Morgan Stanley opens 1,400-strong back-office in Bangalore
Wall Street bank Morgan Stanley Wednesday opened a back-office in Bangalore to help its global operations, which has a capacity to accommodate up to 1,400 employees.
Apr 15, 2015, 19:12 PM IST
Bank promises action after Turkish lira tumbles to new low
Turkey`s central bank on Tuesday said it would consider measures to support the embattled lira as the currency tumbled to a new low in value against the dollar, pressured by domestic jitters ahead of June 7 elections.
Apr 14, 2015, 22:51 PM IST
JPMorgan profit rises as fixed-income trading rebounds
The bank`s net income rose to $5.91 billion, or $1.45 per share, in the first quarter ended March 31, from $5.27 billion, or $1.28 per share, a year earlier.
Apr 14, 2015, 18:01 PM IST
China bank lending rose in March: Central bank
Domestic banks extended new loans of 1.18 trillion yuan ($190 billion), the People`s Bank of China (PBoC) said in a statement, up from 1.02 trillion yuan in February.
Apr 14, 2015, 17:13 PM IST
DoP to seek Cabinet nod for 240 cr to set up Post Bank
The Department of Posts (DoP) will soon seek Cabinet approval for Rs 240 crore for setting up Post Bank of India.
Apr 12, 2015, 13:58 PM IST
China-led AIIB will be lean, clean and green: Official
The bank has seen more than 40 prospective founding members by Saturday, with Spain, South Korea and Austria as the most recent prospective founding members.
Apr 12, 2015, 10:56 AM IST
Nifty up by 64 points, Bank stocks surge
Extending gains for the fifth consecutive session, the NSE Nifty rose by 63.90 points to end at 8,778.30 on buying in banking and financial counters after Moody's upgraded India's outlook to positive from stable.
Apr 09, 2015, 22:19 PM IST
Bank stocks surge up to 6% on rating outlook upgrade
Bank stocks Thursday surged by up to 6 percent, after Moody's raised India's credit rating outlook to 'positive'.
Apr 09, 2015, 18:40 PM IST
Sensex rises to near one-month high; bank stocks surge
The Sensex has now garnered over 927.72 points in five sessions and is at nearly one-month high. The previous high was on March 12 when it ended at 28,930.41.
Apr 09, 2015, 17:35 PM IST
Bank in distress too will get capital support from govt: Rajan
Reserve Bank Governor Raghuram Rajan Thursday said that banks in distress will get capital support from the government if they make a clear case for recapitalisation.
Apr 09, 2015, 17:15 PM IST
Arun Jaitley to meet heads of PSU banks Wednesday
Finance Minister Arun Jaitley will meet the heads of public sector banks Wednesday to review the banks' performance and persuade them to pass on the RBI's rate cut benefit to borrowers to prop growth.
Mar 10, 2015, 17:03 PM IST
Fifteen crore Aadhar cards linked with bank accounts
The National Payments Corporation of India on Friday announced linking of 15 crore Aadhar cards with various bank accounts in India.
Mar 06, 2015, 22:14 PM IST
Standard Chartered net profit falls 37% in 2014
Asia-focused Standard Chartered bank said Wednesday net profit fell 37 percent in 2014, the second consecutive year of decline, almost a week after announcing two of its top bosses would leave in a reshuffle aimed at transforming its fortunes.
Mar 04, 2015, 17:39 PM IST
Britain`s Standard Chartered bank says CEO to depart
The chief executive of Asia-focused bank Standard Chartered will step down in June, the company said Thursday, following poor results, job cuts and fines for failing to detect possible money-laundering.
Feb 26, 2015, 18:09 PM IST
Yes Bank raises Rs 1,000 cr via green bonds, double the target
Private sector Yes Bank Wednesday raised Rs 1,000 crore against a targeted Rs 500 crore by issuing green infrastructure bonds.
Feb 25, 2015, 22:40 PM IST
IndusInd Bank to raise Rs 2000 cr via infra bonds, NCDs
Private sector lender IndusInd Bank will issue long-term infrastructure bonds or non-convertible debentures on private placement basis to raise about Rs 2,000 crore.
Feb 25, 2015, 19:27 PM IST
EPFO mulls setting up Workers' Bank
A part of EPPO's Rs 6.5 lakh crore corpus may be used to set up Workers' Bank with the objective of maximising returns as well as providing easy credit, primarily to its members.
Feb 19, 2015, 19:49 PM IST
Bank credit continues to trail deposit growth
Indian commercial banks' credit grew 10.38 percent to Rs 64,41,519 crore in the fortnight to February 6, according to Reserve Bank data released Wednesday.
Feb 18, 2015, 22:38 PM IST
RBI lifts ban on import of gold coins, medallions by banks
The Reserve Bank Wednesday lifted the ban on imports of gold coins and medallions by banks and trading houses.
Feb 18, 2015, 21:59 PM IST
Bank employees threaten to go on 4-day strike from Feb 25
Unions of bank employees on Saturday threatened to go on a four-day strike from February 25 to be followed by an indefinite strike from March 16 if their wage hike and other demands are not met immediately.
Feb 14, 2015, 19:35 PM IST
