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New Delhi, April 25 : Lender Punjab National Bank (PNB) is set to hire detective agencies to supplement the efforts of its field officials in recovering its dues that have become in NPAs (non-performing assets).Mumbai, April 25 : Calling on the government to release payroll data on a monthly basis, state-run State Bank of India said on Wednesday said that this would allow for truer estimates of employment in the country for the benefit of policymakers.
Mumbai, April 24 : Lending major IDFC Bank on Tuesday reported a decline of 76 per cent in its standalone net profit for the fourth quarter of 2017-18.
New Delhi , Apr. 21 : Reserve Bank of India (RBI) has made Aadhaar mandatory for bank accounts till the Supreme Court passes its order on the 12-digit unique identification number.
Chennai (Tamil Nadu) , Apr. 21 : Indian Overseas Bank (IOB), one of the leading public sector banks, on Friday entered into an agreement for information utility services with the National E-Governance Services Limited (NeSL).
Chennai, April 21 : Private HDFC Bank on Saturday said it closed last fiscal with a net profit of Rs 17,486.75 crore.
New Delhi , Apr. 20 : The State Bank of India (SBI) on Thursday said that the current and sudden surge in Currency in Circulation (CIC) could be superficial.
Mumbai, April 20 : Lending major Axis Bank on Friday said it has commenced the "succession process to appoint a new Managing Director and CEO".
Mumbai, April 19 : Lending major IndusInd Bank on Thursday reported a 27 per cent increase in net profit for the fourth quarter (Q4) of 2017-18.
New Delhi, April 19 : Lending major State Bank of India on Thursday said that it will not charge any fees from customers who avail the facility of withdrawing cash through its PoS (Point of Sale) machines installed across various merchant locations.
New Delhi , Apr. 18 : In the wake of a reported cash crunch in the country, the State Bank of India (SBI) on Wednesday rubbished reports saying they defy logic.
New Delhi, April 18 : State-run Punjab National Bank (PNB) on Wednesday said there is no "cash shortage in its ATMs across the country.
New Delhi, April 18 : At a time when the banking sector in the going through a topsy-turvy phase, the TRA Brand Trust Report 2018 on Wednesday said the State Bank of India was the most trusted bank (both public and private sector) in the country and ICICI Bank topped the chart among the private ones.
Mumbai, April 18 : Describing recent reports of cash shortage in the country as "logic defying", state-run State Bank of India (SBI) on Wednesday said the possible reasons could be the declining income velocity of currency with the public in 2017-18 coupled with increased ATM withdrawals during the second half of last fiscal.
Mumbai (Maharashtra) , Apr. 17 : Rajnish Kumar, Chairman, State Bank of India (SBI) on Tuesday assured the people of the country that the situation of cash crunch is 'temporary' and that normalcy will be restored within a week.
Mumbai (Maharashtra) Apr. 17 : India's largest private sector bank by consolidated assets, ICICI Bank on Tuesday announced that it has successfully on-boarded over 250 corporates on its blockchain platform for domestic and international trade finance, which is the most by any bank in India.
Mumbai, April 17 : Lending major ICICI Bank on Tuesday said it has successfully on-boarded over 250 corporates on its blockchain platform for domestic and international trade finance transactions.
Mumbai/Kolkata, April 16 : Shares of public sector lender UCO Bank on Monday plunged to almost a 12-year low on the stock exchanges following the ongoing probe into an alleged multi-crore loan fraud case.
Mumbai, April 12 : State-run IDBI Bank on Thursday said a Rs 3 crore penalty imposed on it by the Reserve Bank of India (RBI) "will not have any material impact" on it.
Mumbai, April 10 : Global ICT solutions and services provider Dimension Data on Tuesday announced that it has enabled the State Bank of India (SBI) with its Next-Gen solution at 60 "digital" branches in the country.
New Delhi , Apr. 09 : Axis Bank's CEO Shikha Sharma will exit the bank on December 31, 2018, after the bank reduced her term to six months from three years at her request.
Mumbai, April 9 : Lending major Axis Bank on Monday said its board has accepted the request of the company's Managing Director and CEO Shikha Sharma to be re-appointed for a shorter duration of time, subject to regulatory approval.
New Delhi, April 9 : Lending major HDFC on Monday said that it has increased its 'Retail Prime Lending Rate' (RPLR) by 20 basis points effective since April 1, 2018.
Kathmandu [Nepal], Apr 9 : The State Bank of India (SBI) will be investing a total of Rs 80 billion in the Arun III hydropower project of Nepal, which has 900 megawatts (MW) electricity production capacities.
Mumbai, April 7 : Lending major ICICI Bank has said that the government has changed its nominee on the bank's board.
Chennai (Tamil Nadu) , Apr. 07 : Leading public sector bank, Indian Overseas Bank (IOB) as part of their 'Customer First' initiative launched Internet of Things (IoT)-based customer feedback application on a pilot basis at its Cathedral branch here.
Chennai, April 6 : In a move to aid micro, small and medium enterprises (MSMEs), state-run Indian Overseas Bank (IOB) announced on Friday that it has reduced interest rates in the range of 15-90 basis points (bps) across different categories of MSME borrowers.
New Delhi, April 6 : The time is not right for privatisation of public sector banks (PSBs), though some of them could be divested by the government after making them financially attractive, according to a top banker.
Kolkata, April 4 : The UCO Bank on Wednesday said that it is taking steps to recover the amount in a Rs 19 crore fraud detected by it at one of its branches in Bengaluru through Sarfesi Act and has made provisions against the accounts concerned.
New Delhi , Apr. 4 : Leading private lender ICICI Bank announced the launch of a service that enables Non Resident Indians (NRIs) to send money to a beneficiary in India using social media platforms like WhatsApp and e-mail.
New Delhi, April 4 : State-run banks have written off nearly Rs 2.42 lakh crore worth of non-performing assets (NPAs), or bad loans, between April 2014 and September 2017, Parliament was told on Wednesday.
Mumbai (Maharashtra) , Apr. 3 : Private lender IndusInd Bank on Tuesday announced a pilot program with WhatsApp enterprise solution in India to communicate with its customers.
Mumbai, April 3 : Lending major Yes Bank on Tuesday appointed key managerial personnel including Raj Ahuja as Chief Financial Officer and Group CFO.
New Delhi, April 3 : State-run lender Punjab National Bank (PNB) has said its customers' "money is safe with us".
Mumbai (Maharashtra) , Apr. 2 : In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016. (IBC)
Mumbai, March 31 : State-run lender Canara Bank on Saturday said it has called off the divestment process of its entire stake in the housing finance company Can Fin Homes.
Mumbai (Maharashtra) , Mar. 30 : In the wake of the ongoing controversy around the Rs 3,250 crore loan sanctioned to Videocon Group by the ICICI Bank, its Chairman M.K. Sharma claimed that attempts were being made to malign the reputation of the bank, its Managing Director (MD) and Chief Executive Officer (CEO).
Mumbai, March 29 : Reiterating its stand on the Videocon issue, ICICI Bank Chairman MK Sharma on Thursday said reports alleging nepotism by the lender's MD and CEO Chanda Kochhar were unfounded and malicious in nature.
New Delhi, March 29 : State-run lender IDBI Bank on Thursday said that it has made 100 per cent provision for old Pisciculture loans given during 2009-13.
Bengaluru, March 29 : Commencing its operations on Thursday, Jana Small Finance Bank said it would open 200 outlets in the country by June.
New Delhi, March 28 : The State Bank of India on Wednesday raised interest rates on fixed deposits across various tenures by 10-25 basis points.
Mumbai, March 28 : Amid controversy on ICICI Bank's exposure to Videocon group, the private lender on Wednesday said its board reposed full "confidence" and "faith" on its MD and CEO Chanda Kochhar and after reviewing the bank's internal credit approval processes, concluded that there is no question of any favouritism, nepotism or quid-pro-quo.
Mumbai (Maharashtra) , Mar. 27 : Following the outrage over iron spikes installed on the pavement of an HDFC Bank branch in Mumbai, the bank on Tuesday assured that they would be removed immediately.
Chennai, March 26 : Banks will not remain closed for five consecutive days starting from Thursday, a union leader said on Monday.
Kolkata, March 21 : State-run Allahabad Bank on Wednesday said the Ministry of Corporate Affairs has allowed the amalgamation of its wholly own subsidiary - All Bank Finance Ltd (ABFL)-with the lender.
Kolkata, March 19 : The initial public offer (IPO) of Bandhan Bank has been oversubscribed 14.63 times on the closing day of bidding on Monday.
New Delhi, March 19 : The National Company Law Tribunal (NCLT) adjudicating on insolvency cases requires superior infrastructure that allows NCLT benches to be set up in proportion to the state-wise number of companies active in the region, state-run State Bank of India said on Monday.
New Delhi, March 19 : The State Bank of India (SBI) on Monday signed a memorandum of understanding (MoU) with the India Mortgage Guarantee Corporation (IMGC) to offer mortgage guarantee scheme for prospective non-salaried home loan seekers.
New Delhi, March 16 : State-run Punjab National Bank (PNB) on Friday said that it will honour "all bonafide Letters of Undertaking (LoUs)".
New Delhi, March 16 : The RBI's decision to discontinue the Letters of Undertaking (LoUs) or Letters of Comfort (LoC) might increase the credit cost for imports as it will lead to a shift towards "other off-balance sheet" products, said a State Bank of India (SBI) report on Friday.
Kolkata, March 15 : Private lender Bandhan Bank's Rs 4,473 crore initial public offer was subscribed 42 per cent on the opening day of the bidding on Thursday.
New Delhi , Mar 15 : In a widely publicised report in certain news dailies about the State Bank of India (SBI) reducing minimum balance charges, it was also reported that after introduction of the requirement of average monthly balance (AMB), SBI closed 41.16 lac accounts. The bank on Thursday clarified that these accounts have not been closed Suo-motu.
New Delhi , Mar 15 : The State Bank of India (SBI) officials on Thursday reiterated the fact that except for the one-off incident involving Punjab National Bank (PNB), no unauthorised Letters of Undertakings (LoUs) have been issued by public sector banks (PSBs).
New Delhi, March 15 : The country's largest public sector bank State Bank of India (SBI) on Thursday clarified that the number of accounts closed in the bank is higher this year due to the merger and it has nothing to do with maintenance of minimum balance.
Kolkata, March 14 : State-run Allahabad Bank on Wednesday said it has sanctioned Rs 1,003 crore in loans to 8,289 beneficiaries for micro, small and medium enterprises (MSME) through a special drive.
New Delhi , Mar. 13 : The State Bank of India (SBI) announced a substantial reduction of charges for non-maintenance of Average Monthly Balance (AMB) in savings accounts, effective April 1.
New Delhi, March 13 : HDFC Bank has disallowed its customers from buying Bitcoins, cryptocurrencies and virtual currencies through the bank's credit, debit and prepaid cards.
New Delhi, March 13 : Country's largest lender State Bank of India (SBI) has substantially reduced charges for non-maintenance of average monthly balance (AMB) in savings accounts, which would benefit 25 crore banks' customers, an official statement said here on Tuesday.
Kolkata, March 9 : Bandhan Bank, which is set to launch its mega Initial Public Offering (IPO) next week, is hopeful of bringing down gross non-performing asset (NPA) ratio to below one per cent by the next fiscal, a top official said here on Friday.
Kolkata, March 8 : Bandhan Bank Ltd is set to raise up to Rs 4,473 crore through the launch of initial public offering (IPO) of over 11.92 crore shares on March 15 as the lender fixed the upper band of price at Rs 375 per equity share, according to a public notice released on Thursday.
New Delhi , Mar. 08 : The Reserve Bank of India (RBI) on March 1, imposed a monetary penalty of Rs. 40 lakh on State Bank of India (SBI) for non-compliance of its directions on detection and impounding of counterfeit notes.
Chennai, March 7 : The All India IDBI Officers' Association (AIIDBIOA) on Wednesday declared that employees of the bank will go on a week-long strike starting March 26 if their wage settlement is not resolved in the meeting with the management on Thursday.
New Delhi, March 6 : State-run banks have written off loans worth Rs 81,683 crore during fiscal 2016-17, Parliament was informed on Tuesday.
Mumbai, March 5 : The Reserve Bank of India (RBI) has imposed a penalty of Rs 3 crore on private sector Axis Bank for violation of non-performing asset (NPA) classification norms, and Rs 2 crore on state-run Indian Overseas Bank (IOB) for not complying with the Know Your Customer (KYC) regulations, the banking regulator said on Monday.
Mumbai (Maharashtra) , Mar. 5 : The Reserve Bank of India (RBI) imposed a monetary penalty worth Rs. 30 million on Axis Bank Limited (the bank) for non-compliance with the directions issued on Income Recognition and Asset Classification (IRAC) norms.
Mumbai (Maharashtra) , Mar. 5 : The Reserve Bank of India (RBI) imposed a monetary penalty of Rs.20 million on Indian Overseas Bank for non-compliance with the directions issued by the former regarding Know Your Customer (KYC) norms.
New Delhi, March 2 : State-run Canara Bank on Friday said it has got the shareholders' approval for raising up to Rs 4,865 crore by allotting additional equity shares of around Rs 13.59 crore to the government on preferential basis.
Bengaluru, March 1 : State-run Canara Bank on Thursday clarified that it gave only Rs 40 crore loan to the Kolkata-based RP Infosystems and its directors.
New Delhi, March 1 : As part of the clean and responsible banking initiative, state-run banks have started rationalising their overseas operations by consolidating 35 operations and closing down non-viable branches, the government announced on Thursday.
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