With this, IFCI has transfered 73.28 lakh shares of ACRE, an asset reconstruction company engaged in the acquisition of assets (NPAs) from Banks/FIs and their resolution, to Axis Bank.
09 Dec 2016, 9.34 pm | Source: PTI
In a regulatory filing, it said the bank proposes "fund raising in single or multiple tranches in any currency through public or private placement by way of issuances of debt instruments for remaining period of 2016-17".
07 Dec 2016, 8.26 am | Source: PTI
The bank has suspended 19 officials including 6 of Kashmere Gate branch of Delhi itself, Axis Bank executive director Rajesh Dahiya said.
06 Dec 2016, 8.42 pm | Source: PTI
Yes Bank and Ola yesterday launched a mobile ATM service where customers of any bank can withdraw up to Rs 2,000 per card from PoS terminals from Ola cabs located near Yes Bank branch/ATM across 30 locations in 10 cities of the co...
06 Dec 2016, 1.28 pm | Source: PTI
The service, SIMsePAY, allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smartphones or the Internet.
05 Dec 2016, 8.00 pm | Source: PTI
Essar Power Ltd has approached ICICI Bank-led consortium for a strategic restructuring of Rs. 6,564-crore debt of the 1,200 MW Mahan power project set up by a subsidiary.
05 Dec 2016, 7.45 pm | Source: Moneycontrol.com
"Our focus is on multiple digital assets. In our bank, the digital banking adoption rate is 35 per cent, which is pretty high among the industry," chief digital officer of Kotak Mahindra Bank Deepak Sharma said.
02 Dec 2016, 6.12 pm | Source: PTI
Private sector IndusInd Bank will raise Rs 1,500 crore by issuing bonds on private placement basis.
01 Dec 2016, 10.12 pm | Source: PTI
RBL Bank did face minor challenges in some rural pockets due to lack of currency post demonetisation says Head of Strategy Rajeev Ahuja. However, he is quick to add that the impact of demonetisation has not been as severe as it ha...
01 Dec 2016, 10.58 am | Source: CNBC-TV18
Named as SIMsePAY, the technology is based on wafer-thin sticker attached to any SIM card of a telecom provider that sources information from a co-branded prepaid wallet linked to it.
01 Dec 2016, 8.54 am | Source: PTI
RBL Bank said it had applied for approval of Reserve Bank of India for opening of international financial services centre banking unit at Gujarat International Finance Tech-City (GIFT).
30 Nov 2016, 9.28 pm | Source: PTI
Sipadan Investments (Mauritius) Ltd and Integrated Core Strategies Asia today offloaded a total of over 10 crore shares of IDFC Bank for an estimated Rs 690 crore through open market transactions.
30 Nov 2016, 9.00 pm | Source: PTI
"Customers can withdraw cash up to Rs 2,000 at these stores by swiping their debit cards using the PoS machines deployed at these stores," the bank said in a statement.
30 Nov 2016, 9.00 pm | Source: PTI
Private sector RBL Bank today said it has launched 'Aadhaar Payment Bridge System' (APBS) for small ticket micro-finance loan disbursements.
30 Nov 2016, 7.34 pm | Source: PTI
Nadella has been ranked fifth among 50 global corporate heads by Fortune Magazine in its annual 'Businessperson of the Year' compilation, followed by CEO of Milwaukee-based maker of water heaters A O Smith Ajita Rajendra on the 34...
30 Nov 2016, 12.48 pm | Source: PTI
In an interview to the Business Standard, HDFC Bank Managing Director Aditya Puri said that demonetisation shouldn't be looked at as a single, standalone event, but should be put in the context of overall measures that will drive ...
30 Nov 2016, 8.39 am | Source: Moneycontrol.com
A unit of Malaysian sovereign wealth fund Khazanah Nasional is selling around USD80 million worth of shares in Indian private lender IDFC Bank, according to a term sheet seen by Reuters on Tuesday.
29 Nov 2016, 6.45 pm | Source: Reuters
"ICICI Bank will transform 100 villages into 'ICICI Digital Villages' in as many days. The announcement is a part of the bank's continuing effort to provide digital ecosystem across the country, including rural India, in the wake ...
28 Nov 2016, 5.10 pm | Source: PTI
Seen inflow of Rs 2,000 crore due to demonetisation, says Parthasarathi Mukherjee, MD & CEO of Lakshmi Vilas Bank.
28 Nov 2016, 4.12 pm | Source: CNBC-TV18
Going forward there will be good availability of liquidity and digitisation of the banking sector will lead to behavioral and client changes, says Shyam Srinivasan, MD and CEO of Federal Bank.
28 Nov 2016, 11.24 am | Source: CNBC-TV18
Since November 9, ICICI Bank has deployed mobile branches across 21 villages in Maharashtra, Chhattisgarh and Odisha.
27 Nov 2016, 3.46 pm | Source: PTI
Digital money wallet Oxigen and RBL Bank have joined hands to supply cash to people through micro ATMs installed in mobile vans across Delhi NCR.
25 Nov 2016, 6.44 pm | Source: PTI
The bank is also reaching out to residential societies and foreign nationals post ban on Rs 500 and Rs 1000 notes.
25 Nov 2016, 8.22 am | Source: PTI
Country's largest private sector lender ICICI Bank announced waiving the MDR on debit card transactions at all merchants serviced by its merchant acquiring arm ICICI Merchant Services IMSL.
24 Nov 2016, 7.56 am | Source: PTI
Stating that an effort is being made to ensure that people conduct their business in a fair and transparent manner, the veteran banker said a country cannot progress if less than 10 percent of the population pays income tax.
23 Nov 2016, 2.24 pm | Source: PTI
In an interview to CNBC-TV18, N Kamakodi, MD & CEO of City Union Bank spoke about the latest happenings in his company and sector.
23 Nov 2016, 11.35 am | Source: CNBC-TV18
"Regarding the re-structuring of loan accounts, whatever flexibility we are able to get from the system shall be extended to our customers," JK Bank chairman Parvez Ahmad told a delegation of traders who called on him here.
22 Nov 2016, 8.28 am | Source: PTI
The Global Citizen Festival India was a celebration of what India is already doing, but it is also a powerful force to mobilise the youth and facilitate mass behavioural change as well as a call to action for our leaders to do mor...
22 Nov 2016, 7.30 am | Source: PTI
The bank will raise funds by issuing unsecured redeemable non-convertible subordinated debentures of the face value of Rs 10 lakh each for cash at par aggregating to Rs 1,800 crore, Axis Bank said in a regulatory filing to the sto...
21 Nov 2016, 5.52 pm | Source: PTI
The Japanese car maker's arrangement with the three leading banks includes ex-showroom and on-road funding for its various models.
21 Nov 2016, 2.48 pm | Source: PTI