Banking & Finance

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.

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

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.

Private equity, Private equity firms, Private equity investment, domestic market, Private equity firms india, Private equity market, pe funds, pe investment, market news

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.

year-ender, year-ender 2014, Fiscal deficit, India GDP

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%

Indian rupee hits 8-1/2 month low on dollar buying from oil firms

The Indian rupee fell to a 8-1/2 month low on Wednesday as global gains in the dollar...

Indian rupee falls 14 paise to 61.88 against US dollar

The Indian rupee continues its losing streak for the fifth straight session.

Rupee to dollar, Indian Rupee, Rupee rate, dollar rate

Great expectations!

One of the reasons given by market economists for the Reserve Bank of India not cutting repo rates has to do with inflationary expectations.

Rupee weathers dollar storm

Despite 0.45% fall in a month, YTD decline a mere 0.20% against 30% for rouble

Banks see bad quarter on asset quality

Gross NPAs for 40 listed banks at Rs 2.72L cr in Q2, up 6.3% from June.

Axis Bank raises $500 m via senior unsecured notes

Axis Bank was last in the offshore bond markets in August 2012 when it raised $250 million priced at 390 bps over US treasury yield.

Indian rupee drops for 4th day against US dollar, closes at 1-month low of 61.74

Indian rupee weakened for the fourth straight session and ended at 1-mth low of 61.74 vs US dollar.

Credit card vs cash! 5 reasons why card is better

It is important to understand that the credit card straight away wins over cash in many aspects.

Credit card

Arun Jaitley to relaunch Kisan Vikas Patra; money to double in 100 months

Investments in Kisan Vikas Patra will remain under a lock-in for a period of 2.5 years...

Indian rupee down 10 paise against dollar in morning trade

The rupee declined further by 10 paise to 61.83 against the US currency in morning trade...

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