Banking & Finance

Corporate houses like Ambanis, Birlas, Mittals join race for niche bank licences

Big corporate houses including RIL, Aditya Birla Group, Airtel and Future Group have joined the race for payment bank...

SBI Q4 shares News

Reliance Industries applies for payments bank licence; SBI to take up to 30 pct stake

Reliance Industries and SBI put in a joint application to RBI to set up a payment bank that can offer services such as remittances and deposits but not loans.

Mukesh Ambani, Reliance Industries News

Credit-card transactions can give away your identity!

MIT scientists, including one of Indian-origin, have examined anonymous credit card data...

Credit card News

Aditya Birla Nuvo, Kishore Biyani’s Future Group apply for payments bank licence

Aditya Birla Nuvo and Future Group are among the first big names to apply for licences to run payments banks...

Kumar Mangalam Birl News

Indian rupee recovers from initial losses; up 6 paise to 61.80 against US dollar

Indian rupee weakened by nine paise to 61.95 against the US dollar in early trade today at the Interbank Foreign Exchange.

pre 2005 currency notes News

For bankers, it’s a divided house on RBI’s rate cut plans

RBI's decision to lower the Repo rate or hold is likely to be a close one at the monetary policy review on Tuesday with most bankers still leaning towards a no-move.

reserve bank of india, rbi News

One rank, one pension scheme to be rolled out soon: Manohar Parrikar

Defence Minister Manohar Parrikar today assured the ex-servicemen of early implementation of the 'one rank, one pension'...

Manohar Parrikar, One Rank one pension News

Indian rupee: India’s oasis vs global desert

Rupee, along with domestic debt instruments continue to reflect the shift in India’s positioning.

7th pay commission News

Reserve Bank of India may cut interest rate further in policy review this week

The RBI may cut its policy rate further by 0.25 per cent this week to boost growth, as inflation remains under...

RBI, Reserve Bank of India, NPA provisioning, RBI NPA, bad loans, bad loans in India, bad loans in banks, NPA of banks, News

Payment bank can be asset origination opportunity: Kotak Mahindra Bank

Kotak Mahindra Bank, which is in a tie-up with Bharti Airtel for niche bank licence, looks at payment bank as an asset origination opportunity.

Payment bank can be asset origination opportunity: Kotak Mahindra Bank

PSU banks should be allowed to recruit from IITs, IIMs: SBI

SBI has said that public sector banks should be given an opportunity to tap the best talent from premier institutes like IITs and IIMs.

state bank of india, SBI, Arundhati Bhattacharya, Arundhati Bhattacharya SBI News

Indian rupee snaps 4-week winning spree, slips to 61.86 against US dollar

The Indian rupee snapped its 4-week winning spree against the American currency...

7th pay commission News

10 pct rise in non-interest income pushes ICICI Bank net up 14 pct

Largest private sector lender ICICI Bank on Friday reported a net profit of Rs 3,265 crore in the December...

10 pct rise in non-interest income pushes ICICI Bank net up 14 pct

Bank of Baroda net slides 68% on tax demands & higher provisions

Bank of Baroda's third-quarter net profit dropped 68% on a one-time tax-related charge and higher provisions...

Bank of Baroda net slides 68% on tax demands & higher provisions

Vijaya Bank net jumps 3-fold to Rs 37 cr

Vijaya Bank on Friday said its net profit for the December quarter rose over three-fold to Rs 37.40 crore compared with the same period last year. The bank posted a net profit of Rs 11.39 crore in the

Vijaya Bank net jumps 3-fold to Rs 37 cr

Andhra Bank net surges 339% on interest income

Gross NPAs stood at 5.99% of the advances as of December 31, 2014, against 5.55% in December 31, 2013. Net NPAs stood at 3.7% in December quarter from 3.65% in the same quarter last year

Andhra Bank net surges 339% on interest income

Bandhan banking on low-income group & eastern region: Chandra Shekhar Ghosh

Bandhan, awaiting RBI final nod to start its banking operations, would focus on serving low-income group...

Bandhan banking on low-income group & eastern region: Chandra Shekhar Ghosh

Indian rupee ends steady at 61.86 vs US dollar

In a volatile trade, the rupee today recovered towards the fag-end to end steady at 61.86 against the American currency...

Indian Rupee, Rupee vs dollar, Rupee to Dollar, US dollar, dollar rate, dollar rate today, Forex market News

If mobile numbers can be ported why not bank accounts: S S Mundra

As technological advancements continue to change the world of finance and banking...

S S Mundra, S S Mundra Bank Accounts, S S Mundra mobiles, Banking In india, Bank accounts News

India’s banks say no room to cut lending rates, thwarting RBI easing

Only three of India's 45 commercial banks have cut base lending rates since the Reserve Bank of India's...

reserve bank of india News

ICICI Bank net profit up 13.68 pct at Rs 3,265.32 crore in Q3

Country's largest private sector lender ICICI Bank posted 13.68 per cent rise in net profit at Rs 3,265.32 crore for the third quarter ended December.

ICICI Bank shares News

Indian rupee recovers 12 paise against US dollar in early trade

The rupee recovered by 12 paise to 61.74 against the US dollar in early trade today at the Interbank Foreign Exchange...

rupee to dollar News

SKS Micro board okays plan to apply for licence

SKS Microfinance is gearing up to set up a small finance bank. Board of directors has approved the proposal to make...

SKS Micro board okays plan to apply for licence

Bharti Airtel plans banking foray

Entry into payments bank via Airtel Money; KMB to tie up, buy 20% in Bharti arm

Bharti Airtel plans banking foray

FIIs pour $3 billion into corporate bonds in Jan

In their chase for high yields, foreign institutional investors (FIIs) have poured in $3 billion into Indian corporate bonds...

FIIs pour $3 billion into corporate bonds in Jan

Perpetual bond borrowing rate falls 33 bps since Dec

Borrowing rates for perpetual bonds have seen a fall of at least 33 bps since December.

Perpetual bond borrowing rate falls 33 bps since Dec

Higher loan growth helps HDFC net rise 11.5%; total income up 14%

Housing Development Finance Corporation (HDFC) on Thursday reported an 11.5% y-o-y rise in net profit in the third...

Higher loan growth helps HDFC net rise 11.5%; total income up 14%
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