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 14% 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 $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 10% p.a to 9.85% 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.
New Delhi, April 8 : Prime Minister Narendra Modi on Wednesday launched a bank with a corpus of Rs.20,000 crore to extend credit of up to Rs.10 lakh to small businesses and regulate micro-finance institutions, to promote their growth, add to the country's output and create jobs.
New Delhi, April. 8 : Banks including the State Bank of India, HDFC and ICICI have announced a cut in their lending rates.
New Delhi, Apr 8 : Prime Minister Narendra Modi on Wednesday launched MUDRA Bank under Pradhan Mantri Jan Dhan Yojana, which is aimed to provide credit of up to Rs 10 lakh to small entrepreneurs.
New Delhi, Apr.7 : For accelerating and sustaining growth over the next decade from the present seven to eight per cent, the country has to move from the USD two trillion economy to a USD 4-5 trillion economy.
New Delhi, Mar 30 : : SBI Card, one of the leading credit card issuers, today launched its SimplySAVE SBI Card - a credit card with features designed to complement the spending habits of the credit card users of today. Inspired by the spending habits of young Indians, this card offers a rewarding experience while dining, watching movies or shopping at supermarkets.
Hyderabad, March 25 : The HDFC Bank will focus on expanding its business in Andhra Pradesh, where hectic economic activity is likely with proposed new industries and building of a new state capital.
Chennai, March 19 : Come April - the dawn of the new fiscal - and bankers would hit the streets to hold silent demonstrations outside the headquarters of corporate loan defaulters pressurising them to pay up their dues, said a top union official.
Mumbai, Mar 14 : Private sector bank ICICI Bank announced participation of its 100th branch in the 'Swachh Bharat Abhiyan' with its branch at Cenotaph Road in Chennai taking part in the landmark campaign which was launched by Prime Minister Narendra Modi to build consciousness about cleanliness in the country.
Chennai, March 5 : The Export-Import Bank of India (Exim Bank) would leverage an additional capital infusion of Rs.1,300 crore by the central government to raise around Rs.13,000 crore funds, said a senior official.
Chennai, March 4 : Even though the general feeling is that the commercial banks are now morally bound to reduce their lending rates following the Reserve Bank of India's (RBI) decision to cut its key lending rates, it may not happen soon, say industry experts.
Mumbai, March 4 : Housing, auto and commercial loans could become cheaper with the Reserve Bank of India cutting key lending rates by 25 basis points in an unexpected move on Wednesday as it expected inflation to soften further, sending stock indices soaring during the bulk of the day.
Chennai, March 2 : Indian bank employees are not against the consolidation of government-owned banks provided certain conditions are met, a top union leader said Monday.
New Delhi, Feb. 28 : ICICI Bank CEO and MD Chanda Kochhar on Saturday said the Union Budget 2015, which was introduced in the Parliament earlier in the day, will empower the entire country and touches the requirements of everyone.
New Delhi, Feb 28 : The government will enhance the allocation to the Mahatma Gandhi National Rural Employment Guarantee (MNREGA) scheme by Rs.5,000 crore, Finance Minister Arun Jaitley said Saturday.
Panaji, Feb 23 : ICICI Bank Ltd, a private sector bank, organised a Coin Exchange Mela at its Panaji Patto branch in Goa, under the guidance of the Reserve Bank of India.
Mumbai, Feb 23 : Employees unions of public sector banks on Monday called off their proposed four-day strike after reaching agreement on a 15 percent wage increase.
London, Feb 23 : HSBC bank is being probed by tax administration, regulatory and law enforcement authorities around the world, including India, and Europe's largest lender is concerned about the amounts of penalties that could be imposed on it for its alleged money-laundering activities, the bank said in its annual report Monday.
London, Feb 23 : HSBC Holdings, the Britain-based bank which is in trouble following a tax evasion scandal, Monday announced that its reported profit before tax reached $18.68 billion in 2014, down by 17 percent from the previous year.
Chennai, Feb 23 : Unions in the banking sector and the Indian Banks' Association (IBA) Monday came to an agreement on increasing pay slip salary component by 15 percent and the four-day strike (from Feb 25) call given by the unions has been withdrawn, said a union leader.
New Delhi, Feb 22 : The Indian Banks Association (IBA) has decided to hold talks Monday with leaders of bank unions, who have given a call for a four-day nationwide strike beginning Feb 25.
New Delhi, Feb. 21 : Union Finance Minister Arun Jaitley has appealed to all the employees of Public Sector Banks (PSBs) and their unions and associations not to resort to agitational approach by participating in the proposed bank strike
New Delhi, Feb 21 : Union Finance Minister Arun Jaitley has made an appeal to all the employees of Public Sector Banks (PSBs) and their Unions and Associations not to resort to agitation approach by participating in bank strike .
New Delhi, Feb 21 : Finance Minister Arun Jaitley Saturday appealed to the public sector banks (PSB) employees not to participate in a proposed four-day strike later this month.
Kolkata, Feb 20 : West Bengal-based micro-finance firm Bandhan Financial Services (BFS) Friday said it will focus on collecting deposits in the initial years of its operations after it rolls out a bank by September this year.
New Delhi, Feb 20 : The Competition Commission of India (CCI) Friday said it has approved the proposed merger deal between Kotak Mahindra Bank and ING Vysya Bank.
Chennai, Feb 20 : Though not agreeable to calling off their four-day strike later this month, bank unions will continue their talks with the Indian Banks' Association (IBA) Feb 23 in Mumbai, a leader said Friday.
Chennai, Feb 19 : The central government's intervention in early settlement of wage revision, timely appointment of workmen directors, and merger of regional rural banks (RRB) with their sponsors were some of the demands submitted by two bank unions to Finance Minister Arun Jaitley Thursday.
New Delhi, Feb 14 : Bank employee union Saturday said they may go for a four-day strike from Feb 25 followed by an indefinite strike mid March onwards unless their demand for wage hike is met.
New Delhi, Feb 14 : India's second largest private lender, HDFC Bank, Friday reported a 20.2 percent increase in its net profit for the quarter ended Dec 31 which stood at Rs.2,794.5 crore, up from Rs.2,325.70 in the corresponding period of the previous fiscal.
Kolkata, Feb 10 : United Bank of India (UBI) made the Net Profit of Rs. 42 crore in Quarter 3rd of Financial Year 2014-15 against a Net Loss of Rs. 1238 crore in Q3 of FY 2013-14.
Mumbai, Feb 9 : The Reserve Bank of India (RBI) Monday said it has cautioned lenders on the need to improve asset quality and curtail non-performing assets (NPAs) which have increased in the recent past.
New Delhi, Feb.7 : The Centre has decided to infuse Rs.6990 crores in nine public sector banks (PSBs) for which orders are being issued.
Mumbai, Feb 7 : Axis Bank Saturday said that it will seek shareholders' approval to raise Rs.15,000 crore through the issue of long-term bonds or non-convertible debentures to select investors.
Chennai, Feb 5 : Private lender HDFC Bank Thursday remained silent on reports it has raised over Rs.9,880 crore through its qualified institutional placement (QIP) and American Depository Receipts (ADR) that opened late Wednesday.
Chennai, Feb 4 : The Reserve Bank of India (RBI) Wednesday announced two four-member teams as the external advisory committees (EAC) for small finance banks and payments banks.
Mumbai/Bangalore , Feb 4 : HDFC securities Limited, a financial services intermediary and subsidiary of HDFC Bank, announced it teamed with IBM to launch a new mobile app that allows clients to securely trade stocks, track and manage portfolios and market movements, as well as analyze industry research and trends.
Chennai, Feb 3 : Unions in the banking sector Tuesday decided to strike work for four days (Feb 25-28) as the Indian Banks' Association (IBA) has not come out with any attractive proposals, said a union leader.
Mumbai, Feb. 3 : The Reserve Bank of India (RBI) on Tuesday kept the key rates unchanged making the repo rate stand at 7.75 percent, while the Statutory Liquidity Ratio (SLR) has been slashed by 50 basis points to 21.5 percent.
New Delhi, Feb 3 : The Reserve Bank of India (RBI) Tuesday decided to keep key interest rates unchanged in its sixth bi-monthly policy review.
Bangalore, Feb 2 : : Lakshmi Vilas Bank has celebrated Monday as a 'Big Day' as it opened its 400th branch and 750th ATM at Bommanahalli in Bangalore.
Mumbai, Feb 2 : Reliance Industries has roped in the State Bank of India (SBI) as an active equity partner as it seeks a licence to extend affordable banking and payments solutions in the country with access to 15,869 branches and vast network of India's largest commercial bank.
Mumbai, Jan 30 : The ICICI Bank Friday said its consolidated net profit increased by 14 percent to Rs.3,265 crore for the quarter ending Dec 31 compared with Rs.2,872 crore for the same period during the last fiscal.
New Delhi, Jan 24 : Prime Minister Narendra Modi has congratulated all bankers through an email for the success of the Pradhan Mantri Jan Dhan Yojana (PMJDY) and rolled out a roadmap for the future, an official statement said here Saturday.