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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Traders suspect the Reserve Bank of India (RBI) bought bonds and actively intervened in the rupee to support sentiment ahead of the US Federal Reserve's decision to raise interest rates
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The RBI was estimated to have sold $500 million to $1 billion on Wednesday to prop up the rupee in the lead-up to the Fed meeting
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The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday (16 December), signalling faith that the US economy had largely overcome the wounds of the 2007-2009 financial crisis
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Moody's Investors Service on Tuesday said the likely interest rate hike by the US Federal Reserve this week could pose risks to some emerging markets
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The strike on January 8th is basically a shift of the two-day strike call given for the 1st and 2nd December over the same career progression issue
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Digital banking isn’t just mobile banking but it’s the ability to push relevant products to customers not only via channels such as mobile and online but even when interacting with customer service at a branch
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Banks’ cost of deposits are already locked in. It will come down only over time (with a lag) and will not reflect immediately in lower BRs. It’s a different matter that banks will pass on higher deposit costs though quickly to borrowers!
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Exhorting bankers to stop being "paranoid" about Payments Banks, ICICI Bank chief Chanda Kochhar on Wednesday (09 December) said "disruption" will happen in the industry due to technology and not because of the entry of new entities in the market
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Launched in 2010, the Yes Bank Transformation Series is a unique platform that offers students across the world an opportunity to work on real-life industry challenges faced by the financial sector
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