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About 14 results for "foreign lender rsquo"

It's time govt started taking decisions: Deepak Parekh
Rediff.com

It's time govt started taking decisions: Deepak Parekh

Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India’s largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation. In an interview with Shyamal Majumdar & Manojit Saha, he also backed the Reserve Bank of India’s decision to hold interest rates and said he expected only a marginal rate cut in 2015. Excerpts: Do you share the general exuberance ... Rediff.com, 2 months ago
Himalayan times

BIZ BRIEFS: HDFC Bank stake

MUMBAI: India’s foreign investment regulator has approved raising the foreign holding limit in the second-biggest private sector lender HDFC Bank Ltd but counts its parent’s holding as foreign, the Business Standard newspaper reported on Saturday.
 Himalayan times1 month ago
Rediff.com

Carry your bank everywhere, literally

With transactions increasingly migrating to the digital medium, lenders are transforming and scaling up their online offerings Sudhanshu Shekhar, a 30-year-old software executive in Bengaluru, has never been to a bank branch ever since he opened his account one-and-a-half-years ago. He prefers to bank online, depending on the digital medium for all his banking needs. Bankers admit that such instances are now fairly common, as new-age customers have neither the time nor the inclination to visit ...
 Rediff.com1 hour ago
Rediff.com

RBI revises rules on reporting of bad loans

The Reserve Bank of India issued new guidelines on Tuesday on the reporting of bad debt and the working of the Joint Lenders’ Forum.It said banks will be permitted to report their SMA-2 (Special Mention Accounts) and JLF formations on a weekly basis, at the close of business on every Friday. If a holiday, banks will have to report the details on the next working day.Earlier, RBI had set up three categories of SMAs. These were SMA-0, where principal or interest payment was not overdue for ...
 Rediff.com2 months ago
Rediff.com

After a brief fall; sensex ends flat; FMCG, auto drag

Benchmark share indices ended lower for the fifth straight day, amid volatile trading session, with the Nifty closing below the crucial support level of 8,050 on concerns that slowdown in global growth could reduce the pace of foreign inflows into emerging markets. The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030. During the early trades, the 30-share Sensex was down 230 points at 26,550 and the 50-share Nifty was down 79 points at ...
 Rediff.com4 days ago
Rediff.com

High-profile bankers find it tough to turn around small private banks

Poor governance, constant interference of promoters, opposition from unions and talks of being an acquisition target seen as main deterrents. Private sector banks, particularly the old generation ones, have a habit of choosing their chiefs and senior management executives from among bankers who have previously worked with foreign lenders. These bankers are expected to bring in new ideas, use their expertise in scaling up operations and ensure profitable growth across businesses.  But not ...
 Rediff.com1 week ago
Rediff.com

ICICI Bank goes slow on hiring for now

ICICI Bank, which more than doubled its headcount in the past five years, has decided to go slow on hiring for now. The country’s largest private sector lender has paused on fresh recruitment and, in many cases, isn’t even replacing those leaving the company. Instead, it is focusing on improving the productivity and efficiency of its existing workforce. “We believe given our scale of operations, employee additions through the last two years and our aspirations in terms of ...
 Rediff.com4 weeks ago
Rediff.com

Sensex, Nifty end at record highs; banks, capital goods rally

The 30-share Sensex surged 267 points to end at 28,335 and the 50-share Nifty gained 75 points to close at 8,477. The markets scaled fresh all-time highs led by a strong rally in banking shares following Kotak Mahindra Bank’s acquisition of ING Vysya. Further, strength in the global markets lifted the sentiments of the market participants. Investors will watch out for Monday as the parliament convenes its winter session in which the government is confident of passing legislation to allow ...
 Rediff.com1 month ago
Rediff.com

Markets snap 2-day losing streak; Nifty ends above 8,400

IT shares like TCS, Infosys and Wipro gained by over 1% on the back of depreciating rupee. Markets have closed marginally higher amid volatility led by buying among defensive sectors like pharma and IT shares. However, selling pressure in select metal, auto and bank shares capped the upside gains. Investors have turned cautious ahead of the winter session of Parliament which begins next week and RBI's policy review due on December 2. The 30-share Sensex ended higher 35 points at 28,068 while ...
 Rediff.com1 month ago
Rediff.com

Sensex ends flat after hitting life-time high of 28,283

The Sensex ended 15 points lower at 28,163 after hitting life-time high of 28,282.85 and the Nifty ended down 5 points at 8,426 after touching an all-time high of 8,454.50. B enchmark share indices came off their fresh record highs to end marginally lower weighed down by profit taking in IT majors and mortgage lender HDFC. The Sensex ended 15 points lower at 28,163 after hitting life-time high of 28,282.85 and the Nifty ended down 5 points at 8,426 after touching an all-time high of ...
 Rediff.com1 month ago
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