Chennai, Feb 10 : Government-owned Bank of Maharashtra on Wednesday said it closed the third quarter of the current fiscal with a net profit of Rs.89.06 crore as against Rs.57.24 crore posted during the same quarter of the last fiscal.
Chennai, Feb 10 : Government-owned Indian Overseas Bank on Wednesday said it closed the third quarter of 2015-16 with a net loss of Rs.1,425.06 crore as compared to net loss of Rs. 516.03 crore for the quarter ended December 31, 2014.
Chennai, Feb 9 : Government-owned Allahabad Bank on Tuesday said it closed the third quarter of the current fiscal with a net loss.
Kolkata, Feb 9 : City-headquartered Bandhan Bank, which began commercial operations last year, is targeting growth on the deposit as well as credit front by at least 30 percent by 2017-end, a top official said here.
Chennai, Feb 9 : Government-owned Punjab National Bank (PNB) closed its third quarter of the current fiscal with a drastic Rs.723.55 crore fall in its net profit.
Chennai, Feb 5 : Securitisation of loan accounts is one way of improving liquidity of banks' assets but the development of securitisation market depends on improving the quality of loan origination, said a senior official of the Reserve Bank of India (RBI) here on Friday.
Mumbai, Feb 5 : In a unique public-private-initiative (PPP), YES Bank has collaborated with Indian Railways to provide community water purification systems at 1,000 railway stations across India by 2019, an official said here on Friday.
Bengaluru, Jan 28 : State-run Syndicate Bank on Thursday reported net loss of Rs.119 crore for third quarter of 2015-16 as against net profit of Rs.305 crore in same period last fiscal, suffering a whopping 119 percent decline year-on-year due to higher provisioning for NPAs.
Mumbai, Jan 28 : The December quarter results of ICICI Bank, posted on Thursday, failed to meet analysts' expectations.
Vijayawada, Jan 28 : The ICICI Bank Ltd on Thursday inaugurated a new branch at Poranki. The branch is situated at Poranki in Krishna District of Andhra Pradesh.
Chennai, Jan 28 : ICICI Bank Ltd on Thursday said it closed the third quarter of the current fiscal with a higher net profit over the corresponding period of the previous year.
Kolkata, Jan 27 : Axis Bank, India's third largest private sector bank today announced its partnership with Apollo Munich Health Insurance Company to offer its customers bespoke health insurance products and services.
Chennai, Jan 27 : Housing Development Finance Corporation Ltd. (HDFC) on Wednesday said it closed the third quarter with higher profit and would raise Rs.450 crore from private placement of secured redeemable non-convertible debentures.
Jalandhar, Jan 27 : ICICI Bank Ltd inaugurated a new branch at Urban Estate Market, Phase-2 in Jalandhar.
Chennai, Jan 27 : HDFC on Tuesday said it would raise Rs.450 crore from private placement of secured redeemable non-convertible debentures.
Chennai, Jan 25 : Private sector HDFC Bank Ltd. on Monday said it closed the third quarter with around 20 percent growth in its net profit.
New Delhi, Jan 24 : The government will pay banks a 2.5 percent commission for mobilising gold under the gold monetisation scheme and depositors will be permitted premature withdrawal of the precious metal deposited, an official statement said on Sunday.
Mumbai, Jan 22 : The Reserve Bank of India will put into circulation 100-rupee banknotes incorporating enhanced security features, same as those in rupees-500 and rupees-1000 banknotes.
Mumbai, Jan 20 : Axis Bank on Wednesday said it posted a net profit of Rs.2,175.3 crore for the quarter ending December 2015.
London, Jan.19 :Yes Bank, India's fifth largest private bank, today formalised the Memorandum of Understanding signed with The London Stock Exchange during Prime Minister Narendra Modi's UK visit in November 2015, to develop bond and equity issuance, with particular focus on the relatively untapped sector of Green Infrastructure Finance.
Mumbai, Jan 19 : Private sector bank credits will see a compound annual growth rate (CAGR) of 24 percent till fiscal 2019, as compared to 12 percent for the state-run ones, a joint study by industry chamber Assocham and ratings agency Crisil said on Tuesday.
Geneva, Jan 18 : Yes Bank, a private sector bank, has joined nearly 200 forward-thinking companies across the globe as the newest member of the World Business Council for Sustainable Development (WBCSD).
Mumbai, Jan 14 : ICICI Bank on Thursday announced that it crossed the milestone of disbursing mortgage loans of over Rs 1 lakh crore.
Bengaluru, Jan 14 : The State Bank of India (SBI) on Thursday formally launched its first exclusive startup bank branch SBI InCube and wealth management services SBI Exclusif.
Bengaluru, Jan 14 : The State Bank of India (SBI) on Thursday launched its first exclusive startup bank branch SBI InCube and wealth management services SBI Exclusif.
Chennai, Jan 12 : Private sector IndusInd Bank closed third quarter of 2015-16 with higher net profit and total income.
Chennai, Jan 12 : Private sector Federal Bank on Tuesday said it closed third quarter with a lower net profit and total income.
New Delhi, Jan 12 : India's banking sector on Tuesday sought increasing the tax exemption limit for savings to Rs.2.5 lakhs and allowing it to issue off-shore rupee bonds to finance infrastructure, at a pre-Budget meeting Finance Minister Arun Jaitley had with banks and financial institutions.
Chennai, Jan 8 : Around 21 lakh cheques worth about Rs.16,000 crore could not be cleard on Friday owing to bankers strike against the violation of bilateral settlement by five associate banks of the State Bank of India (SBI), said a top leader of employees union.
New Delhi, Jan 7 (ANI-NewsVoir): PNB Housing Finance Limited, the fifth largest housing finance company in India is all set to launch a multi-media, multi-city and high intensity brand campaign starting January seventh, 2016.
Mumbai, Jan 6 : ICICI Academy for Skills (ICICI Academy), an arm of ICICI Foundation for Inclusive Growth, on Wednesday launched its first centre in Mumbai to provide vocational training to the youth from economically weaker sections to help them earn a sustainable livelihood.
New Delhi, Jan 6 : The union cabinet on Wednesday approved the setting up of a credit guarantee fund for loans of Micro Units Development and Refinance Agency Ltd or MUDRA Bank.
Ajmer, Jan 4 : The ICICI Bank has signed a Memorandum of Understanding (MoU) with the Ajmer Nagar Nigam to help the latter collect tax online from the residents of Ajmer.
New Delhi, Jan 1 : Bank of India said on Friday that it has raised Rs.3,000 crore by issuing Basel-III compliant tier-II bonds.