The State Bank of India, which ranks first among local lenders in terms of overseas presence, is in final stages of opening 23 more branches abroad in the next four months.With this the total number of SBI branches in foreign

In a bid to improve its profit margins, Oriental Bank of Commerce, is working on a strategy to re-price its high cost deposits. It is also contemplating improving its current account and savings account deposits (CASA). However, the immediate focus

The good growth numbers have raised concerns that Reserve Bank of India might soon take measures to absorb excessive liquidity in the banking system, which in turn could push up the prices of assets and commodities.Bankers feel that huge surplus

Very soon, a grocery shop, a petrol pump or a PCO could offer an array of banking services such as opening accounts from their premises.RBI has recently allowed the banks to appoint these units to act as their agents and

Banks may demand more time for meeting the deadline to implement International Financial Reporting Standards (IFRS). Presently the banks are required to meet the deadline by March 2011.The Indian Banks' Association (IBA) felt that banks faced hurdles while implementing IFRS,

The good GDP figures in the second quarter of the fiscal have increased the probability of credit demand pick up in fourth quarter. Bankers and economists are of the opinion that the reserve Bank of India should continue with its

The ninth bipartite agreement between bank unions and Indian Banks' Association (IBA) on wage arrears and one-time pension option, could lead to early retirements of employees, especially those who have served their banks for 28 years or more.According to the

The present market conditions are favourable for people who are contemplating investing in residential property. Various good deals are available in the market. Most builders are launching new housing projects with luring interest rates. Low interest rates combined with tax