Vinod Rai appointed first Chairman of Banks Board Bureau
Former CAG Vinod Rai was Sunday appointed first Chairman of the Banks Board Bureau, which will advise the government on top-level appointments at public sector lenders and ways to address the bad loans problem among other issues.
Feb 28, 2016, 17:23 PM ISTAfter Roti Bank, 'Kapda Bank' opened in Aurangabad for needy
After launching a ‘Roti Bank’ in Maharachtra's Aurangabad last month, the Haron Mukati Islamic Centre on Tuesday inaugurated a ‘Kapda Bank’ intended to provides clothes to the poorest of poor.
Jan 28, 2016, 21:24 PM ISTAxis Bank Q3 net grows 15% to Rs 2,175 crore
Total income of the bank rose to Rs 12,531 crore, from Rs 10,929 crore in the year-ago period.
Jan 20, 2016, 17:45 PM ISTChina-backed AIIB to open for business in mid January
China-sponsored Asian Infrastructure Investment Bank (AIIB) in which India is a founder member along with other 56 countries will open in mid-January next year, an official has said.
Dec 03, 2015, 21:04 PM ISTDena Bank to seek board approval to dilute govt stake
State-owned Dena Bank Tuesday said it will seek board approval on Thursday to dilute government stake up to 52 percent.
Dec 01, 2015, 20:13 PM ISTRaghuram Rajan expects banks to clean up bad loans by March 2017
Reserve Bank of India Governor Raghuram Rajan said on Tuesday he expects bad debt-burdened banks to clean up their balance sheets by March 2017, warning the central bank would monitor whether concessions made to lenders were being misused.
Dec 01, 2015, 20:04 PM ISTCredit, deposits growth decline in Q2: RBI
The growth rate of deposits and credit was 12.3 percent and 9.5 percent, respectively, in the same quarter last year.
Nov 26, 2015, 23:54 PM ISTBank credit grows 9.54% to Rs 67,83,127 crore
Schedule commercial banks' credit increased by 9.54 percent to Rs 67,83,127 crore in the fortnight ended October 16, according to RBI data.
Oct 28, 2015, 22:58 PM ISTIDFC Bank goes live with 'soft launch' of 23 branches
IDFC Bank Thursday went live with a "soft launch" at 23 locations, including 15 branches in rural Madhya Pradesh, becoming the 91st scheduled commercial bank in the country.
Oct 01, 2015, 21:36 PM ISTICICI Lombard in bancassurance tie-up with CSB
The company will able to offer general insurance solutions to the bank's customer base in Kerala, Tamil Nadu, Karnataka and Maharashtra.
Sep 03, 2015, 15:54 PM ISTPayments bank will bring millions unbanked into banking folds: Airtel
Bharti Airtel Wednesday said the payments bank licence will help in bringing millions of unbanked Indians into the folds of banking services.
Aug 19, 2015, 22:30 PM ISTStandard Chartered slashes dividend on profit slump
Asia-focused British bank Standard Chartered slashed dividends by 50 percent on Wednesday after profits plunged in the first half of the year, its first result under new leadership as it struggles to return to growth.
Aug 05, 2015, 17:38 PM ISTBank stocks gain up to 9% ahead of RBI policy
Bank stocks were in demand Monday, surging up to 9 percent, ahead of RBI's policy review meeting tomorrow and on hopes of an interest rate cut.
Aug 03, 2015, 20:38 PM ISTFederal Bank stock slumps 7% as Q1 net drops
Shares of Federal Bank slumped nearly 7 percent today after it reported 35.8 percent fall in net profit for the first quarter of 2015-16.
Jul 20, 2015, 22:37 PM ISTBank of Korea holds interest rate at record low
South Korea`s central bank left its benchmark interest rate unchanged at a record low of 1.5 percent Thursday, as officials monitor the economic fallout from an outbreak of the MERS virus.
Jul 09, 2015, 07:51 AM ISTLack of new Greek proposals leaves eurozone leaders on edge
Greek Prime Minister Alexis Tsipras strode into a summit of eurozone leaders with a beaming smile Tuesday, but was met with anger when it became clear he had no written proposal on how to save his country from financial ruin.
Jul 08, 2015, 00:43 AM ISTAnti-austerity protests in Greece as bank shutdown bites
Tens of thousands of Greeks rallied on Monday to back their leftwing government`s rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system.
Jun 30, 2015, 05:50 AM ISTGreek banks shut until July 6, ATM withdrawal limit 60 euros a day: Govt
Greek banks will remain closed until July 6 -- the day after a referendum on bailout proposals -- and ATM withdrawals will be limited to 60 euros ($65) a day in the same period, according to an official decree published early Monday.
Jun 29, 2015, 07:16 AM ISTAlexis Tsipras announces capital controls, banks closed after run on ATMs
Greek banks and the Athens stock market will be closed on Monday and capital controls will be imposed, Prime Minister Alexis Tsipras announced, pleading for calm after anxious citizens emptied ATMs in a dramatic escalation of the country`s debt crisis.
Jun 29, 2015, 02:27 AM ISTGreece to shut banks, stock exchange on Monday as crisis deepens
Greek banks and the stock exchange will be shut on Monday after creditors refused to extend the country`s bailout and savers queued to withdraw cash, taking Athens` standoff with the European Union and the International Monetary Fund to a dangerous new level.
Jun 29, 2015, 00:35 AM IST