New Delhi [India], Sep 25 : Mobile payments and loans start-up ftcash, backed by IvyCap Ventures is the first fintech startup to launch Unified Payment Interface (UPI) for merchants in association with ICICI Bank.
New Delhi [India], Sep 23 : Kaspersky Lab experts have investigated how cybercriminals could exploit new ATM authentication technologies planned by banks.
Kolkata, Sep 23 : State-run United Bank of India (UBI) has received Rs 608 crore from the central government through preferential allotment of equity shares, the bank disclosed on Friday.
Mumbai, Sept 22 : Kotak Mahindra Bank on Thursday announced the launch of 'Kotak Now', a digital account opening process on mobile.
Kolkata, Sep 20 : In a bid to increase the institutional credit flow to micro, small and medium enterprises (MSMEs), banks can explore cash flow-based financing, as its funding to the sector is "not as per expectation", a senior government official has said.
Mumbai, Sep 6 : The Reserve Bank of India has sought to dispel rumours and curb malpractices in banks on the pretext of Know Your Customer (KYC) norms by issuing clarifications on the guidelines.
Mumbai, Sep 6 : In keeping with the low-key style he is known for, Reserve Bank of India's new Governor Urjit Patel began his first working day on Tuesday away from media spotlights, unlike the practice followed by RBI governors in the past. There were no milling photographers at the "handover".
New Delhi, Aug 30 : The problem of bad loans for the banking sector is significant when one looks at the increase in stressed assets and the falling recovery of bad loans, said a senior Reserve Bank of India (RBI) official on Tuesday.
New Delhi [India], Aug 29 : India's fifth largest private sector bank Yes Bank has announced the launch of 'Yes Pay', a digital wallet across Android and iOS mobile platforms.
New Delhi, Aug 28 : Commerce Minister Nirmala Sitharaman said on Sunday that banks were not fully understanding the problems faced by micro, small and medium enterprises (MSMEs), whose performance has been affected for long by high interest rates.
Kochi, Aug 27 : Kerala Chief Minister Pinarayi Vijayan on Saturday inaugurated the Kochi branch of Doha Bank.
Mumbai, Aug 24 : Country's largest lender State Bank of India (SBI) on Wednesday said it was authorised by capital raising committee to raise Rs 11,100 crore through Basel III compliant debt instruments on a private placement basis.
Mumbai, Aug 24 : The gross non-performing assets (NPAs), or bad loans, of India's state-run banks, measured as a percentage of their advances, have ballooned from 5.4 per cent as on March 2015 to 11.3 per cent 15 months later, as per latest data available with the central bank.
Kolkata, Aug 23 : Bandhan Bank, which marks its first anniversary on Tuesday, plans to expand its branch network to 1,000 by August 2017 from the existing 701, said its chief.
New Delhi, Aug 22 : Welcoming the appointment of RBI Deputy Governor Urjit R. Patel as the next Governor of the central bank, the government on Monday said that he should be able to contain inflation within the target of 4 per cent, plus or minus two percentage points.
Mumbai, Aug 20 : The country's largest lender State Bank of India on Saturday said it is looking to add USD 120 billion (Rs 8 lakh crore) assets following the merger of all its associates banks and Bhartiya Mahila Bank with it.
Kochi, Aug 18 : Doha Bank QSC is all set to open its first branch in the state in Kochi, which would be the third in the country.
Mumbai, Aug 18 : In a move that can potentially trigger a major consolidation in India's state-run financial services space, the board of the State Bank of India (SBI) on Thursday approved the acquisition of four other entities in the industry subject to a host of approvals.
Chennai, Aug 18 : At a time when banking majors are finding it difficult to raise capital, Maharashtra-based RBL Bank is expected to hit the market with a premium initial public offer on Aug 19.
Kolkata, Aug 14 : In the era of technology-based digital banking services, the public sectors banks have to show more flexibility in using new technology, otherwise they will lose market share, Montek Singh Ahluwalia, former Deputy Chairman of the erstwhile Planning Commission of India, said on Sunday.
Kolkata, Aug 12 : Public sector lender Allahabad Bank on Friday reported a net loss of Rs 564.96 crore for the quarter ended June 30 as compared to a net profit of Rs 146.86 crore in the year-ago period.
Chennai, Aug 12 : The failure of Dhanlaxmi Bank to pay a coupon on a subordinated debt instrument in July 2016 brings to light the increased risks faced by bank capital investors from the mounting asset-quality and capital adequacy pressures faced by Indian banking sector, said Fitch Ratings.
Mumbai, Aug 11 : Government-owned Bank of Baroda on Thursday said it closed the first quarter of the current fiscal with net profit of Rs 423.62 crore.
Kolkata, Aug 9 : Public sector lender UCO Bank on Tuesday reported a net loss of Rs 440.57 crore in the quarter ended June 30, 2016 as compared to Rs 256.70 crore in the year-ago period.
Mumbai, Aug 6 : State-run lender Union Bank on Saturday reported a 68 per cent decrease in its net profit to Rs 166.32 crore in the quarter ended June 30, as compared to Rs 518.78 crore in the corresponding period last year.
Kolkata, Aug 3 : The country's largest lender State Bank of India has identified 7 lakh accounts, which were opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), for providing overdraft facility, a top bank official said on Wednesday.
Kolkata, Aug 3 : Country's largest lender State Bank of India has identified 7 lakh accounts, which were opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), for providing overdraft facility, a top bank official said on Wednesday.
Chennai, Aug 2 : Public sector Indian Bank on Tuesday said it closed the first quarter of the current fiscal with a net profit of Rs 307.35 crore.
Kolkata, Aug 1 : State run UCO Bank on Monday said it is planning to issue of shares on a preferential basis to the government for a capital infusion of Rs 775 crore.
New Delhi, July 30 : SBI Chairperson Arundhati Bhattacharya has said that there is no reason for the bank employees to be apprehensive of the upcoming mergers as there will be no losses of jobs or salaries in the process.
New Delhi, July 29 : Even as bank employees struck work on Friday on the issue, State Bank of India chairperson Arundhati Bhattacharya said the process of the merger of five associate banks and Bhartiya Mahila Bank with the SBI should be over by next March.
New Delhi/Chennai, July 29 : Banking operations across the country were hit on Friday as around 10 lakh employees of private and nationalised banks struck work for a day to protest against central government's policies for the sector.
New Delhi, Jul 25 : Bank of Baroda has announced today that they are working with CreditMantri to launch a first of a kind credit product, wherein data from traditional and alternate data sources is used to help evaluate an applicant's credit worthiness and make a credit risk decision.
Puri, Odisha, July 22 : ICICI Bank Ltd has organised a coin exchange mela during the 'Rath Yatra' festival at the RBI financial literacy camp in Bholanath Vidyapith.
Chennai, July 22 : Public sector Vijaya Bank on Friday said it closed the first quarter of the current fiscal with a net profit of Rs 161.66 crore, against Rs.142.59 crore posted for the quarter ended June 30, 2015.
Bengaluru, Karnataka, July 22 : ICICI Bank Ltd, India's largest private sector bank, inaugurated five new branches in the villages of Sagar, Channagiri, Harihar, Devadurga and Lingasugur in Karnataka. Each branch houses a 24x7 ATM at its premises.
Bengaluru, July 22 : ICICI Bank Ltd, India's largest private sector bank, inaugurated five new branches in the villages of Sagar, Channagiri, Harihar, Devadurga and Lingasugur in Karnataka. Each branch houses a 24x7 ATM at its premises.
Mumbai, July 21 : Axis Bank, India's third largest private sector bank, on Thursday announced the launch of 'Happy Holidays Package', a one stop Mobile service that offers multiple travel benefits to globetrotters.
Chennai, July 21 : Kotak Mahindra Bank Ltd on Thursday announced that it closed the first quarter of the current fiscal with a net profit of Rs 741.97 crore as compared to Rs 189.78 crore for the same period last year.
Chennai, July 21 : Private sector HDFC Bank Ltd on Thursday said it closed the first quarter of the current fiscal with a net profit of Rs 3,238.91 crore as compared to Rs 2,695.72 crore for the same period last year.
Mumbai, July 21 : Federal Bank here on Thursday said it has signed an agreement with Reliance Jio Money for one-click payment service.
Kolkata, July 20 : Bank of Baroda, Eastern Zonal Office celebrated its 109th Foundation Day on July 20.
Chennai, July 20 : The recapitalisation of 13 government banks, announced by the central government on Tuesday, will result in dilution of their book value per share for banks with larger capital infusion, said investment banking firm Jefferies.
Chennai, July 20 : The recapitalisation of 13 government-owned banks, announced by the central government, will result in dilution of their book value per share for banks with larger capital infusion, investment banking firm Jefferies said on Wednesday.
New Delhi, July 19 : Minister of State for Finance Santosh Kumar Gangwar on Tuesday, quoting the Financial Stability Report of the Reserve Bank of India (RBI), said bad loans of public sector banks (PSBs) may rise to 10.1 per cent by March 2017.
New Delhi/Chennai, July 19 : The Finance Ministry on Tuesday announced the much-awaited capital infusion of Rs 22,915 crore towards the recapitalisation of 13 public sector banks during 2016-17.
Chennai, July 19 : The Royal Bank of Scotland (RBS) has informed its customers about the closure of all its 10 branches in India and withdrawal of its retail and wealth management services.
New Delhi, July 19 : The Ministry of Finance on Tuesday announced the much-awaited capital infusion of Rs 22,915 crore towards the recapitalisation of 13 public sector banks during 2016-17, with the largest amount earmarked for the country's largest lender, the State Bank of India.
Kolkata, July 18 : Bandhan Bank on Monday said it has reduced lending rate for micro loans by 0.6 per cent or 60 basis points (bps) from Monday to bring it down to 19.9 percent.
Chennai, July 13 : Around 10 lakh bankers across the country are expected to go on a strike on July 29 to oppose the government policies related to the banking industry, a top leader of All India Bank Employees's Association (AIBEA) has said.
New Delhi, July 11 : The Delhi High Court has accepted the plea of the State Bank of India (SBI) to restrain the strike by its associate banks.
New Delhi, July 8 : YES BANK, India's fifth largest private sector Bank, has signed a Memorandum of Understanding with SIDBI under the Partial Risk Sharing Facility (PRSF) for financing Energy Efficiency Projects program.
Kolkata, Jul 5 : The major fire, which break out in Allahabad Bank's branch at Exchange Place area in central Kolkata on Tuesday morning, has been brought under control.
Chennai, July 4 : Even though Indian commercial banks' shares have moved higher. ignoring Brexit (Britain exiting European Union), the currency volatility risks have to be understood, said US investment banking firm Jefferies in a report.
New Delhi, July 3 : The SBI and the World Bank have signed an agreement worth USD 625 million (around Rs. 4,200 crore) to support India in order to meet the mammoth power requirement while protecting the environment.
New Delhi, July 2 : The State Bank of India (SBI) on Saturday announced selling of five percent stake in bourse NSE to Mauritius-based Veracity Investments for Rs. 911 crore, valuing the exchange at over Rs 18,200 crore.
Mumbai, June 30 : IndusInd Bank has launched an integrated advertising campaign to unveil its service 'Fingerprint Banking'.
New Delhi, June 30 : German global banking and financial services company Deutsche Bank today said the only PSU bank gaining market share with right basics in retail loans is India's largest lender the State Bank of India (SBI).
Kolkata, June 29 : State-run UCO Bank, which posted a net loss in the last fiscal on account of high provisions to cover bad loans, is expected to return to profitability by the next fiscal, a top bank official said on Wednesday.
Mumbai, June 29 : RBL Bank, one of India's fastest growing private sector banks, has signed a Memorandum of Understanding (MoU) with Manipal Global Education Services (MaGE) to offer a customised Banking Training Program for participants at their Banking Training Campus in Bangalore.