Govt finalises bank brass reshuffle

The finance ministry has finalised the top-level reshuffle in public sector banks. Those selected have already given their consents on Tuesday after they got letters from the ministry on Monday......

Rights issue on cards for govt banks

Ahead of the implementation of Basel-III norms in the banking sector, public sector banks are looking to raise capital, with a rights issue being the preferred mode of capitalisation.Several public......

Public sector banks rule out rate cut

Ahead of the festive season, a sluggish credit growth, coupled with high cost of funds, has prompted public sector banks to look at selectively reducing interest rates on certain portfolios,......

Technology has enabled us to reduce costs and time: Infosys

India's second-largest software services exporter Infosys had placed strong emphasis on technology becoming ubiquitous and globalisation of the services industry when it started operations more......