Axis Bank Q3 net grows 15% to Rs 2,175 crore
Total income of the bank rose to Rs 12,531 crore, from Rs 10,929 crore in the year-ago period.
Jan 20, 2016, 17:45 PM IST
China-backed AIIB to open for business in mid January
China-sponsored Asian Infrastructure Investment Bank (AIIB) in which India is a founder member along with other 56 countries will open in mid-January next year, an official has said.
Dec 03, 2015, 21:04 PM IST
Dena Bank to seek board approval to dilute govt stake
State-owned Dena Bank Tuesday said it will seek board approval on Thursday to dilute government stake up to 52 percent.
Dec 01, 2015, 20:13 PM IST
Raghuram Rajan expects banks to clean up bad loans by March 2017
Reserve Bank of India Governor Raghuram Rajan said on Tuesday he expects bad debt-burdened banks to clean up their balance sheets by March 2017, warning the central bank would monitor whether concessions made to lenders were being misused.
Dec 01, 2015, 20:04 PM IST
Credit, deposits growth decline in Q2: RBI
The growth rate of deposits and credit was 12.3 percent and 9.5 percent, respectively, in the same quarter last year.
Nov 26, 2015, 23:54 PM IST
Bank credit grows 9.54% to Rs 67,83,127 crore
Schedule commercial banks' credit increased by 9.54 percent to Rs 67,83,127 crore in the fortnight ended October 16, according to RBI data.
Oct 28, 2015, 22:58 PM IST
IDFC Bank goes live with 'soft launch' of 23 branches
IDFC Bank Thursday went live with a "soft launch" at 23 locations, including 15 branches in rural Madhya Pradesh, becoming the 91st scheduled commercial bank in the country.
Oct 01, 2015, 21:36 PM IST
ICICI Lombard in bancassurance tie-up with CSB
The company will able to offer general insurance solutions to the bank's customer base in Kerala, Tamil Nadu, Karnataka and Maharashtra.
Sep 03, 2015, 15:54 PM IST
Payments bank will bring millions unbanked into banking folds: Airtel
Bharti Airtel Wednesday said the payments bank licence will help in bringing millions of unbanked Indians into the folds of banking services.
Aug 19, 2015, 22:30 PM IST
Standard Chartered slashes dividend on profit slump
Asia-focused British bank Standard Chartered slashed dividends by 50 percent on Wednesday after profits plunged in the first half of the year, its first result under new leadership as it struggles to return to growth.
Aug 05, 2015, 17:38 PM IST
Bank stocks gain up to 9% ahead of RBI policy
Bank stocks were in demand Monday, surging up to 9 percent, ahead of RBI's policy review meeting tomorrow and on hopes of an interest rate cut.
Aug 03, 2015, 20:38 PM IST
Federal Bank stock slumps 7% as Q1 net drops
Shares of Federal Bank slumped nearly 7 percent today after it reported 35.8 percent fall in net profit for the first quarter of 2015-16.
Jul 20, 2015, 22:37 PM IST
Bank of Korea holds interest rate at record low
South Korea`s central bank left its benchmark interest rate unchanged at a record low of 1.5 percent Thursday, as officials monitor the economic fallout from an outbreak of the MERS virus.
Jul 09, 2015, 07:51 AM IST
Lack of new Greek proposals leaves eurozone leaders on edge
Greek Prime Minister Alexis Tsipras strode into a summit of eurozone leaders with a beaming smile Tuesday, but was met with anger when it became clear he had no written proposal on how to save his country from financial ruin.
Jul 08, 2015, 00:43 AM IST
Anti-austerity protests in Greece as bank shutdown bites
Tens of thousands of Greeks rallied on Monday to back their leftwing government`s rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system.
Jun 30, 2015, 05:50 AM IST
Greek banks shut until July 6, ATM withdrawal limit 60 euros a day: Govt
Greek banks will remain closed until July 6 -- the day after a referendum on bailout proposals -- and ATM withdrawals will be limited to 60 euros ($65) a day in the same period, according to an official decree published early Monday.
Jun 29, 2015, 07:16 AM IST
Alexis Tsipras announces capital controls, banks closed after run on ATMs
Greek banks and the Athens stock market will be closed on Monday and capital controls will be imposed, Prime Minister Alexis Tsipras announced, pleading for calm after anxious citizens emptied ATMs in a dramatic escalation of the country`s debt crisis.
Jun 29, 2015, 02:27 AM IST
Greece to shut banks, stock exchange on Monday as crisis deepens
Greek banks and the stock exchange will be shut on Monday after creditors refused to extend the country`s bailout and savers queued to withdraw cash, taking Athens` standoff with the European Union and the International Monetary Fund to a dangerous new level.
Jun 29, 2015, 00:35 AM IST
Bank credit, deposit fall steeply in March quarter: RBI
Bank credit grew at a slower rate of 9.8 percent and deposit growth rate slowed down to 10.7 percent in the March quarter, says RBI data.
Jun 22, 2015, 22:13 PM IST
Bangladesh's unbanked poor hail 'revolutionary' service
For Rehana Akhter, rebuilding her life after losing her leg in Bangladesh's worst industrial disaster is an uphill battle, but her struggle is eased slightly by digital technology.
Jun 21, 2015, 23:10 PM IST
