banking amp finance News

Indian rupee slumps to 3-mth low on dollar buying by state-run banks

The partially convertible rupee fell to as low as 60.57 per dollar at one point.

Indian rupee down 19 paise to 60.25 against US dollarIndian rupee rises 15 paise against US dollar to end at over 1-week high
Net profit for ICICI Bank fiscal first quarter ended June rose to 26.55 billion rupees ($440 million). (Reuters)
ICICI Bank's Q1 net profit rises 17 pct to Rs 2,655 crore, beats estimates
ICICI Bank Ltd, India's second-biggest lender by assets, reported a 17 percent rise profit...

RBI seen keeping policy rate steady until Q1 2015: Poll

RBI Governor Raghuram Rajan is likely to leave key interest rate unchanged on August 5.

Indian rupee down 19 paise to 60.25 against US dollar

Rupee had gained 7 paise to close at over two-week high of 60.06 against the dollar yesterday.

BoI net profit down 16% to Rs 806 crore

Higher provisions weigh as asset quality worsens

Bank of India Q1 net profit down 16 pct at Rs 805 crore

The bank had posted net profit of Rs 964.18 crore during the corresponding April-June quarter in the...
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Women empowerment: Narendra Modi govt may merge Bharatiya Mahila Bank, Rashtriya Mahila Kosh
In an ambitious initiative, the PM Narendra Modi NDA government has mooted...
Interest rates likely to stay on hold in August: HSBC
The RBI is likely to pause again in its policy review meet next month, an HSBC report has said.
Indian rupee rises 7 paise vs US dollar to end at over 2-week high of 60.06
Indian rupee washed out early losses and closed up by seven paise.
Indian rupee down 8 paise against US dollar in early trade
The rupee had weakened by 3 paise to end at nearly a one-week low of 60.13 against the dollar on Mon...
Saradha group chit fund scam: Sudipta Sen sent to judicial custody
Police did not seek his further remand for Sudipta Sen, the chairman of the Saradha Group.
RBI survey finds 47 pct of banking agents 'untraceable'
Success of government's thrust on financial inclusion is faced with a harsh reality check...
Deutsche Bank, UBS face US regulator inquiry
Germany's Deutsche Bank and Switzerland's UBS said they were caught up in an inquiry by US regulator...
Cobrapost sting: NABARD chief gives clean chit to co-operative banks
RBI has maintained that no transaction has happened while the sting also does not point to money lau...
Rupee to dollar: Stuck within range; data eyed
Over the past many weeks, there has hardly been any movement in the Dollar/Rupee.
RBI or SEBI should create awareness against ponzi schemes: SBI
RBI...or SEBI should begin a major campaign in line with Jago Grahak Jago, says Pratip Chaudhuri.
Citigroup to hire 100 bankers in Asia, eyes more business from smaller clients
Citi also plans to target suppliers to major Asian firms such as China's Lenovo Group Ltd and India'...
State Bank of India suggests RBI as single regulator for all home loans
A single regulator having same rules for all players would help remove regulatory arbitrage: SBI
No proposal for merger of United Bank with IDBI Bank
Meanwhile in separate statement, United Bank of India said that there is no negotiations taking plac...
ATM heist: India's IT sector in unwelcome spotlight
Global banks were already under pressure to step up oversight of back-office functions.
Deutsche Bank’s profit lifted as investment bank focus pays off
Deutsche Bank's plan to become “the last man standing” in investment banking in Europe is working, ...
Indian rupee logs biggest fall in a week vs US dollar
Indian rupee commenced lower from previous close of 54.77 and immediately touched 55.00.
What’s Plan B, SBI plans to ask its borrowers
Arundhati Bhattacharya believes that the stress seen in the last capex cycle...
Overseas business margins under pressure: SBI
State Bank of India today said it would review returns from its foreign and domestic business.
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