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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.

HDFC Bank to gain access to over 30,000 start-ups through AEP

Mumbai (Maharashtra) , Oct 10 (BusinessWire-India): HDFC Bank has announced the launch of its Accelerator Engagement Programme (AEP). In this first-of-its-kind programme, HDFC Bank will partner with leading start-up accelerators from across the world to gain early access to over 30,000 fintech ideas and innovative solutions.

'Bankruptcy code will help deepen corporate bond market'

New Delhi , Oct 07 : A recent study has noted that India's corporate bond market, which contributes 17 per cent to the country's Gross Domestic Product(GDP) and is highly concentrated in the AAA rated bonds, is expected to change once the Insolvency and Bankruptcy Code (IBC) brings about successful resolution of stressed assets in a time-bound manner.

RBI keeps policy rates intact; stance unchanged

Mumbai, Oct 5 : Belying market expectations of a rate hike, the Reserve Bank of India (RBI) on Friday held its key lending rates intact on the back of an uncertain global economic scenario.

Government welcomes RBI decision to keep rates intact

New Delhi, Oct 5 : The government on Friday welcomed the Reserve Bank of India (RBI) decision to keep its key benchmark lending rates unchanged, but disagreed with the monetary policy committee's (MPC) growth forecast.

RBI policy decision dents rupee; touches new low of over 74 to USD

Mumbai, Oct 5 : The Indian rupee plunged to a fresh record low of over 74 to a US dollar on Friday late afternoon, after the Reserve Bank of India (RBI) maintained its key benchmark lending rates.

RBI keeps repo rate, reverse repo rate unchanged

Mumbai (Maharashtra) , Oct 05 : The Reserve Bank of India (RBI) on Friday kept the repo rate and reverse repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent and 6.25 per cent, respectively.

Likely RBI intervention aid rupee's recovery; touches new low of 73.82

New Delhi, Oct 4 : A likely intervention by the country's central bank along with expectations of some short-term measures in the upcoming monetray policy to curb currency fluctuations aided the Indian rupee to recover on Thursday from its new record low of 73.82 to a US dollar.

Likely RBI intervention helps rupee recover from record low

New Delhi, Oct 5 : A likely intervention by the country's central bank along with expectations of some short-term measures in the upcoming monetary policy to curb currency fluctuations aided the Indian rupee to recover on Thursday from its new record low of 73.82 to a US dollar.

Chanda Kochhar quits ICICI, replaced by Sandeep Bakshi

Mumbai [Maharashtra], Oct 4 : ICICI Bank Chief Executive Officer Chanda Kochhar on Thursday resigned from her post. She was replaced by Sandeep Bakshi.

Banks' officers oppose proposed merger of three PSBs

Kolkata, Oct 4 : Protesting against the proposed merger of three public sector banks (PSBs) -- Vijaya Bank, Dena Bank and Bank of Baroda -- the bank officers' union on Thursday launched a series of agitation programme here and demanded "good banks" instead of "big banks".

Tech Mahindra, Israel Aerospace Industries to create elite cyber warriors

New Delhi, Oct 3 : Software major Tech Mahindra on Wednesday announced a strategic partnership with ELTA Systems Ltd., a subsidiary of Israel Aerospace Industries (IAI), to provide next generation cyber solutions and services to state and enterprise customers in India and globally.

RBI may hike repo rate by 25 bps on Friday

Mumbai, Oct 3 : The Reserve Bank of India is widely expected to increase its repurchase rate by 25 basis points (bps) when it unveils the monetary policy on Friday, as it seeks to curb the potential inflationary impact from rising crude oil prices and a weakening currency.

Bank Of Maharashtra closes 51 branches to cut costs

Pune (Maharashtra), Oct 3 : Public sector bank, Bank Of Maharashtra (BoM) has announced the closure of 51 branches across the country as part of cost-cutting measures being implemented in the banking industry, an official said on Wednesday.

Bank Of Maharashtra closes 51 branches to cut costs

Pune (Maharashtra), Oct 3 : The Bank Of Maharashtra (BoM) has closed 51 branches across the country as part of cost-cutting measures in the banking industry, an official said on Wednesday.

Bandhan Bank open for inorganic opportunities, to evaluate new businesses

Kolkata, Oct 1 : Bandhan Bank on Monday said the lender is "open to explore inorganic opportunities" and "will evaluate" getting into new businesses such as insurance and mutual fund going forward under its holding company, which will help to dilute shareholding of the Non Operative Financial Holding Company (NOFHC) into the bank.

Vijaya Bank approves merger with Bank of Baroda, Dena Bank

Bengaluru (Karnataka), Sep 29 : The Board of Vijaya Bank on Saturday approved the merger with Bank of Baroda and Dena Bank, as per a proposal made by the government earlier this month.

Bankers to strike work for two days in January 2019

Chennai, Sep 28 : Bank employees under the All India Bank Employees' Association (AIBEA) will go on a two-day strike early next year, said a top leader of the union on Friday.

RBI withdraws permission to open new branches of Bandhan Bank

Kolkata, Sep 28 : Private-lender Bandhan Bank on Friday said the Reserve Bank of India (RBI) has withdrawn its general permission to open new branches and frozen the remuneration of the lender's MD and CEO Chandra Shekhar Ghosh till further notice as it failed to comply with a licensing condition.

Get instant discounts on Flipkart with Bajaj Finserv RBL Bank SuperCard

Pune (Maharashtra) , Sep 27 : Bajaj Finance Ltd., the lending arm of Bajaj Finserv, is offering incredible discounts on transactions made on Flipkart through Bajaj Finserv RBL Bank SuperCard.

Yes Bank pitches for extension of Rana Kapoor's term

Mumbai (Maharashtra) , Sep 26 : As the shares of Yes Bank continue to decline, the Board of Directors have sought an extension of incumbent founder and CEO Rana Kapoor's term in office.

Jaitley underscores need for banks to crack down on frauds

New Delhi , Sep 25 : Union Finance Minister Arun Jaitley on Tuesday highlighted the impact of the formalisation of the Indian economy - through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and digital payments - on Public Sector Banks (PSBs), while also stressing on the need to clamp down on bad debts and fraudulent loans.