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Banks - Private Sector News

  • Kotak Bank opens international unit in Gujarat`s GIFT City

    Kotak Bank opens international unit in Gujarat's GIFT City  

    "This is our first international branch at GIFT City. We have set aside USD 20 million to start our international banking unit from GIFT City," said K V S Manian, Kotak Bank President (Corporate, Institutional and investment Banki...

    04 May 2016, 9.40 am  |  Source: PTI

  • Yes Bank cuts MCLR by 10 bps

    Yes Bank cuts MCLR by 10 bps  

    The city-headquartered lender's one year MCLR will now be 9.5 percent as against the earlier 9.6 percent, it said in a statement.

    04 May 2016, 7.34 am  |  Source: PTI

  • NPA pains to continue at `elevated levels` this fiscal: ICICI

    NPA pains to continue at 'elevated levels' this fiscal: ICICI  

    In an investor presentation, the bank said its exposure of over Rs 44,065 crore to six segments, including power, mining, iron & steel, cement, oil rigs and "promoter entities" will be watched closely for signs of stress as the ye...

    03 May 2016, 7.26 am  |  Source: PTI

  • DBS back in the black; gets aggressive with 7% on SB deposits

    DBS back in the black; gets aggressive with 7% on SB deposits  

    Unlike the competition, which offers 6 percent (Kotak Mahindra and Yes Bank on deposits above Rs 1 lakh and RBL 7.1 percent for above Rs 10 lakh), DBS will pay 7 percent even on Re 1 balance.

    26 Apr 2016, 6.36 pm  |  Source: PTI

  • FIPB to take up Axis Bank, 13 other proposals

    FIPB to take up Axis Bank, 13 other proposals  

    FIPB, chaired by Economic Affairs Secretary Shaktikanta Das, will also consider the proposal of Aurobindo Pharma, One97 Communications, Advanced Enzyme Technologies and Macmillan Publishers International Ltd.

    18 Apr 2016, 2.22 pm  |  Source: PTI

  • Axis Bank lowers lending rate by 15 bps to 8.95%

    Axis Bank lowers lending rate by 15 bps to 8.95%  

    Axis Bank, the third largest private sector lender, today announced a cut in its lending rate by 0.15 per cent to bring it at par with its larger rivals.

    12 Apr 2016, 8.32 pm  |  Source: PTI

  • Banks Board Bureau holds first meeting in Mumbai

    Banks Board Bureau holds first meeting in Mumbai  

    The Bureau has been constituted to recommend the government on selection of heads of public sector banks and financial institutions and help lenders in developing strategies and capital raising plans.

    08 Apr 2016, 7.58 pm  |  Source: PTI

  • HDFC arm HBD Financial Services to raise up to Rs 350 cr

    HDFC arm HBD Financial Services to raise up to Rs 350 cr  

    "The company now intends to raise its seventh tranche of Rs 250 crore with greenshoe option to retain oversubscription up to Rs 100 crore, in aggregate on a private placement," the company said in a BSE filing.

    08 Apr 2016, 7.52 am  |  Source: PTI

  • Yes Bank raises Rs 545 crore via Basel-III complaint bonds

    Yes Bank raises Rs 545 crore via Basel-III complaint bonds  

    "The Bank has successfully raised Rs 545 crore from Basel III compliant Tier II bonds on private placement basis. The issue was closed on March 31, 2016," Yes Bank said in a regulatory filing.

    04 Apr 2016, 2.00 pm  |  Source: PTI

  • ICICI Bank sells part stake in insurance firms for Rs 2200 cr

    ICICI Bank sells part stake in insurance firms for Rs 2200 cr  

    The bank has sold 9 percent shareholding in ICICI Lombard General Insurance Company to its joint venture partner Fairfax Financial Holdings, ICICI Bank said in a statement.

    02 Apr 2016, 1.14 pm  |  Source: PTI

  • HDFC Bank revises lending rates based on marginal cost

    HDFC Bank revises lending rates based on marginal cost  

    For one year loan, the interest rate will be 9.20 while for two years it is going to be 9.3 percent, sources said.

    31 Mar 2016, 7.22 pm  |  Source: PTI

  • Rajkot Invest standalone Dec '15 sales at Rs 0.09 crore  

    Rajkot Investment Trust has reported a sales total income from operations of Rs 0.09 crore and a net profit of Rs 0.01 crore for the quarter ended Dec '15

    15 Feb 2016, 8.33 am  |  Source: Moneycontrol.com

  • Dhanlaxmi Bank standalone Dec '15 NII at Rs 68.34 crore  

    Standalone Net Interest Income (NII) for the quarter was Rs 68.34 crore and net loss was Rs 55.59 crore.

    15 Feb 2016, 8.00 am  |  Source: Moneycontrol.com

  • Adharshila Cap standalone Dec '15 sales at Rs 0.03 crore  

    Adharshila Capital Services has reported a standalone total income from operations of Rs 0.03 crore and a net loss of Rs 0.03 crore for the quarter ended Dec '15

    15 Feb 2016, 7.56 am  |  Source: Moneycontrol.com

  • Smart Finsec standalone Dec '15 sales at Rs 0.12 crore  

    Smart Finsec has reported a sales total income from operations of Rs 0.12 crore and a net profit of Rs 0.01 crore for the quarter ended Dec '15

    11 Feb 2016, 11.02 am  |  Source: Moneycontrol.com

  • South Indian Bank Q3 profit rises 16%, asset quality weakens

    South Indian Bank Q3 profit rises 16%, asset quality weakens  

    Net interest income, the difference between interest earned and interest expended, grew by 27 percent to Rs 406.7 crore during the quarter against Rs 320 crore in same quarter last fiscal.

    20 Jan 2016, 2.10 pm  |  Source: Moneycontrol.com

  • Karnataka Bank Q3 net slides 9% to Rs 97 cr

    Karnataka Bank Q3 net slides 9% to Rs 97 cr  

    "Total income has increased to Rs 1,369.83 crore for the quarter ended December 31, 2015, from Rs 1,364.69 crore for the quarter ended December 31, 2014," it said in a BSE filing.

    18 Jan 2016, 8.37 am  |  Source: PTI

  • Karur Vysya Bank Q3 profit rises 34%, asset quality stable

    Karur Vysya Bank Q3 profit rises 34%, asset quality stable  

    Net interest income, the difference between interest earned and interest expended, rose 14.6 percent to Rs 448 crore in quarter ended December 2015 compared to Rs 391 crore in a year-ago period.

    13 Jan 2016, 2.14 pm  |  Source: Moneycontrol.com

  • DCB Bank Q3 profit slips 3% on higher tax cost; NII jumps 32%

    DCB Bank Q3 profit slips 3% on higher tax cost; NII jumps 32%  

    Net interest income grew by 31.6 percent to Rs 160.46 crore in quarter ended December 2015 from Rs 121.9 crore in same quarter last fiscal. NII is the difference between interest earned and interest expended.

    12 Jan 2016, 5.03 pm  |  Source: Moneycontrol.com

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