Banking & Finance

Arun Jaitley wants RBI to make cost of capital cheaper

RBI is slated to review monetary policy on December 2.

Arcil slashes bad loan purchase target by 30% to Rs 3,500 cr

Arcil has pruned its yearly bad loan buying target by 30 per cent to Rs 3,500 crore following stricter guidelines issued by RBI...

After Kotak Mahindra’s ING Vysya Bank buy, small private banks prime targets: Check out the ‘small fry’

After ING Vysya Bank, several old-generation private banks could turn out to be the potential...

FM Arun Jaitley against burdening salaried, middle class

Finance Minister Arun Jaitley today said that he does not favour burdening the salaried and middle-class...

Sea change in way RBI intervenes in foreign exchange market: Anindya Banerjee

Over this week, US dollar finally managed to rear its head above the 62.00 handle, as demand for Greenback...

indian rupee vs us dollar

Kotak Mahindra Bank in elite club of private banks even before ING Vysya merger

Although Kotak Mahindra bank is set to emerge as 4th largest private sector bank after its merger with ING Vyasya bank, in terms of market value, it has maintained a similar ranking, each year since 2

Banks stage ferocious run on M&A nudge

Banking stocks surged to record high on Friday after the merger of Kotak Bank-ING Vysya Bank...

ECB proceeds can be parked as fixed deposits for 6 months: RBI

Easing norms for parking external commercial borrowings (ECB), the Reserve Bank...

No drastic job cuts post Kotak Mahindra Bank-ING Vysya merger: Uday Kotak

Kotak Mahindra Bank chief Uday Kotak has assured that there will not be "any dramatic" reduction immediately...

Indian rupee strengthens 18 paise to 61.76 vs US dollar as stocks rally

Rising for the second day, Indian rupee today strengthened 18 paise to end at 61.76 against...

Indian rupee gains 8 paise against dollar in early trade

The rupee strengthened by 8 paise to 61.86 against the dollar in early trade today at the Interbank Foreign Exchange...

Rs 15,000 cr Kotak Mahindra Bank-ING Vysya merger: All you need to know

ING Vysya to merge with Kotak Mahindra Bank at an all-stock deal valued at Rs 15K cr; Kotak to be 4th largest private bank.

Kotak Mahindra Bank’s ING Vysya buy to make it No 4 private bank

Kotak Mahindra Bank (KMB) on Thursday snapped up ING Vysya Bank in an all-share transaction valued at an extremely attractive 2.2-2.3 times book value.

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Arun Jaitley nudges banks to boost credit offtake

Finance minister Arun Jaitley on Thursday asked public sector banks (PSBs) to ensure smooth credit flow to projects.

US dollar’s global strength hits Indian rupee

Rupee has lost 5.3% in last 6 months and dealers said the currency could weaken further if importers continue to aggressively buy dollars.

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Good TidING as Kotak moves up banking ladder

Kotak Mahindra Bank announced its decision to acquire ING Vysya Bank in an all-share transaction...

SBI says loan to Adani after scrutiny

Arundhati Bhattacharya on Thursday clarified it was a memorandum of understanding and not a sanction so far.

Kotak Mahindra Bank acquires ING Vysya Bank for Rs 15,000 cr in an all-share deal

The Uday Kotak run bank said consolidation was founded on leveraging significant...

ING Vysya Bank, ING Vysya Bank strike, ING Vysya Bank merger, ING Vysya Bank Kotak Bank merger, Kotak Mahindra Bank

Indian rupee recoups losses to end nearly flat

The Indian rupee ended nearly flat on Thursday after a fall to a nine-month low...

RBI unlikely to cut rate in next monetary policy review: SBI chief

With moderation in inflation, there is a widespread expectation that RBI will cut interest rate in its upcoming bi-monthly policy announcement.

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

‘Concerned’ Arun Jaitley tells PSU banks to be proactive on curbing NPAs, but keep credit flowing to projects

FM Arun Jaitley discusses steps to control soaring NPAs with PSU bank chiefs...

Indian rupee down 11 paise against dollar

Continuing its falling streak for the sixth straight day, the rupee depreciated by 11 paise to trade...

Fii, FDi, overseas investors

P Chidambaram expresses doubt over re-launched Kisan Vikas Patra

Expressing doubts over the re-launched Kisan Vikas Patra, former Finance Minister P Chidambaram...

RBI asks taxpayers to pay income tax dues in advance

Rush for remitting income tax dues through the RBI has been far too heavy towards the end of December every year.

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Rupee tanks to over 8-month low dollar demand from oil firms

Rupee extended its losses for the fifth session in a row and ended at eight and a half month low of 61.96 against US dollar.

Axis Bank to expand credit card, personal loan biz

Axis Bank said it is planning to increase the higher yield unsecured component of its retail lending portfolio by expanding credit card and personal loans businesses.

SBI leads charge as PSBs see heightened buying interest

Top three PSBs (SBI, PNB and BoB) emerged amongst the best performing banking stocks with gains ranging between 56% and 67%

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