NSE arm introduces acceptance of FDRs in electronic form
Leading bourse National Stock Exchange's clearing corporation arm has introduced a facility for banks to submit Fixed Deposit Receipt (FDR) issued as collateral in electronic form.
Dec 04, 2014, 20:02 PM IST
PSBs employees go on strike in North; East to follow Thursday
Continuing their four-day relay strike to press for wage hike, public sector bank (PSB) employees in Northern region went off work Wednesday while their counterparts in East India will follow suit on Thursday.
Dec 03, 2014, 21:23 PM IST
Direct banks to extend credit for paying penalties: Assocham
In a recent communication addressed to RBI Governor Raghuram Rajan, it has also said credit was also required for payment of upfront bid amounts for participation in the coal block bidding.
Nov 28, 2014, 20:19 PM IST
PSU banks account for over 90% of total bad loans in FY'14
Private sector banks had gross NPAs of Rs 22,738 crore as of March 31, 2014.
Nov 25, 2014, 20:43 PM IST
Europe's biggest bank names new boss in reshuffle
Spain's Santander, the biggest bank in Europe by market value, on Tuesday named Jose Antonio Alvarez its new chief executive in a reshuffle after longtime chairman Emilio Botin died.
Nov 25, 2014, 17:57 PM IST
Uday Kotak expects major global cooperation boost from ING deal
Having sealed a deal to merge ING Vysya Bank with Kotak Mahindra Bank, eminent banker Uday Kotak has said that the merger presents a significant opportunity for international cooperation with Dutch giant ING Group.
Nov 24, 2014, 18:06 PM IST
Govts acting against firms accepting deposits without RBI nod
RBI has identified several financial companies accepting deposits from public without authorisation from it and state governments are in the process of taking action against them, RBI Deputy Governor R Gandhi said Sunday.
Nov 23, 2014, 22:49 PM IST
Jaitley wants RBI to make cost of capital cheaper
Finance Minister Arun Jaitley Sunday pitched for an interest rate cut, expressing confidence that the RBI will move in the direction of making the cost of capital reasonable to help perk up economy.
Nov 23, 2014, 17:50 PM IST
ING Vysya deal precursor to 'Achche Din': Uday Kotak
Taking a leaf out of Prime Minister Narendra Modi's poll campaign, eminent banker Uday Kotak said that the Rs 15,000-crore merger between Kotak Mahindra Bank and ING Vysya Bank is a precursor to 'Achche Din' and would create a world-class financial institution of size and scale.
Nov 23, 2014, 17:41 PM IST
Banks employees will go on relay zonal strike from Dec 2
The public sector bank employees had stopped work on November 12 on the wage issue, affecting services like cheque clearance and withdrawal from branches across the country. The strike call was given by United Forum of Bank Unions (UFBU).
Nov 22, 2014, 18:00 PM IST
Kotak-ING Vysya Bank deal: First merger since global meltdown
Kotak Mahindra Bank's acquisition of ING Vysya Bank is the country's first ever amalgamation of a profit earning entity post the global financial meltdown in 2008.
Nov 20, 2014, 21:52 PM IST
Kotak Mahindra Bank acquires ING Vysya Bank for Rs 15,000 cr
Kotak Mahindra Bank Thursday decided to acquire mid-sized lender ING Vysya Bank in an all-share transaction to strengthen its position ahead of entry of new players.
Nov 20, 2014, 19:11 PM IST
Kotak Mahindra Bank to acquire ING Vysya
Private sector lender Kotak Mahindra Bank on Thursday announced its merger with ING Vysya Bank in an all transaction.
Nov 20, 2014, 18:22 PM IST
India counts HDFC stake in HDFC Bank as foreign: Report
India's foreign investment regulator has approved raising the foreign holding limit in second-biggest private sector lender HDFC Bank Ltd but counts its parent`s holding as foreign, a leading business daily reported.
Nov 15, 2014, 13:40 PM IST
ICICI Bank taps Chinese debt market again, raises 600 mn yuans
Private sector lender ICICI Bank Thursday raised 600 million yuans from the Chinese debt market (Dim Sum bonds) or a little over USD 95 million, at a coupon of 4 percent, merchant banking sources said here this evening.
Nov 13, 2014, 22:19 PM IST
India Post says keen to become a universal bank
India Post is interested in turning itself into a universal bank like many of its peers across the world and a committee under former Cabinet Secretary TSR Subramanian is looking into the matter, a senior department official said Thursday.
Nov 13, 2014, 18:50 PM IST
Employees' strike affects Indian banking
Banking operations were affected all over India Wednesday as over a million bank employees went on a day`s strike in support of their various demands, including pay revision, an official said here.
Nov 12, 2014, 12:40 PM IST
Bank strike on today; may hit trading volumes
Still the Reserve Bank of India will operate as usual and can provide funds via its overnight repo window.
Nov 12, 2014, 09:47 AM IST
Bank strike on Wednesday; may hit trading volumes
The strike is expected to hit all state-run banks, and also some private lenders, and could also impact market functions such as trade settlements to some extent.
Nov 11, 2014, 20:58 PM IST
RBI likely to hold rates through the fiscal: ICRA
Notwithstanding moderation in inflation, the Reserve Bank is likely to keep status quo on the policy rates this fiscal to check price rise expectations, says a report.
Nov 04, 2014, 19:12 PM IST
