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Be ready to pay if your ATM withdrawals exceed five a month

Mumbai, Aug 14 : You may have to pay up to Rs.20 for every ATM withdrawal if the number of such transactions from your own bank exceeds five a month, the Reserve Bank of India (RBI) said Thursday.

Frame conduct rules for bank executives: Staff union

Chennai, Aug 2 : A bank union has demanded that the government frame conduct regulations in the wake of top bank executives getting caught in corruption cases and some escaping punishment.

'State Bank of Patiala ready to merge'

By Gyanendra Kumar Keshri, New Delhi, July 30 : One of the five associate banks of the country's top lender, the State Bank of India (SBI), is set to merge with the parent this fiscal. State Bank of Patiala is the most likely suitor, a top banker has said.

India's youngest bank Bandhan to empower women, rural folk

By Sujit Chakraborty, Agartala, July 20 : Innovative microfinance company Bandhan will operate as a bank from October next year and focus on empowering women and rural people, says its chairman and managing director Chandra Shekhar Ghosh.

State-run banks' capital to be raised

New Delhi, July 10 : The capital of state-run banks will be raised through sale of shares to the public, Finance Minister Arun Jaitley announced Thursday while presenting his maiden annual budget.

ICICI Bank launches 'ICICI Bank Unifare Card' in partnership with DMRC

New Delhi, June 25 : ICICI Bank Limited, India's largest private sector bank, and Delhi Metro Rail Corporation (DMRC) Wednesday announced the launch of the 'ICICI Bank Unifare Card', co-branded debit and credit cards in association with MasterCard, offering exceptional value to commuters of Delhi Metro.

Make top executives of government banks accountable: Union

Chennai, June 21 : To reign in the ballooning non-performing assets (NPA) in public sector banks, chairman and managing directors (CMDs) and executive directors (EDs) should be made accountable, a leading bank union has demanded.

Banking to be more friendly to the differently abled

Mumbai, June 12 : Banking services for the 70 million differently abled people in the country will be more friendly with the recent revision in banking norms by the central bank's Banking Codes and Standards Board of India (BCSBI), an official said here Thursday.

Yes Bank, Saevus launch Natural Capital Olympiad

Mumbai, June 5 : Yes Bank in association with Saevus, a premier Wildlife publication, on World Environment Day, which was celebrated on Thursday, launched its mega initiative 'Natural Capital Olympiad'.

ICICI Bank launches 'Creative Masters'

Mumbai, June 5 : Private sector bank ICICI Bank Ltd has launched 'Creative Masters', an online drawing competition where participants can draw a depiction of a social cause such as education for less privileged children, save a girl child or support the elderly.

Deepika Padukone brand ambassador of Axis Bank

Mumbai, June 4 : Bollywood's blockbuster actress Deepika Padukone was Wednesday signed on to endorse Axis Bank. She will front the private sector bank's new campaign 'Badhne ke kai naam hai...', and says she's happy to be associated with a service so important to an individual's progress.

India's central bank leaves policy rates intact

Mumbai, June 3 : India's central bank Tuesday kept all key policy rates unchanged but eased some money for lending, indicating that it will await more positive signals from the economy and the upcoming national budget before measures to spur growth.

India's central bank keeps key rates unchanged

Mumbai, June 3 : India's central bank Tuesday kept key policy rates unchanged but marginally reduced the money commercial banks have to mandatorily hold in liquid assets, indicating it will await signals from the national budget next month before acting.

RBI to balance growth and inflation: Rajan

New Delhi, May 27 : Reserve Bank of India (RBI) Governor Raghuram Rajan Tuesday said the central bank would work to strike a balance between reviving economic growth and containing inflation.

Mobile banking apps a hacker's paradise

New York, May 23 : Love fund transfers or bill payments via mobile banking as you think two-step authentication process is secure? This may not be the case.

Five bank unions to protest Nayak panel report

Chennai, May 22 : Five bank unions are gearing up to hold protest meetings across the country to voice their opposition against the Nayak Committee report's recommendations Friday, an official said.

RBI to have regular process of bank licences: Rajan

New Delhi, May 20 : Reserve Bank of India Governor Raghuram Rajan Tuesday said the central bank would soon announce a regular process of granting bank licences, ending the current system of giving it in tranches.

ICICI Bank launches redesigned website

Mumbai, May 19 : Private sector bank ICICI Bank on Monday announced the launch of its redesigned website www.icicibank.com to offer its customers an enhanced experience across devices such as desktops, mobiles and tablets.

Bank unions to protest against Nayak panel's recommendations

Chennai, May 20 : Five bank unions will hold a nationwide protest Friday opposing the Nayak Committee recommendations, said a union leader.

Chidambaram to review financial performance of public sector banks

New Delhi, May 13 : Finance Minister P. Chidambaram will hold a meeting with the Chief Executive Officers (CEOs) of Public Sector Banks (PSBs) and Financial Institutions (FIs) today in order to review their annual performance for the financial year ending March 31, 2014.

Central Bank Q4 net marginally down

Mumbai, May 10 : Public sector lender, Central Bank of India has posted a marginal drop of 3.96 percent to Rs 162.44 crore for the quarter ended March 31, 2014 as compared to Rs 169.15 crore for the quarter ended March 31, 2013.

Dena Bank Q4 net up by 49.02 pc

Mumbai, May 10 : Public sector lender, Dena Bank has posted a rise of 49.02 percent at Rs 187.28 crore in its net profit for the quarter ended March 31, 2014 compared to Rs. 125.67 crore for the quarter ended March 31, 2013.

RBI asks banks not to levy penalty on loan pre-payment

Mumbai, May 7 : The Reserve Bank of India (RBI) Thursday directed all the commercial banks not to levy any penalty on pre-payment of loans under floating rate scheme that cover housing, auto as well as personal loans.

ICICI Bank launches new Savings Accounts for NRIs

Mumbai, May 6 : ICICI Bank, India's largest private sector bank, announced the launch of two new saving accounts products -- NRI Pro and NRI Premia -- for NRI customers.

Probe nexus in writing off bad loans: Bank union

Chennai, May 6 : Releasing a list of 406 huge bank loans amounting to Rs.70,300 crore that went bad, the All India Bank Employees Association (AIBEA) Tuesday demanded declaring wilful default a criminal offence and investigation to probe the nexus.

Yes Bank eyes healthy growth in retail, SME lending

New Delhi, May 1 : Yes Bank is expecting good growth from retail and SME lending business in the current financial year that will help improve the risk profile of the country's fourth largest private sector lender, a senior official said.

Yes Bank announces two new appointments

New Delhi, Apr 25 : Private sector bank Yes Bank has announced the appointment of two independent directors-Saurabh Srivastava and Vasanth V Gujarathi on the Board of Directors of Yes Bank, at the Board meeting held on Apr 23.

ICICI Bank Q4 profit rises 15 percent

Mumbai, April 25 : India's largest private sector lender ICICI Bank Friday said its net profit grew by 15.1 percent to Rs.2,652.01 crore (USD 434.75 million) for the quarter ended March 31 last.

ICICI Bank's Touch Banking branches cross 100

Mumbai, Apr 21 : Private sector bank ICICI Bank has scaled up the number of its fully-automated Touch Banking branches to 100 in 33 cities across the country.

HDFC Bank sets Guinness World Record

Kolkata / Mumbai, Apr 21 : HDFC Bank has created a new Guinness World Record with the Annual Blood Donation Drive, organised by the bank in December 2013, getting recognised as the largest effort of its kind across the globe.

Doha Bank to buy HSBC Bank Oman business in India

Dubai, April 19 : Qatar-based Doha Bank has agreed to buy HSBC Bank Oman's business in India that has gross assets of Rs.350 crore (USD 58 million).

Yes Bank signs sponsorship deal with Indian Golf Union

New Delhi, April 18 : Yes Bank, India's fourth largest private sector bank, Friday signed a three-year deal with the Indian Golf Union (IGU) Junior Tour commencing with the 2014 season.

UAE bank launches mobile payment solution

Dubai, April 4 (WAM) Mashreq, a leading financial institution in the United Arab Emirates (UAE), has launched a new mobile payment solution called Tap n Go that is expected to redefine the world of mobile payments.

IDFC, Bandhan Financial get banking licences

Mumbai, April 2 : The Reserve Bank of India (RBI) Wednesday granted "in-principle" approval to IDFC Limited and Bandhan Financial Services Private Limited to set up new banks, with some big guns failing to make the cut.

Infy banking product ranked market leader

Bangalore, April 2 : Leading US-based research and consulting firm Celent has ranked Infosys a global market leader for winning the highest number of deals in 2012-13 for its Finacle universal core banking solution.

Status quo seen in Indian central bank's first bi-monthly review

By Gyanendra Kumar Keshri, New Delhi, March 31 : The stage is set for the first bi-monthly monetary policy review of the Reserve Bank of India (RBI) Tuesday and the expectation in the financial world is for interest rates to be left untouched -- that is, no change in your EMIs towards housing, auto or consumer goods loans.

Women bank now in Meghalaya

Shillong, March 25 : Bharatiya Mahila Bank (BMB) Tuesday unveiled its 21st branch in the matrilineal state of Meghalaya.

Bharatiya Mahila Bank expanding base across India

Agartala, March 24 : The Bharatiya Mahila Bank (BMB), the country's first all-women bank, aiming to economically empower women will open 55 more branches across the country by next fiscal (2014-15), a senior bank official said here Monday.

All women's bank to open three branches in northeast India

Agartala, March 23 : The Bharatiya Mahila Bank (BMB) -- India's first all-women bank -- will open three more branches in three capital cities of the northeastern states this week, officials said here Sunday.

ICICI Academy launches centre in Guwahati

Guwahati, Mar 21 : ICICI Academy for Skills (ICICI Academy) on Friday announced the launch of a centre in Guwahati to provide vocational training to the youth from the economically weaker sections to help them earn a sustainable livelihood.

ICICI Bank, MCSL tie-up for wage payment

Bhubaneswar, Mar 18 : Private sector bank ICICI Bank and the Panchayati Raj Department, Government of Odisha, have signed an agreement to start mobile based disbursement of wages to workers under Mahatma Gandhi National Rural Employment Guarantee Act (MG-NREGA) in Odisha.

Exim Bank signs USD 25 mn LoC for Niger drinking water scheme

New Delhi, March 14 : The Exim Bank of India Friday signed a Line of Credit (LoC) agreement for USD 25 million to Niger for financing a drinking water system in the rural areas of the West African nation.

Regulator's order to SBI Life puts focus on banks as brokers

Chennai, March 14 : The insurance regulator's direction to the SBI Life Insurance Company Ltd. to refund Rs.275.29 crore to policy holders for the absence of informed choice has turned the focus on allowing banks to continue as agents rather than brokers, said experts.

Much awaited banking licenses to be issued by RBI to reshape banking sector

Mumbai, Mar.13 : The next generation of banking structure will be the first step to a thousand mile journey to make India the third largest banking economy in the world. The issue of "on-tap" new banking licenses will prove to be a game changer for the Indian banking industry.

Dena Bank ties up with Jain Irrigation

New Delhi, Mar 12 : Dena Bank has entered into a national level tie-up with Jain Irrigation Systems Limited (JISL) to help farmers increase their acreage under irrigation by minimum use of available water resources.

Shikhar Dhawan bats for Canara Bank

New Delhi, March 12 : Canara Bank has announced India batsman Shikhar Dhawan as its brand ambassador.

ICICI Bank supports one million women beneficiaries

Mumbai, Mar 8 : Private sector bank ICICI Bank on Saturday crossed a milestone of supporting one million women beneficiaries through its programme for Self Help Groups (SHG) which aims at empowering less privileged women to become self-reliant.

ICICI Bank, UPSRTC launch Combo Prepaid Card

Lucknow, Mar 5 : Private sector bank ICICI Bank, on Wednesday announced the launch of a combo prepaid card in association with the Uttar Pradesh State Road Transport Corporation (UPSRTC).

ICICI Bank inaugurates 2 new branches

Trivandrum, Mar 4 : Private sector bank ICICI Bank Ltd has opened two new branches in Trivandrum, increasing total number of branches in the city to 19.

Yes Bank celebrates National Science Day

New Delhi, Mar 4 : Private sector bank Yes Bank has celebrated National Science Day across its branches by conducting National Science and Environment Olympiad in association with Saevus a well known wildlife magazine for citizens of India.

New software to curb online banking frauds

New York, Feb 26 : Have you ever been a victim of an online money transfer fraud? Read this.

New banking licences: Jalan panel submits report to RBI

New Delhi, Feb 25 : The committee on new bank licences submitted its recommendations to the Reserve Bank of India (RBI) Tuesday after scrutinising the applications.

ICICI Bank opens Gramin branch in Rajasthan

Jaipur, Feb 24 : Union Minister of State for Finance Namo Narayan Meena on Monday inaugurated ICICI Bank's 50th branch in Rajasthan at Amargarh Chowki in Sawai Madhopur district, as part of its financial inclusion plan that aims at opening branches in villages devoid of any banking facility.

ICICI launches 'Branch on Wheels' in Chhattisgarh

Raipur (Chhattisgarh), Feb 19 : Indian private sector bank, ICICI Bank Limited, on Wednesday announced the launch of its 'Branch on Wheels' in Chhattisgarh, as part of its financial inclusion plan that aims at providing banking services in villages which are so far devoid of banking facilities.

Government to infuse Rs.11,200 crore in banks

New Delhi, Feb 17 : The government will infuse Rs.11,200 crore capital in public sector banks in the financial year 2014-15, Finance Minister P. Chidambaram said Monday.

SBI profit slumps by 34 percent in Q3

Mumbai, Feb 14 : The country's largest lender State Bank of India (SBI) Friday reported 34 percent slump in its net profit for the third quarter of the current financial year.

IDBI launches Debt Opportunities Fund

Mumbai, Feb 12 : IDBI Mutual Fund on Wednesday announced the launch of the IDBI Debt Opportunities Fund, an open ended income scheme, which is an accrual based product with focus on generation of interest income.

ATMs soon to fork out cash without bank account too

Mumbai, Feb 12 : People without a bank account in India would soon be able to withdraw cash from an automated teller machine (ATM) with the use of mobile technology, Reserve Bank of India Governor Raghuram Rajan announced here Wednesday.

Bank strike affects commercial activity for second day

New Delhi/Chennai, Feb 11 : Banking operations, government and foreign exchange transactions and the money market were hit for the second day Tuesday by the employees' countrywide strike.

Strike a success, banks should recover bad loans, say unions

Chennai, Feb 11 : Claiming their two-day strike has been a total success, bank unions Tuesday said the industry's profits are being used to write off and for provisioning for bad loans.

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