Mumbai, Dec 1 : The Indian central bank on Tuesday kept its short-term lending and borrowing rates unchanged, in line with expectations, balancing its policy action between a comforting, 7.4 percent economic growth for the second quarter of this fiscal and a creeping inflation.
Chennai, Nov 27 : Multinational banking major HSBC on Friday announced its decision to exit private banking business in India while offering its existing clients the HSBC Premier, a global retail banking and wealth management proposition.
Chennai, Nov 26 : The number of awards given by the banking ombudsman across the country has come down drastically to 87 during 2014-15 from 207 awards given the previous fiscal, said the Reserve Bank of India (RBI).
New Delhi, Nov 25 : The All India Bank Employees Association (AIBEA) said on Wednesday it has deferred the all India bank strike proposed for December 1-2.
Bengaluru, Nov 9 : Canara Bank on Monday said it posted a stand-alone net profit of Rs.528.86 crore for the second quarter of 2015-16 against a net profit of Rs.626.84 crore in the same period last year.
Chennai, Nov 9 : Government-owned Bank of India on Monday reported a loss of Rs.1,126.24 crore for the second quarter of the current fiscal.
Chennai, Nov 5 : The Reserve Bank of India (RBI) on Thursday said it has imposed a monetary penalty of Rs.10 million on Dhanalaxmi Bank Ltd for violations of various norms including anti-money laundering standards.
Bengaluru, Nov 4 (: State-run Canara Bank has posted a Rs.529 crore net profit for the second quarter (July-September) of this fiscal (2015-16), registering a 16 percent decline from Rs.629 crore in the like period a year ago.
Abu Dhabi, Nov 3 : The National Bank of Abu Dhabi on Tuesday launched banking operations in India to enhance the bank's ability to service corporate and financial clients across the country and provide more capital to businesses in the growing Indian market.
Mumbai, Nov 3 : ICICI Bank on Tuesday said it is planning to grow its mobile banking transactions to Rs.80,000 crore by the end of the current fiscal.
Chennai, Nov 2 : Cashing in on the opportunity, Indian Bank earned Rs.1,207.56 crore from treasury operations last quarter and posted a net profit of Rs.369.31 crore, a top official of the bank said.
Accra (Ghana), Nov 2 : The Export-Import Bank of India, a premier finance institution that works towards integration of foreign trade and investment with the country's overall economic growth, has extended an USD 87 million line of credit for the re-powering of an electricity station in Zimbabwe's second largest city of Bulawayo.
Chennai, Oct 31 : Government-owned Indian Overseas Bank on Saturday said higher provisions towards domestic and overseas advances has resulted in the bank posting a net loss of Rs.551 crore in the second quarter of 2015-16.
Chennai, Oct 29 : Private sector City Union Bank on Thursday said it closed the quarter ended September 30, 2015 with higher profit and income.
Bengaluru, Oct 28 : State-run Syndicate Bank on Wednesday reported a net profit of Rs.332 crore for the second quarter (July-September) of this fiscal 2015-16 as against Rs.316 crore in like period last year, posting only five percent growth.
Chennai, Oct 26 : Housing mortgage lender Housing Development Corporation Finance Ltd. (HDFC) on Monday said it closed the second quarter with a profit of Rs.1,604.56 crore.
New Delhi, Oct 21 : The public sector banks (PSBs) said on Wednesday that their major problem of non performing assets (NPAs), or bad loans, could continue for another two to three quarters.
Chennai, Oct 21 : HDFC Bank closed the second quarter of the current fiscal with around 20 percent growth in net profit as compared to previous year's corresponding period, the private sector bank said on Wednesday.
Kolkata, Oct 12 : Bandhan Bank, which started full-fledged banking operations in August this year, has crossed a deposit base of Rs.1,500 crore, a top official of the bank said.
Chennai, Oct 12 : Private sector Kotak Mahindra Bank Ltd is in the process of studying integrating the technology platforms of ING Vysya Bank and the study is expected to be over in couple of quarters, said a senior official here on Monday.
Mumbai, Oct 8 : The ICICI Bank on Thursday launched a service enabling customers to make electronic payments from their smartphones at physical stores, e-commerce portals, radio taxis and utility billers, among others, without swiping a debit card.
Kolkata, Oct 3 : Following lending rate cuts from major banks across the country, state-run Union Bank of India (UBI), Indian Bank and Syndicate Bank and private Karur Vysya Bank on Saturday too cut their lending rates.
Mumbai, Sept 30 : Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, announced that its client Axis Bank has implemented a state of the art enterprise payments hub(EPH) on a modern architecture powered by TCS BaNCS.
Mumbai, Sept 30 : IDBI Bank's loans, linked to Base Rate will become cheaper following a 25 bps reduction in its Base Rate to 9.75pc p.a. with effect from October 5.
Chennai, Sep 29 : India's largest mortgage lender State Bank of India (SBI) has decided to cut its base rate by 40 basis points to 9.3 percent, a top bank official said.
New Delhi, Sep 29 : Welcoming the Reserve Bank of India's decision to cut short-term lending rates by 50 basis points, Finance Minister Arun Jaitley said on Tuesday this will support growth, while showing that inflationary pressures were now moderating.
Mumbai, Sep 29 : Springing a surprise, the Reserve Bank of India (RBI) on Tuesday cut its short-term lending rate by 50 basis points, but made a pitch for passing it on to consumers in the form of cheaper personal and commercial credit. Stakeholders expected a 25-basis-point cut.
Mumbai, Sep 29 : Springing a surprise, the Reserve Bank of India (RBI) on Tuesday cut its short-term lending rate by 50 basis points, but also made a pitch for it to be passed on to end-consumers in the form of cheaper personal and commercial credit.
Mumbai, Sep 28 : Amid continued concerns about levels of non-performing assets (NPAs), or bad debts, of public sector banks, Finance Minister Arun Jaitley said on Monday that the government may consider reducing its stake in them to 52 percent.
New Delhi, Sep 25 : India has reiterated its call for "voice reforms" in the World Bank towards giving greater say to emerging economies in the working of the multilateral institution.
Thiruvananthapuram, Sep 22 : The deposits made by Non Residents (NR) in Kerala banks crossed the Rs.1 lakh crore mark by June 30 this year, according to a report released here on Tuesday.
New Delhi, Sep 21 : The Canbank Venture Capital Fund, a Bengaluru-based subsidiary of state-run lender Canara Bank, has been appointed as the implementation agency for housing the electronics development fund (EDF), an official statement said on Monday.
Thiruvananthapuram, Sep 17 : The newly set-up MUDRA bank is going to be a huge succour for the more than 5.77 crore small business units who can look forward for easy financial assistance from it, union Law Minister D.V. Sadananda Gowda said on Thursday.
Mumbai, Sep 16 : The Reserve Bank of India (RBI) on Wednesday said it has accorded "in-principal" approval for 10 small finance banks that will focus on small geographies for operations but with a strong capital base.
Chennai, Sep 11 : Axis Bank on Friday launched LIME, a mobile phone application offering wallet, shopping, payments and banking facilities.
Bhubaneswar, Sep 9 : If people can't go to banks, the banks will come to them, Odisha Chief Minister Naveen Patnaik said on Wednesday while announcing that mobile banking would be introduced in all blocks of the state for the benefit of farmers.
Chennai/New Delhi/Kolkata, Sep 2 : Banking and insurance services were hit on Wednesday as lakhs of bank and insurance employees across the country struck work in protest against the anti-trade union and worker policies of the BJP-led central government.
Chennai/New Delhi, Sep 2 : Financial services were hit on Wednesday as lakhs of bank and insurance employees across the country began a one-day strike to protest against the anti-trade union and worker policies of the central government.
Chennai/Agartala/Bengaluru, Sep 1 : Banking and insurance operations in India will come to a grinding halt on Wednesday with around half-a-million bankers going on strike in protest against the centre's economic and labour policies, said union leaders.
Chennai, Aug 31 : Public sector Canara Bank on Monday said its board has approved raising capital to the tune of Rs.947 crore from the central government on preferential basis.
Chennai, Aug 31 : India's largest bank State Bank of India (SBI) and the largest private sector bank ICICI Bank have been designated as domestic systemically important banks (D-SIB), the Reserve Bank of India (RBI) said on Monday.
Kolkata, Aug 23 : City-headquartered Bandhan Bank on Sunday became the first universal private bank in eastern India to begin its journey post independence with 1.43 crore accounts in place and a loan book of Rs.10,500 crore backed by capital of Rs.2,570 crore.
Mumbai, Aug 20 : The Reserve Bank of India (RBI) will issue licences to small finance banks to operate next month, RBI Governor Raghuram Rajan said on Thursday.
New York, Aug 20 : MasterCard has started pilot programmes in the US and the Netherlands to test facial recognition technology to allow customers to verify mobile payments with a selfie.
Kolkata, Aug 19 : Bank of Maharashtra on Wednesday said it is planning to sell nearly Rs.500 crore of its bad loans to asset reconstruction companies (ARC) by the end of September this year.
New Delhi, Aug 18 : ICICI Bank, a private sector bank, on Tuesday launched the 'Smart Vault', a fully automated locker available 24x7, including weekends and post banking hours.
Mumbai, Aug 17 : IDBI Bank launched its Tab Banking solution christened 'JusTab' which will facilitate opening of accounts at customers' door step using Tablet.
Mumbai, Aug 17 : The All India Bank Officers Association (AIBOA) on Monday said it has launched a new wing called the Private Sector Bank Officers' Forum which will also join the all-India general strike called for September 2.
Chennai, Aug 10 : Jammu and Kashmir Bank Ltd on Monday said it closed the first quarter of 2015-16 with a net profit of Rs.158.7 crore on a lower income.
Chennai, Aug 8 : Public sector UCO Bank on Saturday said it closed the first quarter of the current fiscal with a net profit of Rs.256.70 crore as compared to Rs.521.40 crore for the same period last year.
Mumbai, Aug 8 : The Central Bank of India on Saturday said it has posted a higher net profit for the first quarter (April-June) of the current fiscal.
Chennai, Aug 7 : Public sector Corporation Bank on Friday said it closed the first quarter of current fiscal with a net profit of Rs.204.62 crore, down from Rs.231.46 crore in the same period last year.
Bengaluru, Aug 5 : Canara Bank reported a net profit of Rs.478.84 crore for the first quarter of 2015-16 fiscal, a fall of 40.6 percent in profits compared with the first quarter of 2014-15.
Mumbai, Aug 4 : India's central bank kept its key lending rates unchanged during its monetary policy review on Tuesday, sticking to its stand that further cuts will depend on commercial banks passing on the previous reductions to borrowers, among other factors.
Mumbai / New Delhi, Aug 3 : Online marketplace Snapdeal and HDFC Bank Ltd. on Monday launched a co-branded credit card in partnership with Visa.
Mumbai, Aug 3 : IDBI Bank launched its first self service Mini Branch Kiosk at its Cuffe Parade, Mumbai Branch which will address the customer's request of personalized cheque leaves dispensation and issue of Demand Draft and Pay Order on 24X7 basis.
New Delhi, July 31 : Union Finance Minister Arun Jaitley said on Friday that the Indian government has laid down a long term four year plan for Bank capitalization.
Mumbai, July 30 : Private sector bank HDFC Bank Ltd on Thursday launched 'Dhanchayat', an educational film to raise awareness on the dangers of borrowing money from unorganised sources.
New Delhi, July 30 : Kotak Mahindra Bank posted consolidated net profit of Rs.516.6 crore for the first quarter of 2015-16, down 26 percent from the Rs.698.3 in the corresponding quarter in 2014-15.
Bengaluru, July 30 : State-run Vijaya Bank on Thursday reported net profit of Rs.143 crore for first quarter of 2015-16 as against Rs.162 crore in same period of 2014-15, registering a 12 percent decline.