banking finance News

Punjab National Bank sells its stake in India Factoring for Rs 108 cr

The company started its business in October 2010 with Rs 100 crore initial capital. PTI

State-owned Punjab National Bank (PNB) has sold its entire 30 per cent stake in India Factoring & Fi...

Gujarat plant: Maruti Suzuki to seek minority shareholders’ nodBad loans of listed banks shoot up 35% in 9 months
Which way will the two new banks IDFC, Bandhan Financial Services go?
One needs to scale-up, from priority-sector lending to more mainstream lending; the other has to dil...

Finmin widens monitoring of NPAs at public sector banks to top 50 accounts

FinMin also asks lenders to submit action-taken report for such accounts as in Dec 2013.

Indian rupee up 8 paise against US dollar at 60.29

At the Forex market, Indian rupee resumed better at 60.30 a US dollar from previous close of 60.37.

US dollar, Indian rupee edges higher on oil demand; stx gains limit upside

USD/INR trading at 60.45/46 versus its previous close of 60.37/38, retreating sharply from the day's...

Credit growth slips to 13.8 pct; deposits up 15 pct

RBI's estimate of the credit growth for FY14 was 15 pct, while for deposits it was 14 pct.
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ABN AMRO to cut 400 jobs as profit plunges 17 per cent
The bank announced reorganisation in the commercial and merchant banking divisions.
IndusInd Bank net profit up 29% at Rs 396 cr on higher margins, fee income
IndusInd Bank net profit jumped 33 pct to Rs 1,408.02 cr as against Rs 1,061.18 cr in the previous y...
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.
Indian rupee sees worst falling streak in 2-1/2 months
The Indian rupee dropped for a third straight session on Wednesday.
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/US dollar continues to trade slightly lower on weak local shares
US dollar/ Indian rupee trading at 60.28/29 versus its close of 60.23/24 on Tuesday
Beyond the reach of banks, Indians targeted by outlaw fund scams
Saradha ran one of the thousands of unlicensed financial schemes in India.
Indian rupee down 3 paise against US dollar
Indian rupee hovered in a range of 60.25-60.31 per dollar during the morning trade.
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.
Indian rupee falls 14 paise against US dollar
The Indian rupee weakened by 14 paise to 60.31 against the US dollar in early trade at the Interbank...
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.
High interest rates responsible for rising bad loans: Moody's
Rising interest rates and project delays are leading to an increase in bad loans among banks in Indi...
Rate-cut expectations rise after inflation surprise
In April, India's headline inflation unexpectedly fell below 5 per cent.
Indian rupee to US dollar: Broader range of 59.50/80 and 60.60/80 seen
Indian rupee did not move much against US dollar, something that it has been seen to be doing for la...
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.
Public sector bank management should be held accountable for bad loans: Bimal Jalan
Issue is important and now we have to think to make the mgt accountable: Bimal Jalan.
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...
Indian rupee against US dollar continues to trade stronger; oil demand aids
Indian rupee against US dollar trading at 60.32/33 versus its Friday's close of 60.1750/1850 on dema...
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