Banks general
RBI widens ambit for banks to deal with loan defaulters
23 Dec 2014
RBI has defined a non-cooperative borrower as a defaulter who deliberately stonewalls legitimate efforts of lenders to recover their dues, thereby narrowing the difference with a ‘willful defaulter’
ICICI Bank to hike ATM charges from 1 January
08 Dec 2014
ICICI Bank to exit Russia with sale of banking unit to lender Sovcombank
06 Dec 2014
ICICI Bank, India’s largest private-sector lender, plans to sell its Russian subsidiary ICICI Bank Eurasia Limited Liability Company to Sovcombank, a mid-sized Russian bank, for an undisclosed sum
SBI cuts deposit rates by 0,25% as lending slows
05 Dec 2014
Financial discipline will help lower lending rates, says Rajan
03 Dec 2014
By over-leveraging bank credit Indian companies are piling up debt to unserviceable levels resulting in NPAs, which keeps lending rates high, cautions RBI governor Raghuram Rajan
Time not yet ripe for rate cut, says RBI governor
02 Dec 2014
RBI governor Raghuram Rajan said if the current downward inflationary trend continues, and fiscal developments are encouraging, a change in the monetary policy stance is likely early next year, including outside the policy review cycle
Payments bank tailor-made for telcos: Crisil
28 Nov 2014
Stop protecting defaulting corporate `honchos,’ Rajan tells banks
26 Nov 2014
The amount written off by banks as bad debts in the last five years would have been enough to fund the education of 1.5 million of the poorest children in the top private universities of the country, all expenses paid,” the RBI governor said
SBI defends $1bn Adani loan against ‘crony capitalism’ charge
21 Nov 2014
SBI chief Arundhati Bhattacharya clarified that the bank has only entered into a memorandum of understanding with the group and that funds would only be released after due diligence