Fitch Ratings has revised the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of India-based financial institutions to Negative from Stable, while affirming the

Banks need a radical overhaul to boost profitability against the backdrop of tougher new rules and a grim economy - and they expect their customers to share some of the pain.

That is the view of bank

A massive capital raising is in the offing by Indian banks as they are expected to raise over USD 30 billion (Rs 1.67 lakh crore) over the next five years to cater to their growth requirements and Bas

Two years ago, Vilas Yelmar took out a Rs 200,000 bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai.

The bank has repeatedly asked for the loan to be repaid, but Yelma

State-run Indian banks are likely to give in to a government directive and lower lending and deposit rates within the next few days after the RBI made a deeper than expected cut to its policy rate on

After three holidays this week, all public sector and many private banks would function full day on Saturday.

Banks usually are open for public dealings between 10 a.m. and 1 p.m. on Saturdays.

Ho

Deposit growth at Indian banks fell short of the Reserve Bank of India's (RBI) projection for fiscal 2011-12 that ended in March amid an acute liquidity crunch as customers withdrew funds to cope with

Bank lending to the priority sector grew by just 5 per cent on an annualised basis in December, 2011, because of lower offtake in the agriculture and MSME segments, besides a decline in micro credit.

Public sector banks have an exposure of about Rs 10,000 crore in the telecom companies whose licences were cancelled by the Supreme Court in connection with 2G scam.

"The public sector banks have an

Following a steep rise in bad assets in the past two quarters, public sector banks are devising various ways to ramp up the recovery in the rest of the fiscal, such as setting up special recovery ce