Mumbai, Nov 7
Standard & Poor's (S&P) ratings services assign 'BBB-' long-term and 'A-3' short-term counterparty credit ratings to Kotak Mahindra Bank. The outlook on the long-term rating is negative.
Mumbai, Nov. 6
While HDFC Bank and State Bank of India have hiked their base rates, most other banks are likely to keep their rates unchanged.
On Tuesday, HDFC Bank, India’s second large...
New Delhi, Nov 1
The Bimal Jalan panel, entrusted with scrutinising applications for new bank licences, held its first meeting here today. The four-hour long meeting of the high-level advisory committee (HL...
Mumbai, Oct. 29
Bankers were tight-lipped on the action that are likely to be taken on deposit and lending rates following the Reserve Bank of India upping the repo rate and paring the interest rate on th...
Kochi, Oct. 28
Kerala-based private lender Federal Bank, which recently received the Foreign Investment Promotion Board’s nod to raise foreign holding to 74 per cent, on Monday said it is not seeking any change...
Mangalore, Oct. 25
The asset quality of the banking sector is under stress mainly on account of subdued economy and negative sentiments of investors, according to P. Jayarama Bhat, Managing Director of Karnataka Ban...
Mumbai, Oct. 22
ICICI Bank, India’s largest private sector bank, is offering flat processing fees on home loan to its Non-Resident Indian (NRIs) customers for the festive season.
The bank will charg...
Kochi, Oct 19
NRI businessman M A Yusuffali has acquired 4.99 per cent share in Kerala—based Dhanlaxmi Bank after purchasing stakes in two other lenders in the state earlier this year.Yusuffali had earli...
October 15, 2013
HDFC Bank’s September quarter results had some not-so-good firsts — its net profit grew below 30 per cent in almost a decade and its loan growth underperformed the industry growth. At fi...
October 14, 2013
IndusInd Bank’s well-diversified loan portfolio, improving share of low-cost deposits and good asset quality continued to help it deliver healthy earnings. Post the Reserve Bank of India...
Mangalore, Nov. 7
Karnataka Bank has hiked interest rates on domestic term deposits by 25 basis points. The revised rates will be effective from November 7, said a press statement by the bank. Following a...
Mumbai, Nov 6
Old private sector lender Federal Bank will offer special savings account schemes on remittances for its domestic customers.
Celebrating savings carnival, the bank will offer gifts to cus...
Pune, Oct. 30
Telecom services provider Vodafone India in association with ICICI Bank has launched M-Pesa, its trademarked mobile money transfer and payment service in Maharashtra.
The service, which p...
Mumbai, Oct. 29
Investors in banking stocks were a happy lot on Tuesday with the BSE banking index rallying the highest to close at 12,831.06, up 534.42 points or 4.35 per cent. According to banking ana...
October 27, 2013
Indian banks can benefit in terms of customer interface by tying up with telecom and retail companies. »
New Delhi, Oct 23
The Australian Trade Commission (Austrade) and YES Bank on Wednesday entered into a memorandum of understanding (MoU) to explore avenues for mutually beneficial knowledge sharing in food processin...
New Delhi, Oct 22
Private sector YES Bank today reported a 21 per cent growth in net profit at Rs 371.13 crore for the second quarter ended September 30, 2013.The net profit stood at Rs 306.08 crore in the J...
October 17, 2013
Axis Bank delivered good earnings despite anticipation of cost pressures impacting profitability, following the Reserve Bank of India’s liquidity tightening measures in July.
The bank’s c...
Mumbai, Oct. 14
Kotak Mahindra Bank Managing Director Uday Kotak along with the bank’s operating management committee, including C. Jayaram and Dipak Gupta, are soon to get a swank new office address at Bandra Ku...
Mumbai, Oct. 10
After public sector banks, it is now the turn of private sector lenders to cut interest rates. Kotak Mahindra Bank cut interest rates on its retail loan products for the festival s...