Banks - Private Sector News

Dhanlaxmi Bank plans to raise Rs 100cr to strengthen CAR   

22 May 2013, 12.17 pm  |  Source: CNBC-TV18

Dhanlaxmi Bank earned a net profit of Rs 2.62 crore for the fiscal ended March 2013, compared to a net loss of Rs 115.63 crore for the fiscal ended Ma...

Online fraud: Why should you not blame banks  

22 May 2013, 9.23 am  |  Source: Moneycontrol.com

Phishing mails are a cause of concern for all including customers, banks and RBI. The central bank has embarked on a slew of measures. Bank too are do...

City Union Bank Q4 net up 15% on higher other income  

20 May 2013, 4.40 pm  |  Source: Moneycontrol.com

City Union Bank reported 15 percent year-on-year rise in its fourth quarter (January - March) net profit to Rs 83 crore, aided by other income, which ...

City Union Bank PAT up 15%, sees healthy core income growth   

20 May 2013, 4.16 pm  |  Source: CNBC-TV18

City Union Bank core has seen good growth in core income this quarter. The gross NPA has come down from 1.23 percent to 1.13 percent, while the gross ...

Morgan Stanley to sell unit to StanChart  

20 May 2013, 1.57 pm  |  Source: Reuters

Morgan Stanley launched the sale of its Indian private wealth management unit in November 2012, after entering the highly fragmented and competitive m...

Dhanlaxmi Bank standalone Mar '13 NII at Rs 325.63 crore  

18 May 2013, 3.30 pm  |  Source: Moneycontrol.com

Standalone Net Interest Income (NII) for the quarter was Rs 325.63 crore and net profit was Rs 28.66 crore....

ICICI Bank brings in Canadian $75m capital from Canada arm  

16 May 2013, 9.15 pm  |  Source: Moneycontrol.com

ICICI Bank repatriated around Rs 400 crore capital from its wholly owned subsidiary in Canada. The bank can now use the same fund to expand its loans ...

Aiming at 22-25% credit growth ahead: J&K Bank   

16 May 2013, 4.04 pm  |  Source: CNBC-TV18

Jammu and Kashmir Bank declared a special dividend of 500 percent and is eyeing 20 percent growth going ahead. ...

J&K Bank Q4 net profit up 20% at Rs 250cr  

15 May 2013, 7.33 pm  |  Source: Moneycontrol.com

Jammu and Kashmir Bank Q4 net interest income (NII) was up 23 percent at Rs 633 crore versus Rs 516 crore, Year-on-Year....

Karnataka Bank Q4 down 19% at Rs 67cr  

15 May 2013, 7.32 pm  |  Source: CNBC-TV18

Karnataka Bank Q4 net interest income (NII) was up at Rs 221.4 crore versus Rs 214.2 crore, in the same quarter last year....

Expect FY14 net interest margin around 3%: Karnataka Bank   

15 May 2013, 7.18 pm  |  Source: CNBC-TV18

Jayarama Bhat, MD of Karnataka bank expects the FY14 net interest margin (NIM) to be around 3 percent on the back of its profit falling 19 percent....

Cobrapost: What worries & why incentive culture be revised?   

14 May 2013, 10.09 pm  |  Source: Moneycontrol.com

Cobrapost expose on alleged money laundering cases has no doubt brought many things to public notice. However, there is a need to delve deep into read...

Would like to maintain NIM at 3% in FY14: South Indian Bank   

06 May 2013, 4.16 pm  |  Source: CNBC-TV18

South Indian Bank, which reported net interest margin of 3.21 percent in quarter ended March is determined maintain it at 3 percent in FY14. ...

South Indian Bank Q4 net up 26% to Rs 154cr on other income  

06 May 2013, 12.16 pm  |  Source: Moneycontrol.com

Private sector lender South Indian Bank's fourth quarter (January-March) net profit rose by 26.23 percent year-on-year to Rs 154 crore led by other in...

No clean chit to ICICI, HDFC & Axis Banks: RBI  

03 May 2013, 10.23 pm  |  Source: PTI

The Reserve Bank of India on Friday said it has not given a clean chit to ICICI Bank, HDFC Bank and Axis Bank, which are accused of money laundering a...

RBI Credit Policy: Banks unlikely to cut rates soon, no relief for EMIs   

03 May 2013, 7.58 pm  |  Source: Moneycontrol.com

Banks are in no mood to reduce interest rates anytime soon following a cut in the policy/repo rate by 25 basis points to 7.25 percent. However, a fall...

Better KYC norm compliance needed: RBI on Cobrapost sting  

03 May 2013, 3.28 pm  |  Source: PTI

The RBI today said that its probe into their activities revealed the banks did not follow KYC norms while selling third party products. ...

Kotak Mahindra Bank Q4 net up 47%, beats estimates  

02 May 2013, 2.10 pm  |  Source: Moneycontrol.com

Private sector lender Kotak Mahindra Bank's fourth quarter (Jan-March) standalone net profit grew to a forecast beating 47 percent year-on-year to Rs ...

Kotak Mahindra Bank hits 52-week high, Q4 earnings eyed  

02 May 2013, 11.08 am  |  Source: Moneycontrol.com

Kotak Mahindra Bank's shares gained as much as 1.75 percent in morning trade Thursday to touch a 52-week high of Rs 718 ahead of fourth quarter earnin...

High-powered group set up to regulate chit funds: Takru  

01 May 2013, 2.57 pm  |  Source: CNBC-TV18

Financial services secretary Rajiv Takru says, in an interview to CNBC-TV18, that a high-powered group has been set up to examine chit funds: Takru...

Here's what market expects from RBI credit policy  

30 Apr 2013, 5.27 pm  |  Source: Moneycontrol.com

Ahead of the Reserve Bank of India's fourth quarter (January – March) credit policy review, a Royal Bank of Scotland (RBS) survey revealed a loud cl...

ING Vysya Bank Q4 net up 34%, stock hits 52-wk high   

29 Apr 2013, 9.00 pm  |  Source: Moneycontrol.com

Private sector lender ING Vysya Bank's fourth quarter (January-March) net profit grew by 33.7 percent year-on-year to Rs 170.3 crore....

A synopsis of what Nomura expects from RBI credit policy  

29 Apr 2013, 8.43 pm  |  Source: Moneycontrol.com

Sonal Varma and Aman Mohunta – two economists from Japanese research firm Nomura are of opinion that the RBI may be prompted to cut rates due to thr...

RBI probes banks for sale of gold investment products  

29 Apr 2013, 2.09 pm  |  Source: PTI

The Reserve Bank is looking into sale of gold coins and gold-related investment products by about 30 banks to find out whether their employees are mis...

Federal Bank Q4 net falls 6.6% to Rs 222 cr  

27 Apr 2013, 4.35 pm  |  Source: Moneycontrol.com

Public sector lender Federal Bank's fourth quarter (January-March) net profit fell by 6.6 percent year-on-year to Rs 221.9 crore....

ICICI Bk rules out money laundering, sees transaction error   

26 Apr 2013, 9.21 pm  |  Source: Moneycontrol.com

ICICI Bank has stated that an internal inquiry did not find any trace of alleged money-laundering. However, the bank has hinted at some transactional ...

ICICI Bank Q4 net rises 21%, shares fall on profit booking   

26 Apr 2013, 2.42 pm  |  Source: Moneycontrol.com

ICICI Bank's fourth quarter (January-March) net profit rose 21 percent year-on-year to Rs 2,304 crore, in line with what most analysts were expecting....

Strong Q4 earnings push Axis Bank 3% higher  

25 Apr 2013, 11.51 am  |  Source: Moneycontrol.com

Axis Bank, the third largest private sector lender, gained three percent after reporting a forecast beating 22 percent year-on-year rise in its fourth...

Axis gains over 2% as results beat estimates  

25 Apr 2013, 11.14 am  |  Source: Reuters

Axis Bank shares rise 2.6 percent after the bank posts better-than-expected March quarter results. ...

Axis Bank appoints KPMG for money laundering inquiry  

24 Apr 2013, 9.41 pm  |  Source: Moneycontrol.com

Axis Bank has appointed KPMG, one of the big four consulting firms to carry out a forensic investigation in the alleged money laundering case. Accordi...