The Economic Times  1 hr ago  Comment 
About 1.5 lakh accountholders have deposited more than Rs 10 lakh each and there have been suspicious cash deposits in one crore accounts belonging to 75 lakh people.
Benzinga  2 hrs ago  Comment 
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Reuters  2 hrs ago  Comment 
Assicurazioni Generali said on Monday it had bought voting rights equal to 3.01 percent of Intesa Sanpaolo's share capital, effectively blocking the lender from acquiring a large...  3 hrs ago  Comment 
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Clusterstock  4 hrs ago  Comment 
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The Hindu Business Line  4 hrs ago  Comment 
The risks arising out of bad loans, and now demonetisation, pose a threat to macroeconomic stability
The Hindu Business Line  5 hrs ago  Comment 
Rise in low-cost deposits will help improve profit in the coming quarters, says MD
The Hindu Business Line  5 hrs ago  Comment 
Banks, ATM-makers studying possibility of using the machines for bill payments, connecting to Unified Payments Interface


The banking industry faces a challenging year in 2008 as many companies work through the weaker housing market and mortgage related issues.

In September 2007, the bank industry's earnings performance slipped for the first time in many quarters as the housing sector continued to weigh on the mortgage and investment banking businesses at many of the larger banks. The subprime mortgage fallout continued to affect the banking industry as it became difficult to value debt instruments backed by mortgages and caused a temporary credit freeze in some markets during the late summer.

More problems may arise in 2008 as rates on adjustable-rate mortgages made in 2005 and 2006 are scheduled to reset. Homeowners could potentially have a harder time making payments on these higher mortgages which may lead some to default. There is also a fear that the mortgage related problems may spill over into the credit card markets which would exacerbate the situation even further.

Banks make a profit by borrowing

Investment Banks

Investment banks help public and private institutions to raise capital and provide advice on mergers and acquisitions.

Savings and Loan Banks

Investment Banks

Foreign Regional Banks

Money Center Banks

Regional Banks

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