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India bankers News

22 Aug 2015

Banks' aversion to higher interest may hurt India plan to draw out gold stocks

Indian lenders do not want to raise interest on gold deposits much beyond 1 percent, bankers said, which could derail a government plan to cut massive imports by mobilising tonnes of gold now stored in households and temples.

24 Dec 2014

PM to brainstorm with bankers on PSB reforms on Jan 3

Prime Minister Narendra Modi will hold discussions with bankers on January 3 at Pune to draw an "action plan" for reforms in the public sector banks (PSBs).

06 Oct 2014

Banks request clarity on tax treatment over bonds under Basel3

Clarity on taxation would help investors in putting money into such instrument without hesitation.

05 Aug 2014

Interest rate to say high as bankers see no rate cut in FY15

Bankers on Tuesday said there is little chance of a rate cut in remainder part of the current fiscal as the Reserve Bank kept key policy rates unchanged except cut in SLR in its bi-monthly monetary policy review.

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