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
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
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
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
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
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
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
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 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
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
"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
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'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 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
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
"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
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
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
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
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
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
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
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- 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
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
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
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
"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 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
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