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Indiabulls, Dewan beat bigger housing finance companies in Q1

Indiabulls net grew 21 per cent while Dewan recorded a 22 per cent jump in profit
The pace of growth set by the country’s largest standalone housing finance company, HDFC, has be... »

IRDA slaps Rs 5 lakh penalty on Sahara India Life Insurance

The Insurance Regulatory and Development Authority (IRDA) has imposed Rs 5 lakh penalty... »

Rising bad loans drag down M&M FinServ Q1 net 19%

Performance impacted by lower collection efficiency
Mahindra and Mahindra Financial Services Limited (MMFSL) said that its first quarter net profit... »

Trouble at StanChart?

According to reports, some large investors were gunning for changes in top leadership positions.
Bank under pressure to rejig top leadership on falling share price, profit warnings
Banking giant Standard Chartered today scotched speculation about imminent changes in its top le... »

SKS Microfinance Q1 net up at Rs 49 cr

SKS Microfinance Ltd’s net profit increased in the first quarter ended June 30, 2014 at... »

Banking

IRDA Chairman expects insurance cos to get listed

Welcoming the hike in foreign holdings in the insurance sector, IRDA (Insurance Regulatory and D... »

Banking

Federal Bank launches special car loan scheme for women

Kerala-based Federal Bank on Thursday launched a special car loan scheme offering concessions on... »

Banking

Conservative lending, stable interest rates help check loan defaults: Report

Conservative underwriting standards are crucial to the performance of mortgage loans, as per Ind... »

Banking

Karnataka Bank ties up with VST Tillers for purchase of farm machinery

Karnataka Bank Ltd has entered into a memorandum of understanding (MoU) with VST Tillers Tractor... »

Banking

ICICI Bank launches 'ProCircle' for NRIs

ICICI Bank, India's largest private sector bank, has launched ‘ProCircle’, a special privilege p... »

Banking

Muthoot Fincorp welcomes draft norms for licensing of payments, small banks

Muthoot Fincorp Ltd, the flagship company of the Muthoot Pappachan Group, has welcomed the RBI’s... »

IRDA Chairman expects insurance cos to get listed

Welcoming the hike in foreign holdings in the insurance sector, IRDA (Insurance Regulatory and Development Authority) Chairman T S Vijayan on Thursday expressed the hope that the move would finall... »

Muthoot Fincorp welcomes draft norms for licensing of payments, small banks

Muthoot Fincorp Ltd, the flagship company of the Muthoot Pappachan Group, has welcomed the RBI’s draft guidelines for licensing of payments and small banks. Thomas John Muthoot, Chairman... »

ICICI Bank launches 'ProCircle' for NRIs

ICICI Bank, India's largest private sector bank, has launched ‘ProCircle’, a special privilege programme for the US-based users of its online money transfer tracking service Money2India ... »

Conservative lending, stable interest rates help check loan defaults: Report

Conservative underwriting standards are crucial to the performance of mortgage loans, as per India Ratings & Research. Moreover, a hike in interest rates beyond a certain threshold leads to ac... »

RBI working on an exit route for businesses facing bankruptcy

The Reserve Bank of India is working on norms to enable entrepreneurs exit insolvent businesses. India does not have a good bankruptcy code like Chapter 11 in the US. According to RBI Ex... »

Big Daddy banks will need to bulk up capital

The Reserve Bank of India’s proposed framework for domestic systemically important banks (D-SIB) may require the government to loosen its purse strings significantly to help public sector banks... »

Commercial vehicle lenders bank on pick up in infra, mining sectors

Non-banking finance companies and banks active in the commercial vehicle (CV) segment are betting on improvement in mining activity and infrastructure projects to make up for any loss aris... »

Santanu Mukherjee, new MD of State Bank of Hyderabad

Santanu Mukherjee has been appointed the Managing Director of State Bank of Hyderabad (SBH).  Mukherjee joined State Bank of Hyderabad as a Probationary Officer and served the Bank i... »

United Bank to raise Rs 300 cr by selling shares to LIC

State-owned United Bank of India plans to raise Rs 300 crore by selling shares on a preferential basis to Life Insurance Corporation (LIC) soon. “We are waiting for the Government approva... »

IBPS notifies common written exam for probationary officers

Here is good news for bank-job aspirants. The Institute of Banking Personal Selection (IBPS) has notified the common written exam for probationary officers/management trainees (CWE PO/MT-... »

RBI eases norms for loans against gold

Maximum customer grievances against SBI: ombudsman

India to propose setting up of South Asian Development Bank

Axis Bank delivers on loan growth, slips on asset quality

SBI to dazzle the well-heeled with upscale branches

RBI issue norms on domestic systemically important banks

For Axis Bank, lower provisioning, deposit growth lift Q1 profit 18%

HDFC denies merger buzz

Karnataka Bank ties up with VST Tillers for purchase of farm machinery

Karnataka Bank Ltd has entered into a memorandum of understanding (MoU) with VST Tillers Tractors Ltd for financing the purchase of tractors, tillers and farm machinery. A press statement... »

Federal Bank launches special car loan scheme for women

Kerala-based Federal Bank on Thursday launched a special car loan scheme offering concessions on interest rates on loans for women known as ‘SHE CAR’ on Thursday. Under this scheme, women... »

Dewan Housing Q1 net up 22%

Dewan Housing Finance Ltd said that it has posted a 22 per cent increase in its first quarter net profit helped by a growth in its loan book. In the April to June period, the company post... »

10-year bond yield may move to 8 - 8.25% says BoAML Economist

The 10 year G-Sec yield could move towards 8-8.25% by March 2015 from about 8.7% now on the back of some measures taken by the Reserve Bank of India, yesterday, said Bank of America Merill Lynch E... »

L&T Finance Q1 net up 15%

Non-banking finance company L&T Finance posted a 15 per cent growth in its first quarter net profit, helped by higher margins in its retail business and stable credit and operating costs. <... »

GIC Housing Finance posts ₹25-cr Q1 profit

The housing finance arm of re-insurer General Insurance Corp – GIC Housing Finance Limited – posted a net profit of ₹25 crore for the quarter ended June 30, 2014 compared to ₹24 crore, a ye... »

FII investment sub-limit in G-secs raised by $5 b

The RBI today said the FII limit for investment in government securities has been increased by $5 billion within the total cap of $30 billion.The central bank said the limit has been enhance... »

Arijit Basu to assume charge as SBI Life MD & CEO

Arijit Basu, currently the Deputy Managing Director of State Bank of India, will take over as the Managing Director and Chief Executive Officer of SBI Life Insurance in August. Basu will... »

YES Bank profit rises 10% in Q1 as provisioning declines

YES Bank posted a 10 per cent rise in net profit at ₹440 crore in the first quarter ended June 30, 2014 as against ₹401 crore in the year ago period on the back of stable interest income and loan... »

IRDA to crack down on vehicles plying without insurance

With an eye on reducing the large number of uninsured vehicles in the country, the insurance regulator has started a pilot initiative in Cyberabad, Telangana, to strictly enforce the provisions of... »

RBI unveils tighter regulatory norms for ‘too-big-to-fail’ banks

Draft rules on pension fund, trusts issued

Education loan credit fund yet to start operations

Draft rules for MSME trade exchange

‘Corp Excel’ branch launched

ING Vysya Bank Q1 net drops 18% on higher provisions

RBS appoints Brijesh Mehra as Country Executive for India

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