Bank unions want FM to step in to resolve wage hike issue
Days ahead of a proposed strike by PSU banks' employee unions, a top union leader on Saturday sought the intervention of Finance Minister Arun Jaitley to resolve the over two-year-old wage hike issue.
Feb 14, 2015, 18:56 PM IST
SBI shares surge over 8%; m-cap up Rs 16,910 cr post results
Shares of State Bank of India Friday surged over 8 percent, adding Rs 16,910.27 crore to its market valuation, after the company's net profit in December quarter rose by 30 percent.
Feb 13, 2015, 17:55 PM IST
China's lending push bypasses cash-starved farm sector
As China pulls out the stops to get more lending into its economy to bolster flagging growth, farming, a sector that employs almost a third of its 1.4 billion people, remains in desperate need of funding.
Feb 13, 2015, 11:06 AM IST
IOB to raise Rs 1000 cr to augment additional Tier-1 capital
Public sector Indian Overseas Bank plans to raise Rs 1,000 crore to augment the additional Tier-I capital and also to strengthen its overall capital.
Jan 31, 2015, 16:33 PM IST
China bank says operations `normal` as chief reportedly taken away
China Minsheng Bank said Saturday that its operations were "normal" following reports that its president had been taken away to aid in a corruption investigation.
Jan 31, 2015, 14:43 PM IST
City Union Bank Q3 net up 15% at Rs 102.70 crore
City Union Bank Saturday reported an over 15 percent increase in its net profit at Rs 102.70 crore for the quarter ended December 31, 2014.
Jan 24, 2015, 16:56 PM IST
ING Vysya net slips 13% on low fee income, pension provisions
The merger-bound ING Vysya Bank Wednesday reported a 13 percent decline in net profit at Rs 145.7 crore for the October-December quarter due to sluggish non-interest income, and a spike in provisions.
Jan 21, 2015, 22:50 PM IST
Banks to pay fine if they exceed required remit period: RBI
Banks will be liable to pay penalty for failing to remit government fund within the required time frame, the Reserve Bank said Wednesday.
Jan 21, 2015, 22:47 PM IST
Proposed 4-day bank strike from January 21 deferred
The proposed public sector bank employees' four-day strike which was scheduled to begin on Wednesday (January 21) has been deferred, reports said late Monday evening.
Jan 19, 2015, 22:20 PM IST
Bank of America earnings fall despite lower expenses
BofA`s earnings for the fourth quarter came in at $3.1 billion, down 11.3 percent from the year-ago level.
Jan 15, 2015, 19:11 PM IST
Rate cut by banks imminent: Top bankers
Welcoming RBI's decision to cut rates, top lenders SBI and ICICI Bank Thursday said the much- awaited lowering of lending and deposit rates would "definitely" take place now.
Jan 15, 2015, 13:10 PM IST
RBI sets up fund to educate bank depositors
RBI has put in place a new mechanism for grant of financial assistance to the NGOs and other entities seeking to take up activities related to education and awareness of bank depositors.
Jan 11, 2015, 16:31 PM IST
Swiss central bank swells foreign currency reserves to record high
Switzerland`s central bank dramatically increased its foreign currency reserves last month as it moves to keep the heated franc from getting too strong, data released Wednesday showed.
Jan 07, 2015, 19:08 PM IST
Contempt petition filed only against Vijay Mallya: Bank consortium counsel
Contempt petition in the Karnataka High Court has been filed only against liquor baron Vijay Mallya alleging breach of an oral undertaking given before the Debt Recovery Tribunal that they would not alienate unencumbered assets nor deal with them, Counsel for a consortium of banks clarified Wednesday.
Jan 07, 2015, 19:06 PM IST
Yes Bank to raise about Rs 5,500 crore in next 12 months
Private sector Yes Bank will raise around Rs 5,500 crore in the next 12 months, its MD and CEO Rana Kapoor said Wednesday.
Jan 07, 2015, 17:40 PM IST
Bank stocks in limelight on hopes of reforms
Shares of ICICI Bank rose by 2.81 percent, Yes Bank was up 2.60 percent, AXIS Bank (2.44 percent), Kotak Mahindra Bank (1.48 percent) and HDFC Bank (1.43 percent) on the BSE.
Jan 02, 2015, 17:54 PM IST
'Inter-connectedness exposes banking system to contagion risk'
The Indian banking system faces a possible contagion risk in case of trouble at one bank given the inter-connectedness between some lenders, the Reserve Bank said Monday.
Dec 29, 2014, 20:05 PM IST
Axis Bank in talks for tie-up with payments bank
Private sector lender Axis Bank is open to partnering a payments bank and is in talks with a few aspirants for a potential partnership, according to a senior official.
Dec 28, 2014, 12:42 PM IST
Bank credit grows 11% to Rs 63,03,482 crore
Schedule commercial banks' credit grew 11 percent to Rs 63,03,482 crore in the fortnight ended December 12, according to the Reserve Bank data.
Dec 23, 2014, 21:34 PM IST
SEBI mulls fresh checks on mis-selling of mutual funds
Regulator SEBI is considering fresh checks against mis-selling of mutual funds and flouting of 'open bank infrastructure' norms for sale of these financial products, while it looks at ways to boost the market penetration through use of mobiles and internet.
Dec 21, 2014, 17:11 PM IST
