Stock price of the fourth largest private lender Yes Bank on Tuesday fell as much as 5 per cent ahead of the crucial board meet to take call on the investment offers that the bank...
As HDFC Bank customers stormed Twitter with complaints that its online banking site and the app were not operational or working properly, the bank on Tuesday said it regretted the...
Private lender HDFC Bank has appointed industry veterans Sashidhar Jagdishan and Bhavesh Zaverias on the board besides forming a panel to search for a successor to Managing Direct...
The Punjab and Maharashtra Cooperative (PMC) Bank had disclosed an exposure of only Rs 439.6 crore to the HDIL Group out of Rs 6,226 crore, underlying the loan was camouflaged, Pa...
Bank of Baroda (BoB) has denied allegations by British Labour Party politician Peter Hain that the bank facilitated corruption in South Africa under the rule of former President J...
India could have more foreign banks soon as in the case of other Asian countries like China, Singapore and Hong Kong with 15 overseas banks have been in touch with the Central Ban...
Amid protests by over 200 depositors of Punjab and Maharashtra Cooperative Bank Ltd, the Reserve Bank of India on Tuesday filed its affidavit in the matter before the Bombay Hi...
A week after Yes Bank reported loss of Rs 600 crore in the second quarter of the current fiscal year (Q2 FY20), Moody's Investors Service has placed the private sector lender's fo...
In an era when attention spans are getting shorter and everyone battles to launch the perfect social media strategy, Yes Bank recently leveraged an AI based MarTech tool to stream...
Government-owned Canara Bank said on Wednesday its net profit during the July to September quarter jumped by 22 per cent year-on-year to Rs 365 crore....
State-run Canara Bank on Wednesday reported Rs 365 crore standalone net profit for the second quarter (Q2) of the current fiscal (2019-20), registering 22 per cent year-on-year (Y...
IDBI Bank has declared Vijay Mallya a wilful defaulter and issued a public notice on Wednesday with his old passport size photograph for default on payments worth Rs 1,566 crore i...
Following a review of the crisis-ridden Punjab and Maharashtra Cooperative Bank's (PMC's) liquidity position, the Reserve Bank of India (RBI) on Tuesday raised the withdrawal limi...
Within days of market regulator asking the listed PSU banks to report divergence in NPAs as estimated by them and RBI immediately to the bourses, three banks -- Indian Bank, Union...
Lakshmi Vilas Bank's (LVB) non-executive and non-independent director Anuradha Pradeep, has resigned from her position, after independent director Supriya Prakash Sen quit the boa...
State-run Bank of India posted Q2 profit of over Rs 266 crore against a loss of Rs 1,156 crore in the year-ago period while its asset quality partly improved.
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Government-owned Syndicate Bank on Thursday reported a net profit of Rs 251 crore for the second fiscal quarter (July to September) against a net loss of Rs 1,543 crore in the sam...
Shares of Yes Bank rocketed 24 per cent on Thursday as the lender received a binding offer from a global investor for an investment of $1.2 billion.
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As much as 14 per cent of Indian banks payments revenue, or USD 9 billion, is likely to be displaced by the growth of digital payments and competition from non-banks, an Accenture...
The Reserve Bank of India (RBI) on Tuesday imposed Rs 1 crore penalty on Bandhan Bank for non-compliance with promoter holding norms, contained in the licencing guidelines.
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Private sector lending major ICICI Bank on Saturday reported a 27.94 per cent decline in its standalone net profit for the second quarter of 2019-20, due to higher tax expenses.
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ICICI Bank has reported a 27.94 per cent decline in standalone net profit for the second quarter of 2019-20. The bank's net profit in Q2 declined to Rs 655 crore from Rs 909 crore...
India's largest private sector lender ICICI Bank said on Saturday its profit after tax dropped by 28 per cent to Rs 655 crore in the second quarter of current fiscal (Q2 FY20) due...
Indian Bank reported a net profit of Rs 359 crore for the quarter ended September 2019 on increasing income and improving asset quality by controlling loan slippage and other fact...
The Indian Bank will decide whether to continue with the general insurance business of the Allahabad Bank - which has been merged with it - after due diligence, its Managing Direc...
Private lender Axis Bank on Tuesday reported a net loss of Rs 112 crore on a for the second quarter of current fiscal due to a one-time tax impact compared to a net profit of Rs 7...
Kotak Mahindra Bank said on Tuesday its profit after tax totalled Rs 1,724 crore during the second quarter of the current financial year, up 51 per cent from Rs 1,142 crore in Q2 ...
Nobel laureate Prof Abhijit Banerjee on Tuesday termed the banking crisis in India as frightening and stressed the need for reducing the government's equity share in public sector...
Nearly 3,00,000 bankers in public and private sector banks refused work on Tuesday across the nation protesting merger of 10 government banks into four, affecting normal banking o...
Banking operations across the country will be affected on Tuesday as about 3.5 lakh bank employees will be on strike to protest mergers of government banks, said a top leader of A...
Public sector banking operations are likely to be hit on Tuesday due to a day-long strike called by the All India Bank Employees' Association and the Bank Employees Federation of ...
All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) have called for a strike across the country on October 22 to stage a protest against the...
The State Bank of India's (SBI) earnings are set to revive amid uncertain macros on the back of steady operating performance at pre-provisioning operating level, recoveries from l...
Oriental Bank of Commerce on Saturday said its operation may get affected due to the strike called by the All India Bank Employees Association (AIBEA) and Bank Employees Federatio...
Banking services could be affected next week as two bank unions have warned they will go on a 24-hour long strike on October 22 to protest against the recent bank mergers, falling...
Digital transformation in the banking industry has a long way to go as a new report has revealed that even today only 17 per cent of banks have succeeded in digitally transforming...
The India arm of Netherlands-based Home Credit Group has tied up with Karur Vysya Bank (KVB) for joint lending to tap the large unbanked customer base across the country....
Private sector lender Federal Bank on Wednesday reported a healthy 56.7 per cent year-on-year growth in the second quarter profit due to other income and lower tax cost....
Bank of Baroda said in a regulatory filing on Wednesday that bank operations may get badly affected owing to the proposed strike by trade union organisations on October 22.
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The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank for non-compliance with certain provisions of directions on Income Recognition a...
The All India Bank Employees' Association (AIBEA) has written to Finance Minister Nirmala Sitharaman stating that the Central government does not want its representatives on the b...
IDBI Bank has declared Vijay Mallya a wilful defaulter and issued a public notice on Wednesday with his old passport size photograph for default on payments worth Rs 1,566 crore i...
State Bank of India will auction NPAs worth Rs 700 crore this month to recover its dues from those borrowers.
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Shares of Yes Bank rocketed 24 per cent on Thursday as the lender received a binding offer from a global investor for an investment of $1.2 billion.
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The State Bank of India's (SBI) earnings are set to revive amid uncertain macros on the back of steady operating performance at pre-provisioning operating level, recoveries from l...