HDFC Bank, India's largest lender by market value, said it is beginning to see "green shoots" in corporate loan growth, as companies begin to borrow and spend again after almost two years of reining in
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The average duration for insolvency resolution is at a high of 4.3 years compared to the south-Asian region’s average of 2.6 years and that of Organisation for Economic Co-operation and Development high-income countries (1.7 years)
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Haunted by memories of India's 2013 markets crash, the country's central bank is engaging in a tricky balancing act with domestic yields to keep volatility out of its bond markets ahead of the Federal Reserve's historic policy decision this month.
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A day after the Reserve Bank held its rates unchanged, foreign brokerage Bank of America Merrill Lynch on Wednesday (02 December) said it expects RBI will go for a 0.25 per cent cut at the next review in February on inflation coming under control, lending rates being high and sagging growth
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The Reserve Bank of India kept its key repo lending rate unchanged at 6.75 per cent on Tuesday (01 December), as widely expected, after consumer inflation picked up to a four-month high and as emerging markets brace for a hike in US interest rates
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Private sector lender Yes Bank on Tuesday said it has signed loan agreements worth $265 million with OPIC and Wells Fargo to support small business growth in India.
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What’s will be of interest is how Mint Road views the poor transmission of past rate cuts. In its September review, Mint Road had obliged with a repo rate cut of 50 basis points (bps) to 6.75 per cent -- a four-and-half-year low.
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The whole issue of rupee stability in the backdrop of chances that US Fed may raise the interest rates, would influence the monetary policy and the industry must be prepared for the unfolding events
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Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clients and their tax situation, has been sentenced to five years in prison for aggravated industrial espionage, the bank said on Friday
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HSBC Holdings Plc will shut its private banking business in India, a spokesman said, marking the exit of another foreign bank from the cut-throat business in Asia’s third-largest economy
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