Chennai, April 29 : Private sector ICICI Bank on Friday said it closed last fiscal with a lower net profit as compared to the previous fiscal.
Ujjain, MP, Apr 22 : ICICI Bank Ltd inaugurated a branch at at Simhastha in Madhya Pradesh's Ujjain.
New Delhi, April 22 : HDFC Bank said on Friday that its net profit in 2015-16's fourth quarter surged 20.2 percent, to stand at Rs.3,374.22 crore compared to Rs.2,806.91 crore posted during the corresponding quarter in 2014-15.
Mumbai, April 22 : IndusInd Bank said on Thursday that it posted a rise of 25.25 percent in its standalone net profit for the quarter ending March 31, 2016, at Rs.620.35 crore against Rs.495.27 crore in the same period of 2014-15.
Bengaluru, April 19 : RBL Bank on Tuesday launched an exclusive bank here to cater to startups to offer a bouquet of products and meet the end-to-end needs of entrepreneurs.
New Delhi, Apr 12 : Federal Bank ties up with Chillar Payment Solutions Pvt. Ltd., a technology driven start-up company to promote the start-up's technology product - 'Campus Wallet'.
New Delhi, April 8 : Economic Affairs Secretary Shaktikanta Das on Friday said banks are expected to cut interest rates over the next few days following the recent repo rate cut by the Reserve Bank of India (RBI).
Mumbai, Apr 8 : Several bank stocks gained on Friday following the release of instructions on trading in Priority Sector Lending Certificates (PSLCs) by the Reserve Bank of India (RBI) on Thursday, according to reports.
Kolkata, April 5 : The seven-month-old Bandhan Bank already commands a business of Rs.27,000 crore already and is targeting a 30 percent growth this fiscal year, a top official of the bank has said.
New Delhi, March 31 : All designated branches of 'agency banks' will remain open till 8 p.m. on Thursday to help people pay their taxes on the last day of the financial year 2015-16, the Reserve Bank of India said.
Chennai, Mar. 31 : The Reserve Bank of India (RBI) will shortly put into circulation coins Rs. 10 denomination to commemorate the occasion of 125th birth anniversary of Dr. B.R.Ambedkar.
Chennai, March 30 : The All India Bank Employees Association (AIBEA) has called for a nationwide bank strike on May 25 in support of various demands, a union leader said on Wednesday.
Mumbai, Mar 30 : The Reserve Bank of India (RBI) said on Tuesday that it will soon put into circulation currency notes of one rupee denomination and the existing currency notes in this denomination in circulation will also continue to be legal tender.
Chennai, March 27 : The government is seeking to reduce its stake in IDBI Bank to less than 50 percent as a test case owing to the institution's peculiar employee profile, said a leader of the trade union that is calling for a four-day strike in the bank.
Chennai, March 25 : The decision to strike work for four days starting March 28 by some young officers in the IDBI Bank has put even seasoned bank union leaders in a spot, who stress that there is no split in the bank officers union.
Chennai, March 24 : Expressing concern over the functioning of public sector banks and appointments to top posts in such banks, union Finance Minister Arun Jaitley has said the government was making efforts to streamline the system.
Mumbai, March 21 : IDBI Bank employees' unions have called a four-day countrywide strike from March 28 to oppose the government's move to dilute its stake in the bank announced by Finance Minister Arun Jaitley while presenting budget 2016-17 last month.
Chennai, March 20 : With their huge bad loans and provisioning for the same affecting their profitability, India's banks may not reduce their lending rates in the near future following the slashing of interest rates on the small savings schemes, say experts.
Mumbai, Mar 16 : HDFC Bank Ltd., on Wednesday launched SmartUp, a first-of-its-kind dedicated solution for start-ups, to fulfill all their banking needs.
Mumbai, March 10 : The biggest public sector lender State Bank Of India on Thursday denied any laxity on the part of the consortium of banks in seeking reliefs against the defunct Kingfisher Airlines Ltd. (KFAL), its promoters and holding-associated company.
Mumbai, Mar10 : ICICI Bank on Thursday announced the launch of a credit-linked subsidy scheme for home loans under the 'Pradhan Mantri Awas Yojana'. Under this scheme, individuals including women borrowers from the economically weaker section and low income group will be able to acquire and construct the first brick-and-mortar (pucca) house of the family by paying significantly lower Equated Monthly Instalments (EMIs).
Mumbai, March 10 : Five fintech start-ups in artificial intelligence, quality assurance, mobile, and biometric payments domains were selected as winners of HDFC Bank Digital Innovation Summit, a company statement said here on Thursday.
Bengaluru, March 8 : Private lender Yes Bank on Tuesday launched an all-women operated bank branch 'Yes Grace' on Cunningham Road here aimed at offering customised banking solutions to women.
New Delhi, March 8 : A major change taking place in India's financial system is the greater responsiveness of the formal banking sector to the articulated needs of the population, the government said on Tuesday.
Haryana, Mar 7 : : ICICI Bank has signed a Memorandum of Understanding (MoU) with the Government of Haryana at the 'Happening Haryana Global Investors Summit 2016'.
Mumbai, Mar 7 : : ICICI Bank announced the launch of two key initiatives to help its women employees overcome challenges that many of them face at certain life stages.
New Delhi, Mar. 6 : The Central Bureau of Investigation has conducted searches at ten locations in the office, residential premises of certain persons at Delhi and other places in an on-going investigation of a case relating to alleged violation of banking norms in overseas remittance of foreign exchange.
Gurgaon, March 5 : India needs a fundamentally strong bank and not a big bank which will not address the needs of the common man, said a top official in a leading bank union.
New Delhi, March 3 : The second retreat of heads of public sector financial institutions - Gyan Sangam - will kick off on Friday at the State Bank Academy in Gurgaon, an official statement said.
Chennai, March 3 : With several thousands of crore rupee-worth corporate loans given by government-owned banks turning bad, it is high time the top executives are also brought under service/conduct/ disciplinary rules, said a top leader of a bank union.
Chennai, Feb 29 : Union Finance Minister Arun Jaitley has not announced any drastic measures to recover the huge bad loans of government banks, said a top bank employees union leader on Monday.
New Delhi, Feb 29 : Continuing government efforts to deal with the high levels of non-performing assets (NPAs), or bad debts, of state-run banks, Finance Minister Arun Jaitley on Monday allocated Rs.25,000 crore towards their recapitalisation in the next fiscal.
Lucknow, Feb 26 : ICICI Bank Ltd. on Friday organised 20 coin exchange melas in Lucknow.
Mumbai, Feb 26 : Private Sector Bank Yes Bank has been ranked in the Top 500 Banking Brands globally by The Banker in association with Brand Finance.
Chennai, Feb 22 : The All India Bank Officers Confederation (AIBOC) on Monday said it would go on nation-wide strike on February 29 to demand the reinstatement of an official in the Kerala-based Dhanalaxmi Bank.
Only 35 percent of Indians above the age of 15 had bank accounts in 2011 (26.5 percent of females and 43 percent of males), according to a World Bank estimate. By 2014, this number, which coincided with cyclones Phailin and Hud-Hud ravaging the coastal states of Andhra Pradesh and Odisha, increased to 53 percent (43 percent of females and 62 percent of males), according to World Bank data.
Pune, Feb 18 : : ICICI Bank has launched a service to facilitate collection of property tax for the Pune Municipal Corporation (PMC).
Kolkata, Feb 15 : : mRUPEE, a subsidiary of Tata Teleservices, on Monday announced that it has tied up with IRCTC, India's largest e-commerce company, to provide an additional payment gateway.
Mumbai, Feb 15 : YES BANK, a private sector Bank, has signed a Memorandum of Understanding (MoU) with the Indian Renewable Energy Development Agency (IREDA) to foster development of the Renewable Energy Sector in India.
Mumbai, Feb 13 : Public sector lender Bank of Baroda on Saturday said it posted a net loss of Rs.3,342.04 crore for the quarter ending December 31, 2015 against a net profit of Rs.333.98 crore posted in the same period of the last fiscal.
Chennai, Feb 12 : The Reserve Bank of India (RBI) only notes cases of loan default but does not take any action and the only reform needed in India is action against wilful loan defaulters, said a top leader of a major bank employees union.
Chennai, Feb 12 : Three government owned banks - Canara Bank, Andhra Bank and IDBI Bank - on Friday followed most other sister banks in posting a steep fall in their net profits or a whopping loss while the provisions against bad loans rocketed up.
Chennai, Feb 11 : The distress in India's banking system is becoming evident by the day with more of these financing institutions reporting poor results in the third quarter of this fiscal, amid mounting bad loans. What is more, the stress is more pronounced in state-run banks.
Mumbai, Feb 11 : Leading private sector IndusInd Bank on Thursday said it had followed all regulatory guidelines while conducting a financial transaction for LeT terrorist-turned-approver David Coleman Headley, but denied it had opened any bank account for him.
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.
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.