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Banking & Finance News

Gold jewellery, coins exports jump 22 pc in Apr-Sept
PTI | November 9, 2014 1:47 PM
Of total gold exports, jewellery was worth Rs 27,530 crore and coins/medallions were worth Rs 6,064 crore.
Take a look: Five world markets themes in the coming week
Reuters | November 9, 2014 8:36 AM
Five big themes likely to dominate the thinking of traders and investors in the coming week…
Central Bank back in black with Q2 profit
FE Bureau | November 9, 2014 12:33 AM
Public sector lender Central Bank of India on Saturday reported a net profit…
Indian rupee down 26 paise to 3-1/2 week low of 61.62 against US dollar
PTI | November 8, 2014 6:36 PM
The rupee continued to fall against the American currency for the second consecutive week…
RBI unlikely to relent to India Inc’s rate cut call
George Mathew | November 8, 2014 8:46 AM
Finance minister’s recent call to lower rates has revived expectations for cut in interest rate.
SBI turns to local snoops to sniff out defaulters’ properties
Shayan Ghosh and Aparna Iyer | November 8, 2014 1:01 AM
Under pressure to recover money owed to it, State Bank of India (SBI) has…
DRTs give too much leeway to borrowers
Shayan Ghosh and Aparna Iyer | November 8, 2014 12:57 AM
Bankers have always maintained that although debt-recovery tribunals (DRTs)…
United Bank posts Rs 43-cr profit
FE Bureau | November 8, 2014 12:54 AM
Public sector lender United Bank of India on Friday reported a net profit of Rs 43.80 crore…
Bank of Maharashtra net quadruples to Rs 163 crore
FE Bureau | November 8, 2014 12:52 AM
Bank of Maharashtra (BoM) saw its net profit quadruple in the September quarter…
Maharashtra State Cooperative Bank sanctions Rs 3,135 cr to mills
Nanda Kasabe | November 8, 2014 1:28 AM
Working capital for 30-odd sugar factories with positive net worth
HDFC Bank slips after MSCI exclusion
FE Bureau | November 8, 2014 12:13 AM
RPower, RCap & JP Associates lose 3.5% each intra-day
Indian rupee down 13 paise against dollar in early trade
PTI | November 7, 2014 2:05 PM
Indian rupee trades at 61.51 versus…
Three-fourths of Jan-Dhan accounts hold zero deposits
ENS Economic Bureau | November 7, 2014 9:34 AM
Officials argue that opening of bank accounts is more important and savings will pick up gradually.
Magma Fincorp to exit gold loan business
FE Bureau | November 7, 2014 3:25 AM
Asset finance company Magma Fincorp on Thursday said it has decided to exit the gold loan business with immediate effect.
Indian Bank net increases 2.8%
FE Bureau | November 7, 2014 3:05 AM
Indian Bank has posted a 2.8% increase in net profit to Rs 314.33 crore for the quarter ended September 30.
Canara Bank net flat at Rs 627 cr on higher provisioning drag
FE Bureau | November 7, 2014 2:56 AM
Canara Bank’s net profit remained flat for the September quarter at Rs 626.84 crore.
RBI: A cut in time saves nine
Surjit S Bhalla | November 7, 2014 2:14 AM
Delay in cutting interest rates would imply that the RBI is looking to bet on a horse after it has won the race.
SBI’s credit card division fined Rs 15,000 for threatening calls
PTI | November 6, 2014 7:39 PM
SBI Cards and Payment Services Pvt Ltd has been asked by a consumer forum to pay Rs 15,000…
Weak corporates financial health affecting banks’ asset quality: Moody’s
PTI | November 6, 2014 7:13 PM
The asset quality of state-owned banks will continue to be burdened by weak financial…
Indian Bank 2nd quarter net profits marginally jumps to Rs 314.33 Crore
PTI | November 6, 2014 6:33 PM
Public sector Indian Bank has reported a marginal increase in net profit…
Dollar keeps marching higher, Euro cowers as ECB looms
Reuters | November 6, 2014 5:43 PM
The dollar kept marching higher on Thursday in anticipation of a strong U.S. payrolls report….
Franklin Templeton Investments to launch open-end fund scheme
PTI | November 6, 2014 3:36 PM
Franklin Templeton Investments (India) will tomorrow launch an open-ended funds scheme….
Union Bank slashes interest for medium cos by up to 3.75 pct
PTI | November 6, 2014 1:07 PM
State-run lender Union Bank of India today reduced interest rates for medium enterprises…
Govt to revive 23 district co-op banks, to infuse Rs 2,375 cr
PTI | November 6, 2014 1:02 PM
Government on Wednesday decided to infuse Rs 2,375.42 crore to revive 23 District Central Cooperative Banks…
Indians bank heavily on financial services firms: Survey
PTI | November 6, 2014 9:52 AM
More than half the netizens in India are early adopters of technology and have highest loyalty…
Nobel-winning economist backs Raghuram Rajan’s RBI anti-inflation policy
PTI | November 6, 2014 9:51 AM
Nobel laureate economist Finn Kydland today supported Reserve Bank Governor Raghuram Rajan’s…
Private insurers outpace market
November 6, 2014 5:31 AM
The state-owned insurer Life Insurance Corporation’s collections fell 5% y-o-y.

Horoscope: By Peter Vidal

Today ( 24 Sep )This Week ( 23 Sep - 29 Sep )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more