HDFC Bank's Q2FY21 net profit rises over 18%
Lending major HDFC Bank on Saturday reported a 18.4 per cent increase in standalone net profit for the quarter ended September 30 of FY21 on year-on-year (YoY) basis.
...
ICICI Bank services down early on Friday, resolved later
Customers of ICICI Bank faced issues in online transactions on Friday due to a technical glitch.
...
Lakshmi Vilas Bank board approves Rs 500 cr rights issue
The Board of Directors of Lakshmi Vilas Bank (LVB) on Thursday approved raising of funds up to Rs 500 crore through issue of equity shares or such other securities by way of right...
RBI's accommodative policy, US stimulus hopes to strengthen rupee (Rupee Forecast)
The Reserve Bank's accommodative policy along with a likely US stimulus package are expected to strengthen the Indian rupee in the short-run....
LVB receives indicative non-binding offer from Clix Group
Beleaguered small private bank Lakshmi Vilas Bank (LVB) on Thursday said it has received an indicative non-binding offer from Clix Group.
...
Dinesh Kumar Khara takes charge as SBI Chairman
Dinesh Kumar Khara on Wednesday took charge as the new Chairman of the State Bank of India (SBI) for a period of three years.
...
Dinesh Kumar Khara appointed as SBI chairman for 3 years
Government on Tuesday appointed Managing Director, State Bank of India (SBI), Dinesh Kumar Khara as chairman of the bank for three years effective from October 7....
Dinesh Khara appointed new SBI Chairman
The Centre on Tuesday appointed Dinesh Kumar Khara as the new Chairman of State Bank of India (SBI).
...
'Swift economic recovery may limit banking sector's loan losses'
Swift economic recovery will be critical to limiting loan losses faced by Indian banks in a likely protracted period of weakness in the asset-quality cycle, Fitch Rating said on T...
IndusInd Bank posts 10 pc rise in Q2 deposits at Rs 2.28 lakh cr
Private sector lender IndusInd Bank has reported 10 per cent year-on-year rise in its deposits at Rs 2.28 lakh crore during the quarter ended September....
Banks have to mandatorily issue AT-1 bonds on electronic platform
The Securities and Exchange Board of India (SEBI) has made it mandatory for banks to issue Additional Tier-1 bonds on the 'Electronic Book Provider' platform irrespective of issue...
HDFC reports business returning to pre-COVID-19 levels
Non-banking finance company Housing Development Finance Corporation (HDFC) has reported loan disbursements during the September quarter at 95 per cent of the level in correspondin...
Address policy constraints and glitches to boost growth: Exim Bank
An immediate refund of Goods and Services Tax (GST) can increase the overall GDP by 2 per cent, exports by 7 per cent, aggregate imports by 6 per cent and overall employment by ne...
HDFC Bank's Ravi Santhanam in Forbes list of World's Most Influential CMOs
Ravi Santhanam, Chief Marketing Officer (CMO), HDFC Bank has been recognized in the Forbes list of 'The World's Most Influential CMOs'....
HDFC Bank's Santhanam among Forbes' 'World's Most Influential CMOs'
Ravi Santhanam, the Chief Marketing Officer (CMO) of HDFC Bank, has made it to the Forbes' list of 'World's Most Influential CMOs'.
...
Banks need effective steps to curb stress as IBC suspension gets extended
In a bid to provide relief to stressed businesses amid the pandemic, the suspension on fresh insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) has been extende...
Dhanlaxmi Bank MD Sunil Gurbaxani voted out by shareholders
The shareholders of Kerala-based small private sector Dhanlaxmi Bank on Wednesday voted out Managing Director and CEO Sunil Gurbaxani at the annual general meeting (AGM).
...
RBI approves 3-member committee of directors to manage Lakshmi Vilas Bank
The Reserve Bank of India (RBI) has approved a three-member committee of directors to run the day-to-day functioning of cash-strapped Lakshmi Vilas Bank....
Despite stay on BOB, Indian Bank classifies loan exposure to Reliance Home Finance as fraud
Despite a stay by Delhi High Court on Bank of Baroda as the lead bank, Indian Bank has classified its loan exposure to Reliance Home Finance as fraud.
...
RBI asks urban co-op banks to adopt robust cyber security infrastructure
The Reserve Bank of India (RBI) on Thursday asked urban cooperative banks (UCBs) to bring their cyber security systems at par with other banks to combat online threats....
HDFC Bank to file response to US lawsuit by early next year
HDFC Bank has denied the allegations in a class action suit in the US and said it intends to defend itself vigorously in the lawsuit.
...
Bank of India to raise Rs 8,000 cr, gets shareholders' nod
Bank of India has received its shareholders approval to raise up to Rs 8,000 crore through several modes including equity shares.
...
Bank of Baroda launches initiatives to improve tractor financing
The Bank of Baroda on Friday announced three new initiatives towards improving credit penetration in farm mechanisation.
...
Rosen Law Firm files class action suit against HDFC Bank
US-based Rosen Law Firm has filed a class action lawsuit against HDFC Bank, seeking to recover damages for the bank's investors under the US securities laws.
...
SBI General Insurance signs Corporate Agency Agreement with YES BANK
SBI General, one of India's leading General Insurance Companies and, YES BANK, a leading private sector bank, signed a Corporate Agency Agreement for the distribution of retail pr...
ICICI Bank gets exemption for over 30 pc shareholding in two insurance arms
Private sector lender ICICI Bank has been exempted from provisions of the Banking Regulation Act relating to shareholding above 30 per cent in its two insurance subsidiaries....
Union Bank of India to reduce MCLR by up to 5 bps across tenors
The Union Bank of India will reduce the marginal cost of funds-based lending rate (MCLR) by up to 5 basis points across tenors.
...
Expanding operations, require more workforce, says SBI
The State Bank of India (SBI) on Monday said it plans to recruit more than 14,000 employees this year.
...
SBI says plans to recruit 14,000 employees this year, proposed VRS a congenial solution
State Bank of India (SBI) on Monday said it has plans to recruit more than 14,000 employees this year and noted that media reports about 'On Tap VRS' scheme have been interpreted ...
ICICI Bank sells 2% stake in ICICI Securities to meet norms
ICICI Bank has sold 2 per cent stake in ICICI Securities for around Rs 310 crore through open market sale in a step towards meeting the minimum public shareholding norms.
...
ICICI Bank to sell up to 2 pc stake in ICICI Securities
Private sector lender ICICI Bank will offload up to two per cent stake in its broking and investment banking unit ICICI Securities....
HDFC Bank to boost digital customer experiences with Adobe
In a bid to enhance digital experiences for its customers, HDFC Bank on Thursday announced a partnership with Adobe.
...
Axis Bank proposes to acquire 17% equity share capital of Max Life
Axis Bank has proposed to acquire 17 per cent equity share capital in Max Life Insurance.
...
Kotak Mahindra bank launches cardless cash withdrawal from ATMs
In yet another innovation during Covid-19 times, Kotak Mahindra Bank (Kotak) on Monday launched the Cardless Cash Withdrawal Facility through ATMs.
...
Union Bank's Q1FY21 net profit at Rs 333 cr
State-run lender Union Bank on Friday reported a net profit of Rs 333 crore for the first quarter of 2020-21.
...
Yes Bank to sell mutual fund arm to GPL Finance
Yes Bank has signed a definitive agreement with GPL Finance and Investments Ltd to sell 100 per cent stake in Yes Asset Management Ltd (YESAMC) and Yes Trustee Limited (YTL), bot...
Yes Bank sells asset management, mutual fund businesses to Khemka's White Oak
Troubled lender Yes Bank on Friday executed a definitive agreement for the sale of 100 per cent equity shareholding of Yes Asset Management and Yes Trustee to GPL Finance and Inve...
ICICI Bank raises stake in India International Exchange to 9.9 pc
Private sector lender ICICI Bank on Friday announced the acquisition of a further stake in India International Exchange (India INX) located at GIFT City in Gandhinagar....
IOB posts Q1 net profit of Rs 121 crore
Government-owned Indian Overseas Bank (IOB) on Thursday posted a net profit of Rs 121 crore in April to June quarter as against a net loss of Rs 342 crore for the corresponding pe...
ICICI Bank's QIP credit positive: Moody's
Lending major ICICI Bank's allotment of shares via qualified institutional placement (QIP) to raise Rs 15,000 crore in equity capital is credit positive, Moody's Investors Service...
People's Bank of China picks up 0.006 pc stake in ICICI Bank through QIP
The People's Bank of China has picked up 0.006 per cent stake in ICICI Bank by investing Rs 15 crore in the private sector lender's Rs 15,000 crore qualified institutional placeme...
Yes Bank closely monitoring stress on credit portfolio due to legacy issues
Yes Bank Chairman Sunil Mehta has said that the bank is closely monitoring the stress on its credit portfolio due to legacy issues along with the current macro-economic conditions...
ICICI Bank raises Rs 15k cr through QIP of equity shares
Lending major ICICI Bank has raised nearly Rs 15,000 crore through the allotment of equity shares under its Qualified Institutions Placement (QIP).
...
ICICI Bank closes QIP, fixes price as Rs 358
The issuance committee of board of directors at ICICI Bank on Saturday approved allotment of 41.89 crore equity shares of face value Rs 2 each to eligible qualified institutional ...
ICICI Bank raises Rs 15,000 crore through QIP of equity shares
ICICI Bank said on Saturday it has completed the allotment of equity shares under its qualified institutions placement and raised about Rs 15,000 crore through the issuance of 41....
India Bank News
Tweet
Share
Link
Share
Class
Send
Send
Tuesday, 20 October 2020 17:55 IST
Read Top India Bank News Headlines and Daily Updates in English
You May Also Like This!
People with Parkinson's disease at higher death risk from Covid-19: Study
Face masks unlikely to cause over-exposure to CO2: Study
Yoga and meditation reduce chronic pain: Study
This is how Google automatically predicts what you like to Search
Google allows up to 100 breakout rooms in Meet for focused chats
Get glowing skin this festive season
- TOP NEWS CHANNELS
- BUSINESS CHANNELS
- ENTERTAINMENT NEWS
- INDIA REGIONAL NEWS