a sixth time this year in Asia’s fastest round of increases and said the chance of further policy tightening in the “immediate future is relatively low.”The Reserve B [...]

Posted On : Nov, 02 2010 | Comments : 0

Union Bank of India stock good bet for long term

With a market capitalisation of Rs 16,000 crore, Union Bank of India is among the top public sector banks. The bank has reported a robust performance in the quarter ended June 30, 2010 on the back of higher growth in loan book and return [...]

Posted On : Aug, 02 2010 | Comments : 0

Air India board beefed up, strategic investor on cards

The government has beefed up the board of badly struggling, state-owned carrier, Air India, with the induction of four independent directors with impressive records in their respective fields and is reportedly mulling inviting a strategi [...]

Posted On : Mar, 06 2010 | Comments : 0

Banking on India's banks

The 75-basis point increase in the CRR to 5.75% didn't dampen investor sentiment much, as the central bank also raised its economic-growth outlook for the fiscal year ending March, to 7.5% from 6%, underscoring optimism that the Sout [...]

Posted On : Feb, 01 2010 | Comments : 0

INDIAN OIL MINISTER MAKES FLYING VISIT TO ANGOLA

Indian Oil Minister Murli Deora arrived here Tuesday evening for a 24-hour work visit to Angola to strengthen co-operation between the two countries. Speaking to the press after his arrival at Luanda?s 4 de Fevereiro Internati [...]

Posted On : Jan, 28 2010 | Comments : 0

Loss Rs 7,200 crore, but Air India brass to fly in style

The austerity drive is dead. At least, at Air India. It is another matter that the state-run airline is gasping for funds and survival to keep from crashing. Air India's top brass will now travel like kings with the austerity drive having b [...]

Posted On : Dec, 02 2009 | Comments : 0

India shows hedge-fund savvy with gold grab

Barack Obama and Timothy Geithner must be as annoyed as they are bewildered. Didn’t India get the memo? Developing nations are supposed to keep their excess cash in Treasuries, the US president and his Treasury secretary are no doubt [...]