Banking India Latest Information

Banking India Latest Information

Banking on India Post
The Communications Minister, Mr Kapil Sibal, wants the Reserve Bank of India (RBI) to grant a banking license to India Post. The proposal makes eminent sense, especially at a time when financial inclusion has become a pervasive buzzword.

Starbucks bets on brand as it enters India
Starbucks Corp., which this past week signed a deal to open retail stores with India’s Tata Global Beverages Ltd., is banking on its brand’s attraction within a young and increasingly affluent middle class to face domestic competition and command higher prices.

India Central Bank Allows All Private-Sector Banks To Conduct Government Business
India's central bank Tuesday allowed all private-sector banks to provide banking services to the federal and state governments.

2G: Indian banking sector should be able to absorb loan-losses, says Fitch
2G: Indian banking sector should be able to absorb loan-losses, says Fitch

Banking System
The Central Government itself has decided to reduce the working days and enhance the working hours of banks. It would have been better for the government to have consulted the Reserve Bank of India and the Indian Banks Association (IBA) in this matter.

India set to raise lending, rates kept on hold
India's central bank moved to pump billions of dollars into the banking system amid concerns about slowing growth.

India Post to take on couriers, enter banking
Plans to make it an efficient, cost-effective provider of services: Sibal

Banking licences: Ministry, RBI step up shadow-boxing
The central bank seems to be in an unusually generous mood on new banking licences. In a sharp departure from its earlier cautious stance, the Reserve Bank of India (RBI) is now in favour of giving banking licences to all the applicants that meet the eligibility criteria mentioned in the guidelines issued for this purpose.

560 Westpac jobs disappear, 150 to India
Westpac Banking Corporation is poised to axe more than 400 jobs and send up to 150 more offshore in the latest round of job cuts at the big banks.Australia's second biggest bank on Thursday briefed workers ...

SBI launches ‘Bank on Wheel’ in Nagaland
State Bank of India has launched ‘Bank on Wheel’ project in Nagaland to deliver banking services at the doorstep of rural people even where there is no branch.

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