Mumbai / Kolkata, June 29 : HDFC Bank has launched an auto loan that is disbursed in just 30 minutes using biometric technology. The 30-minute auto loan is available for HDFC Bank customers, as well as others. With this technology-enabled solution, loans for two-wheelers can also be approved within 15 minutes.
Chennai, June 29 : The All India Bank Officers Confederation (AIBOC) is mulling a call for a nationwide strike and a two-day Kerala state strike if the talks with the management of Dhanlaxmi Bank do not yield positive results, said a senior official.
Mumbai, June 29 : A few months ago, a cheque of Rs. 75,000 issued to a Mumbai businessman was repeatedly being returned and he instructed his lawyers to file a case under the Negotiable Instruments Act, 1882.
New Delhi, June 26 : Export-Import Bank of India (Exim Bank) has extended additional Line of Credit (LOC) to the Government of the United Republic of Tanzania, of USD 268.35 million for financing the extension of Lake Victoria pipeline to Tabora, Igunga and Nzega in Tanzania.
Mumbai, June 24 : Private sector bank Axis Bank on Wednesday announced the launch of Secure+, an EMV chip based debit card that offers best in class security by safeguarding the customer's wallet - including Axis Bank and other bank cards held by the customers.
Thiruvananthapuram, June 22 : Deposits of non-residents (NRs) in Kerala banks have crossed Rs.1 lakh crore in the last fiscal, said a State Level Bankers Committee (SLBC) report released here on Monday.
Mumbai, June 19 : Banking major State Bank of India (SBI) on Friday launched internet-based foreign exchange transactions platform.
New Delhi, June 14 : As many as 26 shortlisted candidates, including executives from private sector banks, are to appear for interviews here for two days from Monday, for the posts of chief executive and managing director at five major banks.
New Delhi, June 12 : Finance Minister Arun Jaitley on Friday expressed the hope that those commercial banks which have not passed on to borrowers the interest rate cuts made by the Reserve Bank of India (RBI) this year, would do so over the next few weeks.
Mumbai, June 11 : IDBI Bank has successfully attained the International Organization for Standardization Certification (ISO 27001:2013).
Thiruvananthapuram, June 11 : Kerala's State Bank of Travancore (SBT) is coming out with a new green initiative and traditional sartorial code for the employees on its 70th anniversary, an official said on Thursday.
Bengaluru, June 10 : State-run Canara Bank's two sponsored regional rural banks (RRBs) in Kerala and Karnataka on Wednesday launched an immediate payment service through the National Payments Corporation of India (NPCI).
Mumbai, June 9 : The board of ICICI Bank on Tuesday approved the appointment of M.K.Sharma as the new non-executive chairman for a period of 5 years, to succeed K.V.Kamath, who has been named the first president of the BRICS New Development Bank.
Haryana,June 3 : ICICI Bank Ltd, a private sector bank, inaugurated 14 new branches recently in Haryana.
Mumbai, June 2 : Private sector bank Axis Bank on Tuesday announced an initiative of enabling its customers to book lockers online using their smartphones.
Mumbai, June 2 : Giving in to overwhelming demands for easing the monetary policy, the Reserve Bank of India (RBI) on Monday lowered its short-term lending rate by 25 basis points in a move that could potentially reduce the cost of borrowings on personal and corporate loans.
Mumbai, May 31 : As the Reserve Bank of India (RBI) prepares for its bi-monthly monetary policy update here on Tuesday, uncertainty remains over Governor Raghuram Rajan cutting interest rates, despite requests to do so from stakeholders -- right from the government to corporates.
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 and 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 14pc 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 USD 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 10pc p.a to 9.85pc 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.