Apr 13, 2014 at 12:19 | Source: PTI
State-owned Punjab National Bank (PNB) has opened 120 new branches across the country to mark its 120th Foundation Day. The bank started its operation on April 12, 1895, in Lahore, now in Pakistan.
Apr 12, 2014 at 15:46 | Source: PTI
"Remittances have become a major component of the balance of payments of nations. India led the chart of remittance flows, receiving USD 70 billion last year (2013), followed by China with USD 60 billion and the Philippines with USD 25 billion," said Kaushik Basu, Senior Vice President and Chief Economist of the World Bank.
Apr 11, 2014 at 19:02 | Source: Reuters
India's sovereign ratings benefit from relatively high real GDP growth: the five-year average is 6.7 percent, compared with the median of 3.2 percent for peers in the 'BBB' rating category (sovereigns rated 'BBB-', 'BBB' and 'BBB+').
Apr 10, 2014 at 18:16 | Source: PTI
The RBI said all foreign banks that become wholly owned subsidiaries will be given near-national treatment, apart from capital gains tax and stamp duty benefits.
Apr 10, 2014 at 11:38 | Source: CNBC-TV18
Rajat Bose of rajatkbose.com is of the view that State Bank of India may head higer and test Rs 2300.
Apr 10, 2014 at 09:44 | Source: CNBC-TV18
According to Sanger, the market rally is more of an emerging market phenomenon rather than on elections. The entire EM basket has rallied since mid-March. We expect more upside for emerging market equities, he told CNBC-TV18 in an interview.
Apr 09, 2014 at 21:00 | Source: PTI
The US economy is gaining strength, setting the stage for normalisation of monetary policy, Jos Vials, IMF's Financial Counsellor said. In Europe, better policies have led to substantial improvements in market confidence in both sovereigns and banks. In Japan, Abenomics has made a good start and confidence for the future is rising.
Apr 09, 2014 at 14:45 | Source: CNBC-TV18
Krish Subramanium of Asit C Mehta Investment Intermediates is of the view that one may book some profits in Punjab Natiobal Bank.
Apr 08, 2014 at 11:31 | Source: CNBC
"I would think we have probably bottomed out. We will have growth coming in next year which will be better than now," said Aditya Puri, managing director of HDFC Bank said.
Apr 06, 2014 at 15:05 | Source: PTI
Notably, financial institutions raise resources at higher single digit interest rates domestically through various channels.