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Mumbai – Indian banks Monday discussed proposed changes to the corporate debt restructuring mechanism to minimize their losses and ensure that founders of stressed companies have skin in the game. The mechanism is a formal process aimed at ...
May 21, 2012 at 09:49 | Source: Wall Street Journal
New Delhi: Ratings agency Moody's on Tuesday said stricter Basel III standards set for Indian banks by RBI are credit positive as they focus on strengthening Tier-I capital. Last week, RBI released final Basel III capitalisation standards for Indian banks ...
May 15, 2012 at 09:06 | Source: MSN India
The lenders' hybrid rating is also lowered a notch to Baa2 from Baa3. "The downward revision to the three Indian banks' standalone ratings reflects Moody's assessment that their creditworthiness are highly correlated with that of the Indian government's ...
May 28, 2012 at 09:19 | Source: in.news.yahoo.com
* The banking index rallies, led by a 4.9 percent gain in the country's top lender State Bank of India, on hopes of improving asset quality in the sector. * Since reporting better-than-expected Q4 net profit on May 18, SBI shares have gained 8.5 ...
May 28, 2012 at 09:55 | Source: Reuters India
NEW DELHI, May 14 (Xinhua) -- International credit ratings agency Moody's on Monday downgraded India's three top private sector lenders -- ICICI Bank, HDFC Bank and Axis Bank -- on growing concerns over the country's sovereign debt ratings, said Indo-Asian ...
May 14, 2012 at 12:49 | Source: Xinhua News Agency
Business India News: Indian Banks have sought more time from the Reserve Bank of India to set up advanced risk management systems as part of Basel II adoption. This follows the RBI persuading leading lenders such as the State Bank of India, ICICI Bank ...
May 21, 2012 at 12:19 | Source: Kerala Next
(RTTNews) - Indian shares are seen opening slightly lower on Friday, tracking weak Asian cues after reports said some of China's biggest banks may fall short of their annual loan targets for the first time in seven years amid global economic slowdown and a ...
May 25, 2012 at 03:10 | Source: RTT News
Although no confirmation could be obtained from the public relations department of the Bank of Botswana at press time, sources close to the developments have confided to Mmegi that SBI, which is one of two Indian banks to have recently applied for a ...
May 25, 2012 at 15:13 | Source: Mmegi Online
Indian demand for gold jewelry dropped 19% on-year in the ... Official sector gold purchases, which include buying from central banks, amounted to 80.8 tons in the first quarter, a drop of 41% versus the "exceptional" buying seen in year-earlier ...
May 17, 2012 at 05:14 | Source: FOXBusiness
the Indian company said in its lawsuit. Interest-rate swaps that turned out to be costly for customers and profitable for banks have led to hundreds of lawsuits and an investigation by the U.K. Financial Services Authority into how they were sold.
May 28, 2012 at 08:15 | Source: Bloomberg