bank

Canara Bank may close Rs 3,500-crore QIP issue by November

State-run Canara Bank which has board approval to raise Rs 3,500 crore through a qualified institutional placement (QIP) is awaiting government approval for the same and expects to mop up the money by November.

Sep 16, 2014, 18:41 PM IST

Final norms for on tap bank licences this fiscal: RBI

Final guidelines for on tap universal banking licences will be issued in the current fiscal, Reserve Bank Deputy Governor R Gandhi said Tuesday.

Sep 16, 2014, 18:23 PM IST

Banks' commission for DBT scheme to be doubled

Finance Ministry is in the process of finalising the commission to banks at 2 percent of the quantum of funds they transfer to individual beneficiaries under the government's direct benefit transfer (DBT) scheme.

Sep 15, 2014, 22:50 PM IST

Banks need over $200 bn capital in next 5 years: Fitch

Rating agency Fitch Monday said Indian banks will require more than USD 200 billion (about Rs 12 lakh crore) in fresh capital as they prepare for the full implementation of Basel III capital requirements by March 2019.

Sep 15, 2014, 21:58 PM IST

Kingfisher Airlines to challenge United Bank's decision

Hours after the Supreme Court refused to entertain a petition filed by Kingfisher Airlines against being declared wilful defaulter by United Bank of India, the airline on Tuesday said it would "vigorously challenge" the bank's decision.

Sep 02, 2014, 15:27 PM IST

JPMorgan attacked by Russian computer hackers

The attack resulted in the loss of sensitive data and authorities are investigating whether it was linked to recent infiltrations of major European banks.

Aug 28, 2014, 08:37 AM IST

RBI eases norms to refinance external commercial borrowings

The Reserve Bank on Wednesday eased norms to refinance external commercial borrowings (ECB) and allowed banks to approve even those cases where the average maturity period (AMP) of fresh borrowings exceeds residual maturity of existing loan.

Aug 27, 2014, 22:23 PM IST

Syndicate bank case: Court denies anticipatory bail to Totlani

Special CBI judge Swarana Kanta Sharma rejected the plea of Totlani, alleged to be a middleman in the conspiracy, also on the ground that no satisfactory answer was given by his counsel as to why he was yet to join the investigation.

Aug 26, 2014, 20:47 PM IST

FinMin mulls splitting CMD post for PSU banks

Finance Ministry Monday said it is considering bifurcation of the post of Chairman and Managing Director in public sector banks to strengthen corporate governance in the light of recent cases of corruption.

Aug 25, 2014, 15:47 PM IST

RBI says 36% of total bad loans from six key sectors

The Reserve Bank has said about 36 percent of the overall 4.1 percent bad assets in the system have been created by six sectors of the economy - infrastructure, metals, textiles, chemicals, engineering and mining.

Aug 24, 2014, 14:11 PM IST

Banks' single group exposure cap high; review in 2014-15: RBI

Hinting at tightening banks' single group exposure cap from current 40 percent, RBI Thursday said it will be reviewing this credit limit to gradually align it with the global group exposure practices and mitigate risks.

Aug 21, 2014, 22:28 PM IST

Standard Chartered fined $300 mn over laundering controls

New York's banking regulator hit Standard Chartered Bank with a USD 300 million fine and restrictions on its dollar-clearing business Tuesday for inadequate controls on money laundering.

Aug 20, 2014, 00:32 AM IST

Corporation Bank to pay over Rs 37K for deficiency in service

Corporation Bank has been asked by a consumer forum here to pay over Rs 37,000 to one of its customers after holding it guilty of "deficiency in service" for wrongly taking money from him.

Aug 18, 2014, 19:49 PM IST

Bankers order forensic audit of Bhushan Steel

The decision was taken at a lenders meeting Monday to take a stock of the situation following the arrest of Bhushan Steel Vice Chairman and Managing Director Neeraj Singal by the CBI in an alleged cash for loan scam involving Syndicate Bank Chairman S K Jain.

Aug 18, 2014, 18:46 PM IST

HDFC Bank opens branch in Dubai

Expanding its global footprint, HDFC Bank has opened a branch in Dubai to provide wealth management services to large Indian diaspora in the Gulf city.

Aug 18, 2014, 18:16 PM IST

Female bank staffers may soon get transfers of their choice

The Finance Ministry has asked the banks to formulate women-friendly transfer policies so that they can get transfers at places where their husbands are working or parents are living.

Aug 17, 2014, 21:35 PM IST

Lenders may tighten screws on Bhushan Steel, decision on Aug 18

With Rs 40,000 crore exposure to cash-strapped Bhushan Steel, PNB-led bank consortium will meet on August 18 to decide future course of action including setting up a team for day-to-day monitoring of financial affairs of the firm whose MD is embroiled in a bribery case.

Aug 14, 2014, 00:27 AM IST