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Banks - Private Sector News

  • Kotak Mahindra Bank gets RBI nod for selling upto 10% to CPIIB

    Kotak Mahindra Bank gets RBI nod for selling upto 10% to CPIIB  

    Private sector lender Kotak Mahindra Bank today said it has got Reserve Bank's approval for selling less than 10 per cent stake in the bank to Canada-based pension fund CPIIB.

    30 Aug 2016, 8.54 pm  |  Source: PTI

  • KVB to consider stock split at board meeting next month

    KVB to consider stock split at board meeting next month  

    Private sector Karur Vysya Bank (KVB) will consider stock split at meeting of the Board of Directors' next month.

    30 Aug 2016, 6.18 pm  |  Source: PTI

  • Flipkart aims to secure additional Rs 75 crore loans to sellers

    Flipkart aims to secure additional Rs 75 crore loans to sellers  

    The Bengaluru-based firm, which has partnered eight financial institutions including Axis Bank, Bajaj Finserv, NeoGrowth, Lendingkart and Capital First to offer collateral-free loans to sellers on its platform, has already disburs...

    26 Aug 2016, 8.58 am  |  Source: PTI

  • Yes Bank enters credit card space, eyes No 3 slot in 4 yrs

    Yes Bank enters credit card space, eyes No 3 slot in 4 yrs   

    At a time when lenders are playing it safe by sticking to their own customers to sell credit cards, the bank plans to go all out seeking customers from outside for the unsecured lending product.

    23 Aug 2016, 7.40 pm  |  Source: PTI

  • Good demand from MSMEs, but cautiously lending: Lakshmi Vilas Bk

    Good demand from MSMEs, but cautiously lending: Lakshmi Vilas Bk   

    On the appointment of Urjit Patel as the next RBI Governor, Venkatesh says Patel brings in continuity and stability to the central bank's policy so far

    22 Aug 2016, 11.05 am  |  Source: CNBC-TV18

  • ICICI goes live with banking transaction product on mobiles

    ICICI goes live with banking transaction product on mobiles  

    Customers can transfer money, pay bills and recharge from within any application or browser using smartphone keyboard which will reduce transaction time, the bank said in a statement today.

    18 Aug 2016, 4.20 pm  |  Source: PTI

  • Federal Bank partners Chillr for cashless transactions

    Federal Bank partners Chillr for cashless transactions  

    Chillr, India's first and only multi-bank mobile application, allows users to connect seamlessly with multiple bank accounts and manage all their banking needs on a single platform, making money transfer between bank accounts easi...

    18 Aug 2016, 3.16 pm  |  Source: PTI

  • Axis Bank reduces lending rate by 0.05% across all tenors

    Axis Bank reduces lending rate by 0.05% across all tenors  

    Private sector lender Axis Bank today cut lending rate by 0.05 per cent, a move which will lower EMIs for its new borrowers.

    17 Aug 2016, 9.44 pm  |  Source: PTI

  • Federal Bank ties up with MMTC to offer Indian Gold Coin

    Federal Bank ties up with MMTC to offer Indian Gold Coin  

    Federal Bank today said it has tied up with MMTC for offering the Indian Gold Coin (IGC), the first such offering by the Government.

    17 Aug 2016, 8.02 pm  |  Source: PTI

  • Expect no additions to watch-list going forward: Axis Bank ED

    Expect no additions to watch-list going forward: Axis Bank ED   

    In an interview with CNBC-TV18, V Srinivasan, ED of Axis Bank, talked about the bank's asset quality picture and the outlook going forward.

    16 Aug 2016, 7.56 pm  |  Source: CNBC-TV18

  • YES Bank to raise $1 bn via QIP in next 7 months

    YES Bank to raise $1 bn via QIP in next 7 months  

    "The QIP process should be over in the next 6-7 months and we are actively meeting large investors across geographies," Yes Bank MD Rana Kapoor told PTI.

    15 Aug 2016, 5.30 pm  |  Source: PTI

  • Kotak Bank starts Innovation Lab,open to investing in startups

    Kotak Bank starts Innovation Lab,open to investing in startups  

    Private sector lender Kotak Mahindra Bank has started an 'Innovation Lab' in Bengaluru to tap into the best technology that impacts its operations, and is open to investing in startups, a senior company official has said.

    14 Aug 2016, 1.52 pm  |  Source: PTI

  • Dhanlaxmi Bank shows NPA, capital risks: Fitch

    Dhanlaxmi Bank shows NPA, capital risks: Fitch  

    Dhanlaxmi Bank's coupon payment failure on a debt instrument last month highlights the increased risks to investors from NPA-saddled and capital-starved domestic banks, global ratings agency Fitch said today.

    12 Aug 2016, 7.08 pm  |  Source: PTI

  • Smart Finsec standalone Jun '16 sales at Rs 0.56 crore  

    Smart Finsec has reported a sales total income from operations of Rs 0.56 crore and a net profit of Rs 0.02 crore for the quarter ended Jun '16

    12 Aug 2016, 4.49 pm  |  Source: Moneycontrol.com

  • Dhanlaxmi Bank posts Rs 5.73 cr profit for Apr-Jun

    Dhanlaxmi Bank posts Rs 5.73 cr profit for Apr-Jun  

    The bank improved upon on its bad loan portfolio, as gross non performing assets (NPAs) came down to 7.02 percent of gross advances as on June 2016 against 8.45 percent year ago. In value terms, gross NPAs were Rs 475.49 crore, do...

    11 Aug 2016, 10.14 pm  |  Source: PTI

  • Axis, Suvidhaa tie-up for collateral-free loans to urban poor

    Axis, Suvidhaa tie-up for collateral-free loans to urban poor  

    "This is the first-of-its-kind offering which will give collateral-free loans of up to Rs 15,000 within two hours to deserving individuals based on their cash flow history," Axis Bank Executive Director Rajiv Anand said.

    11 Aug 2016, 9.26 pm  |  Source: PTI

  • Daily wrap-up: News from the world of business

    Daily wrap-up: News from the world of business  

    Kotak Mahindra Bank (KMB) and Flipkart have entered into a tie-up which the private lender's mobile banking application will have the e-commerce major's mobile site.

    11 Aug 2016, 7.56 pm  |  Source: PTI

  • Times Internet partners HDFC to launch co-branded debit cards

    Times Internet partners HDFC to launch co-branded debit cards  

    This is the second co-branded card launched by Times Internet with HDFC Bank, after launching a (co-branded) credit card targeted at the entertainment segment in 2013.

    11 Aug 2016, 6.14 pm  |  Source: PTI

  • 9 merchant bankers in fray to manage HUDCO stake sale

    9 merchant bankers in fray to manage HUDCO stake sale  

    The other bankers who are in fray are SBI Capital Market Ltd, IDBI Capital Markets and Securities, ICICI Securities, IDFC Bank, Axis Capital, YES Bank and Edelweiss Financial Services, according to the Department of Investment and...

    11 Aug 2016, 3.54 pm  |  Source: PTI

  • Why Yes Bank is raising $1bn despite being flush with cash

    Why Yes Bank is raising $1bn despite being flush with cash   

    Yes Bank has decided upon the qualified institutional placement (QIP) route to raise USD 1 billion, which the bank had announced in June, CEO and MD Rana Kapoor told CNBC-TV18.

    11 Aug 2016, 2.32 pm  |  Source: CNBC-TV18

  • Expect PAT growth of 10-12% for this fiscal: City Union Bank

    Expect PAT growth of 10-12% for this fiscal: City Union Bank   

    In an interview with CNBC-TV18, N Kamakodi, MD and CEO of CUB, said that the bank expects to close the year with 15-18 percent credit growth rate and sees net profit growth of around 10-12 percent for this fiscal.

    11 Aug 2016, 12.39 pm  |  Source: CNBC-TV18

  • J&K Bank Q1 profit down 86% at Rs 23 cr

    J&K Bank Q1 profit down 86% at Rs 23 cr  

    The Srinagar-headquartered bank had reported Rs 158.76 crore net profit in the corresponding quarter last fiscal.

    10 Aug 2016, 3.36 pm  |  Source: PTI

  • City Union Q1 profit up 11% on NII growth, asset quality stable

    City Union Q1 profit up 11% on NII growth, asset quality stable  

    Net interest income, the difference between interest earned and interest expended, jumped 25.2 percent to Rs 280 crore on yearly basis.

    10 Aug 2016, 1.34 pm  |  Source: Moneycontrol.com

  • Pariksha Fin-In standalone Jun '16 sales at Rs 0.29 crore  

    Pariksha Fin- Invest- Lease has reported a sales total income from operations of Rs 0.29 crore and a net profit of Rs 0.01 crore for the quarter ended Jun '16

    08 Aug 2016, 3.51 pm  |  Source: Moneycontrol.com

  • ICICI Bank eyes 30 lk transactions via e-toll plazas by March

    ICICI Bank eyes 30 lk transactions via e-toll plazas by March  

    The country's largest private sector lender, also the first bank to have rolled out the facility, is also planning to issue 4 lakh tags to motorists to allow them a hassle-free passage through toll plazas on the national highways.

    07 Aug 2016, 11.36 am  |  Source: PTI

  • Ex-RBI DG Sinha joins IDFC Bank Board as independent director

    Ex-RBI DG Sinha joins IDFC Bank Board as independent director  

    Private sector lender IDFC Bank today said former RBI Deputy Governor Anand Sinha has joined its Board as an independent director, while Vinod Rai has stepped down because of his appointment as chief of Banks Board Bureau (BBB).

    05 Aug 2016, 6.46 pm  |  Source: PTI

  • ICICI`s asset quality to remain under pressure over 1 yr: S&P

    ICICI's asset quality to remain under pressure over 1 yr: S&P  

    S&P Global Ratings today lowered ICICI Bank's standalone credit profile to 'bbb-' from 'bbb' saying the private bank's asset quality will remain under pressure over the next one year.

    05 Aug 2016, 6.46 pm  |  Source: PTI

  • Karnataka Bank to offer shares for rights issue

    Karnataka Bank to offer shares for rights issue  

    "At the meeting of the board of directors held today, it has been decided to issue equity shares of the bank on a rights basis in the ratio of 1:2 i.e., one share for every two," the bank said in a regulatory filing.

    05 Aug 2016, 4.16 pm  |  Source: PTI

  • South Indian Bank to raise Rs 500cr to augment biz capital

    South Indian Bank to raise Rs 500cr to augment biz capital  

    South Indian Bank will raise Rs 500 crore by issuing debt securities, long-term infrastructure bonds on a private placement basis to augment business requirements.

    04 Aug 2016, 7.18 pm  |  Source: PTI

  • Karur Vysya standalone Jun '16 NII at Rs 481.12 crore  

    Standalone Net Interest Income (NII) for the quarter was Rs 481.12 crore and net profit was Rs 146.35 crore.

    04 Aug 2016, 1.09 pm  |  Source: Moneycontrol.com

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