Hyderabad, March 25 : The HDFC Bank will focus on expanding its business in Andhra Pradesh, where hectic economic activity is likely with proposed new industries and building of a new state capital.
Chennai, March 19 : Come April - the dawn of the new fiscal - and bankers would hit the streets to hold silent demonstrations outside the headquarters of corporate loan defaulters pressurising them to pay up their dues, said a top union official.
Mumbai, Mar 14 : Private sector bank ICICI Bank announced participation of its 100th branch in the 'Swachh Bharat Abhiyan' with its branch at Cenotaph Road in Chennai taking part in the landmark campaign which was launched by Prime Minister Narendra Modi to build consciousness about cleanliness in the country.
Chennai, March 5 : The Export-Import Bank of India (Exim Bank) would leverage an additional capital infusion of Rs.1,300 crore by the central government to raise around Rs.13,000 crore funds, said a senior official.
Chennai, March 4 : Even though the general feeling is that the commercial banks are now morally bound to reduce their lending rates following the Reserve Bank of India's (RBI) decision to cut its key lending rates, it may not happen soon, say industry experts.
Mumbai, March 4 : Housing, auto and commercial loans could become cheaper with the Reserve Bank of India cutting key lending rates by 25 basis points in an unexpected move on Wednesday as it expected inflation to soften further, sending stock indices soaring during the bulk of the day.
Chennai, March 2 : Indian bank employees are not against the consolidation of government-owned banks provided certain conditions are met, a top union leader said Monday.
New Delhi, Feb. 28 : ICICI Bank CEO and MD Chanda Kochhar on Saturday said the Union Budget 2015, which was introduced in the Parliament earlier in the day, will empower the entire country and touches the requirements of everyone.
New Delhi, Feb 28 : The government will enhance the allocation to the Mahatma Gandhi National Rural Employment Guarantee (MNREGA) scheme by Rs.5,000 crore, Finance Minister Arun Jaitley said Saturday.
Panaji, Feb 23 : ICICI Bank Ltd, a private sector bank, organised a Coin Exchange Mela at its Panaji Patto branch in Goa, under the guidance of the Reserve Bank of India.
Mumbai, Feb 23 : Employees unions of public sector banks on Monday called off their proposed four-day strike after reaching agreement on a 15 percent wage increase.
London, Feb 23 : HSBC bank is being probed by tax administration, regulatory and law enforcement authorities around the world, including India, and Europe's largest lender is concerned about the amounts of penalties that could be imposed on it for its alleged money-laundering activities, the bank said in its annual report Monday.
London, Feb 23 : HSBC Holdings, the Britain-based bank which is in trouble following a tax evasion scandal, Monday announced that its reported profit before tax reached $18.68 billion in 2014, down by 17 percent from the previous year.
Chennai, Feb 23 : Unions in the banking sector and the Indian Banks' Association (IBA) Monday came to an agreement on increasing pay slip salary component by 15 percent and the four-day strike (from Feb 25) call given by the unions has been withdrawn, said a union leader.
New Delhi, Feb 22 : The Indian Banks Association (IBA) has decided to hold talks Monday with leaders of bank unions, who have given a call for a four-day nationwide strike beginning Feb 25.
New Delhi, Feb. 21 : Union Finance Minister Arun Jaitley has appealed to all the employees of Public Sector Banks (PSBs) and their unions and associations not to resort to agitational approach by participating in the proposed bank strike
New Delhi, Feb 21 : Union Finance Minister Arun Jaitley has made an appeal to all the employees of Public Sector Banks (PSBs) and their Unions and Associations not to resort to agitation approach by participating in bank strike .
New Delhi, Feb 21 : Finance Minister Arun Jaitley Saturday appealed to the public sector banks (PSB) employees not to participate in a proposed four-day strike later this month.
Kolkata, Feb 20 : West Bengal-based micro-finance firm Bandhan Financial Services (BFS) Friday said it will focus on collecting deposits in the initial years of its operations after it rolls out a bank by September this year.
New Delhi, Feb 20 : The Competition Commission of India (CCI) Friday said it has approved the proposed merger deal between Kotak Mahindra Bank and ING Vysya Bank.
Chennai, Feb 20 : Though not agreeable to calling off their four-day strike later this month, bank unions will continue their talks with the Indian Banks' Association (IBA) Feb 23 in Mumbai, a leader said Friday.
Chennai, Feb 19 : The central government's intervention in early settlement of wage revision, timely appointment of workmen directors, and merger of regional rural banks (RRB) with their sponsors were some of the demands submitted by two bank unions to Finance Minister Arun Jaitley Thursday.
New Delhi, Feb 14 : Bank employee union Saturday said they may go for a four-day strike from Feb 25 followed by an indefinite strike mid March onwards unless their demand for wage hike is met.
New Delhi, Feb 14 : India's second largest private lender, HDFC Bank, Friday reported a 20.2 percent increase in its net profit for the quarter ended Dec 31 which stood at Rs.2,794.5 crore, up from Rs.2,325.70 in the corresponding period of the previous fiscal.
Kolkata, Feb 10 : United Bank of India (UBI) made the Net Profit of Rs. 42 crore in Quarter 3rd of Financial Year 2014-15 against a Net Loss of Rs. 1238 crore in Q3 of FY 2013-14.
Mumbai, Feb 9 : The Reserve Bank of India (RBI) Monday said it has cautioned lenders on the need to improve asset quality and curtail non-performing assets (NPAs) which have increased in the recent past.
New Delhi, Feb.7 : The Centre has decided to infuse Rs.6990 crores in nine public sector banks (PSBs) for which orders are being issued.
Mumbai, Feb 7 : Axis Bank Saturday said that it will seek shareholders' approval to raise Rs.15,000 crore through the issue of long-term bonds or non-convertible debentures to select investors.
Chennai, Feb 5 : Private lender HDFC Bank Thursday remained silent on reports it has raised over Rs.9,880 crore through its qualified institutional placement (QIP) and American Depository Receipts (ADR) that opened late Wednesday.
Chennai, Feb 4 : The Reserve Bank of India (RBI) Wednesday announced two four-member teams as the external advisory committees (EAC) for small finance banks and payments banks.
Mumbai/Bangalore , Feb 4 : HDFC securities Limited, a financial services intermediary and subsidiary of HDFC Bank, announced it teamed with IBM to launch a new mobile app that allows clients to securely trade stocks, track and manage portfolios and market movements, as well as analyze industry research and trends.
Chennai, Feb 3 : Unions in the banking sector Tuesday decided to strike work for four days (Feb 25-28) as the Indian Banks' Association (IBA) has not come out with any attractive proposals, said a union leader.
Mumbai, Feb. 3 : The Reserve Bank of India (RBI) on Tuesday kept the key rates unchanged making the repo rate stand at 7.75 percent, while the Statutory Liquidity Ratio (SLR) has been slashed by 50 basis points to 21.5 percent.
New Delhi, Feb 3 : The Reserve Bank of India (RBI) Tuesday decided to keep key interest rates unchanged in its sixth bi-monthly policy review.
Bangalore, Feb 2 : : Lakshmi Vilas Bank has celebrated Monday as a 'Big Day' as it opened its 400th branch and 750th ATM at Bommanahalli in Bangalore.
Mumbai, Feb 2 : Reliance Industries has roped in the State Bank of India (SBI) as an active equity partner as it seeks a licence to extend affordable banking and payments solutions in the country with access to 15,869 branches and vast network of India's largest commercial bank.
Mumbai, Jan 30 : The ICICI Bank Friday said its consolidated net profit increased by 14 percent to Rs.3,265 crore for the quarter ending Dec 31 compared with Rs.2,872 crore for the same period during the last fiscal.
New Delhi, Jan 24 : Prime Minister Narendra Modi has congratulated all bankers through an email for the success of the Pradhan Mantri Jan Dhan Yojana (PMJDY) and rolled out a roadmap for the future, an official statement said here Saturday.
Mumbai, Jan 23 : During 2014, Priyanka Chopra was seen in two films -- action crime thriller "Gunday" and "Mary Kom". But this year, she'll be seen in four different kind of films and the National Award-winning actress is looking forward to it.
New Delhi, Jan. 20 : Public sector bank employee unions have deferred their four-day strike that was to begin from Wednesday.
Mumbai, Jan 19 : Following its interest rate cut last week after nearly two years, the Reserve Bank (RBI) Monday asked banks to notify the base, or minimum, lending rate at least once every three months based on cost of funds.
Kolkata, Jan 19 : India's largest private sector bank ICICI Bank Monday said it has launched banking service on Twitter which allows customers to transfer money using the social networking site.
Mumbai, Jan 17 : Indian Overseas Bank (IOB), Chennai, struck top form after the break to overcome Bhavnagar Youngsters by a convincing 64-46 margin in a men's semi-final league match of the Rs.5 lakh 10th Savio Cup All-India Basketball Tournament here Saturday.
Canberra, Jan 15 : An Australian bank said Thursday it has signed an agreement with State Bank of India (SBI), the country's largest lender, to increase cooperation in project finance, migrant banking and international payments between banks, a media report said.
New Delhi, Jan. 15 : Finance Minister Arun Jaitley on Thursday hailed the Reserve Bank of India's decision to cut down repo rate by 25 basis points, saying it is a positive move for the Indian economy and will certainly help in reviving the investment cycle.
Mumbai, Jan.15 : The Reserve Bank of India surprised everybody on Thursday by cutting the Repo Rate by 25 basis points to 7.75 percent from 8 percent, ahead of its February 3 policy review.
New Delhi, Jan 15 : With inflation showing signs of easing, the Reserve Bank of India (RBI) on Thursday reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect;
New Delhi, Jan 15 : The Reserve Bank of India (RBI) Thursday cut the repo rate at which it lends to commercial banks by 25 basis point from 8 percent to 7.75 percent with immediate effect.
Mumbai Jan 14 : Private sector bank ICICI Bank has announced the launch of a completely online account opening facility, for NRIs (Non Resident Indian) residing in the US.
Mumbai, Jan 13 : Reserve Bank of India Governor Raghuram Rajan has been named "Governor of the Year" by British magazine Central Banking.
Chennai, Jan 13 : Indian markets regulator SEBI has sought a clarification from Axis Capital Ltd., the merchant bankers, for Videocon d2h Ltd.'s Rs.700 crore initial public offer (IPO), the regulator said.
Chennai, Jan 8 : Shareholders of private sector ING Vysya Bank and Kotak Mahindra Bank Ltd have accorded their sanction to the scheme of amalgamation of the former with the latter at their respective Extraordinary General Meetings (EGM) held Wednesday, the banks said.
Chennai, Jan 7 : The unions in the banking sector have not actually scaled down their initial demands drastically though it may seem so in the light of a 1.5 percent increase in the offer by the Indian Banks' Association (IBA), a union leader said Wednesday.
Mumbai, Jan 7 : Private sector bank ICICI Bank on Wednesday announced the launch of 'contactless' debit and credit cards, enabling its customers to make electronic payments by just waving the cards near the merchant terminal in lieu of dipping or swiping them.
Chennai, Jan 6 : Unions in the banking sector Tuesday decided to defer their Jan 7 national strike with the Indian Banks'Association (IBA) upping its hike offer by 1.5 percent to 12.5 percent, said a union leader.
Chennai, Jan 5 : Unions in the banking sector and the Indian Banks Association (IBA) will continue their wage negotiations Tuesday in Mumbai, said a top union official.
Pune, Jan. 3 : Asserting that the banking sector of a country mirrors its economic rise, Prime Minister Narendra Modi on Saturday said Japan and China had the top ten banks of the world during their economic rise.
Chennai, Jan 3 : Unions in the banking sector are hoping for a breakthrough in their wage revision negotiations, said a union official Saturday.
Pune, Jan 3 : Prime Minister Narendra Modi Saturday called upon India's banking sector to establish banks which are world-class and rank among the top in the world.
Mumbai, Jan. 2 : Prime Minister Narendra Modi on Friday congratulated the ICICI group for launching its 'Digital Village' project and adopting a village in Gujarat, dedicating it to the nation.