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Axis Bank signs MoU with China Development Bank

New Delhi, Sept. 18 : Axis Bank, India's third largest private sector bank, on Thursday signed a Memorandum of Understanding (MoU) with China Development Bank (CDB), one of the largest policy banks in China.


SBI controls half the mobile banking share

Mumbai, Sep 18 : With a whopping 11.5 million (1.15 crore) registered users, State Bank of India (SBI) generates around 50 percent of all mobile banking transactions, RBI data revealed here Thursday.


Jammu and Kashmir Bank makes 312 branches, 189 ATMS operational in valley

Srinagar, Sep 17 : The Jammu and Kashmir Bank Wednesday said it has made 312 branches and 189 automated teller machines (ATMs) functional in the Valley.


SBI's new fixed deposit rates effective from Thursday

New Delhi, Sep 17 : Anticipating a lower credit offtake than what was expected, State Bank of India (SBI) has revised its fixed deposit rates Thursday onwards.


RBI to issue final norms for 'on tap' bank licenses

Mumbai, Sep 16 : The Reserve Bank of India will issue the final guidelines for "on tap" universal banking licences within the current fiscal, it said Tuesday.


RBI governor counsels keeping FII debt limits

Mumbai, Sep 16 : Reserve Bank of India (RBI) Governor Raghuram Rajan Tuesday counselled continuing with limits on overseas investments in debt to curtail the country's reliance on foreign debt.


Axis bank joins ETC implementation plan of road transport and highways ministry

New Delhi, Sept.16 : Indian Highways Management Company Limited (IHMCL), an NHAI promoted company and Axis Bank have signed an agreement for the provision of Central Clearing House (CCH) services and sale of FASTag, for the Electronic Toll Collection (ETC) at the Toll Plazas on the National Highways.


HDFC Bank goes green, sends debit card PIN by SMS

New Delhi, Sep 14 : In a novel green initiative, HDFC Bank has launched a system of sending the personal identification number (PIN) for debit card holders through SMS instead of the usual despatch by post.


Jan Dhan opens 3 crore accounts, collects Rs.1,500 crore

New Delhi, Sep 11 : Banks have collected deposits of close to Rs.1,500 crore under the Jan Dhan scheme, while a survey of unbanked households is expected to complete by mid-October, the government Thursday said.


Lakhsmi Vilas Bank measures employee happiness

Chennai, Sep 11 : Perhaps for the first time in Indian banking history, Lakshmi Vilas Bank is measuring the happiness of its employees with a Happiness Index, said a senior official of the private sector bank.


Lakshmi Vilas Bank targets to double net profit

Chennai, Sep 11 : Doubling the net profit, logging 20 percent business growth, launching credit card, expanding branch and automatic teller machine (ATM) network, and hiring around 400 persons are among the Lakshmi Vilas Bank's plans this year, said a top official here Thursday.


$6.5 a unit gas price must for Reliance exploration: Deutsche Bank

New Delhi, Sep 9 : While the stakeholders keenly await the government to notify new prices of natural gas soon, a Deutsche Equity Research report says $6.5 per unit is a must for Reliance Industries to profit from deep water discoveries.


ICICI Bank board approves five-for-one stock split

New Delhi, Sep 9 : India's top private sector lender, ICICI Bank's board has approved five-for-one stock split, the company said in a filing in the Bombay Stock Exchange (BSE) Tuesday.


Dena Bank readies forensic audit report

Chennai, Sep 6 : Dena Bank is now monitoring all transactions of over Rs.5 crore online even as the forensic audit of the bank's Malabar Hill branch in Mumbai, involved in the alleged siphoning off of funds, is expected to be ready soon, said a top official.


RBI likely to hold rates in policy review this month: Report

New Delhi, Sep 5 : The Reserve Bank of India (RBI) is expected to hold its key interest rate in its policy review due on Sep 30 and is expected to lower rates from February, a Bank of America (BofA)-Merrill Lynch report said Friday.


Axis Bank once again features in Forbes Asia's FAB 50 list

Mumbai, Sep 4, : Axis Bank which is India's third largest private bank has been featured in Forbes Asia's FAB 50 list of 2014. This is the fourth time that Axis Bank has been featured and is amongst the only two banks in this renowned list.


Indian Bank opens 7.58 lakh Jan Dhan Yojana accounts

Chennai, Aug 30 : Public sector lender Indian Bank Saturday said it has opened 758,000 basic savings bank deposit (BSBD) accounts under the Pradhan Mantri Jan Dhan Yojana.


SBI rationalises home loan interest rates, slabs

Chennai, Aug 26 : The State Bank of India (SBI) Tuesday rationalised its home loan slabs from two to one and brought in one uniform interest rate, the bank said.


Court orders FIR against ICICI CEO Chanda Kochchar

Lucknow, Aug 22 : A court here has asked police to file a case against ICICI bank CEO Chanda Kochchar and the private bank's head of card operations Vinay Valse.


Syndicate Bank bribery case: Accused to be declared absconding

New Delhi, Aug 22 : A court here Friday initiated proceedings to declare as a proclaimed offender an accused in Syndicate Bank bribery case.


Be ready to pay if your ATM withdrawals exceed five a month

Mumbai, Aug 14 : You may have to pay up to Rs.20 for every ATM withdrawal if the number of such transactions from your own bank exceeds five a month, the Reserve Bank of India (RBI) said Thursday.


Frame conduct rules for bank executives: Staff union

Chennai, Aug 2 : A bank union has demanded that the government frame conduct regulations in the wake of top bank executives getting caught in corruption cases and some escaping punishment.


'State Bank of Patiala ready to merge'

By Gyanendra Kumar Keshri, New Delhi, July 30 : One of the five associate banks of the country's top lender, the State Bank of India (SBI), is set to merge with the parent this fiscal. State Bank of Patiala is the most likely suitor, a top banker has said.


India's youngest bank Bandhan to empower women, rural folk

By Sujit Chakraborty, Agartala, July 20 : Innovative microfinance company Bandhan will operate as a bank from October next year and focus on empowering women and rural people, says its chairman and managing director Chandra Shekhar Ghosh.


State-run banks' capital to be raised

New Delhi, July 10 : The capital of state-run banks will be raised through sale of shares to the public, Finance Minister Arun Jaitley announced Thursday while presenting his maiden annual budget.


ICICI Bank launches 'ICICI Bank Unifare Card' in partnership with DMRC

New Delhi, June 25 : ICICI Bank Limited, India's largest private sector bank, and Delhi Metro Rail Corporation (DMRC) Wednesday announced the launch of the 'ICICI Bank Unifare Card', co-branded debit and credit cards in association with MasterCard, offering exceptional value to commuters of Delhi Metro.


Make top executives of government banks accountable: Union

Chennai, June 21 : To reign in the ballooning non-performing assets (NPA) in public sector banks, chairman and managing directors (CMDs) and executive directors (EDs) should be made accountable, a leading bank union has demanded.


Banking to be more friendly to the differently abled

Mumbai, June 12 : Banking services for the 70 million differently abled people in the country will be more friendly with the recent revision in banking norms by the central bank's Banking Codes and Standards Board of India (BCSBI), an official said here Thursday.


Yes Bank, Saevus launch Natural Capital Olympiad

Mumbai, June 5 : Yes Bank in association with Saevus, a premier Wildlife publication, on World Environment Day, which was celebrated on Thursday, launched its mega initiative 'Natural Capital Olympiad'.


ICICI Bank launches 'Creative Masters'

Mumbai, June 5 : Private sector bank ICICI Bank Ltd has launched 'Creative Masters', an online drawing competition where participants can draw a depiction of a social cause such as education for less privileged children, save a girl child or support the elderly.


Deepika Padukone brand ambassador of Axis Bank

Mumbai, June 4 : Bollywood's blockbuster actress Deepika Padukone was Wednesday signed on to endorse Axis Bank. She will front the private sector bank's new campaign 'Badhne ke kai naam hai...', and says she's happy to be associated with a service so important to an individual's progress.


India's central bank leaves policy rates intact

Mumbai, June 3 : India's central bank Tuesday kept all key policy rates unchanged but eased some money for lending, indicating that it will await more positive signals from the economy and the upcoming national budget before measures to spur growth.


India's central bank keeps key rates unchanged

Mumbai, June 3 : India's central bank Tuesday kept key policy rates unchanged but marginally reduced the money commercial banks have to mandatorily hold in liquid assets, indicating it will await signals from the national budget next month before acting.


RBI to balance growth and inflation: Rajan

New Delhi, May 27 : Reserve Bank of India (RBI) Governor Raghuram Rajan Tuesday said the central bank would work to strike a balance between reviving economic growth and containing inflation.


Mobile banking apps a hacker's paradise

New York, May 23 : Love fund transfers or bill payments via mobile banking as you think two-step authentication process is secure? This may not be the case.


Five bank unions to protest Nayak panel report

Chennai, May 22 : Five bank unions are gearing up to hold protest meetings across the country to voice their opposition against the Nayak Committee report's recommendations Friday, an official said.


RBI to have regular process of bank licences: Rajan

New Delhi, May 20 : Reserve Bank of India Governor Raghuram Rajan Tuesday said the central bank would soon announce a regular process of granting bank licences, ending the current system of giving it in tranches.


ICICI Bank launches redesigned website

Mumbai, May 19 : Private sector bank ICICI Bank on Monday announced the launch of its redesigned website www.icicibank.com to offer its customers an enhanced experience across devices such as desktops, mobiles and tablets.


Bank unions to protest against Nayak panel's recommendations

Chennai, May 20 : Five bank unions will hold a nationwide protest Friday opposing the Nayak Committee recommendations, said a union leader.


Chidambaram to review financial performance of public sector banks

New Delhi, May 13 : Finance Minister P. Chidambaram will hold a meeting with the Chief Executive Officers (CEOs) of Public Sector Banks (PSBs) and Financial Institutions (FIs) today in order to review their annual performance for the financial year ending March 31, 2014.


Central Bank Q4 net marginally down

Mumbai, May 10 : Public sector lender, Central Bank of India has posted a marginal drop of 3.96 percent to Rs 162.44 crore for the quarter ended March 31, 2014 as compared to Rs 169.15 crore for the quarter ended March 31, 2013.


Dena Bank Q4 net up by 49.02 pc

Mumbai, May 10 : Public sector lender, Dena Bank has posted a rise of 49.02 percent at Rs 187.28 crore in its net profit for the quarter ended March 31, 2014 compared to Rs. 125.67 crore for the quarter ended March 31, 2013.


RBI asks banks not to levy penalty on loan pre-payment

Mumbai, May 7 : The Reserve Bank of India (RBI) Thursday directed all the commercial banks not to levy any penalty on pre-payment of loans under floating rate scheme that cover housing, auto as well as personal loans.


ICICI Bank launches new Savings Accounts for NRIs

Mumbai, May 6 : ICICI Bank, India's largest private sector bank, announced the launch of two new saving accounts products -- NRI Pro and NRI Premia -- for NRI customers.


Probe nexus in writing off bad loans: Bank union

Chennai, May 6 : Releasing a list of 406 huge bank loans amounting to Rs.70,300 crore that went bad, the All India Bank Employees Association (AIBEA) Tuesday demanded declaring wilful default a criminal offence and investigation to probe the nexus.


Yes Bank eyes healthy growth in retail, SME lending

New Delhi, May 1 : Yes Bank is expecting good growth from retail and SME lending business in the current financial year that will help improve the risk profile of the country's fourth largest private sector lender, a senior official said.


Yes Bank announces two new appointments

New Delhi, Apr 25 : Private sector bank Yes Bank has announced the appointment of two independent directors-Saurabh Srivastava and Vasanth V Gujarathi on the Board of Directors of Yes Bank, at the Board meeting held on Apr 23.


ICICI Bank Q4 profit rises 15 percent

Mumbai, April 25 : India's largest private sector lender ICICI Bank Friday said its net profit grew by 15.1 percent to Rs.2,652.01 crore (USD 434.75 million) for the quarter ended March 31 last.


ICICI Bank's Touch Banking branches cross 100

Mumbai, Apr 21 : Private sector bank ICICI Bank has scaled up the number of its fully-automated Touch Banking branches to 100 in 33 cities across the country.


HDFC Bank sets Guinness World Record

Kolkata / Mumbai, Apr 21 : HDFC Bank has created a new Guinness World Record with the Annual Blood Donation Drive, organised by the bank in December 2013, getting recognised as the largest effort of its kind across the globe.


Doha Bank to buy HSBC Bank Oman business in India

Dubai, April 19 : Qatar-based Doha Bank has agreed to buy HSBC Bank Oman's business in India that has gross assets of Rs.350 crore (USD 58 million).


Yes Bank signs sponsorship deal with Indian Golf Union

New Delhi, April 18 : Yes Bank, India's fourth largest private sector bank, Friday signed a three-year deal with the Indian Golf Union (IGU) Junior Tour commencing with the 2014 season.


UAE bank launches mobile payment solution

Dubai, April 4 (WAM) Mashreq, a leading financial institution in the United Arab Emirates (UAE), has launched a new mobile payment solution called Tap n Go that is expected to redefine the world of mobile payments.


IDFC, Bandhan Financial get banking licences

Mumbai, April 2 : The Reserve Bank of India (RBI) Wednesday granted "in-principle" approval to IDFC Limited and Bandhan Financial Services Private Limited to set up new banks, with some big guns failing to make the cut.


Infy banking product ranked market leader

Bangalore, April 2 : Leading US-based research and consulting firm Celent has ranked Infosys a global market leader for winning the highest number of deals in 2012-13 for its Finacle universal core banking solution.


Status quo seen in Indian central bank's first bi-monthly review

By Gyanendra Kumar Keshri, New Delhi, March 31 : The stage is set for the first bi-monthly monetary policy review of the Reserve Bank of India (RBI) Tuesday and the expectation in the financial world is for interest rates to be left untouched -- that is, no change in your EMIs towards housing, auto or consumer goods loans.


Women bank now in Meghalaya

Shillong, March 25 : Bharatiya Mahila Bank (BMB) Tuesday unveiled its 21st branch in the matrilineal state of Meghalaya.


Bharatiya Mahila Bank expanding base across India

Agartala, March 24 : The Bharatiya Mahila Bank (BMB), the country's first all-women bank, aiming to economically empower women will open 55 more branches across the country by next fiscal (2014-15), a senior bank official said here Monday.


All women's bank to open three branches in northeast India

Agartala, March 23 : The Bharatiya Mahila Bank (BMB) -- India's first all-women bank -- will open three more branches in three capital cities of the northeastern states this week, officials said here Sunday.


ICICI Academy launches centre in Guwahati

Guwahati, Mar 21 : ICICI Academy for Skills (ICICI Academy) on Friday announced the launch of a centre in Guwahati to provide vocational training to the youth from the economically weaker sections to help them earn a sustainable livelihood.


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