ICICI Bank will be spending Rs 200 crore on social sector projects this fiscal and meet the mandatory 2 per cent CSR spend norms, its chief Chanda Kochhar said on Wednesday
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Other candidates were considered to replace Patel, government sources said, but the government did not want to risk disrupting the current direction of the bank, while also wanting to retain a deputy with the intellectual clout to complement Rajan
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THE ‘Milk-To-Money ATM’ system generates payment instructions for farmers by the amount and quality of milk deposited in the machine
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Evolution of Payments ecosystem from cheques to E-wallets. Can the new generation Payments bank really make a dent in the ecosystem?
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RBI Governor Raghuram Rajan on Wednesday said domestic policies need to be carefully calibrated to withstand global headwinds due to China’s slowdown and the US rate hike, even though India remains “relatively better placed” to handle volatilities
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Risks to India's banking sector have risen in the last six months, given a deterioration in asset quality and lacklustre corporate profit growth, according to a report released by the Reserve Bank of India on Wednesday
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India's banks say they expect credit growth to pick up moderately this financial year after falling to an almost two-decade low, as consumer confidence grows and companies resume borrowing to keep plants running and fund new projects
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Set up over a decade ago to absorb India's mountain of distressed loans, asset reconstruction companies have done little to recover cash or relieve a debt-choked banking system.
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