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Latest Articles in Banking Finance

SBI Examining Notes At ATMs After Fake Currency Report

A man got four notes of Rs 2,000 which had "Churan label" written on them in place of the official watermark

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Should You Invest Into Credit Opportunities Funds Now?

The risks associated with Credit Opportunities Funds aren't too difficult to understand - the deliberately undertaken credit risk could backfire if the issuers of the papers default, dragging down portfolio returns in tow. Our economy isn't quite out of the woods yet; in fact, we witnessed a slew of high profile downgrades just last month

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Federal Reserve Minutes Point To Rate Hike 'Fairly Soon'

Many Federal Reserve policymakers said it may be appropriate to raise interest rates again 'fairly soon' should jobs and inflation data come in line with expectations, according to the minutes of the Fed's last policy meeting released on Wednesday

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SIDBI Signs MoU With Vijaya Bank

Small Industries Development Bank of India (SIDBI) today signed a Memorandum of Understanding (MoU) with Vijaya Bank for providing concessional finance to Micro and Small Enterprises (MSEs)

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India Banking Bailout Cost 'Manageable', Says IMF

The cost of recapitalising India's struggling banks would be affordable even under a negative scenario, the International Monetary Fund said on Wednesday, urging government steps to strengthen the financial system

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Economy To Pick Up In Q4 Due To Faster Remonetisation: Patel

Patel further said that limited data available on the corporate sector performance in the third quarter suggests that sales growth may have improved relative to the previous quarter

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SEBI Eases Derivative Participation Norms For Mutual Funds

The use of derivatives is most pronounced in arbitrage mutual funds, which simultaneously buy securities in the spot market and sell their futures in the derivatives market, locking in a riskless profit in the process

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India Needs To Create Bad Bank Quickly, Says Chief Economic Adviser Arvind Subramanian

The finance ministry's chief economic adviser, said that delaying a cleanup would further reduce private-sector investment and make the problem worse for Asia's third-largest economy

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Wellness Booster With ICICI Lombard

Our Wellness program intends to motivate customers to lead a healthy lifestyle and offers specific wellness benefits

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'Conservative Investors Can Look At Medium Duration Funds'

Avnish Jain, Head - Fixed Income, Canara Robeco Asset Management Company speaks to BW Businessworld on the recent sharp spikes in bond yields, debt fund risks and the ideal strategies for bond fund investors to adopt keeping global and macro factors in mind. Edited excerpts below

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India Must Urgently Resolve Bad Debt At Lenders: RBI Deputy Governor Viral Acharya

Reserve Bank of India Deputy Governor Viral Acharya said India needs to urgently address the large amounts of bad debt held by its lenders, outlining potential solutions including the creation of public or private agencies to buy the soured loans

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HSBC's 2016 Profit Slumps 62% On Writedowns As Outlook Dims

HSBC Holdings reported a 62 per cent slump in annual pre-tax profit that fell way short of analysts' estimates as the British bank took hefty writedowns from restructuring and pointed to brakes on revenue growth

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Three Common ELSS Related Mistakes To Avoid

All the obvious advantages of ELSS Funds as an 80(C) instrument notwithstanding, they possess a few all too common pitfalls too. With under 40 days left in this fiscal, you may want to acquaint yourself with them before you make the decision to jump in with both feet

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