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    1. Business News
    2. Authors
    3. bankingbureau

    Banking Bureau

    BOA?s net expands 56%

    Bank of America which is facing a tough time in its US operations on account of the sub prime crisis…

    By Banking Bureau
    June 26, 2008 22:55 IST
    StanChart India?s net at Rs 1,706 cr

    The country?s largest foreign bank, Standard Chartered Bank has seen its net profit up by 25% to Rs 1,706 crore…

    By Banking Bureau
    June 26, 2008 22:54 IST
    SBI may raise rates by 50 bps; ICICI alert

    The country?s largest lender, SBI, is likely to raise its lending rates by 50 basis points post RBI’s move to…

    By Banking Bureau
    June 26, 2008 22:00 IST
    RBI raises CRR, repo rate by 50 bps to rein in inflation

    In one of the steepest measures in recent times, the RBI launched a frontal attack on inflation by announcing the…

    By Banking Bureau
    June 25, 2008 23:30 IST
    Bond yields on rate tightening expectations

    Just before the ReserveBank of India announced a sharp 50 basis points increase in the cash reserve ratio and a…

    By Banking Bureau
    June 25, 2008 23:08 IST
    IndusInd net dips by 32.47%

    The net profit of IndusInd Bank for the quarter ended March 31, 2008 decreased by 32.47% to Rs 14.45 crore…

    By Banking Bureau
    June 25, 2008 23:05 IST
    Now, get ready for a hike in interest rates

    Following the steep hike of 50 bps each in the repo rate and CRR by the RBI to check runaway…

    By Banking Bureau
    June 25, 2008 22:00 IST
    ‘High fuel prices may not be temporary’

    Though the Reserve Bank of India (RBI) will continue to take determined and calibrated measures with a focus on managing…

    By Banking Bureau
    June 24, 2008 23:20 IST
    Payment through RTGS reduced to Rs 10 lakh

    The RBI has decided to reduce the threshold limit mandated for RTGS system from Rs 1 crore to Rs 10…

    By Banking Bureau
    June 22, 2008 23:40 IST
    HDFC Bank in alliance with Scotiabank to help immigrants

    HDFC Bank has announced an alliance with Scotiabank for a strategic partnership to help Indian immigrants in Canada.

    By Banking Bureau
    June 22, 2008 23:37 IST
    Govt hopeful of raising FDI cap to 49%

    Bansal was addressing distinguished gathering of insurance professionals on Thursday on the occasion of GIC Re collaborating with Hannover Re,…

    By Banking Bureau
    June 21, 2008 23:25 IST
    Foreign reserves fall by $4.97 billion

    The country?s foreign-exchange reserves fell by the most in 2? years, the central bank said in its weekly statistical statement…

    By Banking Bureau
    June 21, 2008 23:24 IST
    Bankers expect further hike in CRR, repo rate

    With inflation touching 11.5% on Friday, bankers are now expecting stringent monetary measures to be taken by the Reserve Bank…

    By Banking Bureau
    June 21, 2008 21:57 IST
    RBI puts off fresh credit derivative guidelines

    Adverse conditions in international finance markets has compelled the Reserve Bank of India to keep the final guidelines on credit…

    By Banking Bureau
    June 20, 2008 23:39 IST
    Bond yields touch 6-yr high; rupee at 42.97

    The country?s bond yields on Thursday jumped to fresh six-year highs with data to be released on Friday expected to…

    By Banking Bureau
    June 20, 2008 22:54 IST
    ICICI Bank not to tinker with interest rates now

    In the last three months, ICICI Bank has opened 450 new branches in the country. Over 60% of them have…

    By Banking Bureau
    June 20, 2008 22:52 IST
    CRR cut hinges on liquidity scene

    The reduction in cash reserve ratio will be contingent upon liquidity conditions and the need for using it as an…

    By Banking Bureau
    June 20, 2008 22:51 IST
    Deutsche Bank profits up 77%, to touch Rs 386 crore

    Overall business growth in all the major divisions, especially the retail segment, has seen the Germany-based Deutsche Bank record a…

    By Banking Bureau
    June 19, 2008 23:35 IST
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