Under a new initiative, the bank has started a scheme called 'Hope Loans' by which it will contribute a portion of the proceeds from the repayment of home, personal, education and car loans to select NGOs engaged in sectors like s...
21 Oct 2016, 3.00 pm | Source: PTI
Public sector lender State Bank of Bikaner and Jaipur (SBBJ) has posted a loss of Rs 210 crore in July-September quarter against profit of Rs 180 crore in year-ago period. Higher provisions and lower net interest income impacted p...
21 Oct 2016, 1.45 pm | Source: Moneycontrol.com
Speaking to CNBC-TV18 GM Yadwadkar, DMD, IDBI Bank said under the S4A only completed projects are covered. Under-implementation projects aren't covered, he said.
21 Oct 2016, 11.02 am | Source: CNBC-TV18
The lender on an average adds around 13,000 to its clerical staff every year. But after a slowdown in the past few years with only 5,635 hired in FY15 and none hired in FY16, it is planning to hire 17,000 this year.
21 Oct 2016, 8.41 am | Source: Moneycontrol.com
A security breach at Hitachi, an ATM provider, has put banks across the country on high alert. At stake is the personal information of customers of these lenders, all of whom listed, will soon be issuing new debit cards or asking ...
20 Oct 2016, 2.52 pm | Source: Moneycontrol.com
A security breach at some ATM branches has led to breach of security information of various card holders. The country’s largest public lender State Bank of India (SBI) has cancelled 6,25,000 cards as a precautionary measure.
20 Oct 2016, 11.13 am | Source: CNBC-TV18
Last month, Union Bank had completed acquisition of 49 percent shareholding of Union KBC AMC and Union KBC Trustee Company from the Belgium-based KBC Participants Renta SA and its affiliates.
20 Oct 2016, 10.18 am | Source: PTI
Speaking to an established newspaper, an SBI executive said this move is to take advantage of the falling long-term bond yields.
20 Oct 2016, 9.13 am | Source: Moneycontrol.com
The 17-lender consortium led by State Bank of India will auction the Kingfisher Villa, the sea-facing plush property once-owned by the beleaguered Vijay Mallya in Goa, tomorrow.
18 Oct 2016, 7.48 pm | Source: PTI
CanFin Homes, the housing finance arm of public lender Canara Bank, today reported a rise of 55.6 per cent in its net profit at Rs 55.06 crore for the second quarter ended September.
18 Oct 2016, 6.18 pm | Source: PTI
NIIF-RDIF will invest in 20 projects in the next 3-4 years, says Kirill Dmitriev, Chief Executive Officer of RDIF on the sidelines of the Brics summit event in Goa. The NIIF-RDIF joint fund worth USD 1 billion will lead to USD 10 ...
17 Oct 2016, 11.59 am | Source: CNBC-TV18
IDBI Bank, which has exposure to the company, says that corporates including the bank will have to look at how Essar plans to disburse the amount.
17 Oct 2016, 10.33 am | Source: CNBC-TV18
Speaking to CNBC-TV18, State Bank of India's Chairman Arundhati Bhattacharya said that the Essar deal will get the group's debt to move to another organisation and believed it was a good deal with Rosneft. “I am hoping it will h...
17 Oct 2016, 10.04 am | Source: CNBC-TV18
Public sector lender Bank of Baroda today said it proposes to raise up to Rs 2,000 crore on private placement basis to meet Basel III requirements.
15 Oct 2016, 2.32 pm | Source: PTI
SBI informed BSE that its executive committee of the central board (ECCB) at its meeting held today has approved the divestment of stake.
14 Oct 2016, 9.34 pm | Source: PTI
The bank said the capital is being raised to maintain healthy CRAR during the current financial year.
14 Oct 2016, 8.04 pm | Source: PTI
"The three-year deal with the two players was agreed in-principle before they represented and made India proud on the international stage at the Rio 2016 Olympics," the bank said in a statement.
13 Oct 2016, 4.22 pm | Source: PTI
State-run Bank of Maharashtra (BoM) today said it has renewed its corporate agency tie-up with United India Insurance Company (UIIC).
12 Oct 2016, 4.46 pm | Source: PTI
The Delhi-based state lender said the objective of the drive -- christened as 'PNB Pride' -- is to "ensure availability of housing and vehicle loan at attractive rates and ensure a house and a car for all government employees".
11 Oct 2016, 11.26 am | Source: PTI
Indian Bank's MD and CEO MK Jain met Chief Minister K Chandrasekhar Rao here today and expressed readiness to extend loans to the development programmes to be taken up by the government in Greater Hyderabad Municipal Corporation (...
10 Oct 2016, 7.52 pm | Source: PTI
State Bank of India (SBI) Chairperson Arundhati Bhattacharya has said that out of the 1.75 percent rate cut by the RBI since January 2015, it has already passed on up to 0.95 percent to the borrowers.
10 Oct 2016, 2.58 pm | Source: PTI
In an interview with CNBC-TV18, Arundhati Bhattacharya talked about her priorities during the remainder of her term, how much of the Reserve Bank's 1.75 percent rate cut SBI had passed on to customers and the bank's plan to sell n...
10 Oct 2016, 11.26 am | Source: CNBC-TV18
The OBC has reduced marginal cost of funds based lending rate (MCLR) by up to 0.15 percent, OBC said in a statement.
07 Oct 2016, 3.24 pm | Source: PTI
State-owned Canara Bank, Indian Bank and private sector Kotak Mahindra Bank today cut lending rates by up to 0.1 per cent, following the 0.25 per cent repo rate cut by the RBI.
06 Oct 2016, 10.22 pm | Source: PTI
"As far as my bank is concerned, we are looking at the opportunity to collaborate with payments and move forward," Padmanabhan, a former RBI executive director, said at a Payment Council of India event.
06 Oct 2016, 7.48 pm | Source: PTI
The board of the bank at its meeting has approved a proposal for issue of 7.17 crore shares of Rs 10 each to Life Insurance Corporation of India (LIC) on a preferential basis at a price to be determined in accordance with Sebi reg...
06 Oct 2016, 2.26 pm | Source: PTI
Bank of India said it has fixed marginal cost of funds based lending rate (MCLR) at 9-9.35 percent with effect from October 7.
06 Oct 2016, 7.44 am | Source: PTI
The bank has fixed the marginal cost of funds based lending rates with effect from October 7, 2016, it said in a regulatory filing.
05 Oct 2016, 8.58 pm | Source: PTI
As part of capital infusion into the public lender, the government's stake in UCO Bank would increase by more than 5 percent.
05 Oct 2016, 5.58 pm | Source: PTI
"We see the merger move of SBT-SBI as a serious issue. The state government has of the view that it is totally against the interest of Kerala," state Labour Minister T P Ramakrishnan said.
04 Oct 2016, 6.00 pm | Source: PTI