GS Sandhu, Financial Services Secretary
GS Sandhu, Financial Services Secretary

SBI Caps to prepare report on recapitalisation, merger of banks

Govt stake reduction in SBI, nationalised banks will take place in tranches: FinMin
SBI Caps (the investment banking arm of State Bank of India) has been asked by the Finance M... »

Union Bank Q1 net profit up 19% at Rs 664 cr

Union Bank of India has reported a 19 per cent increase in net profit at Rs 664 crore in the fir... »

KVB posts marginal rise in Q1 net profit

Karur Vysya Bank has reported a marginal increase in its net profit in Q1 of Rs 122.07 crore aga... »

'IDFC Bank's initial strategy will be to focus on high end customers'

Rajiv Lall, Executive Chairman, IDFC Ltd
Rajiv Lall, Executive Chairman, IDFC Ltd, has his task cut out. The specialised infrastructur... »

New India Assurance profit up 19%

Public sector general insurer New India Assurance has posted a 19 per cent increase in net pr... »

SBH unveils salary accounts campaign

State Bank of Hyderabad (SBH) has launched `SBH Smart Salary’ (SSS) campaign for the salaried class from Friday. The campaign, to be in force till October 31, 2014, would offer... »

Reins in restructured loans

ICICI Bank’s net profit grew 17 per cent in the June quarter, on the back of an 18 per cent growth in net interest income. The bank continues to score well on the retail front with 26 per cent... »

World Bank deliberates on new draft rules

The World Bank, which has landed in a controversy over a new draft of its safeguard policies, held a meeting to deliberate on the proposed changes on Wednesday in Washington, US. The Comm... »

Higher interest, non-interest income lift ICICI Bank net profit 17% in first quarter

India’s largest private sector bank, ICICI Bank, has posted a 17 per cent growth in its first quarter net profit helped by a higher interest and non-interest income. In the quarter ended... »

Merger with SBI will create a strong bank, says State Bank of Patiala MD

SA RAMESH RANGAN, MD, State Bank of Patiala

Bank consolidation is once again in focus and there are strong indications that State Bank of Patiala could be the first one to be merged with its parent, the State Bank of India (SBI). In an... »

Call rates fall, bond yields rise

The inter-bank call money rate, the rate at which banks borrow short-term funds from one another to tide over liquidity mismatches, ended lower at 7 per cent against the previous clos... »

IOB to raise $500 m overseas

Indian Overseas Bank will raise $500 million via medium-term notes (MTN) as there is appetite for such issuances in the overseas financial markets, said M Narendra, Chairman and Managing Direct... »

World Bank reviewing rules to protect environment

The World Bank is set to revise its safeguard policies for lending, which, if implemented, will ensure that the projects that the Bank is funding follow norms to protect environment and vulner... »

Max Bupa launches `Heartbeat’ insurance plan

Health insurer Max Bupa today announced introduction of a plan which comes with cashless treatment abroad for major critical illnesses.The new edition of heartbeat health insurance plan offe... »

Edelweiss Tokio MD: Our focus is growing the distribution base

Deepak Mittal, Managing Director and Chief Executive officer Photo: Shashi Ashiwal Despite being a new entrant, Edelweiss Tokio Life insurance is cautious on expansion and opening branches, says Deepak Mittal, Managing Director and Chief Executive officer. Mittal feels that n... »  

Rajiv Lall to be IDFC Bank MD

Failure to repay an education loan may cost you dearly

SBI adopts village in Raichur

IDFC Bank to start with a ‘strong balance sheet’

India’s outward investments in manufacturing decline: Exim Bank study

SBI Life net rises 14% in first quarter

Banks may raise lending rates to firms with un-hedged forex exposure

United Bank raises Rs 300 cr by selling shares to LIC

RBI cautions public on fake calls, e-mails and sms asking for personal info

With new methods of fraud coming to light, the Reserve Bank of India has once again cautioned members of public that it does not call or send sms or e-mails to individuals about lottery prizes, tr... »

Govt’s Financial Inclusion Mission to cover every household in all areas

Taking a step ahead of the UPA Government’s scheme to cover un-banked rural households, the Narendra Modi Government’s new Financial Inclusion Mission will cover urban households, too. The Prim... »

Syndicate Bank net up 7% in Q1

Syndicate Bank has reported a 7 per cent increase in net profit for the quarter ended June 30 at Rs 485 crore (Rs 452 crore). Total income for the quarter under review increased 17 per ce... »

Mundra appointed RBI Dy Governor

The Government has appointed SS Mundra, currently Chairman & Managing Director of Bank of Baroda, as Deputy Governor of Reserve Bank of India. The fourth Deputy Governor's position ha... »

Rupee strengthens to 60.03

The rupee gained 11 paise to end higher at 60.03 to a dollar against the previous close of 60.14 amid flows into the domestic equity market and fresh dollar selling by exporte... »

First Leasing to act on forensic audit

First Leasing Company of India Ltd informed the BSE on Wednesday that its board of directors, at its meeting held on July 28, took on record the forensic audit report submitted by RK Raghavan, for... »

Top public sector banks shed bulk deposits last fiscal

Bulk deposits, that is, those above ₹1 crore, are a significant resource for banks, often constituting  10-30 per cent of the total deposit base. Public sector banks compete with each o... »

New chairman for APGVB

 V Narsi Reddy, Deputy General Manager, State Bank of India has been appointed Chairman of Andhra Pradesh Grameena Vikas Bank (APGVB), Warangal. Narsi Reddy joined SBI as probationar... »

Karnataka Bank net rises 29% in Q1

Karnataka Bank registered a net profit of ₹121.63 crore in the first quarter of 2014-15 as against ₹94.17 crore in the corresponding period of the previous fiscal, recording a growth of 29.16 per... »

Kerala Financial Corp declares 5% dividend

Kerala Financial Corporation (KFC) has declared a dividend of five per cent for the year 2013-14 on a profit of ₹41.34 crore. This was taken on record at the annual general meeting of t... »

Bank of India Q1 net dips 16% on higher bad loan provisioning

SBT awards student scholarships

Sundaram Finance net up 5% in Q1

Shriram City Union Q1 net up 8.8% to Rs 127.72 cr

IDFC reports 14% drop in net profit

BoB builds on growth momentum, improves loan quality

IOB net more than doubles in Q1


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