Chennai, May 26 : Unions in the banking sector on Tuesday expressed happiness at the signing of the wage agreement for more than 800,000 employees in government and private-owned banks.
Bengaluru, May 25 : State-run Canara Bank posted net profit of Rs.2,703 crore for 2014-15, registering 11 percent growth over Rs.2,438 crore in 2013-14.
Mumbai, may 25 : ICICI Bank has announced the launch of voice recognition service which authenticates customers based on their speech patterns and allows them to execute banking transactions through the Bank's call centre in a quick, secure and convenient manner.
New Delhi, May 25 : Women have broken through the glass ceiling not just in India's financial services space, holding top positions in top banks, but have also made a significant mark in a host of other industries, says Naina Lal Kidwai, executive director of HSBC Asia Pacific.
Kolkata, May 22 : The nation's largest commercial bank, State Bank of India (SBI), which is undergoing restructuring, on Friday said it has applied to authorities for creating two more posts of managing director.
Kolkata, May 22 : The country's largest commercial bank, State Bank of India (SBI) said on Friday that it will be holding a resolution week from may 25 for its genuine loan defaulters where they can arrive at an amicable solution with the bank.
Kolkata, May 22 : The country's largest commercial bank, State Bank of India (SBI) will be holding a resolution week for its genuine loan defaulters where they can arrive at an amicable solution with the bank, an official said.
Kolkata, May 22 : Aiming to enhance its global footprint, India's largest commercial bank, State Bank of India is venturing into Brazil and Myanmar besides planning to enhance operations in the subcontinent, an official said here on Friday.
Kolkata, May 22 : State Bank of India (SBI) on Friday said its net profit during the 2014-15 fiscal increased by over 20 percent at Rs.13,102 crore against Rs.10,891 crore during 2013-14 along with an improvement in asset quality.
Kolkata, May 21 : State Bank of India and PayPal, an open digital payments company, on Thursday entered into a strategic partnership to promote cross border trade and facilitate payments for SBI and PayPal users both in India and abroad.
Chennai, May 19 : Government-owned Syndicate Bank on Tuesday said it plans to raise Rs.5,550 crore funds - a mix of equity and debt - at an appropriate time.
Mumbai, May 18 : HDFC Bank on Monday launched HDFC Bank Apollo Medical Benefits Card. HDFC Bank has partnered with Apollo Hospitals for this prepaid product, which allows corporates to easily disburse medical allowance to their employees, saving time and cost.
Mangalore, May 16 : Nationalised financial institution, Corporation Bank on Saturday said its net consolidated profit during 2014-15 increased marginally by less than one percent at Rs. 572.87 crore against Rs.568.48 crore in 2013-14.
Shanghai, May 16 : Prime Minister Narendra Modi on Saturday inaugurated the first branch of India-based ICICI Bank here in China.
Mumbai, May 15 : Private sector bank Axis Bank on Friday announced that it will enable 50,000 point of sale terminals at merchants for NFC based card payment acceptance.
Chennai, May 14 : Fraud-hit Bank of Maharashtra closed its books with higher net profit last year compared to corresponding period of the previous year while two other government-owned banks closed with negative growth in their bottomline.
Bengaluru, May 12 : Government-run Vijaya Bank on Tuesday said its net profit in 2014-2015 rose by 5.65 percent at Rs.439.41 crore against Rs.415.91 crore during 2013-14.
Kolkata, May 12 : State-run UCO Bank posted net profit of Rs.209 crore for fourth quarter of 2014-15, which is 27 percent lower than Rs.285 crore in like period year ago.
Mumbai, May 12 : State-owned bank Union Bank of India on Tuesday said its net profit in 2014-2015 rose by five percent at Rs.1,782 crore from Rs.1,696 crore in 2013-14.
Mumbai, May 11 : State-owned Bank of Baroda on Monday said its consolidated net profit for 2014-2015 declined by over 21 percent at Rs.3,911.73 crore against Rs.5,000.73 crore during 2013-14.
Bengaluru, May 9 : State-run Canara Bank on Saturday launched three social security schemes, flagged off by Prime Minister Narendra Modi in Kolkata, for people across Karnataka.
Bengaluru, May 9 : State-run Syndicate Bank posted net profit of Rs.1,523 crore for 2014-15, down 11 percent against Rs.1,711 crore in the previous fiscal.
Bengaluru, May 7 : Yes Bank has conducted workshops across its branches on Energy Conservation & Sustainable Living in association with The Climate Reality Project India, an organization working in the field of environment and climate change.
Chennai, May 5 : Private sector Kotak Mahindra Bank Ltd on Tuesday said it closed last fiscal with a net profit of Rs.1,865.98 crore up from Rs.1,502.52 crore earned during the corresponding period the previous year.
Chennai, April 29 : Housing Development Corporation Ltd (HDFC) on Wednesday said it closed last fiscal with a net profit of Rs.5,990.14 crore as compared to Rs. 5,440.24 crore for the year ended 2013-14.
Chennai, April 29 : Axis Bank on Wednesday said it had logged a net profit of Rs.7,357.82 crore in the last fiscal up from Rs.6,217.67 crore logged in 2013-14.
Chennai, April 27 : Private sector ICICI Bank on Monday said it closed last fiscal logging 14 percent growth in net profit.
Mumbai, Apr 27 : ICICI Bank on Monday said its standalone PAT stood at Rs. 11,175 crore, crossing Rs 10,000 crore mark, a 14% y-o-y increase in FY15.
Bengaluru, Apr 24 : Nissan on Friday opened Surya Nissan, its 189th dealer outlet in India, continuing with its momentum to set up 300 sales and service touch points across the country by end of FY-2016.
London, April 24 : HSBC bank has said it is considering moving its headquarters out of London, a media report said on Friday.
New York, April 24 : Deutsche Bank has agreed to pay a $2.5-billion fine to settle US and British accusations that more than 20 employees engaged in a "widespread effort" to rig benchmark interest rates for profit between 2005 and 2009, officials said on Thursday.
Mumbai, April 23 : Banking and financial services company HDFC Bank on Thursday said its consolidated net profit for the period April 2014 to March 2015 rose by 22.24 percent at Rs.10,688.89 crore against Rs.8,743 crore during April 2013 to March 2015.
Kolkata, Apr 22 : The State Bank of India tops in the implementation of PM's Jan Dhan Yojana (PMJDY) in West Bengal.
Mumbai, Apr. 21 : RBI's Deputy Governor H.R. Khan has said that issuance of payment bank licenses, which will bring the telcos and banks together, will be a game changer in the field of remittances and bill payments.
New Delhi, April 21 : The entire Indian banking industry ecosystem is at the cusp of a digital revolution, which requires adoption of technology to stay ahead of competition, a CII and PricewaterhouseCoopers study said here on Tuesday.
Chennai, April 21 : Forcing banks to sell insurance policies of multiple insurers would actually turn counter-productive with insurers facing the risk of huge penalties due to mis-selling and bankers not selling the products, said a senior official of a private life insurer.
New Delhi, April 19 : The finance ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday.
Washington, April 18 : The World Bank Group and a broad coalition of partners, including the State Bank of India, have made commitments that will help promote financial inclusion and achieve universal financial access by the year 2020.
New Delhi, April 16 : Even as the Pradhan Mantri Jan-Dhan financial inclusion scheme has enrolled over 12 crore new bank account holders, only 57 percent of the accounts have been found to be active in the real sense, according to a World Bank report.
Mumbai, April 14 : Major lending firms on Tuesday announced reduction in their home loan rates, days after the Reserve Bank of India (RBI) in its latest monetary policy review asked financial companies to transmit the benefit of past policy rate-cuts to consumers.
Mumbai, April 14 : Kotak Mahindra Bank has reduced its Base Rate from current level of 10% p.a to 9.85% p.a with effect from Apr 16.
Pune, April 10 : The Indian banking sector is all set to see a sea change in next two years with several new institutions and existing government banks undergoing a great change, RBI governor Raghuram Rajan said on Friday.
Bangalore, Apr 8 : Yes Bank has conducted workshops across its branches pan India, focusing on women in banking and promoting financial literacy among women.
New Delhi, April 8 : Prime Minister Narendra Modi on Wednesday launched a bank with a corpus of Rs.20,000 crore to extend credit of up to Rs.10 lakh to small businesses and regulate micro-finance institutions, to promote their growth, add to the country's output and create jobs.
New Delhi, April. 8 : Banks including the State Bank of India, HDFC and ICICI have announced a cut in their lending rates.
New Delhi, Apr 8 : Prime Minister Narendra Modi on Wednesday launched MUDRA Bank under Pradhan Mantri Jan Dhan Yojana, which is aimed to provide credit of up to Rs 10 lakh to small entrepreneurs.
New Delhi, Apr.7 : For accelerating and sustaining growth over the next decade from the present seven to eight per cent, the country has to move from the USD two trillion economy to a USD 4-5 trillion economy.
New Delhi, Mar 30 : : SBI Card, one of the leading credit card issuers, today launched its SimplySAVE SBI Card - a credit card with features designed to complement the spending habits of the credit card users of today. Inspired by the spending habits of young Indians, this card offers a rewarding experience while dining, watching movies or shopping at supermarkets.
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.