Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Saturday, December 14, 2019

banking

RBI has not put banks on alert: Shaktikanta Das

The Reserve Bank of India said it has not put banks on alert, as reported by a section of media, but asked lenders to remain prepared to face emergin...

ICICI Bank inaugurates new service center in Bahrain

ICICI Bank said India's Ambassador to Bahrain Alok Kumar Sinha inaugurated its new 'service center' in Bahrain, making it the bank's second physical ...

RBL Bank raises Rs 2,025 cr through QIP

RBL Bank said it has raised Rs 2,025.27 crore from institutional investors through a qualified institutional placement offering (QIP) and will utilis...

Kerala to get its own bank soon

The Kerala government's long pending dream of setting up its own bank, by merging the district co-operative banks, was set to become a reality with t...

RBI may cut interest rates again to support growth

The Reserve Bank may cut interest rates for the sixth straight time on December 5 to support growth that has continued to slip to more than six-year ...

VistaRa, SBI launch co-branded credit card

The State Bank of India (SBI) and full-service carrier Vistara launched a premium, co-branded credit card, which lets users avail benefits like free ...

PSU banks disburse Rs 2.52 lakh cr loans in Oct

Public sector banks disbursed a record Rs 2.52 lakh crore of loans during the festive month of October, the Finance Ministry said. An amount of Rs 1....

PSBs reported frauds of over Rs 95,700 cr in Apr-Sep

Government owned banks reported frauds of over Rs 95,700 crore in the first six months of the current fiscal, the Parliament was informed. "According...

RBI to cut rates by 40 bps by Feb despite high inflation: Report

Headline inflation is bound to rise further to 5 per cent for November, but despite the pinch in price rise, the Reserve Bank will go for two consecu...

Allahabad Bank loss widens to Rs 2,103 cr in Q2

Allahabad Bank reported widening of net loss to Rs 2,103.19 crore for the September quarter 2019-20 due to higher provision for bad loans. The state-...

SBI steeply slashes deposit rates

Country's largest lender State Bank of India reduced its marginal cost of fund based lending rate (MCLR) by 5 basis points across all tenors, effecti...

Banks unwilling to give Kisan Credit Cards: Minister

Union Minister of State for Agriculture Purushottam Rupala said many banks have been found to be 'unwilling' to extend the Centre's Kisan Credit Card...

Withdrawal limit for PMC bank depositors raised to Rs 50,000

In further relief to customers of scam-hit Punjab & Maharashtra Cooperative (PMC) Bank, the Reserve Bank on Tuesday enhanced the withdrawal limit...

RBI imposes Rs 35 lakh fine on Tamilnad Mercantile Bank

The Reserve Bank has imposed a penalty of Rs 35 lakh on Tamilnad Mercantile Bank for violating norms on frauds classification and notification. The c...

Close to 70 senior bankers in fray for LVB top-post

Close to 70 senior bank executives are in the fray to occupy the corner room office of the chief executive and managing director of the Tamil Nadu-ba...

SBI Q2 profit surges six-fold to Rs 3,375 cr

The country's largest lender SBI reported a nearly six-fold jump in its consolidated net profit to Rs 3,375.40 crore for the second quarter ended Sep...

HDFC lowers lending rates by 10 bps to 8.25%

Mortgage major HDFC announced a 0.10 percentage points reduction in its floating rates, joining a growing list of lenders which are revising down the...

SBI brings back processing fee on home loans

After reducing deposit rates for its customers, State Bank of India has now decided to charge processing fees for home loans, top-up plans and loans ...

RBI gives nod for 'Kerala Bank'

The Kerala government's long pending dream of setting up its own bank, by merging district co-operative banks, is all set to become a reality with th...

RBI rejects proposed merger of Lakshmi Vilas Bank with Indiabulls

The Reserve Bank of India (RBI) has rejected the proposed merger of Lakshmi Vilas Bank Limited (LVB) with Indiabulls Housing Finance Limited (IBH), t...