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Banks - Private Sector News

  • BSE`s international exchange goes live for trading

    BSE's international exchange goes live for trading  

    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

  • Kotak Mahindra stake buy in MCX under lens (Exclusive)

    Kotak Mahindra stake buy in MCX under lens (Exclusive)  

    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

  • DCB Bank Q3 net up 25 pc to Rs 51 crore

    DCB Bank Q3 net up 25 pc to Rs 51 crore   

    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

  • Axis Bank cuts MCLR by up to 70 bps

    Axis Bank cuts MCLR by up to 70 bps  

    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

  • Indian banks strengthen presence at DIFC

    Indian banks strengthen presence at DIFC  

    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

  • Why are foreign institutional investors selling Axis Bank stock?

    Why are foreign institutional investors selling Axis Bank stock?  

    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

  • Airtel rolls out payments bank, to invest Rs 3,000 cr

    Airtel rolls out payments bank, to invest Rs 3,000 cr  

    "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

  • Icra launches new product for infra sector

    Icra launches new product for infra sector  

    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

  • Loan growth target for FY17 is 15%: South Indian Bank

    Loan growth target for FY17 is 15%: South Indian Bank   

    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

  • South Indian Bank Q3 net up 10% on treasury income; NPA improves

    South Indian Bank Q3 net up 10% on treasury income; NPA improves  

    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

  • Credit cost expected to be below 60 bps In FY17: IndusInd Bank

    Credit cost expected to be below 60 bps In FY17: IndusInd Bank   

    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

  • IndusInd Bank to review interest rates of savings accounts

    IndusInd Bank to review interest rates of savings accounts  

    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

  • IndusInd Bank Q3 profit up 29% to Rs 751 cr, NII jumps 34%

    IndusInd Bank Q3 profit up 29% to Rs 751 cr, NII jumps 34%   

    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

  • Axis Bank becomes third lender to offer block chain service

    Axis Bank becomes third lender to offer block chain service  

    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

  • Soon, a robotic assistant will greet you at nearest HDFC Bank

    Soon, a robotic assistant will greet you at nearest HDFC Bank  

    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

  • RBI imposes Rs 3 crore penalty on Lakshmi Vilas Bank

    RBI imposes Rs 3 crore penalty on Lakshmi Vilas Bank  

    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

  • More banks cut rate by up to 0.9%

    More banks cut rate by up to 0.9%  

    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

  • Yes Bank upbeat on using blockchain, to add more processes

    Yes Bank upbeat on using blockchain, to add more processes  

    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 to remain cautious, cash ban positive for NPL: Kotak

    Loan growth to remain cautious, cash ban positive for NPL: Kotak   

    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

  • Lakshmi Vilas Bank raises Rs 168 crore via QIP

    Lakshmi Vilas Bank raises Rs 168 crore via QIP  

    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

  • YES Bank raises Rs 330 cr via Green Infrastructure Bonds

    YES Bank raises Rs 330 cr via Green Infrastructure Bonds  

    "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

  • Lakshmi Vilas Bank launches QIP to raise Rs 600 crore

    Lakshmi Vilas Bank launches QIP to raise Rs 600 crore  

    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

  • Vatika raises Rs 495 cr from Axis Bank to expand hotel biz

    Vatika raises Rs 495 cr from Axis Bank to expand hotel biz  

    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

  • ED arrests Kotak Mahindra branch manager for Rs 34 cr deposits

    ED arrests Kotak Mahindra branch manager for Rs 34 cr deposits  

    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

  • ICICI launches Eazypay mobile app for merchants

    ICICI launches Eazypay mobile app for merchants  

    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

  • ICICI Bank launches mobile app Eazypay

    ICICI Bank launches mobile app Eazypay  

    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

  • IDFC Bank launches aadhaar-linked cashless merchant solution

    IDFC Bank launches aadhaar-linked cashless merchant solution  

    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

  • Demonetisation: Recovery of NPAs slow, impact on NIMs likely, says City Union Bk

    Demonetisation: Recovery of NPAs slow, impact on NIMs likely, says City Union Bk   

    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 customers get wrong a/c balance info due to glitch

    HDFC Bank customers get wrong a/c balance info due to glitch  

    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

  • ED finds `unusual` activity in 200 bank a/cs in Mumbai: Srcs

    ED finds 'unusual' activity in 200 bank a/cs in Mumbai: Srcs   

    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

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