RBS turns to an architect of "light touch" regulation
The man synonymous with the "light-touch" regulation which allowed Royal Bank of Scotland to spiral out of control before its 45.5 billion pound ($71 billion) government rescue looks set to guide it back to private hands.
Feb 26, 2015, 18:15 PM IST
RBS to slash investment banking after huge loss
Royal Bank of Scotland will end investment banking in the Middle East and Africa and "significantly" reduce its presence in Asia and the US after a seventh-straight annual loss, the state-rescued lender said Thursday.
Feb 26, 2015, 17:47 PM IST
Black money: FICCI lists reform steps to curb menace
To curb the menace of black money, industry body Ficci Thursday suggested incentivisation of transactions through banking channels and a suitable framework for taxation of agricultural income.
Feb 19, 2015, 21:29 PM IST
Ambanis, Birlas, Mittal among 113 vying to be niche banks
At least 113 entities, including top corporates such as RIL, Aditya Birla Group, Airtel, Vodafone and Future Group, have approached the RBI to seek licences for setting up payment or small finance banks.
Feb 03, 2015, 11:59 AM IST
Banks allowed setting-up cash depositors without RBI nod
The Reserve Bank has allowed banks to install cash deposit machines at their selected locations without getting its prior permission.
Feb 02, 2015, 23:39 PM IST
Branchless banking can help expand formal banking: PwC
Branchless banking and shift from the traditional to low-cost solutions like solar ATMs will help bring more people under the formal banking ambit, a report said.
Feb 02, 2015, 21:29 PM IST
Swiss bank on safe haven label to become world's data vault
Switzerland, facing an erosion of the banking secrecy laws that helped make it the world's banker, is now touting its reputation as a safe and stable haven to become a global data vault.
Jan 28, 2015, 22:34 PM IST
Banks to pay fine if they exceed required remit period: RBI
Banks will be liable to pay penalty for failing to remit government fund within the required time frame, the Reserve Bank said Wednesday.
Jan 21, 2015, 22:47 PM IST
Citigroup profit falls on legal and restructuring charges
Citigroup Inc, in the midst of a pullback from consumer banking in a number of international markets, eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul operations.
Jan 15, 2015, 20:43 PM IST
China bank lending up in 2014 as govt seeks credit boost
China`s bank lending rose to $1.60 trillion in 2014, the central bank said Thursday, as the government sought to loosen credit to spur faltering growth in the world`s second-largest economy.
Jan 15, 2015, 14:50 PM IST
ECB ready to decide on QE by January meeting: Official
The European Central Bank is not divided over the issue of sovereign bond purchases and will be in a position to reach a decision this month, two top officials said Tuesday.
Jan 13, 2015, 15:50 PM IST
Bank of Baroda to raise Rs 1,000 crore through bonds soon
State-owned Bank of Baroda (BoB) plans to raise Rs 1,000 crore from bonds soon to fund business expansion.
Jan 11, 2015, 15:49 PM IST
Japan's regional banks face stress test for ultra-low rates
Japan's financial regulator is running stress tests to see if too much cash in the system is stifling smaller banks' ability to earn, unlike regulatory tests elsewhere that have been designed to see whether lenders had enough capital to cope with financial shocks.
Dec 29, 2014, 16:41 PM IST
Better to keep industry promoters, banking separate: Parl panel
The decision to allow industrial houses to promote new banks has faced sharp criticism by a Parliamentary panel, which said it would be "more in the fitness of things" to keep industry and banking separate.
Dec 16, 2014, 22:34 PM IST
Reserve Bank planning more measures for NBFCs
The Reserve Bank of India (RBI) is considering more measures for non-banking financial companies (NBFCs), including more oversight and bringing state-owned firms under central bank supervision, Deputy Governor R. Gandhi said in a speech on Sunday.
Nov 24, 2014, 17:45 PM IST
Rural banking: 'Jan Dhan may help PSBs break into profits'
Higher business per branch and the business correspondents model may help public sector banks become profitable in rural areas over the next five years, driven primarily by ongoing Jan Dhan scheme, says a report.
Nov 17, 2014, 21:57 PM IST
Axis Bank hits overseas debt market with $500-mn issue
Top private lender Axis Bank on Monday hit the overseas debt market with a benchmark issue to raise atleast USD 500 million in a 5.5-year money, merchant banking sources said here.
Nov 17, 2014, 20:37 PM IST
FSB eyes new rules to end too-big-to-fail banks
The Financial Stability Board, a global banking watchdog, proposed Monday new rules that would push mega-banks to double their financial buffers in order to shield economies and taxpayers if they collapse.
Nov 10, 2014, 23:05 PM IST
IDFC plans to hire 1500 personnel for banking ops
As it readies to convert itself into a full-fledged bank, IDFC has said it will be hiring around 1,500 professionals in the run-up to the launch.
Nov 02, 2014, 13:21 PM IST
China's shadow banking sector growing rapidly, third largest in world: FSB
China`s shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board showed on Thursday.
Oct 31, 2014, 09:35 AM IST
