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Journey begins for new banks

Rajiv Lall, Executive Chairman, IFDC. Photo : Bijoy Ghosh “It is a marathon, not a sprint. It is a six plus three-year process. In the first three years it is all about stabilisation, compliance and experimentation. The next three years are about... »

RBI opens the field wider for foreign investments

To attract more investments into the equity and debt markets, the Reserve Bank of India has decided to put in place a framework for investments which allows foreign portfolio investors to p... »

Muthoot Fincorp to offer gold loans at lower rate to women

Gold lender Muthoot Fincorp today said it will be offering a two percentage point discount to women borrowers for loans under Rs 50,000 for a limited period in view of International Women’s Day to... »

Banking nod will help boost IDFC’s ‘credit profile’

Reserve Bank of India’s in-principle approval of a bank licence to IDFC Ltd will be beneficial to its credit profile in the long term, provided the transition is managed appropriately, according t... »

Banks cautiously optimistic on lending to small units

In the context of increasing concerns over bad loans, banks are now playing it safe when extending loans to small businesses, a segment that throws up both opportunities and risks for banks. ... »

PSU bank bad debts continued to shoot up last quarter

The share and value of the top 30 bad-debt accounts of public sector banks rose in the October-December 2013 quarter. These bad debts, or non-performing assets (NPA), were all from the corporat... »

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