Mar 05, 2015 at 08:40 | Source: PTI
The money raised will be utilised for funding requirements of the bank's foreign branches and for general corporate purposes, the bank said in a statement.
Mar 05, 2015 at 08:23 | Source: Moneycontrol.com
It is the day after the big storm. Yesterday the first half was all euphoria, Sensex hitting 30,000 and second half was all panic, the Sensex going back to 29,500. Anuj Singhal of CNBC-TV18 has more details.
Mar 03, 2015 at 18:11 | Source: PTI
Recently, the government infused Rs 6,990 crore into nine out 28 state-run banks, based on their return on equity and return on assets against a budgeted Rs 11,200 crore.
Mar 03, 2015 at 15:46 | Source: Reuters
The RBI unexpectedly cut interest rates in January but held rates steady at its policy review in February.
Mar 03, 2015 at 08:46 | Source: PTI
To deal with the global financial crisis, many central banks around the world are printing money and reducing interest rates to very low levels. With countries like India offering high interest rates, significant foreign inflows have been witnessed in debt.
Mar 02, 2015 at 19:44 | Source: CNBC-TV18
The report is a recommendation given by a working group, so it is not yet the law. The priority sector used to take away 40 percent of the total loans given and there is a status quo over that.
Mar 02, 2015 at 18:47 | Source: CNBC-TV18
For the banking community, this Budget was bitter-sweet, it brought cheer to some, but left many disappointed too. For the private lenders, the Finance Ministers move to remove the distinction between Foreign Portfolio Investments (FPIs) and Foreign Direct Investment (FDIs) has brought immense relief.
Mar 02, 2015 at 12:26 | Source: CNBC-TV18
What the Budget announcement did is they have merged the limit of foreign institutional investors (FIIs) and foreign direct investment (FDIs) in bank stocks, which means irrespective of whether the FII holding is at 49 percent, FIIs can buy up to 75 percent in a clubbed way in private bank stocks.
Mar 02, 2015 at 11:00 | Source: Moneycontrol.com
Axis Bank continues to gain. Credit Suisse says this Budget provide more reason to be overweight on private banks. With FII and FDI limits being merged the foreign limit for private banks will go upto 74 percent and key beneficiaries will be Axis and YES Bank.
Mar 02, 2015 at 09:14 | Source: CNBC-TV18
Companies related to railways, renewables and infrastructure are also likely to benefit going ahead, said Hiren Ved.