Tuesday, March 31, 2015

We have completely redefined our business process: SBI MD Sriram

K Ram Kumar & Beena Parmar | Mumbai, March 30  

During Q3, we have recovered Rs. 602 cr against Rs. 360 cr in the same quarter last year »

RBI eases norms for bad loans provisioning

Our Bureau | Mumbai, March 30  

No major impact, but will bring some relief »

ICICI Bank repatriates capital from UK, Canadian arms

Our Bureau | Mumbai, March 30  

ICICI Bank has commenced efforts to repatriate capital from its overseas banking subsidiaries (UK and Canada) in order to optimise capital for the ICICI Group and improve its return on equi... »

NBFCs asked to give public notice prior to merger and acquisition deals

Our Bureau | Mumbai, March 30  

Non-banking financial companies will need to give 30 days prior public notice before making any acquisition or takeover in addition to taking the RBI’s permission, according to the central... »

Max Life Insurance ties up with Lakshmi Vilas Bank

Our Bureau | New Delhi, March 30  

Max Life Insurance and Lakshmi Vilas Bank (LVB) have entered into a five-year strategic alliance for distribution of the former’s products through 400 branches of the private sector bank. U... »

ICICI, HDFC Bank cut bulk deposit rates by up to 25 bps

Our Bureau | Mumbai, March 30  

Top private lenders ICICI Bank and HDFC Bank have cut deposit rates by up to 0.25 per cent (25 basis points) on high value fixed deposit on select maturities, a move cited as a precursor to... »

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