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Kotak Bank Q4 net up 41% at Rs 240 cr

Private sector lender Kotak Mahindra Bank on Friday announced a consolidated net profit of Rs 240 crore for the fourth quarter ended March 31, a 41 per cent growth over the corresponding period a year-ago.

'Lending rates to ease in 2-3 months'

Bankers said they expected both inflation and select lending rates to ease in 2-3-months time.

Scotiabank woos Indian newcomers to Canada

Scotiabank has had a presence in India for more than 20 years and currently had five branches in the country.

Citi readies massive sell-off of non-core assets

Citigroup will present as much as $400 bn of 'non-core' assets that can be sold by the bank when it meets investors.

Interest rates expected to be stable for now: ICICI

Interest rates are expected to remain stable for now despite the Reserve Bank squeezing money supply through a hike in percentage of cash that banks must keep in reserve, ICICI Managing Director and CEO K V Kamath said on Thursday.

ICICI Pru, Kotak fund managers join Canara Robeco

Indian mutual fund firm Canara Robeco Asset Management has appointed Anand Shah and Ritesh Jain as heads of equity and fixed income, respectively, a top executive said on Wednesday.

UBI Q4 net jumps two fold to Rs 521 cr

Union Bank of India announced a net profit of Rs 521.13 crore for the quarter ended March 31.

Fidelity ties up with Federal Bank

Fidelity Fund Management has tied up with Kerala-based Federal Bank for distributing its various financial products.

HDFC Bank launches fund transfer on mobile network NGPAY

HDFC Bank on Tuesday launched fund transfer on mobile commerce network, NGPAY.

Citi India appoints Sandeep Bhalla as Head, Cards Business

Citi India's global consumer group, on Tuesday announced the appointment of Sandeep Bhalla as Head of credit cards for Citibank India.

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Kotak Bank Q4 net up 41% at Rs 240 cr

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