Job cut to have minimum impact on India: HSBC
Even though British lender HSBC Tuesday announced a mega plan to improve performance by culling up to 25,000 jobs globally, the impact of the global exercise is expected to be minimal for its operations here and some surprise benefits may also come in.
Jun 09, 2015, 20:14 PM IST
Dutch ING selling majority stake in NN Group
Top Dutch bank ING announced Tuesday it was selling 45 million ordinary shares in NN Group, thereby relinquishing its majority stake in the giant insurer.
May 26, 2015, 23:30 PM IST
IDBI reports 5% increase in Q4 net profit
State-run IDBI Bank Tuesday reported a 5 percent jump in its net profit at Rs 546 crore in the quater ended March 31, against Rs 518 crore in the corresponding period last year, on the back of growth in its overall business.
May 26, 2015, 21:56 PM IST
Japan, China may discuss AIIB during finance talks June 6
Japanese and Chinese finance officials will hold talks on June 6 in Beijing to discuss ways to promote cooperation between the two countries and may exchange views on the China-led Asian Infrastructure Investment Bank (AIIB), Japanese officials said.
May 21, 2015, 09:43 AM IST
RBI does away with calendar of reviews for boards of banks
The RBI has done away with the mandatory calendar of reviews for boards of banks in order to make their functioning of more effective.
May 14, 2015, 23:27 PM IST
HSBC subsidiary announces sale of 10% stake in Chinese bank
Hang Seng Bank, a Hong Kong-based subsidiary of British banking giant HSBC, on Tuesday announced the sale of a 10 percent stake in China`s Industrial Bank in a transaction that could be worth $4.74 billion.
May 12, 2015, 22:35 PM IST
Exim Bank Net up marginally at Rs 726 crore in FY15
The Exim Bank Thursday reported a marginal increase in net profit at Rs 726 crore for FY 2014-2015, up from Rs 710 crore in the previous fiscal.
Apr 30, 2015, 19:45 PM IST
US economy stalled in Q1; Fed expected to pause on rates
The US economy stalled in the first quarter with consumers and businesses trimming spending and the strong dollar and West Coast port strike hitting exports.
Apr 29, 2015, 23:21 PM IST
Axis Bank reports Q4 net profit of 18% to Rs 2,181 cr
Axis Bank Wednesday reported an 18 percent increase in the March quarter net profit at Rs 2,181 crore, driven by a jump in core income on the back of a 22 percent spike in advances.
Apr 29, 2015, 23:09 PM IST
US economy stalled in first quarter: grew just 0.2%
The US economy stalled in the first quarter this year, expanding at an annual pace of just 0.2 percent, the Commerce Department said Wednesday.
Apr 29, 2015, 18:26 PM IST
ECB charges eurozone banks 326 mn euros for supervision
The European Central Bank said Wednesday it will charge eurozone banks a total 326 million euros ($359 million) for the cost of supervising them over two years.
Apr 29, 2015, 17:54 PM IST
SBI, other PSU banks to raise over Rs 16,000 cr from market
State Bank of India (SBI) and few other public sector lenders are expected to raise funds of over Rs 16,000 crore from the market to meet their capital requirement.
Apr 28, 2015, 19:25 PM IST
Finance Ministry to meet PSU banks today to review stalled projects
Concerned over rising bad loans in infrastructure sector, the Finance Ministry has called a meeting of heads of public sector banks Tuesday to chalk out a roadmap for clearing bottlenecks that hamper implementation of large projects.
Apr 28, 2015, 09:26 AM IST
FinMin to meet PSU banks Tuesday to review stalled projects
Concerned over rising bad loans in infrastructure sector, the Finance Ministry has called a meeting of heads of public sector banks Tuesday to chalk out a roadmap for clearing bottlenecks that hamper implementation of large projects.
Apr 27, 2015, 19:05 PM IST
Investors question Deutsche Bank's overhaul
Deutsche Bank`s biggest strategic overhaul under co-chief executives Anshu Jain and Juergen Fitschen got a thumbs down from investors on Monday who judged it too little too late.
Apr 27, 2015, 17:27 PM IST
Coal blocks: Decision on bank guarantees as per states' views
A decision on bank guarantees provided by the previous allottees for 130 coal block would be taken after considering the views expressed by the state governments in this regard to an inter-ministerial panel.
Apr 23, 2015, 21:36 PM IST
Yes Bank plans up to $1 billion share sale
Yes Bank Ltd, India`s fifth-biggest private sector lender by assets, said on Wednesday its board approved a plan to raise up to $1 billion by selling stock in local or overseas markets to shore up its capital base.
Apr 22, 2015, 17:36 PM IST
China cuts bank reserve ratio requirement as growth slows
China`s central bank announced Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending.
Apr 19, 2015, 18:14 PM IST
Citi posts highest quarterly profit in 8 years as costs plunge
Citigroup Inc reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank`s efforts to streamline its business may be starting to pay off.
Apr 16, 2015, 22:44 PM IST
Bank of America profit beats expectations as legal expenses fall
Bank of America Corp, the No. 2 U.S. bank by assets, posted a first-quarter profit, narrowly beating analysts` estimates, as legal costs fell steeply and the bank earned more from mortgage lending and investment and brokerage services.
Apr 15, 2015, 21:00 PM IST
