indian bank

More than 15 Russian banks are in advanced talks with Indian lenders to facilitate bilateral business in their respective local currencies, bypassing the established trade mechanism tied to the US dollar, and are working on building a…

State-run banks are proposing to create a central talent pool and finalise a three-year business strategy for individual banks, aiming to improve their performance and competitiveness. This talent pool will have senior-level domain…

Banks are rushing to raise funds in the short-term money market to meet increasing credit demand, which has lately outpaced deposit mobilisation amid a pronounced shrinkage in surplus liquidity. Lenders are issuing certificates of…

Russian financial institutions want to align their country's payment messaging system with the Indian messaging platform, but the Indian bankers and authorities are reluctant to pursue the idea. According to Russian banks, connecting the…

NEW DELHI: Struggling-to-survive SpiceJet has denied agency reports that IDFC First Bank, Yes Bank and Indian Bankhave put their loans to the airline in the high-risk category. Citing sources, agency reports had said, concerned about…

Kolkata: State-owned reported a mere 3% rise in June quarter net profit at Rs 1213.4 crore against Rs 1181.7 crore in the year-ago period, largely due to lower provisions. Total income expanded marginally due to lower other income. The…

Bangladesh is seeking a bailout from the International Monetary Fund; Pakistan is expected to receive its own $1.2 billion rescue deal soon. Neither wants to end up another Sri Lanka. The island nation was pulled into a vortex of empty…

NEW DELHI: India's central bank this week introduced a new mechanism for international trade settlements in rupees, aiming to promote exports and facilitate imports. Besides promoting international use of the local currency, many…

The Reserve Bank of India's move to put in place a mechanism to settle international trade in rupees will boost tea and basmati rice exports to Russia and Iran, where they had been facing problems over payment. Russia and Iran are major…

Nifty futures on the Singapore Exchange traded merely 0.5 points, or 0.01 per cent lower at 15,722, signaling that Dalal Street was headed for a flat start on Friday. Here are a dozen stocks which may buzz the most in today's trade:…