India International Exchange, the wholly-owned subsidiary of Asia's oldest bourse BSE, today officially commenced trading at Gujarat International Finance Tech (GIFT) city.
16 Jan 2017, 7.56 pm | Source: PTI
The Serious Fraud Investigations Office (SFIO) has written to Kotak Mahindra Bank seeking documents related to the bank’s acquisition of 15 percent stake in Multi Commodity Exchange in July 2014, sources told Moneycontrol.
16 Jan 2017, 3.44 pm | Source: Moneycontrol.com
Small-time private sector lender DCB Bank today reported a 25 per cent surge in December quarter net at Rs 51 crore, driven primarily by a surge in the core interest income.
14 Jan 2017, 5.12 pm | Source: PTI
Country's third biggest private sector lender Axis Bank today cut its interest offering by up to 0.70 percent, following similar moves by all the major players in the system due to high liquidity post demonetisation.
13 Jan 2017, 5.24 pm | Source: PTI
Kotak Mahindra Bank and Federal Bank are upgrading their representative office status to offer full range of banking and professional services, DIFC said in a statement.
13 Jan 2017, 3.42 pm | Source: PTI
The talk of the government looking to sell the 11.7 percent stake in the bank it holds through the Specified Undertaking of the Unit Trust of India. Analysts claim that there is little appetite for the stock among domestic invest...
13 Jan 2017, 11.44 am | Source: Moneycontrol.com
"As more and more telecom companies enter the fray, I think we will hopefully see competition not only amongst telecom companies which we read a lot about these days but we will probably see competition between conventional and th...
13 Jan 2017, 7.44 am | Source: PTI
The new framework will be a comment on the expected loss (EL) of a project entity, which would factor in the probability of default (PD) and the recovery prospects, it said in a statement.
11 Jan 2017, 3.00 pm | Source: PTI
Speaking to CNBC-TV18, VG Mathew, MD & CEO said that gains in treasury income aided other income. Slippages in the third quarter were at Rs 196 crore Y-o-Y.
11 Jan 2017, 2.03 pm | Source: CNBC-TV18
Private sector lender South Indian Bank's third quarter profit grew by 9.6 percent to Rs 111.38 crore compared with year-ago period, driven by other income and operating profit. Asset quality improved, though provisions were highe...
11 Jan 2017, 1.22 pm | Source: Moneycontrol.com
Speaking to CNBC-TV18 Romesh Sobti, MD & CEO of Indusind Bank said that CV sales in November weren’t as bad as expected. December wasn’t as bad as forecast.
11 Jan 2017, 10.27 am | Source: CNBC-TV18
The bank will soon take a decision on interest rates, said Romesh Sobti, Managing Director and Chief Executive at IndusInd Bank. The bank's interest rates for savings account ranges between 4-6 percent depending on the account bal...
10 Jan 2017, 6.36 pm | Source: Moneycontrol.com
Private sector lender IndusInd Bank said profit in the quarter ended December 2016 grew by 29.2 percent to Rs 750.6 crore compared with Rs 581.02 crore in year-ago period.
10 Jan 2017, 3.19 pm | Source: Moneycontrol.com
Private sector Axis Bank today became the third lender in the country to announce usage of block chain solutions for its operations, after its peers ICICI Bank and Yes Bank.
09 Jan 2017, 7.18 pm | Source: PTI
The humanoid will be unveiled at one of their bank branches in the next 10-12 days.
09 Jan 2017, 2.51 pm | Source: Moneycontrol.com
Reserve Bank today said it has imposed a penalty of Rs 3 crore on Lakshmi Vilas Bank for contravention of instructions on opening and operation of current accounts, among others
06 Jan 2017, 9.12 pm | Source: PTI
The move will help bring down cost of home, auto and other loans linked to marginal cost of funds based lending rate (MCLR).
05 Jan 2017, 7.48 am | Source: PTI
As part of the tie-up, the bank has completely digitalised its processes when it comes to transactions with Bajaj Electricals and its vendors in such a way that blockchain solutions can be implemented, an official spokesperson sai...
03 Jan 2017, 5.30 pm | Source: PTI
Loan growth will remain cautious post Marginal Cost of Funds based Lending Rate (MCLR) cuts by many banks, said Dipak Gupta, Jt MD of Kotak Mahindra Bank.
03 Jan 2017, 11.17 am | Source: CNBC-TV18
Private sector Lakshmi Vilas Bank has raised Rs 167.8 crore through issuance of 1.19 crore equity shares on qualified institution placement (QIP) basis.
01 Jan 2017, 5.24 pm | Source: PTI
"The Bank has successfully raised Rs 330 crore of Green Infrastructure Bonds through private placement," Yes Bank said in a BSE filing.
30 Dec 2016, 2.04 pm | Source: PTI
Private sector Lakshmi Vilas Bank today said it has launched QIP to raise over Rs 599.88 crore by issuing 4.25 crore shares in domestic or international markets.
29 Dec 2016, 5.28 pm | Source: PTI
Gurgaon-based realty firm Vatika group has raised Rs 495 crore from Axis Bank to fund its hospitality business expansion plans.
28 Dec 2016, 8.00 pm | Source: PTI
The ED has arrested the manager of a Kotak Bank branch here in connection with its money laundering probe in a case of detection of nine alleged fake accounts with deposits worth Rs 34 crore post demonetisation.
28 Dec 2016, 11.58 am | Source: PTI
In what it claims to be a first in the country leading private sector lender ICICI Bank today launched 'Eazypay', an app for merchants, retailers and professionals to accept payments on mobiles from multiple digital modes.
27 Dec 2016, 4.16 pm | Source: PTI
A first-of-its kind application, Eazypay offers customers the improved convenience of paying by using their mobile phone through Unified Payment Interface (UPI), any credit or debit card or Internet banking, ICICI Bank said in a s...
27 Dec 2016, 3.34 pm | Source: PTI
Aadhaar Pay, launched by the government today, has been developed by IDFC Bank in association with Unique Identification Authority of India (UIDAI) and the National Payments Corporation of India (NPCI), the bank said in a statemen...
26 Dec 2016, 8.22 am | Source: PTI
Recoveries of non-performing assets (NPAs) have not been as fast as in October, post demonetisation, said Kamakodi. Net interest margins also could be impacted, said N Kamakodi, MD & CEO, City Union Bank.
23 Dec 2016, 12.01 pm | Source: CNBC-TV18
HDFC Bank today faced some technical glitch due to which some of its customers received wrong account balance message on their registered mobile numbers.
23 Dec 2016, 7.58 am | Source: PTI
Sources tell CNBC-TV18 that the Enforcement Directorate may have found unusual activity in over 200 accounts across banks in Mumbai. This unusual activity is believed to have occurred in the accounts of about six public and privat...
21 Dec 2016, 11.38 am | Source: CNBC-TV18