January 30, 2014
ICICI Bank’s 13 per cent year-on-year growth in net profit in the December quarter was aided by a robust 22 per cent rise in its net interest income. The bank also grew its high-yielding retail lo...
Coimbatore, January 29
Karur Vysya Bank’s net profit dipped 5.5 per cent during the third quarter to ₹106.82 crore against ₹113.04 crore during the corresponding quarter of the previous fiscal. The bank’s net...
Coimbatore, Jan. 21
Hold your breath shareholders! Tamilnad Mercantile Bank (TMB) has declared an interim dividend of 9,000 per cent. Yes, you read it right. That’s actually Rs 900 per share...
Kochi, Jan 18
Federal Bank plans to recruit about 3,000 employees and add 300 branches in the next three years, a top official today said.The bank presently has about 10,126 employees on its rolls.»
Mumbai, Jan. 15
As a bank keeps getting bigger, an acquisition to have relevance should be bigger: Chanda Kochhar
January 11, 2014
YES Bank (Rs 342.9): The immediate outlook for the stock is neutral, with a negative bias. The stock is likely to move in the Rs 270-Rs 385 range in the medium term. It finds immediate supp...
Mumbai, Jan. 8
The return of capital will provide ICICI Bank the opportunity to optimise capital deployment and improve its return on equity.
Coimbatore, Jan. 6
Tamilnad Mercantile Bank has started the process of finding a new Managing Director and Chief Executive in view of the incumbent K.B. Nagendramurthy’s approaching retirement in June.»
Kochi, Jan. 2
V.G. Mathew, a former Chief General Manager of State Bank of India, joined South Indian Bank as Executive Vice-President on Thursday. He has 35 years of banking experience, especially in...
New Delhi, Dec 24
The Foreign Investment Promotion Board (FIPB) will consider on December 30 a proposal by HDFC Bank for raising foreign investment holding limit beyond the existing 49 per cent in the bank.E...
Mumbai, January 29
The Finance Ministry has said that private sector banks too will have to sell insurance policies of multiple insurers only through the broking route.The Ministry had earlier asked al...
New Delhi, January 29
Punjab & Sind Bank has reported a 35 per cent increase in net profit to ₹100 crore for the quarter ended December 31, 2013, against ₹74 crore in the same quarter last fiscal. For the...
New Delhi, Jan 20
The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of Federal Bank for increase in foreign investment up to 74 per cent.This nod is, however, subject to the conditio...
Kochi, Jan 17
Federal Bank on Thursday reported a net profit of Rs 230 core in the third quarter of the current fiscal, a 9 per cent growth over the corresponding quarter of the previous year.
In a con...
Mumbai, Jan. 12
Always believed the banking industry can grow at 2.5 times the GDP growth rate: Chanda Kochhar
Mumbai, Jan. 10
Payment banks can be created by converting the existing pre-paid instrument (PPI) providers into banks, according to Nachiket Mor, Chairman of the RBI-appointed financial inclusion committe...
Mumbai, Jan 8
Axis Bank on Wednesday said it has opened a branch in Shanghai after receiving permission from the China Banking Regulatory Commission.With this, Axis Bank has become the first domestic pri...
Coimbatore, Jan. 4
Karur Vysya Bank plans to increase the FIIs (Foreign Institutional Investors) stake in the bank from the current 25 per cent to 40 per cent.It has passed a resolution to this effect,...
Mumbai, Jan. 1
Whether subject to search in past 5 years tops 6 issues on which info is being sought
Mumbai, Dec 19
Infrastructure finance company, IDFC’s board approved a postal ballot process to seek an enabling resolution from shareholders to keep reducing the foreign shareholding in the company to below 50...