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  • Indian Bank revises interest rates Mar 02, 2014 06:39 PM IST

    Indian Bank revises interest rates

    Interest rates on term deposits of three years and above but less than four years have been marginally reduced to 3.82 percent from the current 3.83 percent

  • Gross NPAs of 40 banks rises 36.9% to Rs 2.22 lakh crore Feb 11, 2014 08:13 PM IST

    Gross NPAs of 40 banks rises 36.9% to Rs 2.22 lakh crore

    The gross NPAs of 40 listed banks advanced 36.9 percent to Rs 2.22 lakh crore in September 2013 from Rs 1.62 lakh crore Y-o-Y, Parliament was informed.

  • Indian Bank revises interest rates Feb 04, 2014 03:18 PM IST

    Indian Bank revises interest rates

    For FCNR(B) deposits, in USD terms, the revised interest rate has been fixed at 2.57 percent as against 2.58 percent for deposits of one year and above but less than two years, Chennai-headquartered Indian Bank said in a statement.

  • Sensex makes record closing high, Nifty tests 6350; L&T up Jan 23, 2014 02:34 PM IST

    Sensex makes record closing high, Nifty tests 6350; L&T up

    Mahindra and Mahindra plunged 2.6 percent post 18 percent degrowth in profits of its subsidiary Mahindra & Mahindra Financial services. M&M holds 51.2 percent stake in subisidiary M&M Financial Services that lost 6 percent.

  • Stocks in news: Raymond, Biocon, L&T, MCX, Cairn India Jan 23, 2014 08:29 AM IST

    Stocks in news: Raymond, Biocon, L&T, MCX, Cairn India

    Raymond | Biocon | KPIT Technologies | L&T | MCX | Cairn India | Indian Bank | L&T Finance Holdings and Mastek are stocks, which are in the news today.

  • Stocks in news: PTC India, Wipro, Reliance, TCS, Rel Media Jan 20, 2014 08:27 AM IST

    Stocks in news: PTC India, Wipro, Reliance, TCS, Rel Media

    PTC India | Wipro | Reliance Industries | NTPC | TCS | Reliance Mediaworks | Reliance Communications | Era Infra Engineering | Sasken Communications | Hindustan Zinc | Bank of Baroda | M&M | Aurobindo Pharma | Biocon | Indoco Remedies and JSW Holdings are stocks, which are in the news today.

  • Stocks in news: Tata Teleservices, UCO Bank, ONGC, Claris Jan 03, 2014 08:25 AM IST

    Stocks in news: Tata Teleservices, UCO Bank, ONGC, Claris

    Tata Teleservices | UCO Bank | ONGC | Arvind | Claris Lifesciences | Karur Vysya Bank | Lakshmi Vilas Bank | Uttam Galva Steel | HCC | State Bank of India | Tata Motors | TVS Motor | Hero Motocorp | Vijaya Bank and Indian Bank are stocks, which are in the news today.

  • Cabinet okays conversion of pref shrs to equity in 3 banks Jan 02, 2014 08:55 PM IST

    Cabinet okays conversion of pref shrs to equity in 3 banks

    The Cabinet gave its approval for conversion in Indian Bank, UCO Bank and Vijaya Bank amounting to Rs 400 crore, Rs 1,823 crore and Rs 1,200 crore respectively into equity shares of these banks in favour of government, subject to approval of shareholders and also Securities and Exchange Board of India (SEBI) and other authorities, he said.

  • 6 banking stocks you should pick for next 3 months:Microsec Dec 02, 2013 03:16 PM IST

    6 banking stocks you should pick for next 3 months:Microsec

    "Taking into consideration various valuation and fundamental parameters, coupled with quarterly performances (Q2FY14), our top picks for three months in the Banking space are State Bank of India (SBI), Axis Bank, ICICI Bank, Kotak Mahindra Bank, Syndicate Bank and Indian Bank, says Microsec.

  • Nifty may trade range-bound between 6280-6370: Magnum Nov 05, 2013 09:42 AM IST

    Nifty may trade range-bound between 6280-6370: Magnum

    According to Magnum Equity Broking, Nifty is expected to trade range-bound between 6370 and 6280 with some positive baisness.

  • See flat to negative opening: Ventura Securities Nov 05, 2013 09:12 AM IST

    See flat to negative opening: Ventura Securities

    According to Ventura Securities, market to open on a flat to negative note on the back of mixed global cues.

  • SBI, PNB, BoB lose 3% on Fitch, Moody's downgrade Sep 24, 2013 10:22 AM IST

    SBI, PNB, BoB lose 3% on Fitch, Moody's downgrade

    A day after banking stocks took it on the chin due to 25 basis points repo rate hike by RBI, rating agency Moody's downgraded State Bank of India's -- India's largest lender -- unsecured debt and rupee deposits to Baa3 from Baa2, citing asset quality and recapitalisation concerns.

  • Stocks in news: Videocon, Unitech, MTNL, Indian Bank, PNB Sep 24, 2013 08:29 AM IST

    Stocks in news: Videocon, Unitech, MTNL, Indian Bank, PNB

    Videocon Industries | Unitech | Moser Baer | Financial Technologies | MTNL | MCX | SBI | PNB | Indian Bank | Canara Bank | IDBI Bank | Axis Bank | ICICI Bank and Bank of Baroda are stocks, which are in the news today.

  • Fitch takes rating action on Indian banks Sep 23, 2013 06:17 PM IST

    Fitch takes rating action on Indian banks

    The rating actions follows a review of the Indian banking sector against the backdrop of sharp deceleration in economic growth and Fitch's expectation of a further deterioration in asset quality.

  • Cobrapost effect: RBI penalizes six more banks Aug 23, 2013 10:06 PM IST

    Cobrapost effect: RBI penalizes six more banks

    The Reserve Bank of India (RBI) on Friday imposed penalty of Rs 50 lakh to 2 crore on six more state-owned banks for violation of Know Your Customer (KYC) and anti-money laundering (ALM) norms. Those public sector lenders included Allahabad Bank, Bank of Maharashtra, Corporation Bank, Dena Bank, IDBI Bank, and Indian Bank.

  • Banks to 'name and shame' guarantors of loan defaulters Jul 09, 2013 03:27 PM IST

    Banks to 'name and shame' guarantors of loan defaulters

    Banks, mostly public sector lenders, began publishing pictures of wilful loan defaulters in newspapers and at other places around the areas of residence of such borrowers earlier this year to induce them to pay up.

  • SBI objects to Paramount's revival plan over dues Jun 21, 2013 04:13 PM IST

    SBI objects to Paramount's revival plan over dues

    State Bank has written to aviation regulator DGCA expressing concern over the grounded Paramount Airways‘ plans to re-launch the carrier, saying it has been in default for long.

  • Higher provisioning dragged PSBs profitability: Microsec Jun 12, 2013 05:03 PM IST

    Higher provisioning dragged PSBs profitability: Microsec

    Microsec has come out with its report on "BFSI quarterly performance analysis (Q4FY13)". The research firm believes the Housing and Automobile finance NBFCs themselves may see revival if interest rates decline further. However, with an expectation of economic recovery is in near term, NBFCs are all set for a strong growth in the coming years.

  • Coal India, IDFC, M&M Finance top buys: Tata MF May 15, 2013 12:21 PM IST

    Coal India, IDFC, M&M Finance top buys: Tata MF

    In April 2013 Tata Mutual Fund has increased its weightage in automotive, banking & financial services and oil & gas space. In the automotive segment, the fund purchased Maruti Suzuki India, WABCO India, M&M and introduced Motherson Sumi Systems.

  • Why Cobrapost expose was a non-event for bank stocks May 06, 2013 03:58 PM IST

    Why Cobrapost expose was a non-event for bank stocks

    The shrill Cobrapost bite, this time mostly on large state-owned banks and insurance companies, failed to upset the market confidence on banking shares. The latest sting operation turned out to be a non-event that did not lead to panic-selling by investors on Monday. Bank Nifty was flat to close the day's trading at 12,396.

  • Banks, insurers in cahoots for money laundering: Cobrapost May 06, 2013 12:22 PM IST

    Banks, insurers in cahoots for money laundering: Cobrapost

    Whenever Cobrapost went about proposing to bankers, public or private, to invest our black money in insurance, they immediately called the managers of their insurance associates on phone, making it amply clear that banks and insurance companies are hand in glove

  • Here's how banks, insurers help clients launder black money May 06, 2013 10:55 AM IST

    Here's how banks, insurers help clients launder black money

    Banks are accepting huge amounts of unaccounted cash to invest it in insurance products, and sometimes in gold as well. Forged PAN cards are being arranged to facilitate investment of huge unaccounted cash.

  • SBI, LIC, pvt insurers part of money laundering: Cobrapost May 06, 2013 10:36 AM IST

    SBI, LIC, pvt insurers part of money laundering: Cobrapost

    Life Insurance Corporation, State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Tata AIG, Dhanlaxmi Bank, Indian Bank, IDBI Bank, Yes Bank, Federal Bank, Reliance Capital, Birla Sunlife are among those named by Cobrapost in the money laundering scam.

  • Indian Bank revises FCNR (B) deposit interest rates May 02, 2013 07:39 PM IST

    Indian Bank revises FCNR (B) deposit interest rates

    Indian Bank has revised its interest rates on foreign currency non-resident (banking) term deposits with immediate effect.

  • Expect banks NIM to remain stable in Q4: Kotak Securities Apr 16, 2013 04:46 PM IST

    Expect banks NIM to remain stable in Q4: Kotak Securities

    Kotak Securities has come with its March`13 quarterly earning estimates for banking & NBFCS sector. The research firm expects fresh slippages to remain stable QoQ with positive bias for banks under their coverage.

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