Money & Banking

Mumbai-headquartered Saraswat Co-operative Bank has zeroed in on an urban co-operative bank (UCB) in Karnataka for a possible takeover. Mr E.K.

Andhra Bank's net profit has increased 30.42 per cent at Rs 313 crore in the fourth quarter ended March 31, 2011, compared with Rs 240 crore in the ...

Canara Bank is hopeful of maintaining its net interest margin (NIM) at about 3 per cent during the current fiscal, despite pressure from interest rate ...

Kotak Mahindra Bank posted a net profit of Rs 249 crore for the quarter ended March 31, 2010, up 23 per cent from Rs 203 crore in the corresponding ...

Aided by a 23.5 per cent growth in net interest income, Canara Bank posted a 78.7 per cent growth in net profit to Rs 899 crore during the fourth ...

ICICI Bank announced the inauguration of its new branch at Vytilla, Eranakulam. The branch is located at Parekattil Towers, Opp. Welcare Hospital and ...

To further penetrate into the SME segment across Kerala, Bharti AXA General Insurance Company Ltd has launched packaged policies targeting ...

The State Bank of Hyderabad (SBH) is selling gold coins at all its branches in Visakhapatnam, Vizianagaram and Srikakulam towns, according to Mr D.

Andhra Bank on Thursday said its net profit jumped by 30.18 per cent to Rs 312.78 crore in the fourth quarter ended March 31, 2011. The lender had a ...

Canara Bank on Thursday posted a growth of 78.67 per cent in its net profit at Rs 898.90 crore for the fourth quarter ended March 31, 2011, as against ...

Indian Bank on Thursday raised its lending rates by 50 basis points, within days of the Reserve Bank announcing an increase in its short—term lending ...

Credit offtake from banks grew by over 22 per cent for the one year period ended April 22, 2011, to over Rs 40 lakh crore, indicating an upswing in ...

Canara Bank has revised its BPLR upward by 50 bps from 13.75 per cent to 14.25 per cent with effect from Thursday. It has also revised its base rate ...

The rupee dropped by 13 paise to 44.60 against the US dollar today on fresh dollar demand from banks and corporates amid dollar firmness overseas. At ...

The rupee weakened by 8 paise to Rs 44.56 against the US dollar in early trade on the Interbank Foreign Exchange on Thursday, in line with weakness in ...

Banks have started passing on the Tuesday's hikes in the repo rates and the savings bank deposit rate by the Reserve Bank of India. Banks are raising ...

Achieved mainly by cutting exposure in group health insurance by 80%

But for a Rs 900-crore charge on profits on account of higher provisioning for wages, pension, gratuity and ‘motor pool losses', public sector ...

Standard Chartered's headcount fell by around 800 in the first quarter as the Asia-focused bank reasserted its intention to keep a lid on costs in the ...

A sharp jump in the provision for employee benefits (gratuity and second option for pension) has impacted Punjab National Bank's fourth quarter ...

Real estate developers are expecting the new credit policy to substantially impact the demand from the mid-income group. This group contributes to 85 ...

Axis Bank has opened its first premium banking branch in Bangalore. This is the bank's eighth premium banking branch in the country. The branch will ...

LIC Housing Finance has launched a new floating rate scheme under which it will offer home loans at 300-385 basis points below its prime lending rate ...

UCO Bank on Wednesday said it is eyeing 20 per cent growth in its business and a reduction in its non-performing assets (NPAs) to less than 3 per cent ...