Dutch financial services company ING Group is selling a USD 300 million stake in Indian lender Kotak Mahindra Bank Ltd in a block trade on Thursday, according to a deal term sheet seen by Reuters.
28 Sep 2016, 7.34 pm | Source: Reuters
ICICI Bank said customers of any bank who have created their VPA on 'Pockets' as well as ICICI Bank customers using 'iMobile' can soon pay using their smartphone at over 6,500 HPCL petrol pumps and more than 2,000 stores of ABFRL ...
27 Sep 2016, 6.10 pm | Source: PTI
"FMO will be investing in Yes Bank's bonds through FMO's own sustainable bonds. The definitive agreement was signed today at the fourth edition of FMO's Future of Finance conference being held in Katwijk, the Netherlands," Yes Ban...
27 Sep 2016, 11.04 am | Source: PTI
DCB Bank today said it has launched an Unified Payment Interface (UPI) application to enhance banking experience for customers.
26 Sep 2016, 9.48 pm | Source: PTI
ICICI Bank has said it has brought 32 lakh customers under the voice recognition service for phone banking and is aiming to conduct 50 lakh transactions via this facility by the end of this fiscal.
25 Sep 2016, 1.32 pm | Source: PTI
"The bank has issued and allotted on September 21, 2016 on a private placement basis, senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures amounting to Rs 6,700 crore," HDFC Bank said in a re...
22 Sep 2016, 2.00 pm | Source: PTI
Speaking to CNBC-TV18 Aditya Puri, MD of HDFC Bank says GDP growth has started to move up for India and private investment will follow GDP growth as a natural corollary.
22 Sep 2016, 8.30 am | Source: CNBC-TV18
However, the brand value of India's top 50 brands has increased by 30 percent over the last three years, as per the BrandZ study conducted by research agency Millward Brown and commissioned by WPP, which was released here.
22 Sep 2016, 8.16 am | Source: PTI
United Breweries Ltd (UBL) today said private lender Yes Bank has invoked 19 lakh of its shares worth Rs 156 crore which were pledged by McDowell Holdings, a unit of Vijay Mallya-led UB Group.
21 Sep 2016, 5.10 pm | Source: PTI
"The selection is effective from September 19, 2016 and would be valid for one year. This is the second year in a row where YES BANK has been selected as a part of the DJSI," Yes Bank said in a release.
21 Sep 2016, 9.02 am | Source: PTI
The board of directors at a meeting held today approved the proposal for sub-division of existing one equity share of Rs 10 each face value into 5 number of equity shares of Rs 2 each, the bank said in a regulatory filing.
20 Sep 2016, 9.08 am | Source: PTI
Through these partnerships, the company hopes to encourage and support Indian Small and Medium Enterprises (SMEs) by providing a one-stop shop for their essential trade requirements, it said in a release.
19 Sep 2016, 1.50 pm | Source: PTI
Private sector Axis Bank will buy 13.67 per cent stake in Assets Care and Reconstruction Enterprise (ACRE) from IFCI Ltd for Rs 22.72 crore.
17 Sep 2016, 12.08 pm | Source: PTI
Private sector RBL Bank today said it has received approval from the NPCI for providing services under the Unified Payment Interface (UPI) platform.
15 Sep 2016, 9.24 pm | Source: PTI
The bank along with the Faculty of Commerce at BHU will develop the design and curriculum of courses, besides deciding on e-learning modules, structure and courseware, Axis Bank said in a release.
15 Sep 2016, 9.42 am | Source: PTI
Unusual Billionaires by Saurabh Mukherjea identifies seven gems who have given 10 percent revenue growth and 15 percent return on capital every year for the past 10 years. Among these seven gems are two banks, Axis Bank and HDFC B...
13 Sep 2016, 5.31 pm | Source: CNBC-TV18
Yes Bank on Thursday deferred its USD 1 billion qualified institutional placement (QIP). The management blamed the volatility in the stock for the same. Yes Bank, on Friday, opened 6 percent lower after a 5 percent fall in closing...
09 Sep 2016, 10.01 am | Source: CNBC-TV18
Yes Bank today announced it would defer its USD 1 billion qualified institutional placement (QIP), on a day when the stock price fell over 5 percent and below the minimum price band of Rs 1,350.
08 Sep 2016, 10.31 pm | Source: CNBC-TV18
ICICI Bank has been able to save nearly 60 percent in response time for customers using the mechanical interventions and will also be saving on costs through better utilisation of human resources, Chanda Kochhar said.
08 Sep 2016, 6.30 pm | Source: PTI
In an interview with CNBC-TV18, Yes Bank Founder and MD Rana Kapoor explained why the bank had to defer its USD 1 billion qualified institutional placement (QIP) following the stock price reaction.
08 Sep 2016, 5.46 pm | Source: CNBC-TV18
In the interview NS Venkatesh of Lakshmi Vilas Bank said that the bank needs to increase its capital adequacy at this stage but has not planned but a definite time schedule has not been finalised yet.
08 Sep 2016, 1.07 pm | Source: CNBC-TV18
Being an unrated instrument, the company had to price the 37-month issue at 8.57 percent. Against this, HDFC's Rs 3,000-crore issue last month with same maturity was priced much lower at 7.975 percent.
07 Sep 2016, 10.32 pm | Source: PTI
Speaking to CNBC-TV18 Managing Director Rana Kapoor said the QiB, with an upper-end target price of Rs 1,410 per share is expected to lead to an equity dilution of not more than 10-11 percent.
07 Sep 2016, 8.31 pm | Source: CNBC-TV18
YES BANK, India’s fifth largest private sector bank, has commenced first of its kind Unified Payments Interface (UPI) services by partnering with 50 businesses, to catalyse one of the biggest payment innovations in the banking u...
07 Sep 2016, 7.00 pm | Source: CNBC-TV18
The e-commerce space had seen transactions worth USD 55 million across six deals in August 2016 as against USD 554 million across 22 deals in August 2015.
06 Sep 2016, 6.48 pm | Source: PTI
The bank is slated to pass a resolution to this effect at its annual general meeting due on September 29.
06 Sep 2016, 6.48 pm | Source: PTI
The company clocked total business of Rs 90,000 crore in the last financial year and has set a target of reaching Rs one lakh crore in the current year.
06 Sep 2016, 6.48 pm | Source: PTI
Earlier, the merchant bankers were not permitted to enter into any competing transaction for entire three years for which they are being hired and hence, the bankers had approached DIPAM for a change in the clause.
06 Sep 2016, 6.10 pm | Source: PTI
"mVisa, a mobile-based payment solution will make payments at retail outlets much easier. Customers can pay now through their smart phones by scanning the unique Quick Response (QR) code at the retail outlet," DCB Bank said in a r...
02 Sep 2016, 3.50 pm | Source: PTI
“Underlying mechanism to resolve (NPA) issue is not that great,” says Gautam Trivedi, MD & CEO of Religare Capital Markets.
02 Sep 2016, 1.19 pm | Source: CNBC-TV18