banking finance News

YES Bank net profit up 19% as lending to SMEs drives interest income

Net NPAs stood at 0.05% of net advances.

Private sector lender YES Bank on Wednesday posted a net profit growth of 18.8% y-o-y to R430.2 cror...

Bring private sector under RTI: SCOPE chairmanPrivate sector sees India as ‘difficult place’ to do business: World Bank
Canbank VC picks up 25% in Gayatrishakti Paper for Rs 25 cr
Canbank Venture Capital Fund, the PE arm of the state-run lender Canara Bank, today picked up 25 per...

RBI panel moots centralised bill payment system

An RBI panel today made a case for centralised bill payment system catering to different financial i...

PSU banks may get additional capital infusion of Rs 7,000 cr

To further enhance capital base, the government is planning to make additional infusion of up to Rs ...

Indian rupee at 61-level again as FII inflows slowdown

The Indian rupee depreciated by 31 paise to finish at one-month low at 61.07 against the dollar.

10-15 pct cards used only for online transactions: RBI report

Credit cards have shown relatively slower growth even though they entered the market one decade befo...
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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.
Liquidity infusion measures hit by currency leakages
RBI data show that currency with the public grew 9.4% in 2013-14 to Rs 13 lakh cr.
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.
Saradha: ED probe unearths 'benami' land, liquor bar worth Rs 60 crore
This is the first time that a probe agency has found trails of some large-scale 'benami' (unnamed) a...
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.
Executive Director G Gopalakrishna takes VRS, joins as director CAFRAL
Reserve Bank executive director G Gopalakrishna has voluntarily retired from the service and joined ...
Beyond the reach of banks, Indians targeted by outlaw fund scams
Saradha ran one of the thousands of unlicensed financial schemes in India.
El Nino risks threaten the monsoon, RBI likely to be in pause mode: BofA-ML
The Reserve Bank of India is likely to be in a "pause" mode till December, as rising El Nino risks t...
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.
Bankex gets strong push; ICICI Bank hits 6-year high
Banking stocks gained on Monday with the BSE Bankex ending at a 10-month high.
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.
Indian rupee sees worst single-day fall against US dollar in over a month
Analysts expect the rupee to remain in a tight range due to caution about ongoing national elections...
Rate-cut expectations rise after inflation surprise
In April, India's headline inflation unexpectedly fell below 5 per cent.
Indian rupee extends gains against US dollar; oil demand helps
Indian rupee trading at 60.45/46 versus its Thursday's close of 60.29/30 as US dollar demand for gas...
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.
Foreign stake ownership: HDFC Bank says law can't apply retrospectively
Remarks come in backdrop of RBI banning FIIs from picking up more shares in HDFC Bank.
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...
After bagging bank licence, Bandhan Financial Services to start hiring in three months
Bandhan Financial Services MD targetting 'senior executives with good experience in the banking sect...
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