Search Results for 'po'

Corporates get entry into banking with riders

The Reserve Bank of India has allowed private sector groups to seek banking licences through a wholly-owned non-operative holding company (NOHC) to be registered with the RBI as a non-banking finance company. In its draft guidelines for l [...]

Posted On : Aug, 30 2011 | Comments : 0

Capital One's Deals Forge Strategy For Post-Crisis Banking

Capital One Financial Corp. (COF) has found a way to grow despite the lingering hangover from the financial crisis. Its method: Do deals. While the Dow Jones Industrial Average fell 1.5% last week, the McLean, Va., ban [...]

Posted On : Aug, 16 2011 | Comments : 0

Banking companies oppose nationalisation

It says ANC Youth League president Julius Malema's repeated calls for nationalisation are "worrying". Sandisiwe Gugushe, spokesman for the Banking Association of South Africa, said it would continue to debate nationalisation [...]

Posted On : Jun, 29 2011 | Comments : 0

Lloyds Opposition to Branch Sales Risks Probe

Lloyds Banking Group Plc (LLOY) should recognize it risks a protracted and costly competition investigation if it ignores pressure to sell more assets, according to a person with knowledge of the situation. While the bank last week off [...]

Posted On : Jun, 15 2011 | Comments : 0

Banking industry posts double-digit profit growth

The consolidated income of universal and commercial banks in the country continued to register double-digit growth, supporting projections by regulators that industry profit would rise this year as demand for bank products and services in [...]

Posted On : May, 30 2011 | Comments : 0

Banking on savings deposits

Most of the discussions on the Reserve Bank of India's (RBI) 'Discussion Paper' on deregulating the interest rate paid by banks on savings deposits have focused on the micro level; on what deregulation could mean for individua [...]

Posted On : May, 16 2011 | Comments : 0

Sensex up by 216 points on rise in banking, metal and realty

Fresh buying at banking, metal and realty counters pushed up the BSE benchmark Sensex by 216 points in early trade today despite mixed global cues. The BSE benchmark Sensex resumed higher at 18,362.45 and shot up further to 18,563.75 befo [...]

Posted On : May, 13 2011 | Comments : 0

Banking report to blame 'herd mentality'

THE NYBERG report has spared the former Fianna Fáil-led government from its most severe criticism of systemic failures of governance in Ireland, according to a source familiar with its contents. The report of the inquiry into the [...]

Posted On : Apr, 18 2011 | Comments : 0

Polaris to implement RBI's core-banking solutions

The Reserve Bank of India (RBI) has chosen Chennai-based Polaris Software Lab to implement its core banking solutions , intended to integrate its operations across all its departments and offices. The RBI has 22 regional offices , most o [...]

Posted On : Apr, 12 2011 | Comments : 0

Bank of Japan to support markets as state fears economic imp...

The Bank of Japan is ready to step in and stabilise the country's financial markets with an injection of up to Y3 trillion (£22.8bn) into the banking system today, as a senior government official admitted the economic impact of [...]

Posted On : Mar, 14 2011 | Comments : 0

AIB, Bank of Ireland plan internal splits-report

Ireland has pledged to restructure and shrink its banking sector under an EU/IMF bailout deal to end the lenders' dependence on emergency funding from the European Central Bank and its own central bank. Citing banking sources, th [...]

Posted On : Mar, 07 2011 | Comments : 0

Standard Chartered Bank appointment

Standard Chartered Bank (Pakistan) Limited has appointed Imran Sarwar as the Head of Origination and Client Coverage (OCC), a statement said on Wednesday. “Imran Sarwar’s appointment highlights Standard Chartered’s [...]

Posted On : Mar, 04 2011 | Comments : 0

U.A.E. Central Bank Would Like 85% Loan-Deposit Ratio, Gulf ...

The United Arab Emirates central bank would be happy to see a loan-to-deposit ratio of 85 percent for the country’s banking system, Gulf News reported, citing governor Sultan Bin Nasser al-Suwaidi. Banks in the federation had a loa [...]

Posted On : Feb, 28 2011 | Comments : 0

‘SBP to provide supportive policy for Islamic Banking’

The central bank is committed to provide an enabling and supportive legal, policy and regulatory framework for the development of the Islamic banking industry on sound footings in the country, said Yaseen Anwar, Deputy Governor State Ban [...]