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'India Financial Services' - 1000 News Result(s)

  • Banks Gain on Rate Cut Hopes; Axis Bank Leads

    Banks Gain on Rate Cut Hopes; Axis Bank Leads

    Axis Bank , which reported its second quarter earnings on Friday, was the top gainer on the banking sub-index on the BSE. Nomura on Monday raised its target price on Axis Bank from Rs 460 to Rs 490 citing a beat in its pre-provision operating profit ...

  • Mastercard's Ajay Banga Among World's Best Performing CEOs: Report

    Mastercard's Ajay Banga Among World's Best Performing CEOs: Report

    Financial services giant Mastercard's CEO Ajay Banga is the sole Indian-origin top executive in a list of 100 best-performing CEOs in the world compiled by the prestigious magazine Harvard Business Review (HBR), with Amazon CEO Jeffrey Bezos topping ...

  • SEBI Confirms Ban for Hong Kong-based Hedge Fund

    SEBI Confirms Ban for Hong Kong-based Hedge Fund

    In an interim order issued in June, SEBI had banned Factorial on suspicion that the hedge fund had shorted L&T Finance Holdings Ltd, an Indian financial services company, before the announcement of a share sale in the company in mid-March.

  • State Lenders Eye Sale of Family Silver to Raise Cash: Report

    State Lenders Eye Sale of Family Silver to Raise Cash: Report

    India's state-owned banks, weighed down by bad loans and lacklustre profits, could within months begin the sale of billions of dollars of unwanted assets to help raise cash needed to meet tougher regulation.

  • Axis Bank Cuts Base Lending Rate by 0.10%

    Axis Bank Cuts Base Lending Rate by 0.10%

    Axis Bank Ltd, India's third-biggest private sector lender, said on Thursday it cut its base lending rate by 10 basis points, effective October 15, becoming the first bank to cut lending rate in recent months.

  • Raghuram Rajan Says Broad Consensus on RBI Restructuring

    Raghuram Rajan Says Broad Consensus on RBI Restructuring

    The central bank will also allow more participation in the currency futures market, expanding the scope for investors to hedge, Dr Rajan told students at a business school in Hyderabad.

  • RBI to Invite Applications for Bank Licences Soon: Financial Services Secretary

    RBI to Invite Applications for Bank Licences Soon: Financial Services Secretary

    The Reserve Bank of India (RBI) will soon invite applications for licences in three categories - small banks, payment banks and universal banks - to achieve financial inclusion target, Financial Services Secretary G S Sandhu said on Wednesday.

  • RBI to Issue Guidelines for Small Finance Banks Soon

    RBI to Issue Guidelines for Small Finance Banks Soon

    The Reserve Bank of India (RBI) would issue guidelines for small finance banks in a few weeks as it pushed for financial inclusion backed by technology.

  • Insurance Regulator to Align Corporate Governance, Disclosure Norms With Companies Act

    Insurance Regulator to Align Corporate Governance, Disclosure Norms With Companies Act

    The Insurance Regulatory and Development Authority of India (IRDA) has said it will align its corporate governance and disclosure norms in accordance with the new Companies Act, 2013. It has also set up a 12-member committee under its member R K Nair...

  • SBI Links ATM Charges to Account Balance

    SBI Links ATM Charges to Account Balance

    India biggest bank State Bank of India (SBI) has come up with new norms for ATM transactions, offering more free ATM usage for customers maintaining higher account balance.

  • RBI Unlikely to Cut Rates Despite Fall in Inflation: Analysts

    RBI Unlikely to Cut Rates Despite Fall in Inflation: Analysts

    Even though headline retail inflation in India eased to a five-year low of 6.5 per cent in September, analysts say the Reserve Bank is unlikely to cut its key rates in the remaining period of this fiscal year.

  • Bank Shares Jump as WPI Hits 5-Year Low

    Bank Shares Jump as WPI Hits 5-Year Low

    The Bank Nifty recovered sharply to trade 0.42 per cent higher at 15,744 after hitting a low of 15,560 during the intra-day. Axis Bank gained 2.4 per cent higher, while IndusInd Bank was up 2.2 per cent at Rs 649.

  • RBI Asks Banks to Comply With One Address Proof Norm

    RBI Asks Banks to Comply With One Address Proof Norm

    RBI Asks Banks to Comply With One Address Proof Norm

  • RBI Relaxation to Help Banks Meet January 2015 LCR Target: Crisil

    RBI Relaxation to Help Banks Meet January 2015 LCR Target: Crisil

    A recent revision in liquidity guidelines under the Basel-III framework by the Reserve Bank of India (RBI) will help lenders meet the 60 per cent liquidity coverage ratio (LCR) threshold set for January 2015, ratings agency Crisil said on Monday.

  • Central Bank of India Cuts Deposit Rates on Various Maturities

    Central Bank of India Cuts Deposit Rates on Various Maturities

    Central Bank of India has announced a reduction in its deposit rates on various maturities in the range of 5 to 175 basis points here on Monday.

  • Telenor Keen on Setting Up 'Payments Banks' in India

    Telenor Keen on Setting Up 'Payments Banks' in India

    Norwegian telecom major Telenor has said that it is evaluating the 'payment banks' business opportunity in India.

  • Metro ATM Users Get Some Relaxation

    Metro ATM Users Get Some Relaxation

    The Reserve Bank of India (RBI) on Friday said the number of free transactions in a month at non-home ATMs would remain three in the six identified metros but customers of these centres can use their cards without cost two more times in non-metro cen...

  • Reserve Bank Seen Holding Rates Till March: DBS

    Reserve Bank Seen Holding Rates Till March: DBS

    The Reserve Bank of India (RBI) is unlikely to cut the interest rates this fiscal year as the retail inflation trajectory may be distorted by base effects over the next six months, according to a research report by DBS.

  • Government Close to Allowing Euroclear Settlements for Sovereign Funds: Report

    Government Close to Allowing Euroclear Settlements for Sovereign Funds: Report

    India is close to allowing sovereign wealth funds to settle government bonds on Euroclear, the world's largest securities settlements system, and is likely to set aside up to $3 billion for these long-term investors, according to two officials aware ...

  • Have Political Will to Undertake Financial Reform: RBI Chief

    Have Political Will to Undertake Financial Reform: RBI Chief

    Underscoring the need for financial sector reforms, Reserve Bank of India Governor Raghuram Rajan has stressed that the "time to deliver begins now" and there is political will to undertake reforms and improve the countrys economic growth.

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