ICICI Bank Logs Rs 9,648 Crore Net In Q1
For the period under review, ICICI Bank had provided Rs 1,292.44 crore up from Rs 1,143.82 crore the previous corresponding period. ICICI Bank’s gross non-performing assets as on June 30 stood at Rs 31,822.39 crore as compared to Rs 33,163.15 crore as on June 30 last year.
Jul 22, 2023, 21:15 PM IST
HDFC Bank Starts Rebranding HDFC Ltd Offices, Branches After Merger
Post-merger, HDFC Bank will become the fourth most valued lender in the world, and narrow the gap by asset size with state-owned SBI to be the second largest Indian bank. The total business of the merged entity stood at Rs 41 lakh crore at the end of March 2023. With the merger, the networth of the entity would be over Rs 4.14 lakh crore.
Jul 01, 2023, 15:43 PM IST
Private lender Axis Bank hikes interest rates on FDs below 2 crore; Check the new rates
The interest rate on Fixed Deposits (FDs) under 2 crore has been raised by private lender Axis Bank by 25 bps. The bank's website states that the increased rates will go into effect on September 9. The bank has raised the interest rates on different tenor FDs, which range in length from 7 days to 10 years.
Sep 09, 2022, 18:13 PM IST
RBI panel favours no cap on promoters stake in private banks for 1st 5 years
An internal working group of RBI on the ownership and corporate structure of private sector banks has favoured allowing promoters to maintain any percentage of holding in the first five years.
Nov 26, 2021, 17:14 PM IST
Bank Holidays in October 2021: Banks to remain closed for 5 days this week. Check full list
RBI has announced three bank holidays: the Negotiable Instruments Act Holiday, Real Time Gross Settlement Holiday, and Banks' Closing of Accounts. On these specified holidays, all banks in the country, including the public sector, private sector, foreign banks, cooperative banks, and regional banks, will be closed.
Oct 19, 2021, 16:19 PM IST
Poor show by banks, private investors challenge to growth: Arun Jaitley
Union Finance Minister Arun Jaitley on Saturday said that poor performance by private investors and banks still remains a challenge for the Indian economy.
May 27, 2017, 20:57 PM IST
Agency banks, RBI offices to remain open on all days till April 1
The Reserve Bank of India (RBI) has asked all agency banks -- all public sector banks and some private banks -- to remain open on all days between March 25 and April 1.
Mar 25, 2017, 19:03 PM IST
Banking operations affected pan-India due to strike
In the first major organised protest against the government`s "anti-people banking reforms", 10 lakh bank employees and officials staged a strike on Tuesday, bringing banking operations across the country to a halt.
Feb 28, 2017, 21:05 PM IST
China approves five new private banks: total goes up to 16
China's banking regulator on Tuesday gave approval to five new private banks aimed to boost financial support for smaller firms, bringing the total number of private lenders in the world's second largest economy to 16.
Dec 27, 2016, 20:45 PM IST
Next round of capital infusion in PSBs post Q3 results
Government has set parameters for public sector banks for receiving capital support and only those lenders which fulfil the criteria post third quarter results would be eligible for funds.
Sep 04, 2016, 12:58 PM IST
NPA sales down to a trickle of just 2% of total bad loans
Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset reconstruction companies (ARCs) in 2015-16 was only a trickle of the NPA mount at 2 per cent of the total of nearly Rs 5.8 trillion, which is down a whopping 20 percent from previous year, says a report.
Jul 07, 2016, 19:34 PM IST
EPFO advisory body against collection of PF dues by private banks
An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.
Jun 29, 2016, 15:45 PM IST
With 31% jump, HDFC's Aditya Puri top gainer in salary hike among private bank chiefs
HDFC Bank's Aditya Puri saw the maximum jump in remuneration among private bank chiefs in 2015-16, with a 31 per cent growth at Rs 9.73 crore.
Jun 26, 2016, 19:31 PM IST
Know the reason behind banking strike today
A section of public sector banks' employees went on a strike across the country to protest violation of bilateral settlement agreement by associate banks of SBI.
Jan 08, 2016, 12:54 PM IST
Bank employees go on nationwide strike, operations hit partially
Banking operations were hit partially on Friday as a section of public sector banks' employees went on a strike across the country.
Jan 08, 2016, 10:28 AM IST
Bank employees go on nationwide strike; banking services likely to be hit
All India Bank Employees' Association (AIBEA) has called for a one-day nation-wide strike on Friday (January 8) to protest against the "unfair" policies adopted by SBI with respect to its five associate banks.
Jan 08, 2016, 00:14 AM IST
Banks enter 2016 with $60 billion red ink on books
As a New Year begins, it's not a clean slate for the banks with balance sheets full of red ink due to huge bad loans worth about USD 60 billion and a serious clean-up job is a must in 2016 with the RBI having set a deadline.
Jan 01, 2016, 21:46 PM IST
Govt announces FDI reforms in 15 sectors
After facing humiliating defeat in the Bihar assembly elections, Narendra Modi government on Tuesday allowed FDI through automatic route in 15 sectors including the construction, civil aviation, ba
Nov 10, 2015, 18:22 PM IST
SBI chief says crisis year lending by PSBs helped pvt banks
State Bank of India chief Arundhati Bhattacharya Monday said state-run lenders' risk-taking during the crisis years is helping private sector lenders report healthy asset growth by "cannibalising" the completed projects.
Aug 24, 2015, 22:27 PM IST
Axis Bank's mobile transactions double in June
Third-largest private sector lender Axis Bank Tuesday reported doubling of its number of mobile transactions for June, with the total value touching the Rs 2,400 crore mark.
Jul 08, 2015, 00:49 AM IST
