banking finance News

Andhra Bank’s infra bonds get AA+ rating from Crisil

Ratings agency Crisil on Thursday assigned AA+ rating to Andhra Bank’s R1,000-crore long-term infras...

Farm sector stares at muted 1% growth even as rainfall picks upIndia's Q1 trade deficit down 31% to $33.1 bn
Report on PSU banks’ merger to be submitted within a month
The finance ministry has asked SBI Capital Markets to prepare a feasibility report on merger and rec...

To raise Rs 860 cr, Central Bank plans IL&FS stake sale

Public sector lender Central Bank of India hopes to make close to R860 crore from selling around 1 c...

ICICI Bank net rises 17% to Rs 2,655 cr

Non-interest income provides boost even as asset quality deteriorates marginally

PSU banks to hit market after Oct to raise capital: G S Sandhu

State-owned banks are likely to hit the capital markets in November in a bid to meet Basel III...

Indian rupee tanks to 3-mnth low of 60.55 vs US dollar, down 49 p on outflows

The Indian rupee today depreciated 49 paise to close at a three-month low of 60.55.
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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.
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.
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...
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.
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.
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...
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...
RBI survey finds 47 pct of banking agents 'untraceable'
Success of government's thrust on financial inclusion is faced with a harsh reality check...
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.
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...
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
Rupee to dollar: Stuck within range; data eyed
Over the past many weeks, there has hardly been any movement in the Dollar/Rupee.
ATM heist: India's IT sector in unwelcome spotlight
Global banks were already under pressure to step up oversight of back-office functions.
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