Chennai/New Delhi/Kolkata, Sep 2 : Banking and insurance services were hit on Wednesday as lakhs of bank and insurance employees across the country struck work in protest against the anti-trade union and worker policies of the BJP-led central government.
Chennai/New Delhi, Sep 2 : Financial services were hit on Wednesday as lakhs of bank and insurance employees across the country began a one-day strike to protest against the anti-trade union and worker policies of the central government.
Chennai/Agartala/Bengaluru, Sep 1 : Banking and insurance operations in India will come to a grinding halt on Wednesday with around half-a-million bankers going on strike in protest against the centre's economic and labour policies, said union leaders.
Chennai, Aug 31 : Public sector Canara Bank on Monday said its board has approved raising capital to the tune of Rs.947 crore from the central government on preferential basis.
Chennai, Aug 31 : India's largest bank State Bank of India (SBI) and the largest private sector bank ICICI Bank have been designated as domestic systemically important banks (D-SIB), the Reserve Bank of India (RBI) said on Monday.
Kolkata, Aug 23 : City-headquartered Bandhan Bank on Sunday became the first universal private bank in eastern India to begin its journey post independence with 1.43 crore accounts in place and a loan book of Rs.10,500 crore backed by capital of Rs.2,570 crore.
Mumbai, Aug 20 : The Reserve Bank of India (RBI) will issue licences to small finance banks to operate next month, RBI Governor Raghuram Rajan said on Thursday.
New York, Aug 20 : MasterCard has started pilot programmes in the US and the Netherlands to test facial recognition technology to allow customers to verify mobile payments with a selfie.
Kolkata, Aug 19 : Bank of Maharashtra on Wednesday said it is planning to sell nearly Rs.500 crore of its bad loans to asset reconstruction companies (ARC) by the end of September this year.
New Delhi, Aug 18 : ICICI Bank, a private sector bank, on Tuesday launched the 'Smart Vault', a fully automated locker available 24x7, including weekends and post banking hours.
Mumbai, Aug 17 : IDBI Bank launched its Tab Banking solution christened 'JusTab' which will facilitate opening of accounts at customers' door step using Tablet.
Mumbai, Aug 17 : The All India Bank Officers Association (AIBOA) on Monday said it has launched a new wing called the Private Sector Bank Officers' Forum which will also join the all-India general strike called for September 2.
Chennai, Aug 10 : Jammu and Kashmir Bank Ltd on Monday said it closed the first quarter of 2015-16 with a net profit of Rs.158.7 crore on a lower income.
Chennai, Aug 8 : Public sector UCO Bank on Saturday said it closed the first quarter of the current fiscal with a net profit of Rs.256.70 crore as compared to Rs.521.40 crore for the same period last year.
Mumbai, Aug 8 : The Central Bank of India on Saturday said it has posted a higher net profit for the first quarter (April-June) of the current fiscal.
Chennai, Aug 7 : Public sector Corporation Bank on Friday said it closed the first quarter of current fiscal with a net profit of Rs.204.62 crore, down from Rs.231.46 crore in the same period last year.
Bengaluru, Aug 5 : Canara Bank reported a net profit of Rs.478.84 crore for the first quarter of 2015-16 fiscal, a fall of 40.6 percent in profits compared with the first quarter of 2014-15.
Mumbai, Aug 4 : India's central bank kept its key lending rates unchanged during its monetary policy review on Tuesday, sticking to its stand that further cuts will depend on commercial banks passing on the previous reductions to borrowers, among other factors.
Mumbai / New Delhi, Aug 3 : Online marketplace Snapdeal and HDFC Bank Ltd. on Monday launched a co-branded credit card in partnership with Visa.
Mumbai, Aug 3 : IDBI Bank launched its first self service Mini Branch Kiosk at its Cuffe Parade, Mumbai Branch which will address the customer's request of personalized cheque leaves dispensation and issue of Demand Draft and Pay Order on 24X7 basis.
New Delhi, July 31 : Union Finance Minister Arun Jaitley said on Friday that the Indian government has laid down a long term four year plan for Bank capitalization.
Mumbai, July 30 : Private sector bank HDFC Bank Ltd on Thursday launched 'Dhanchayat', an educational film to raise awareness on the dangers of borrowing money from unorganised sources.
New Delhi, July 30 : Kotak Mahindra Bank posted consolidated net profit of Rs.516.6 crore for the first quarter of 2015-16, down 26 percent from the Rs.698.3 in the corresponding quarter in 2014-15.
Bengaluru, July 30 : State-run Vijaya Bank on Thursday reported net profit of Rs.143 crore for first quarter of 2015-16 as against Rs.162 crore in same period of 2014-15, registering a 12 percent decline.
Chennai, July 29 : Private sector Yes Bank closed the first quarter of the current fiscal with 27 percent growth in net profit.
New Delhi, July 27 : ICICI Bank Ltd, a private sector bank, on Monday announced the launch of a new recharge facility for Delhi Metro cards.
Chennai, July 25 : Government-owned Andhra Bank on Saturday said it closed the April-June first quarter of 2015-16 with a higher net profit.
Chennai, July 25 : City based Indian Overseas Bank (IOB) closed the April-June first quarter of the current fiscal with a lower net profit.
New Delhi, July 24 : Axis Mutual Fund, one of the premier asset management companies in India, announced the launch of Axis Equity Saver Fund, an open ended equity scheme which would endeavour to generate capital appreciation and income distribution, by investing in multiple asset classes-equity, hedged equity (arbitrage opportunities) and debt.
New Delhi, July 24 : At a time when acquisition of land for industry has become a politically hot issue, Punjab has created banks of this pre-cleared valuable real estate and is offering it with requisite power supply to push the state's industrialisation.
Chennai, July 24 : Axis Bank on Friday said it closed the first quarter of the current fiscal with 19 percent growth in its net profit.
New Delhi, July 23 : Yes Bank has launched the Yes Culture 'Idea of India' series, which will bring together scholars, thinkers and leaders under one roof to provide fresh perspectives on the idea of a modern day India.
Chennai, July 23 : Government-owned mortgage lender Indian Bank plans to hold an online auction of pledged properties in a major way next month, said a top bank official on Thursday.
Bengaluru, July 22 : Kolkata-based largest micro-finance firm turned Bandhan Bank is foraying into southern India with branches in the southern region from August.
Bangalore, July 22 : Bandhan Bank will start its branch operations in Karnataka, Kerala, Tamil Nadu, Andhra Pradesh and Telangana on August 23, the same day it commences its nationwide operations.
Mumbai/Nagpur, July 22 : In an embarrassment to the ruling BJP-Shiv Sena combine in Maharashtra, the central government has written to the state asking it to desist from compelling banks to extend farm credit, official sources here said on Wednesday.
New Delhi, July 21 : State-run banks had total outstanding corporate loans of over Rs.2.3 lakh crore by end of 2014-15, parliament was told on Tuesday.
Chennai, July 21 : HDFC Bank on Tuesday said it closed the first quarter of the current fiscal with 20.7 percent growth in its net profit.
Chandigarh July 14 : : Private sectgor bank ICICI Bank Limited organised Kisan Sampark Melas across two states of Punjab and Haryana, as a part of its financial inclusion plan.
Delhi, July 12: The central government is committed to providing facilities like ATMs, pension account and core banking through modern post offices all over the country, he said.
Kolkata, July 10 : Qatar-based commercial bank, Doha Bank on Friday said it is considering setting up a subsidiary in India to expand its presence across various cities.
Chennai, July 10 : The loan and deposit portfolios of scheduled commercial banks as on June 26, 2015 showed an uptrend, the Reserve Bank of India (RBI) said.
Chennai, July 9 : The All India Bank Employees' Association (AIBEA) on Thursday said it would release the revised list of loan defaulters during the winter session of parliament.
New Delhi, July 8 : The Export-Import Bank of India (Exim Bank) has opened entries for the Exim Bank International Economic Research Annual Award (IERA).
Mumbai, July 7 : ICICI Bank has upgraded its mobile banking app 'iMobile' by taking the total number of services that the users can avail of to over 100, the most by any Indian bank. A host of the new services are unprecedented in the industry.
Mumbai/Kolkata, July 2 : Moving a step ahead of mobile banking, HDFC on Thursday unveiled its banking app for Apple's recently launched Watch.
Mumbai, July 1 : Citi India on Wednesday announced its financial results for the year ended Mar 31 when the Profit Before Tax for Citibank India rose 15.8 percent to INR 5,923 crores from INR 5,113 crores in the previous financial year.
New Delhi, July 1 : The government is working on a comprehensive package to help stressed state-run banks and improve the flow of credit for industry, Minister of state for Finance Jayant Sinha said on Wednesday.
Mumbai / Kolkata, June 29 : HDFC Bank has launched an auto loan that is disbursed in just 30 minutes using biometric technology. The 30-minute auto loan is available for HDFC Bank customers, as well as others. With this technology-enabled solution, loans for two-wheelers can also be approved within 15 minutes.
Chennai, June 29 : The All India Bank Officers Confederation (AIBOC) is mulling a call for a nationwide strike and a two-day Kerala state strike if the talks with the management of Dhanlaxmi Bank do not yield positive results, said a senior official.
Mumbai, June 29 : A few months ago, a cheque of Rs. 75,000 issued to a Mumbai businessman was repeatedly being returned and he instructed his lawyers to file a case under the Negotiable Instruments Act, 1882.
New Delhi, June 26 : Export-Import Bank of India (Exim Bank) has extended additional Line of Credit (LOC) to the Government of the United Republic of Tanzania, of USD 268.35 million for financing the extension of Lake Victoria pipeline to Tabora, Igunga and Nzega in Tanzania.
Mumbai, June 24 : Private sector bank Axis Bank on Wednesday announced the launch of Secure+, an EMV chip based debit card that offers best in class security by safeguarding the customer's wallet - including Axis Bank and other bank cards held by the customers.
Thiruvananthapuram, June 22 : Deposits of non-residents (NRs) in Kerala banks have crossed Rs.1 lakh crore in the last fiscal, said a State Level Bankers Committee (SLBC) report released here on Monday.
Mumbai, June 19 : Banking major State Bank of India (SBI) on Friday launched internet-based foreign exchange transactions platform.
New Delhi, June 14 : As many as 26 shortlisted candidates, including executives from private sector banks, are to appear for interviews here for two days from Monday, for the posts of chief executive and managing director at five major banks.
New Delhi, June 12 : Finance Minister Arun Jaitley on Friday expressed the hope that those commercial banks which have not passed on to borrowers the interest rate cuts made by the Reserve Bank of India (RBI) this year, would do so over the next few weeks.
Mumbai, June 11 : IDBI Bank has successfully attained the International Organization for Standardization Certification (ISO 27001:2013).
Thiruvananthapuram, June 11 : Kerala's State Bank of Travancore (SBT) is coming out with a new green initiative and traditional sartorial code for the employees on its 70th anniversary, an official said on Thursday.
Bengaluru, June 10 : State-run Canara Bank's two sponsored regional rural banks (RRBs) in Kerala and Karnataka on Wednesday launched an immediate payment service through the National Payments Corporation of India (NPCI).