banking finance News

Banks' gross NPAs rise to 3.85%, state-run lenders lag: Care

With lenders continuing to be under pressure on asset quality, Care Ratings today said...

PM Narendra Modi set to revamp financial inclusion; to unveil new scheme on Aug 15'Small banks will provide big push to financial inclusion'
Bitcoin is still an infant in Europe relative to the United States.Reuters)
Bitcoin catches on in tech-savvy Romania
The interest in bitcoin in Romania stands out in a region where national currencies are widely seen ...

Rupee slips by 3 paise to nearly 1-week low of 60.13 vs dollar

In three straight days, rupee has now fallen by 8 paise. Month-end dollar demand from importers, m...

Loan Waiver: Raghuram Rajan's RBI puts spanner in Andhra Pradesh CM Chandrababu Naidu's agri loan plan

Chandrababu Naidu had announced that all agricultural loans up to Rs 1.5 lakh would be waived.

Indian rupee inches lower, expected to remain range-bound

Indian rupee closed marginally weaker on Monday, marking another sluggish session as us dollar...

Vijaya Bank Q1 net profit up 22% to Rs 161 crore

The Bangalore-based lender had posted a net profit of Rs 132.46 crore for the same period of last fi...
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Indian Overseas Bank Q1 Net zooms over 2-fold to Rs 271.72 cr
The city-based bank had reported net profits of Rs 125.79 crore in the corresponding period of the p...
ABN AMRO to cut 400 jobs as profit plunges 17 per cent
The bank announced reorganisation in the commercial and merchant banking divisions.
State Bank of Patiala launches CSR initiative for girl child
MD S A Ramesh Rangan announced that the Bank will contribute a fixed amount for each opening towards...
Vikram Pandit to take stake in Nimesh Kampani's JM Financial, take charge of banking foray
Vikram Pandit and his business partner, Hari Aiyer to buy a 3% equity stake in JM Financial.
UCO Bank net up 2% as provisions for NPAs drop
Public sector lender UCO Bank on Friday reported a 2% y-o-y rise in the net profit to R521.40 crore ...
Oriental Bank of Commerce cuts fixed deposit rates by up to 1%
Fixed deposit rate for maturities ranging from 31-45 days has come down to 6 per cent.
Indian rupee edges up but snaps two-week gaining streak
Still, the rupee fell 0.3 percent for the week, posting its first weekly loss in three in a week dom...
Beyond the reach of banks, Indians targeted by outlaw fund scams
Saradha ran one of the thousands of unlicensed financial schemes in India.
SKS Microfinance cuts lending rates by 1 pc on lower fund cost, profit rise
The announcement comes on back of the company reporting an manifold jump in June quarter net income ...
Indian rupee edges up a paisa to end at 54.77 vs US dollar
Indian rupee today closed just paise higher at 54.77 against US dollar on better local equities.
Punjab National Bank Q1 net profit rises 10% to Rs 1,405 crore
PNB's total income increased to Rs 12,825.13 crore during the first quarter ended June 30
Indian rupee, US dollar edges up tracking Asians, shares in focus
US dollar held firm near a 10-month high against a basket of major currencies.
RBI fines 12 banks R1.5 cr for violating norms in DCHL loan
The Reserve Bank of India (RBI) on Friday slapped penalties on 12 banks, amounting to R1.5 crore, on...
Rate-cut expectations rise after inflation surprise
In April, India's headline inflation unexpectedly fell below 5 per cent.
Online fraud hits IAF officers’ accounts
SBI files complaint in Mumbai, Delhi, Toronto
Indian rupee up by 10 paise Vs US dollar in early trade
The rupee today rose by 10 paise to 54.68 against the dollar in early trade.
Rupee ends weaker after hitting 1½-week high
The rupee ended weaker on Thursday, retreating from a more than one-week high hit earlier in the ses...
Indian rupee closes 3 paise higher against US US dollar at 54.78 on rally in equities
A strong dollar weighed on rupee but the local currency managed to erase early losses and settle 3 p...
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