ICICI Bank Q2 net profit up 15% at Rs 2,709 crore
The total income in the July-September period of the current fiscal increased to Rs 14,888.95 crore, from Rs 12,979.75 crore in the second quarter of 2013-14.
Oct 30, 2014, 15:17 PM IST
StanChart shares tumble to five-year low as profit slumps on bad debts
Asia-focused bank Standard Chartered Plc warned investors that profits would fall in the second half of this year, after quarterly earnings were hit by a surge in bad loans and higher regulation and compliance costs.
Oct 28, 2014, 16:32 PM IST
Europe's bank test celebrations mask mounting challenges
Investors were spared immediate pain on Sunday after the European Central Bank`s landmark banking health check did not force massive capital hikes amongst the euro zone`s top lenders.
Oct 27, 2014, 12:44 PM IST
China refutes US' criticism on AIIB
China Friday refuted US' criticism of Asia Infrastructure Investment Bank (AIIB) lacking transparency saying 20 countries have endorsed the multilateral structure of the newly-established institution.
Oct 24, 2014, 20:30 PM IST
Kotak Mahindra Bank Q2 Net up 23% at Rs 718 crore
Private sector Kotak Mahindra Bank Wednesday reported a 23 percent jump in consolidated net profit in the September quarter at Rs 718 crore, driven by a healthy rise in non-interest income.
Oct 22, 2014, 20:18 PM IST
RBI says onus of forming JLF on lead bank; warns of penalty
The Reserve Bank of India (RBI) put the onus of forming a Joint Lenders' Forum (JLF) on the bank with highest exposure to a distressed borrower and said Tuesday that failure to do so would attract higher provisioning penalties for that bank alone.
Oct 21, 2014, 23:46 PM IST
Federal Bank Net up 6.4% on high fee income, better assets
South-based private sector lender Federal Bank Thursday reported a 6.42 percent rise in September quarter net at Rs 240.30 crore, helped by a reduction in bad assets and better income.
Oct 16, 2014, 18:44 PM IST
RBI to issue guidelines for small finance banks soon
The Reserve Bank will soon invite applications for small finance banks that would provide basic products like credit but in a limited area.
Oct 15, 2014, 21:33 PM IST
RBI to invite applications for bank licences: Sandhu
The Reserve Bank will soon invite applications for issuance of licences in three categories -- small banks, payment banks and universal banks -- to achieve financial inclusion target, Financial Services Secretary G S Sandhu said Wednesday.
Oct 15, 2014, 20:55 PM IST
French bank turns to Twitter for money transfers
One of France`s largest banks launched a service on Tuesday to allow its customers to transfer money to other people via tweets on social network Twitter Inc..
Oct 14, 2014, 20:16 PM IST
RBI asks banks to comply with one address proof norm
The RBI Monday asked banks to comply with the one-address-proof norm as it was found that many of them were not following the new rules.
Oct 13, 2014, 22:32 PM IST
RBI relaxation to help banks meet Jan 2015 LCR target: Crisil
A recent revision in liquidity guidelines under the Basel-III framework by RBI will help lenders meet the 60 percent liquidity coverage ratio (LCR) threshold set for January 2015, ratings agency Crisil said Monday.
Oct 13, 2014, 20:55 PM IST
IndusInd Q2 profit jumps 30% to Rs 430 cr on fee income
Private player IndusInd Bank on Monday reported 30.27 percent rise in net profit to Rs 430.20 crore for the second quarter of the current fiscal, helped by a healthy rise in non-interest income.
Oct 13, 2014, 19:19 PM IST
Bank credit growth remains sluggish at 9.7%
Credit growth of commercial banks continued to remain weak with a growth of just 9.7 percent at Rs 61,46,526 crore for the fortnight to September 19, according to the RBI data.
Oct 02, 2014, 20:52 PM IST
Commerzbank under US probe for money laundering
Germany`s second largest bank Commerzbank is under investigation in the United States for violating money-laundering rules, a source close to the case told AFP Tuesday.
Sep 30, 2014, 21:55 PM IST
Bank examiner says Fed feared Goldman Sachs: Report
The Federal Reserve was accused Friday of taking a light regulatory hand to large banks, especially Goldman Sachs which Fed inspectors let skirt rules to avoid clashes with the management.
Sep 27, 2014, 03:28 AM IST
Punjab National Bank approves 1:5 share split
State-owned Punjab National Bank has approved sub-division of one equity share into five with the aim to increase liquidity of scrip.
Sep 22, 2014, 17:03 PM IST
456 bank branches out of 739 operational in Kashmir: RBI
The Reserve Bank Tuesday said 456 bank branches out of a total 739 and 377 ATMs out a total 896 were operational as on date in flood-ravaged Kashmir, which is limping back to normal.
Sep 16, 2014, 23:25 PM IST
Allahabad Bank seeks Rs 900 crore capital from government
State-run Allahabad Bank said Tuesday that it has sought a Rs 900-crore capital infusion from the government during the current financial year.
Sep 16, 2014, 19:49 PM IST
Yes Bank shares down over 4% after MSCI exclusion
Shares of Yes Bank Tuesday fell by over 4 percent after MSCI excluded the stock from its standard and mid-cap indices.
Sep 16, 2014, 18:46 PM IST
