SBI eyes 25 per cent deposit growth in FY14
Sunday May 19, 2013
State Bank of India (SBI) is projecting a 25 per cent deposit growth during the current fiscal year compared to 14.85 per cent in 2012-13.
Cobrapost allegations: Nabard chief gives clean chit to co-operative banks
Sunday May 19, 2013
Amid allegations of co-operative banks being used as conduits for money laundering, the National Bank for Agriculture and Rural Development (Nabard), which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any...
Markets week ahead: Sensex risks consolidation; SBI earnings
Saturday May 18, 2013
The BSE Sensex runs the risk of some consolidation after indexes ended at their highest close since November 2010 on Friday.
SBI says overseas business margins under pressure
Saturday May 18, 2013
State Bank of India (SBI) would review returns from its foreign and domestic business after margins overseas came under pressure, the country's largest banker said on Saturday.
World Bank says China, India to be biggest investors by 2030
Friday May 17, 2013
India and China are expected to be the largest investors among developing countries by 2030, with the two Asian giants accounting for 38 per cent of global gross investment, a World Bank report said today.
Sensex rises over 100 points, Nifty nears 6200
Thursday May 16, 2013
The BSE Sensex opened lower on Thursday, but quickly rebounded, rising over 100 points to take out the 20,300 levels. The 50-share Nifty gained another 40 points and neared the key 6,200 mark.
Sensex up 400 points, Nifty hits 28-month high
Wednesday May 15, 2013
Indian markets rallied sharply on Wednesday, with the BSE Sensex rising over 400 points and the broader Nifty hitting a new 52-week high of 6,124, up nearly 130 points. The Sensex traded above the psychological 20,000 mark.
Sensex up 300 points; regains 20000 on rate cut hopes
Wednesday May 15, 2013
The BSE Sensex broke above the psychological 20,000 mark on Wednesday as banking stocks surged on hopes that the Reserve Bank will cut rates in June after April inflation eased to a 41-month low.
Sensex edges higher; easing inflation lifts banks
Tuesday May 14, 2013
The BSE Sensex edged up on Tuesday as lenders such as State Bank of India and Axis Bank gained after a key wholesale inflation index eased to the lowest in more than three years, spurring hopes the RBI would continue to cut interest rates.
For banks in $45 million cyber heist, how to get their money back?
Reuters | Sunday May 12, 2013
Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say.
Reliance Industries rejigs investment portfolio; exits four banks
Sunday May 12, 2013
In a major revamp of its investment portfolio, Reliance Industries Ltd has sold off its holdings in four banks, HDFC Bank, Axis Bank, Canara Bank and PNB, but has tanked up its holdings in two others -- SBI and ICICI Bank.
Indian companies at center of global cyber heist
Sunday May 12, 2013
EnStage Inc, which operates from Bangalore, and ElectraCard Services, which is based in Pune, processed card payments for the two Middle Eastern banks that were hit in the theft, according to several people familiar with the situation.
Bank non-performing assets likely to be at 4.4 per cent in FY14: Fitch
Friday May 10, 2013
According to international rating agency Fitch, the asset quality woes of banks are unlikely to ease any time soon and the gross non-performing assets are set to inch up to 4.4 per cent this fiscal from the likely reading of 4.2 per cent in 2012-13.
No criminality in Cobrapost findings, says SBI
Thursday May 9, 2013
Bank officials' advices of splitting deposits to evade taxes, as exposed in a sting operation by an online news portal, are "undesirable loose talks" but there is no apparent criminality, SBI chairman Pratip Chaudhuri said on Thursday.
SBI projects 16 per cent loan growth in FY14
Thursday May 9, 2013
State Bank of India (SBI) expects to register a lower loan growth rate of 16 per cent for the current fiscal as the demand for advances from the industrial sector is "weak", the country's largest lender said on Thursday.
