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Banks - Private Sector News

  • ING likely to sell $300 million Kotak Mahindra stake: Term Sheet

    ING likely to sell $300 million Kotak Mahindra stake: Term Sheet  

    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 hits 1 lakh VPA registrations on UPI app

    ICICI Bank hits 1 lakh VPA registrations on UPI app  

    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

  • YES Bank to raise Rs 330 cr via green infra bonds

    YES Bank to raise Rs 330 cr via green infra bonds  

    "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 launches DCB UPI mobile app

    DCB Bank launches DCB UPI mobile app  

    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 eyes 5 million transactions via voice-recognition

    ICICI Bank eyes 5 million transactions via voice-recognition  

    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

  • HDFC Bank raises Rs 6,700 cr via bonds

    HDFC Bank raises Rs 6,700 cr via bonds  

    "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

  • Economy on strong wicket, may grow at 7.5%: Aditya Puri

    Economy on strong wicket, may grow at 7.5%: Aditya Puri   

    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

  • Overall value of top 50 brands dips 2% this year: Report

    Overall value of top 50 brands dips 2% this year: Report  

    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

  • Yes Bank invokes 19 lakh UBL shares worth Rs 156 cr

    Yes Bank invokes 19 lakh UBL shares worth Rs 156 cr  

    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

  • YES Bank in Dow Jones sustainability indices for 2nd year

    YES Bank in Dow Jones sustainability indices for 2nd year  

    "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

  • Karur Vysya Bank to split shares in 1:5 to increase liquidity

    Karur Vysya Bank to split shares in 1:5 to increase liquidity  

    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

  • Alibaba. com enters into agreements for TFC program in India

    Alibaba. com enters into agreements for TFC program in India  

    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

  • Axis Bank buys over 13% in ACRE from IFCI at Rs 22.7 crore

    Axis Bank buys over 13% in ACRE from IFCI at Rs 22.7 crore  

    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

  • RBL Bank enters UPI payment interface after NPCI nod

    RBL Bank enters UPI payment interface after NPCI nod  

    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

  • Axis Bank, BHU team up for banking courses

    Axis Bank, BHU team up for banking courses  

    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: Axis and HDFC Bank`s secret sauce

    Unusual Billionaires: Axis and HDFC Bank's secret sauce   

    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

  • Yesterday was a lesson, but will hit back with QIP soon:Yes Bank

    Yesterday was a lesson, but will hit back with QIP soon:Yes Bank   

    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

  • Stock price fall likely behind Yes Bank QIP deferment: Analysts

    Stock price fall likely behind Yes Bank QIP deferment: Analysts   

    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 says automation to handle 20% transactions by March-end

    ICICI says automation to handle 20% transactions by March-end  

    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

  • CNBC-TV18 Exclusive: Rana Kapoor on why Yes Bank deferred $1bn QIP

    CNBC-TV18 Exclusive: Rana Kapoor on why Yes Bank deferred $1bn QIP   

    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

  • Have shareholder nod to issue over Rs 4 cr worth equity: LVB

    Have shareholder nod to issue over Rs 4 cr worth equity: LVB   

    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

  • Indiabulls Housing mops up Rs 1,330-cr via masala bonds

    Indiabulls Housing mops up Rs 1,330-cr via masala bonds  

    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

  • Stake dilution post $1 bn QIP may not exceed 10%: Yes Bank

    Stake dilution post $1 bn QIP may not exceed 10%: Yes Bank   

    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 launches UPI proposition with 50 companies

    YES BANK launches UPI proposition with 50 companies  

    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

  • PE/VC deal tally declines to USD 1 bn in Aug: EY

    PE/VC deal tally declines to USD 1 bn in Aug: EY  

    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

  • Dhanlaxmi Bank to raise Rs 150 crore via NCDs, equity sale

    Dhanlaxmi Bank to raise Rs 150 crore via NCDs, equity sale  

    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

  • Karur Vysya Bank revises total biz target to Rs 1L cr in FY17

    Karur Vysya Bank revises total biz target to Rs 1L cr in FY17  

    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

  • SUUTI stake sale:Govt eases rules for bankers for ITC,L&T,Axis

    SUUTI stake sale:Govt eases rules for bankers for ITC,L&T,Axis  

    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

  • DCB Bank launches mobile payment service for retail outlets

    DCB Bank launches mobile payment service for retail outlets  

    "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

  • NPA issue in banks far from over; better mechanism needed: Pros

    NPA issue in banks far from over; better mechanism needed: Pros   

    “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

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