Tag: banking

Private banks at high risk of losing customers: IBM study


NEW DELHI: Private sector banks in India are at a greater risk of losing their customers on account of non-satisfactory services as compared to public sector banks, says a study by technology giant IBM. Conducted by research firm IDC, the study titled ‘Understanding the Indian Retail Banking Customer’ says push marketing is fast becoming obsolete… Read More ›

A Snapshot of PE activity & deals


Sector-wise allocations in 2013 Capital goods attracted the most investments, accounting for 29.43% of the total investments in terms of deal value, followed by software & services (21.86%) and retailing (16.27%). READ MORE… SOURCE: http://www.business-standard.com

Betting on a bank licence may backfire in NBFC space


NBFC stocks are in focus as some investors are showing renewed interest in them in the hope that they or their parent company would get a banking licence soon.  NBFC stocks are in focus as some investors are showing renewed interest in them in the hope that they or their parent company would get a banking licence soon…. Read More ›

IRDA prescribes standard format for insurance policy


Insurance regulator IRDA today prescribed a standard format for life and non-life insurance policy to improve transparency and help people take informed decisions. “…all the insurers are advised to make available all the policy servicing forms also in languages recognized under the Constitution of India so as to meet the requirements of policyholders,” IRDA said… Read More ›

Gold price futures surge on global cues


Gold prices rose sharply by Rs 285 to Rs 30,375 per 10 grams in futures trade today as speculators created fresh positions taking cues from overseas markets. At the Multi Commodity Exchange, gold for delivery in April rose by Rs 285, or 0.98 per cent, to Rs 30,375 per 10 grams, with a business turnover… Read More ›

How Raghuram Rajan spends 6 months trying to fix the fault lines


Reserve Bank of India governor Raghuram Rajan put in place rules to curb speculation in the currency markets, made it cheaper for banks to attract FCNR deposits and allowed OMCs to borrow from a special swap window. The result has been a strong rebound in the rupee. There was succour for the money market too… Read More ›

RBI-appointed Nayak panel seeks information on banks’ board meet


MUMBAI: An expert committee appointed by the Reserve Bank of India has sought minutes of board meetings from banks, a move that bankers said could be aimed at ascertaining the role of shareholder promoters in influencing the day-to-day functioning of the lenders. The Nayak committee set up to review the governance of bank boards could recommend that shareholder promoters… Read More ›

India, Sudan decide on ministerial, B2B meetings to strengthen ties


India and Sudan have decided to hold bilateral meetings at the level of ministers and business councils to strengthen ties, External Affairs Minister Salman Khurshid said in Khartoum on Tuesday. “India and Sudan enjoy an active relationship in both political and economic terms. Our bilateral trade figures are expected to reach a figure of close… Read More ›

Downgrade risk receding, trims US dollar costs for Indian companies


Mumbai: Dollar borrowing costs for Indian companies fell to an eight-month low as the nation’s improving finances reduced the prospect of a sovereign-ratings downgrade. Indian Railway Finance Corp. raised $500 million selling 3.917% five-year notes at a spread of 245 basis points on 19 February, data compiled by Bloomberg show. The state-owned rail network’s finance unit… Read More ›

Bitcoin rebounds despite probes, calls for regulation


Washington: Bitcoin values rebounded Wednesday despite investigations into the collapse of a major exchange and a call by a US senator to ban the “highly unstable” digital currency. The Bitcoin was worth $581 at 2100 GMT, according to the Winkdex index, a rise of 13% over 24 hours, following a stunning drop of more than $100… Read More ›