New Delhi, July 27 : ICICI Bank Ltd, a private sector bank, on Monday announced the launch of a new recharge facility for Delhi Metro cards.
Chennai, July 25 : Government-owned Andhra Bank on Saturday said it closed the April-June first quarter of 2015-16 with a higher net profit.
Chennai, July 25 : City based Indian Overseas Bank (IOB) closed the April-June first quarter of the current fiscal with a lower net profit.
New Delhi, July 24 : Axis Mutual Fund, one of the premier asset management companies in India, announced the launch of Axis Equity Saver Fund, an open ended equity scheme which would endeavour to generate capital appreciation and income distribution, by investing in multiple asset classes-equity, hedged equity (arbitrage opportunities) and debt.
New Delhi, July 24 : At a time when acquisition of land for industry has become a politically hot issue, Punjab has created banks of this pre-cleared valuable real estate and is offering it with requisite power supply to push the state's industrialisation.
Chennai, July 24 : Axis Bank on Friday said it closed the first quarter of the current fiscal with 19 percent growth in its net profit.
New Delhi, July 23 : Yes Bank has launched the Yes Culture 'Idea of India' series, which will bring together scholars, thinkers and leaders under one roof to provide fresh perspectives on the idea of a modern day India.
Chennai, July 23 : Government-owned mortgage lender Indian Bank plans to hold an online auction of pledged properties in a major way next month, said a top bank official on Thursday.
Bengaluru, July 22 : Kolkata-based largest micro-finance firm turned Bandhan Bank is foraying into southern India with branches in the southern region from August.
Bangalore, July 22 : Bandhan Bank will start its branch operations in Karnataka, Kerala, Tamil Nadu, Andhra Pradesh and Telangana on August 23, the same day it commences its nationwide operations.
Mumbai/Nagpur, July 22 : In an embarrassment to the ruling BJP-Shiv Sena combine in Maharashtra, the central government has written to the state asking it to desist from compelling banks to extend farm credit, official sources here said on Wednesday.
New Delhi, July 21 : State-run banks had total outstanding corporate loans of over Rs.2.3 lakh crore by end of 2014-15, parliament was told on Tuesday.
Chennai, July 21 : HDFC Bank on Tuesday said it closed the first quarter of the current fiscal with 20.7 percent growth in its net profit.
Chandigarh July 14 : : Private sectgor bank ICICI Bank Limited organised Kisan Sampark Melas across two states of Punjab and Haryana, as a part of its financial inclusion plan.
Delhi, July 12: The central government is committed to providing facilities like ATMs, pension account and core banking through modern post offices all over the country, he said.
Kolkata, July 10 : Qatar-based commercial bank, Doha Bank on Friday said it is considering setting up a subsidiary in India to expand its presence across various cities.
Chennai, July 10 : The loan and deposit portfolios of scheduled commercial banks as on June 26, 2015 showed an uptrend, the Reserve Bank of India (RBI) said.
Chennai, July 9 : The All India Bank Employees' Association (AIBEA) on Thursday said it would release the revised list of loan defaulters during the winter session of parliament.
New Delhi, July 8 : The Export-Import Bank of India (Exim Bank) has opened entries for the Exim Bank International Economic Research Annual Award (IERA).
Mumbai, July 7 : ICICI Bank has upgraded its mobile banking app 'iMobile' by taking the total number of services that the users can avail of to over 100, the most by any Indian bank. A host of the new services are unprecedented in the industry.
Mumbai/Kolkata, July 2 : Moving a step ahead of mobile banking, HDFC on Thursday unveiled its banking app for Apple's recently launched Watch.
Mumbai, July 1 : Citi India on Wednesday announced its financial results for the year ended Mar 31 when the Profit Before Tax for Citibank India rose 15.8 percent to INR 5,923 crores from INR 5,113 crores in the previous financial year.
New Delhi, July 1 : The government is working on a comprehensive package to help stressed state-run banks and improve the flow of credit for industry, Minister of state for Finance Jayant Sinha said on Wednesday.
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.