DoD starts process for selecting bankers for NHPC stake sale
The Disinvestment Department will soon appoint three merchant bankers for selling 11.36 percent stake sale in NHPC that could fetch about Rs 3,000 crore to the exchequer.
Jul 21, 2014, 21:13 PM IST
BoM seeks Rs 1,000 cr from govt in FY15
The Bank of Maharashtra has sought Rs 1,000 crore capital infusion from the government and may hit the market next year to meet its fund requirement.
Jul 21, 2014, 17:15 PM IST
South Indian Bank Q1 Net up 10.28% at Rs 126 crore
Kerala-headquartered South Indian Bank has recorded the highest first quarter profit of Rs 126.65 crore profit in the first quarter ended June 30, registering a 10.28 percent growth on a year-on-year basis.
Jul 16, 2014, 18:40 PM IST
BRICS bank to get going in 2 yrs; India to head for 6 yrs
India's presidency will be followed by Brazil and Russia who will have five years term each under an agreement reached after intense negotiations among the five country-grouping BRICS -Brazil, Russia, India, China and South Africa.
Jul 16, 2014, 18:31 PM IST
KFA dues: Service Tax Dept seeks its share from banks' pie
Unable to recover over Rs 50 crore dues from Kingfisher Airlines, the services tax department has moved courts to get a share from sale of securities being undertaken by lenders.
Jul 15, 2014, 20:06 PM IST
Govt rejects Nayak panel view of cutting govt stake below 50%
The government Monday said it has rejected P J Nayak committee recommendations of lowering government holding in banks below 50 percent even as it is considering other suggestion on providing greater autonomy.
Jul 14, 2014, 22:03 PM IST
BRICS bank to defy Western clout in global finances
Leaders of the BRICS emerging market nations meet next week to launch a development bank and emergency reserves fund, an ambitious challenge to Western-run multilaterals that have shaped global finances since the end of World War Two.
Jul 12, 2014, 00:07 AM IST
Credit growth overtakes bank deposits; grows at 13.3%
While total credit stood at Rs 54,04,562 crore in the same period last year, bank deposits stood at Rs 70,72,139 crore in the corresponding period last year.
Jul 09, 2014, 20:36 PM IST
Economic Survey 2013-14: Growth of NPAs is a cause for concern
The four-fold rise in bad loans over the past two years, mainly of public sector banks is a matter of concern and steps are being taken to improve the situation, the Economic Survey said.
Jul 09, 2014, 15:46 PM IST
Rupee rebounds 23 paise Vs US dollar to end at 59.78
In contrast to falling equities, the rupee on Tuesday recovered 23 paise to end at 59.78 against the dollar after exporters and some banks sold the US currency.
Jul 08, 2014, 19:32 PM IST
ICICI will acquire a bank of right size and valuation: Kochhar
ICICI Bank will look at acquiring a bank if it finds one with the right size and right valuation, but is yet to find a takeover target that fits in its evaluation model, the bank chief Chanda Kochhar said.
Jul 07, 2014, 14:16 PM IST
Dena Bank seeks Rs 1,200 cr fresh capital from govt
State-run lender Dena Bank has sought Rs 1,200 crore capital infusion from government in the current fiscal, a top bank official has said.
Jul 06, 2014, 18:07 PM IST
External debt up over 7% on higher non-resident deposits
Higher non-resident deposits led to a rise of 7.6 percent in India's external debt at USD 440.6 billion for the financial year ended March 31.
Jun 30, 2014, 22:19 PM IST
Indian Bank declares 47% dividend for 2013-14
Shareholders of public sector Indian Bank have approved final dividend of 47 percent for the year ending March 31, 2014.
Jun 30, 2014, 18:08 PM IST
Axis Bank elevates Sanjeev Gupta as Executive Director
Axis Bank on Friday said it has elevated Sanjeev Kumar Gupta as Executive Director with effect from September 1, a position where he will look after key corporate functions of the lender.
Jun 27, 2014, 20:02 PM IST
RBI allows NBFCs to work as business correspondents for banks
The Reserve Bank of India Tuesday permitted non-banking finance companies to act as business correspondents (BCs) of banks, allowing them to offer limited services with the aim of spreading financial inclusion.
Jun 24, 2014, 19:58 PM IST
PNB drops plan to enter Canadian market
State-run Punjab National Bank (PNB) has dropped plans of entering the Canadian market as regulatory clearances were taking a long time.
Jun 22, 2014, 19:32 PM IST
Bharatiya Mahila Bank targets Rs 1,800 cr biz this fiscal
Bharatiya Mahila Bank (BMB), incorporated under the Companies Act last fiscal to extend banking services especially to women, is targetting at a business of Rs 1,800 crore this fiscal.
Jun 15, 2014, 19:08 PM IST
