Latest Banks of India News
ICICI Bank opens new branch in Indore
Indore, June 19 : ICICI Bank Ltd, India's largest private sector bank, on Wednesday launched a new branch at Vaishali Nagar in Indore....
Full StoryDena Bank to focus on West Bengal, Haryana and Punjab
Kolkata, June 17 : State-owned Dena Bank would focus on West Bengal, Haryana and Punjab by opening more branches in the three states to grow its business, a top bank official said Monday....
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Bankers embark on bike expedition to tackle blindness
Mumbai, June 15 : Ten staffers of Standard Chartered Bank have embarked on a unique 4,000-km-long journey on motorcycles to mark a decade of the bank's global programme challenging blindness, an official said here Saturday....
Full StoryDelay in draft payment costs Central Bank Rs.10,000
By Rahul Chhabra, New Delhi, June 13 : A five-day delay in encashing a demand draft has cost a nationalised bank Rs.10,000, which the state's top consumer commissioner has ordered it to pay for negligence in service....
Full StoryAxis Bank, Miles & More launch new credit card
Kolkata, June 11 : Private sector lender Axis Bank and Miles & More, Europe's largest international frequent flyer programme, Tuesday launched a new credit card in India in association with MasterCard....
Full StoryAxis Bank, Miles & More launch credit card
Mumbai, June 11 : Axis Bank, India's third largest private bank, and Miles & More, Europe's largest international frequent flyer program, on Tuesday launched a new Credit Card in India in association with MasterCard. The Axis Bank' Miles & More card is available in two variants - World and World Select....
Full StoryICICI Bank Gorakhpur branch turns one
Gorakhpur, June 6 : ICICI Bank Ltd, India's largest private sector bank, on Thursday celebrated the first anniversary of its branch at Jaidev Bhavan, Gorakhnath, Gorakhpur....
Full StoryICICI Bank organises Kisan programme
Ludhiana, June 5 : ICICI Bank Limited, India's largest private sector bank, organised 'Kisan Sampark Programme' in Punjab and Haryana on Tuesday, as part of its financial inclusion plan that aims at providing banking services in unbanked villages....
Full StoryBank mergers could lead to too-big-to-fail entities: Chidambaram
New Delhi, May 21 : Union Finance Minister P. Chidambaram has favoured mergers in the banking industry so that India can have two-three global sized banks....
Full StoryIDBI Bank, ICML sign MoU for vehicle loan
Mumbai, May 17 : Public sector universal lender IDBI Bank Ltd. and Passenger Car Business Unit of International Cars & Motors Limited (ICML) entered into a Memorandum of Understanding (MoU) for providing Auto Finance to prospective customers of ICML....
Full StorySBI opens ten branches simultaneously in Rae Bareli
New Delhi, May 16 : The State Bank of India(SBI) today announced simultaneous opening of ten branches in Sareni in Rae Bareli district, the constituency of UPA Chairperson and Congress president Sonia Gandhi....
Full StoryUnited Bank plans QIP for raising Rs.1,000 crore
Kolkata, May 14 : Public sector United Bank of India is planning to opt for a qualified institutional placement (QIP) for raising about Rs.1,000 crore capital, a top official of the bank said Tuesday....
Full StoryUnited Bank Q4 net down by 79 percent
Kolkata, May 14 : Public sector lender United Bank of India Tuesday reported a 79 percent dip in its net profit to Rs.31.18 crore for the quarter ended March 31, 2013, from Rs 149.29 crore for the same period in the previous year....
Full StoryRatnakar Bank plans pan-India presence
Chennai, May 13 : In its endeavour to have a pan-India presence, Maharashtra-based private sector Ratnakar Bank opened its first branch in Tamil Nadu Monday, the bank said....
Full StoryYES BANK wins Golden Peacock Award
Mumbai, May 13 : YES BANK, India's fourth largest private sector Bank, has received the coveted Golden Peacock Global Business Excellence Award 2013 at the Dubai Global Convention on Business Excellence....
Full StoryBank of Baroda net dips 32.21 percent in fourth quarter
New Delhi, May 13 : Bank of Baroda's net profit for the quarter ending March 31 dipped to 32.21 percent, the public sector bank told the Bombay Stock Exchange....
Full StoryHDFC's 24-hour customer care facility goes live
Mumbai, May 9 : HDFC Securities Limited, a subsidiary of HDFC Bank, has set up a 24-hour customer care desk, as part of its effort to augment the quality of service provided to customers across different time zones....
Full StoryPunjab National Bank Q4 net profit dips 20.6 percent
New Delhi, May 9 : Punjab National Bank's net profit dropped 20.6 percent during the fourth quarter (January to March) of fiscal 2012-13....
Full StoryIndian Bank net falls by Rs.166 crore
Chennai, May 9 : Government-owned Indian Bank closed last fiscal with a Rs.166 crore fall in its net profit owing to higher provisioning for bad debts and other accounts despite the total income going up by Rs.1,717 crore....
Full StoryUnion Bank net up by 2.07 percent in Q4 of FY13
New Delhi, May 9 : Public sector Union Bank posted a 2.07 percent rise in net profit to Rs.789 crore for the last quarter (January-March) of the 2012-13 financial year from Rs.773 crore clocked during the corresponding period in 2011-12....
Full StoryState Bank of Hyderabad to continue as independent bank
Hyderabad, May 8 : State Bank of Hyderabad (SBH) Wednesday said it is not considering merger with the State Bank of India (SBI) and that it will continue as an independent bank....
Full StoryHDFC profit rises 17 percent in January-March quarter
Mumbai, May 8 : India's largest mortgage lender Housing Development Finance Corporation (HDFC) Wednesday said its net profit increased 17.27 percent to Rs.1,555.21 crore in the quarter ended March 31, 2013....
Full StoryUCO Bank Q4 net slides 80 percent
Kolkata, May 7 : Public sector lender UCO Bank Tuesday registered 80.40 percent slide in its net profit to Rs.59.55 crore for the quarter ended March 31, 2013 from Rs.252.84 crore during the same period in the previous year....
Full StoryAllahabad Bank Q4 net profit dips 68.47 percent
Kolkata, May 7 : Public sector Allahabad Bank Tuesday reported a 68.47 percent dip in net profit for the quarter ended March 31, 2013, to Rs.126.15 crore from Rs.400.22 crore in the corresponding year-ago period....
Full StoryBanks to give loan of Rs 13,000 for revival of UPPCL
Lucknow, May 6 : After much delay, the banks have agreed to provide Rs 13,000 crore as loan to loss making Uttar Pradesh Power Corporation Ltd (UPPCL) under Financial Restructuring Plan (FRP)....
Full StorySouth Indian Bank net up 25 percent in fiscal 2013
Bangalore, May 6 : South Indian Bank Ltd, a leading Kerala-based private sector bank, reported net profit of Rs.502 crore for 2012-13, posting 25 percent year-on-year (YoY) growth over previous fiscal at Rs.402 crore....
Full StoryTop banks, insurance firms involved in money laundering: Cobrapost
New Delhi, May 6 : An investigative website Cobrapost Monday alleged that at least 23 top public and private banks and insurance companies have been doing large-scale money laundering. Several of the firms named denied the allegation....
Full StoryICICI Electronic Lounge opens in IIT Kanpur
Kanpur, May 3 : ICICI Bank Ltd, India's largest private sector bank, on Friday inaugurated a 24 x 7 Electronic Lounge in Kanpur to provide simple, effortless and convenient banking to customers round-the-clock....
Full StoryCanara HSBC Oriental Bank of Commerce Life Insurance posts maiden profit
New Delhi, May 1 : Canara HSBC Oriental Bank of Commerce Life Insurance today reported its maiden profit of Rs 23.5 crore in FY 2012-13, its fifth year of operation....
Full StoryNew Delhi, May 1 : The Asian Development Bank (ADB) board of governors, the highest decision-making body of the lending agency, will meet here May 4-5....
Full StoryIndian Bank links one cr SHG members
Chennai, Apr 30 : The public sector Indian Bank celebrated the linking of one crore SHG members through 6.56 lakh SHG Groups with a cumulative lending of Rs 10,000 crore....
Full StoryChandresh Nigam to head Axis AMC as MD, CEO
Kolkata, Apr 30 : Mr Chandresh Nigam has taken over as the Managing Director and Chief Executive officer (MD and CEO) of Axis Asset Management Company Ltd (AXIS AMC), the asset management arm of India's third largest private sector Bank, AXIS Bank....
Full StoryICICI Bank profit rises 21 percent
Mumbai, April 26 : India's second largest lender ICICI Bank Friday said its net profit increased 21 percent to Rs.2,304.07 crore for the quarter ended March 31, 2013 on the back of higher earnings from loans....
Full StoryIDBI Bank net profit decreases by 28.15%
Mumbai, Apr 25 : IDBI Bank Ltd. (IDBI), a public sector universal lender, on Thursday announced its financial results for for the year ended March 31, 2013....
Full StoryCentral Bank to open more branches in Himachal
Shimla, April 24 : Central Bank of India would open more branches in Himachal Pradesh and finance infrastructure development and other private projects to increase the credit-deposit ratio, chairman of the bank M.V. Tanksale said here Wednesday....
Full StoryUnion Bank issues 3.625% Senior Unsecured Notes
Mumbai, Apr 23 : Union Bank of India, one of the largest public sector banks of India, on Tuesday announced issuance of 3.625% Senior Unsecured Bonds due in 2018 through its Hong Kong Branch....
Full StoryHDFC Bank total income up 21.1%
Mumbai, Apr 23 : Private lender HDFC Bank Limited on Tuesday announced its financial results for the quarter and the year ended March 31, 2013 where its total income increased by 21.1%....
Full StoryHDFC Bank profit rises 30 percent
Mumbai, April 23 : HDFC Bank Tuesday said its net profit increased 30 percent to over Rs.1,889 crore in quarter ended March 31 year-on-year, on the back of higher loan growth....
Full StoryYES Bank launches Sustainability Series
Mumbai, Apr 23 : YES Bank, India's fourth largest private sector bank, has launched the YES Bank Sustainability Series, the first-ever initiative in India, to promote Risk Awareness in the Environment & Social (E&S) domain in the Financial Sector....
Full StoryICICI Bank to grow unsecured lending cautiously
Kolkata, April 17 : India's largest private sector lender ICICI Bank will grow its unsecured lending portfolio cautiously as it will focus largely on existing customers, a top executive of the bank said Monday....
Full StoryYES Bank Net Profit grows 33.2%
Mumbai, Apr 17 : YES Bank Ltd., India's fourth largest private sector bank, took on record the Q4FY13 and (audited) FY13 results at its board meeting held in Mumbai on Wednesday....
Full StoryOver 1 lakh e-auctions for banks: Report
New Delhi, Apr 15 : Commercial banks in India are expected to conduct over one lakh e-auction transactions during financial year 2013-14 to sell properties of non-performing assets according to NPAsource.com, a portal which focuses on resolution of stressed assets....
Full StoryDena Bank to expand network, hopes for Rs.600 crore capital infusion
Chennai, April 13 : Government-owned Dena Bank plans to expand, opening around 175 branches and adding around 560 automatic teller machines (ATMs). It is hopeful of over Rs.600 crore fresh capital infusion this year, a top official said Saturday....
Full StoryDCB Bank posts 30% growth in Q4
Hyderabad, Apr 12 : DCB Bank (Development Credit Bank Ltd.), a private sector scheduled commercial bank, on Friday took on record the audited financial results of the fourth quarter (Q4 FY 2013) and the year ended March 31, 2013 (FY 2013). Speaking about the performance, Murali M. Natrajan, Managing Director & CEO, said, "Over the last 3 years we have almost doubled the Balance Sheet and Advances. We have crossed Rs. 10,000 Cr. Balance Sheet." Chairman Nasser Munjee said, "Discipline and hard work has helped us deliver consistent performance. We aim to build on our success while remaining cautious." Highlights: a) DCB Bank reported full year Net Profit of Rs. 102 Cr. in FY 2013 as against full year Net Profit of Rs. 55 Cr. in FY 2012. The Bank's Net Profit for Q4 FY 2013 was Rs 34 Cr. as against Net Profit of Rs. 17 Cr. in Q4 FY 2012. b) As on March 31, 2013, the Balance Sheet was at Rs. 11,279 Cr. as against Rs.8,677 Cr. as on March 31, 2012, a growth rate of 30%. c) Retail Deposits (Retail CASA and Retail Term Deposits) continued to provide a stable resource base to the Bank. Retail Deposits were at 77% of Total Deposits as on March 31, 2013. d) CASA ratio as on March 31, 2013 was at 27.2% as against 32.1% as on March 31, 2012. e) Net Advances grew to Rs. 6,586 Cr. as on March 31, 2013 from Rs. 5,284 Cr. as on March 31, 2012 a growth rate of 25%. f) Net Interest Margin for FY 2013 stands at 3.34% as against 3.25% for FY 2012. Q4 FY 2013 NIM was at 3.52% as against 3.12% for Q4 FY 2012 g) Capital Adequacy Ratio (CAR) was at 13.61% as on March 31, 2013 with Tier I at 12.62% and Tier II at 0.99% as per Basel II norms. h) The Bank opened 5 branches in the last quarter of FY 2012-13 and now stands at 94 branches in 43 locations....
IDBI Bank tax collection grows 28%
Mumbai, Apr 8 : IDBI Bank Ltd., a public sector universal bank engaged in collection of Direct and Indirect Taxes of the central and various state governments, on Monday said it has made an aggregate collection of Rs.1.59 lakh crore in Central and State Taxes during FY 2012 -13 registering a growth of 28% over the previous year....
Full StoryUnion Bank to adopt new pricing mechanism
New Delhi, Apr 5 : Union Bank has taken steps to re-align external and internal processes so that changes in the market are understood faster and response delivered is quicker, enabling a better asset transfer pricing mechanism....
Full StorySBI partners NCR for cash deposit ATMs
Mumbai, Apr 3 : To enhance its customer service experience, State Bank of India (SBI), India's largest bank, has chosen NCR Corporation (NYSE: NCR), a leading ATM manufacturer and service provider, to deploy 600 NCR SelfServ 32 Intelligent Cash Deposit ATMs across India....
Full Story300 new bank branches to open Friday in UP
Lucknow, March 28 : Efforts of the Uttar Pradesh government to increase the ratio of banks to population in the state are set to get a major boost Friday as union Finance Minister P. Chidambaram comes here to inaugurate 300 new bank branches....
Full StoryHindustan Motors inks alliance with IndusInd Bank
Kolkata, Mar 26 : Hindustan Motors Limited (HM), India's pioneering automotive major, has signed a deal with reputed IndusInd Bank in a bid to provide easy and trouble-free financing facilities to its customers all across the country....
Full StoryNationwide Regional Rural Bank strike on Mar 30
Kolkata, Mar 26 : More than 17,000 branches of 64 Regional Rural Banks across the country will remain closed on March 30 in response to a day-long strike called by the All India Regional Rural Bank Employees Association (AIRRBEA)....
Full StoryYES BANK signs up as IPL's financial services partner
New Delhi, March 25 : YES BANK signed up as Indian Premier League's (IPL) official financial services partner Monday....
Full StoryBasel III norms for Indian banks from April 1: RBI
Bangalore, March 22 : The Reserve Bank of India (RBI) will soon issue a notification for the implementation of the Basel III capital regulations by Indian banks from April 1, central bank governor D. Subba Rao said Friday....
Full StoryING Vysya Bank joins Earth Hour campaign
Bangalore, Mar 22 : Private sector unit ING Vysya Bank joined the global campaign of Earth Hour by initiating awareness programmes across the country and also partnered with WWF to light up select villages in Gajapati district of Odisha using renewable energy solutions....
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