India Bank News

Syndicate Bank likely to raise Rs. 4,300 crore this fiscal year
New Delhi, May 19 : State-owned Syndicate Bank in a BSE filing today said that it will raise up to Rs 4,300 crore this fiscal through various instruments including Basel-III compliant bonds, rights issue and preferential allotment. Read Full Story

PNB posts biggest quarterly loss in Indian bank history
New Delhi, May 18 : Punjab National Bank (PNB), which reported its latest March quarter earnings on Wednesday, posted a net loss of 5370 crore -- due to higher provisioning for bad loans -- the biggest quarterly loss in the history of Indian banking, according to media reports. Read Full Story

Yes Bank Payment Solution for Snapdeal wins awards
Mumbai, May 12 : Yes Bank has won multiple awards at The Asian Banker Banker's Choice and Asian Banker Transaction Banking Awards 2016 programme held in Vietnam. Read Full Story

HDFC Bank appoints K. Balasubramanian as Head of Corporate Banking
Mumbai, May 12 : HDFC Bank Ltd., has appointed K. Balasubramanian as the Head of Corporate Banking. Designated Group Head - Corporate Banking. Read Full Story

ICICI Bank launches contact-less credit card with Jet Airways for SME's
Mumbai, May 12 : ICICI Bank recently announced the launch of the country's first contactless business credit card in association with Jet Airways, for small and mid-sized enterprises (SMEs) and their employees. Read Full Story

Axis Bank enables electronically signed, paperless nomination requests for its customers
New Delhi, May 11 : Axis Bank, taking its Digital Banking initiatives a step forward, has launched 'eSign' for its customers. eSign is an online electronic signature service which facilitates an Aadhaar holder to digitally sign a document within seconds. Read Full Story

IDBI Bank becomes first PSU bank to open International Banking Unit at India's first IFSC in GIFT City
New Delhi, May 7 : : IDBI Bank becomes the first public sector bank to open its IFSC Banking Unit (IBU) at India's first and only International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT). IDBI Bank is the youngest, new generation, public sector universal bank with its operations driven by a cutting edge core banking information technology platform. Read Full Story

Airtel M-Commerce Services Ltd rechristened as Airtel Payments Bank Ltd
New Delhi, May 3 : Airtel M-Commerce Services Limited, a subsidiary of Bharti Airtel Limited, has been renamed as Airtel Payments Bank Limited after receiving necessary approvals from all concerned authorities. Read Full Story

ICICI Bank inaugurates temporary extension counter at Simhastha in Ujjain
Ujjain, MP, Apr 22 : ICICI Bank Ltd inaugurated a branch at at Simhastha in Madhya Pradesh's Ujjain. Read Full Story

HDFC Bank sees marginal increase in NPA in latest quarter compared to last year
Mumbai, Apr 22 : India's second largest private sector bank by assets, HDFC Bank, reported its results for the quarter ended Mar 31, 2016, on Friday. Read Full Story

Federal Bank launches campus wallet for students
New Delhi, Apr 12 : Federal Bank ties up with Chillar Payment Solutions Pvt. Ltd., a technology driven start-up company to promote the start-up's technology product - 'Campus Wallet'. Read Full Story

PSLC instructions from RBI boost banking stocks on Friday morning
Mumbai, Apr 8 : Several bank stocks gained on Friday following the release of instructions on trading in Priority Sector Lending Certificates (PSLCs) by the Reserve Bank of India (RBI) on Thursday, according to reports. Read Full Story

RBI to issue Rs.10 coins to mark birth anniversary of Ambedkar
Chennai, Mar. 31 : The Reserve Bank of India (RBI) will shortly put into circulation coins Rs. 10 denomination to commemorate the occasion of 125th birth anniversary of Dr. B.R.Ambedkar. Read Full Story

New one rupee notes to be introduced by the RBI
Mumbai, Mar 30 : The Reserve Bank of India (RBI) said on Tuesday that it will soon put into circulation currency notes of one rupee denomination and the existing currency notes in this denomination in circulation will also continue to be legal tender. Read Full Story

HDFC Bank launches SmartUp for start-ups
Mumbai, Mar 16 : HDFC Bank Ltd., on Wednesday launched SmartUp, a first-of-its-kind dedicated solution for start-ups, to fulfill all their banking needs. Read Full Story

ICICI Bank launches credit-linked subsidy scheme under 'Pradhan Mantri Awas Yojana'
Mumbai, Mar10 : ICICI Bank on Thursday announced the launch of a credit-linked subsidy scheme for home loans under the 'Pradhan Mantri Awas Yojana'. Under this scheme, individuals including women borrowers from the economically weaker section and low income group will be able to acquire and construct the first brick-and-mortar (pucca) house of the family by paying significantly lower Equated Monthly Instalments (EMIs). Read Full Story

ICICI Bank launches novel women centric initiatives on International Women's Day
Mumbai, Mar 7 : : ICICI Bank announced the launch of two key initiatives to help its women employees overcome challenges that many of them face at certain life stages. Read Full Story

ICICI Bank signs MoU with the Government of Haryana
Haryana, Mar 7 : : ICICI Bank has signed a Memorandum of Understanding (MoU) with the Government of Haryana at the 'Happening Haryana Global Investors Summit 2016'. Read Full Story

Bank of Baroda forex scam: CBI conducts searches at 10 locations
New Delhi, Mar. 6 : The Central Bureau of Investigation has conducted searches at ten locations in the office, residential premises of certain persons at Delhi and other places in an on-going investigation of a case relating to alleged violation of banking norms in overseas remittance of foreign exchange. Read Full Story

ICICI Bank organises Coin Exchange Mela at its branches in Lucknow
Lucknow, Feb 26 : ICICI Bank Ltd. on Friday organised 20 coin exchange melas in Lucknow. Read Full Story

Yes Bank ranked in top 500 Global Banking Brands List by The Banker
Mumbai, Feb 26 : Private Sector Bank Yes Bank has been ranked in the Top 500 Banking Brands globally by The Banker in association with Brand Finance. Read Full Story

ICICI Bank launches property tax collection service in association with Pune Municipal Corporation
Pune, Feb 18 : : ICICI Bank has launched a service to facilitate collection of property tax for the Pune Municipal Corporation (PMC). Read Full Story

mRUPEE ties up with IRCTC; offers easy payment option
Kolkata, Feb 15 : : mRUPEE, a subsidiary of Tata Teleservices, on Monday announced that it has tied up with IRCTC, India's largest e-commerce company, to provide an additional payment gateway. Read Full Story

YES BANK signs strategic MoU with IREDA at Make in India Week, Mumbai
Mumbai, Feb 15 : YES BANK, a private sector Bank, has signed a Memorandum of Understanding (MoU) with the Indian Renewable Energy Development Agency (IREDA) to foster development of the Renewable Energy Sector in India. Read Full Story

ICICI Bank see a jump in bad loans during its December 2015 quarter
Mumbai, Jan 28 : The December quarter results of ICICI Bank, posted on Thursday, failed to meet analysts' expectations. Read Full Story

AP: ICICI Bank inaugurates new branch at Poranki
Vijayawada, Jan 28 : The ICICI Bank Ltd on Thursday inaugurated a new branch at Poranki. The branch is situated at Poranki in Krishna District of Andhra Pradesh. Read Full Story

Axis Bank partners with Apollo Munich
Kolkata, Jan 27 : Axis Bank, India's third largest private sector bank today announced its partnership with Apollo Munich Health Insurance Company to offer its customers bespoke health insurance products and services. Read Full Story

ICICI Bank inaugurates its 215th branch in Punjab
Jalandhar, Jan 27 : ICICI Bank Ltd inaugurated a new branch at Urban Estate Market, Phase-2 in Jalandhar. Read Full Story

Security features of 100-rupee banknotes being enhanced by the Reserve Bank of India
Mumbai, Jan 22 : The Reserve Bank of India will put into circulation 100-rupee banknotes incorporating enhanced security features, same as those in rupees-500 and rupees-1000 banknotes. Read Full Story

India's Yes Bank inks MoU with London Stock Exchange
London, Jan.19 :Yes Bank, India's fifth largest private bank, today formalised the Memorandum of Understanding signed with The London Stock Exchange during Prime Minister Narendra Modi's UK visit in November 2015, to develop bond and equity issuance, with particular focus on the relatively untapped sector of Green Infrastructure Finance. Read Full Story

Yes Bank joins World Business Council for Sustainable Development
Geneva, Jan 18 : Yes Bank, a private sector bank, has joined nearly 200 forward-thinking companies across the globe as the newest member of the World Business Council for Sustainable Development (WBCSD). Read Full Story

ICICI Bank mortgage portfolio crosses Rs 1 lakh crore
Mumbai, Jan 14 : ICICI Bank on Thursday announced that it crossed the milestone of disbursing mortgage loans of over Rs 1 lakh crore. Read Full Story

PNB Housing Finance eyes repositioning with multimedia campaign launch
New Delhi, Jan 7 : PNB Housing Finance Limited, the fifth largest housing finance company in India is all set to launch a multi-media, multi-city and high intensity brand campaign starting January seventh, 2016. Read Full Story

ICICI Academy for Skills inaugurates its first centre in Mumbai
Mumbai, Jan 6 : ICICI Academy for Skills (ICICI Academy), an arm of ICICI Foundation for Inclusive Growth, on Wednesday launched its first centre in Mumbai to provide vocational training to the youth from economically weaker sections to help them earn a sustainable livelihood. Read Full Story

ICICI Bank launches online tax collection service for residents of Ajmer
Ajmer, Jan 4 : The ICICI Bank has signed a Memorandum of Understanding (MoU) with the Ajmer Nagar Nigam to help the latter collect tax online from the residents of Ajmer. Read Full Story

RBI urges banks to follow a uniform methodology from April next year
New Delhi, Dec. 18 : The Reserve Bank of India (RBI) has said that all banks will have to follow a new and uniform methodology from April next year. The announcement is likely to affect the calculation of the base rate as per the marginal cost of funds. Read Full Story

IDBI Bank loans to become cheaper following 25 bps reduction in Base Rate
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.
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Axis Bank goes live on India's first ever Enterprise Payment Hub
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.
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ICICI Bank launches 'Smart Vault', a fully automated locker
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. Read Full Story

IDBI Bank launches Tab Banking
Mumbai, Aug 17 : IDBI Bank launched its Tab Banking solution christened 'JusTab' which will facilitate opening of accounts at customers' door step using Tablet. Read Full Story

IDBI Bank launches self-service Mini Branch Kiosk
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. Read Full Story

Snapdeal and HDFC Bank launch co-branded ecommerce credit card
Mumbai / New Delhi, Aug 3 : Online marketplace Snapdeal and HDFC Bank Ltd. on Monday launched a co-branded credit card in partnership with Visa. Read Full Story

Govt lays down four year long plan for bank capitilisation
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. Read Full Story

HDFC Bank launches Dhanchayat
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. Read Full Story

ICICI Bank introduces convenient recharge facility for Delhi Metro commuters at mRUPEE outlets
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.
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Axis MF launches Axis Equity Saver, multi-asset open ended equity fund
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. Read Full Story

Yes Bank launches Yes Culture 'Idea of India' Series
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. Read Full Story

Bandhan Bank to enter South India
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. Read Full Story

ICICI Bank organises 350 Kisan Sampark Melas across Punjab and Haryana in June
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.
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Exim Bank announces 27th edition of its International Economic Research Award
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). Read Full Story

ICICI Bank upgrades its mobile banking app, offers more than 100 services
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.
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Online banking moves a step ahead, HDFC launches watch banking
Mumbai/Kolkata, July 2 : Moving a step ahead of mobile banking, HDFC on Thursday unveiled its banking app for Apple's recently launched Watch. Read Full Story

Profit Before Tax for Citibank India rose 15.8 percent
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. Read Full Story

HDFC Bank launches 30-minute auto loan, 15-minute two-wheeler loan
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. Read Full Story

Exim Bank extends line of credit to Tanzania govt
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. Read Full Story

Axis Bank launches Secure+ debit card
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.
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IDBI Bank awarded ISO Certification
Mumbai, June 11 : IDBI Bank has successfully attained the International Organization for Standardization Certification (ISO 27001:2013). Read Full Story

ICICI Bank inaugurates 14 new branches in Haryana
Haryana,June 3 : ICICI Bank Ltd, a private sector bank, inaugurated 14 new branches recently in Haryana.
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Axis Bank enables booking of lockers via mobile app
Mumbai, June 2 : Private sector bank Axis Bank on Tuesday announced an initiative of enabling its customers to book lockers online using their smartphones. Read Full Story

ICICI Bank introduces voice recognition for biometric authentication
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.
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