Aug 28, 2015 at 19:49 | Source: CNBC-TV18
According to the reports, growth in aggregate deposits and gross bank credit decelerated to 10.6 percent and 8.6 percent, respectively, in June 2015 from 11.9 percent and 12.9 percent, respectively, a year ago.
Aug 28, 2015 at 13:00 | Source: PTI
The Muthoot Pappachan Group, with its flagship gold financing arm Muthoot Fincorp, has floated a new company--MPG Security Group-to take its "technologically advanced security services through emergency response teams (ERTs)" nationwide.
Aug 24, 2015 at 14:13 | Source: Firstpost.com
If bad loans are blighting their assets, soon payment banks will be stealing their low-cost deposit bases, as State Bank Chairman Arundhati Bhattacharya said the other day. This means their cost of funds will rise as competition for funds gets sharper, making it even tougher for them to provide for bad loans through higher profitability.
Aug 21, 2015 at 17:15 | Source: PTI
To counter that, SBI would be opening customer service points (CSPs) in unbanked panchayats and also train youth with minimum education so that they are able to operate a mobile phone, printer and a scanner. Bhattacharya said that the mobile wallet which SBI had recently launched, Buddy, would also work within the realm of a payments bank.
Aug 10, 2015 at 10:20 | Source: CNBC-TV18
S Naren, CIO at ICICI Prudential AMC, says at this point in time, a lot of cheap sectors/ stocks have near-term outlook constraints. Citing upstream oil companies as an example, he says they have very low margins today, but going ahead they will do very well.
Aug 04, 2015 at 13:24 | Source: CNBC-TV18
Net interest income, the difference between interest earned and interest expended, may increase 7.4 percent to Rs 2,608 crore from Rs 2,429 crore during the same period.
Jul 27, 2015 at 18:28 | Source: PTI
Bharat Wire Ropes has filed draft papers with Sebi to float an initial public offer (IPO) -- taking the total number of companies approaching the capital markets regulator since the beginning of the year to 23.
Jul 26, 2015 at 12:15 | Source: PTI
The government is encouraging public sector undertakings and private firms in the steel sector to work on research and development (R&D) projects, particularly on problems relating to utilisation of low grade ore and high ash coal, a senior official said.
Jul 24, 2015 at 08:45 | Source: CNBC-TV18
The stocks to watch out for in today's trade are Wipro, United Spirits, Rallis India on back of first quarter earnings.
Jul 13, 2015 at 09:13 | Source: PTI
Several new-age non-banking finance companies (NBFCs) like Capital Float, NeoGrowth and Capital First, as well as online finance companies such as Lendingkart and loan facilitators like SMEcorner, are tying up with e-commerce players to offer sellers quick and hassle free loans.