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SBI gets shareholders' nod to raise Rs 20,000 crore

Mumbai, Dec 8 : Lending major State Bank of India (SBI) on Friday said it has received shareholders' approval to raise up to Rs 20,000 crore.

India's central bank keeps key lending rate intact at 6.5pc

Mumbai, Dec 5 : In its penultimate monetary policy review of the current fiscal, the RBI on Wednesday kept its key lending rate for commercial banks unchanged at 6.5 per cent for the second time in succession.

Bankers to go on strike on Dec 26

Chennai, Dec 1 : The United Forum of Bank Union (UFBU) - a consortium of nine unions in the banking sector - will strike work on December 26 opposing the merger of Bank of Baroda, Dena Bank and Vijaya Bank, the All India Bank Employees Association (AIBEA) said on Saturday.

RBI to inject Rs 40,000 cr liquidity in December

Mumbai, Nov 27 : Yielding to the liquidity concerns raised by the government, the Reserve Bank of India (RBI) on Tuesday said it will "inject durable liquidity" of Rs 40,000 crore through open market operations (OMOs) in December.

Yes Bank into damage control mode, calls crucial meet on December 13

New Delhi , Nov 21 : Rattled by the resignation of three Board members, Yes Bank, India's fourth largest private sector lender has got into the damage control exercise. The Board meeting will now take place on December 13 to discuss among other things the appointment of chairman, chief executive and independent director.

No liquidity crisis in NBFC sector: SBI Chairman

New Delhi, Nov 15 : Amid the ongoing tussle between the government and the Reserve Bank of India (RBI) on liquidity issue, State Bank of India (SBI) Chairman Rajnish Kumar on Thursday said there was no liquidity crunch for the non-banking finance companies (NBFCs).

Yes Bank's non-executive Chairman Ashok Chawla resigns

New Delhi, Nov 14 : Yes Bank on Wednesday said that its non-executive independent part-time Chairman Ashok Chawla has resigned with immediate effect.

ICICI Bank hikes interest rates on fixed deposits of less than Rs 1 cr

Mumbai, Nov 14 : Private lender ICICI Bank on Wednesday raised interest rates on term deposits of less than Rs 1 crore by 10-25 basis points (bps), effective from November 15.

Allahabad Bank's Q2 net loss at Rs 1,823 crore on higher provisioning

Mumbai, Nov 13 : State-run Allahabad Bank on Tuesday posted a net loss of Rs 1,823 crore for the quarter ended September 30 due to increase in provisioning for non-performing assets and reduction in interest income.

Indian Bank says most of its Rs 1,800-crore loan to IL and FS is 'good'

Chennai, Nov 9 : Indian Bank, which has lent over Rs 1,800 crore to Infrastructure Leasing and Financial Services Ltd (IL and FS), on Friday said that most of its loans to the crisis-hit company were 'good'.

Indian Bank net down, hopes to recover Rs 850 crore from NCLT accounts

Chennai, Nov 9 : Indian Bank hopes to recover about Rs 850 crore over the next two quarters out of loan accounts referred to National Company Law Tribunal (NCLT), said a top bank official here on Friday.

SBI's Q2 standalone net profit slumps over 40pc on year

Mumbai, Nov 5 : State Bank of India on Monday reported an over 40 per cent year-on-year decline in its standalone net profit for the quarter ended September 30.

Axis Bank's Q2 standalone profit up 83pc

Mumbai, Nov 2 : Lending major Axis Bank on Friday reported a growth of 82.61 per cent in its year-on-year standalone net profit for the second quarter of 2018-19.

Canara Bank net up 15.4 per cent in Q2

Bengaluru, Oct 31 : State-run Canara Bank on Wednesday reported Rs 300-crore net profit, registering 15.4 per cent annual growth for second quarter of fiscal 2018-19 from Rs 260 crore in the same period a year ago.

Central bank's autonomy an accepted governance requirement: Finance Ministry

New Delhi , Oct 31 : Amid some media reports stating that Reserve Bank of India (RBI) governor Urjit Patel may consider resigning after an alleged rift with Union Finance Minister Arun Jaitley, the Finance Ministry on Wednesday clarified that the government holds extensive consultations with the RBI from time to time.

SBI reduces daily cash withdrawal limit

New Delhi , Oct 31 : The State Bank of India (SBI) has reduced the per day cash withdrawal limit for all Classic and Maestro Debit Cards holders from Rs 40,000 to Rs 20,000 with effect from Wednesday.

Vijaya Bank Q2 net profits falls 25pc on year

Bengaluru, Oct 29 : State-run Vijaya Bank on Monday reported a net prrofit of Rs 140 crore in the quarter ended September, about 25 per cent lower on year.

ICICI Bank's Q2 standalone net profit down 56 per cent

New Delhi, Oct 26 : Private lender ICICI Bank on Friday reported a 55.84 per cent year-on-year decline in its standalone net profit for the quarter ended in September.

Yes Bank Q2 net profit decline by 3.7pc

Mumbai, Oct 25 : Yes Bank on Thursday reported a decline of 3.73 per cent in its standalone net profit for the second quarter of financial year 2018-19.

Kotak Mahindra Bank Q2 net up 15pc on year at Rs 1,142 crore

Mumbai, Oct 24 : Kotak Mahindra Bank on Wednesday reported a 14.82 per cent on-year rise in its net profit for the quarter ended September at Rs 1,141.65 crore on the back of higher net interest income, and operating and other income.

Syndicate Bank receives Rs 728 cr capital infusion

Mumbai, Oct 22 : Public sector lender Syndicate Bank has received a capital infusion of Rs 728 crore from the Central government.

RBI approves Bakhshi's appointment as ICICI Bank MD and CEO

Mumbai, Oct 16 : Reserve Bank of India (RBI) has approved the appointment of Sandeep Bakhshi as Managing Director and CEO of ICICI Bank.

IndusInd Bank Q2 net profit up 5pc

Mumbai, Oct 16 : The IndusInd Bank on Monday reported a 5 per cent increase in net profit for the second quarter (Q2) of 2018-19.

Satin Creditcare partners with IndusInd Bank

New Delhi , Oct 15 : Satin Creditcare Network Limited, the second largest microfinance company in India, has entered into a strategic Business Correspondent (BC) partnership with IndusInd Bank.

Did not issue 5-day strike call in Nov: AIBEA

Chennai, Oct 15 : The All India Bank Employees' Association (AIBEA) has denied issuing any circular calling for five days of bank strike in November-end demanding wage hike, said a top official on Monday.

Bandhan Bank receives exemption from Sebi

Kolkata, Oct 12 : Bandhan Bank on Friday said it has received an exemption from the Securities and Exchange Board of India (Sebi) with respect to lock-in of one year on the equity shares held by the promoter and eligibility condition of one year from listing in order to comply with licensing condition.

Saxo Bank to accelerate growth with opening of new office in Gurugram

New Delhi , Oct 12 : Saxo Bank Group, the leading fintech specialist provider of multi-asset trading and investing, is expanding its India presence and relocating more than 500 employees to a new and bigger office in Gurugram. The move reflects the Bank's major investments in technology with the Gurugram office as a hub for fintech innovations.

Cyber fraud: State Bank of Mauritius recovers 90pc money

Mumbai, Oct 12 : The State Bank of Mauritius (India) on Friday said it has recovered around 90 per cent of the approximately Rs 190 crore that was lost in a major cyberattack on October 2.

State Bank of Mauritius loses Rs 143 cr in cyber fraud

Mumbai, Oct 12 : The State Bank of Mauritius' (SBM) Mumbai branch has been cheated of nearly Rs 143 crore after unknown fraudsters hacked into its accounts here, an official said on Friday.

Bandhan Bank Q2 net profit up 47.4pc

Kolkata/Mumbai, Oct 10 : Bandhan Bank on Wednesday reported a 47.4 per cent increase in its net profit to Rs 488 crore for the quarter ended September 30, 2018 as compared to Rs 331 crore in the corresponding quarter of the previous year.