Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Wednesday, April 24, 2019

banking

Govt raises authorised capital of Allahabad Bank to Rs 8,000 cr

State-owned Allahabad Bank said the government has increased its authorised capital by Rs 5,000 crore to Rs 8,000 crore. The central government after...

ICICI Bank launches insta car, two-wheeler loans

Private sector lender ICICI Bank announced the launch of insta car and two-wheeler loans that will provide existing customers final sanction letters ...

RBI imposes Rs 1 lakh penalty on Lucknow-based co-op bank

The Reserve Bank on Wednesday said it has imposed a penalty of Rs 1 lakh on UP Postal Primary Co-operative Bank, Lucknow for violation of norms regar...

Bank of Maharashtra gets Rs 205 cr capital from govt

State-owned Bank of Maharashtra on Monday said the government has infused Rs 205 crore into the bank in lieu of preferential allotment of shares. The...

Govt to infuse Rs 5,042 cr into BoB

The government has decided to infuse Rs 5,042 crore into state-owned Bank of Baroda (BoB) ahead of merger of two other public sector lenders Dena Ban...

SC refuses to stay merger of Vijaya, Dena banks with BOB

Clearing decks for the scheduled merger of three public sector lenders -- Vijaya Bank, Dena Bank and Bank of Baroda -- the Supreme Court on Thursday ...

Axis Bank board to meet on Apr 25 to consider fund raising

Private sector Axis Bank on Wednesday said it will consider raising funds in Indian as well as foreign currency by issuing debt instruments at its tw...

South Indian Bank to raise Rs 250 cr via bonds issue

South Indian Bank said it would raise Rs 250 crore by issuing Basel III-compliant bonds to add up to its tier-II capital. The capital planning and in...

Expect buyer for Jet Airways by May 31, says SBI Chairman

State Bank of India (SBI) said that it expects investors for the cash-strapped Jet Airways by the end of May and promoter Naresh Goyal has option of ...

BoI raises Rs 660 cr by selling shares to employees

State-owned Bank of India (BoI) said it has raised Rs 660.80 crore by issuing shares to employees under Employee Share Purchase Scheme (ESPS). The b...

RBI imposes Rs 8 cr fine on 3 banks for non-compliance in Swift operations

The Reserve Bank of India has imposed a total monetary fine of Rs 8 crore on three banks - Karnataka Bank, United Bank of India and Karur Vysya Bank ...

Ravneet Gill takes charge as Yes Bank MD, CEO

Yes Bank said Ravneet Gill has taken charge as its MD and CEO with immediate effect for a tenure of three years. "Ravneet Gill has joined Yes Bank as...

Link your PAN with bank for refunds: I-T to taxpayers

The Income Tax Department will 'only' issue refunds via the e-mode into bank accounts of taxpayers beginning next month and they should link PAN with...

Govt to infuse Rs 48,239 cr in 12 PSU banks

The Finance Ministry announced to pump in Rs 48,239 crore in 12 public sector banks (PSBs) to help them maintain regulatory capital requirements and ...

RBI to pay Rs 28,000 cr as interim dividend to govt

The Reserve Bank will pay an interim dividend of Rs 28,000 crore to the government, a move that will help the Centre keep fiscal deficit in check.The...

India needs fewer and mega banks: Jaitley

Finance Minister Arun Jaitley said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five assoc...

Indian Bank revises interest rates on term deposits

Public sector Indian Bank has revised interest rates on domestic term deposits with immediate effect.Indian Bank announced upward revision in interes...

Edelweiss, Bank of Singapore sign MoU for strategic partnership

Edelweiss Group said it has signed a memorandum of understanding (MoU) with Bank of Singapore to form a strategic partnership to provide clients of b...

Yes Bank shares zoom 30%; m-cap rises by Rs 8,590 cr

Shares of Yes Bank zoomed 30 per cent in morning trade on Thursday after the company said that the RBI has not found any divergence in the asset clas...

SBI, Oriental Bank put on sale stressed accounts to recover dues of Rs 5,740 cr

State-owned State Bank of India (SBI) and Oriental Bank of Commerce (OBC) have put on sale various financial accounts to recover dues of around Rs 5,...

RBI cuts key interest rate by 0.25%

The Reserve Bank of India cut benchmark interest rate by 0.25 per cent to 6.25 per cent on expectation of inflation staying within its target range, ...

Other banks to be out of PCA framework soon: Minister

A day after three PSU banks were removed from Prompt Corrective Action (PCA) framework of the RBI, Finance Minister Piyush Goyal expressed hope that ...

Chanda Kochhar denies guilt after ICICI Bank fires her with retrospective effect

Ten months after giving clean chit to Chief Executive Chanda Kochhar over the Videocon loan, ICICI Bank sacked her on Wednesday with retrospective ef...

ICICI Bank Q3 profit down 3% at Rs 1,605 cr

Country's largest private sector lender ICICI Bank reported 2.7 per cent decline in standalone net profit to Rs 1,604.91 crore for the third quarter ...

ICICI Bank case: CBI transfers investigating officer

  The CBI has transferred the investigating officer in the ICICI Bank case as its 'discreet inquiry' suggested his role in leaking information re...

Lenders considering resolution plan for Jet Airways: SBI

State Bank of India (SBI) said lenders are considering a resolution plan for Jet Airways to ensure long-term viability of the debt-laden company. Th...

Govt to infuse Rs 6,000 cr in Exim Bank over two years

The government decided to recapitalise state-owned Exim Bank to the tune of Rs 6,000 crore and double its authorised capital to Rs 20,000 crore. The ...

Union Cabinet approves capital infusion in Exim Bank

The Union Cabinet approved fund infusion in Export-Import Bank of India (Exim Bank), sources said. The infusion would help the bank expand its busine...

PNB MetLife, ESAF Bank enter into strategic partnership

PNB MetLife and Kerala-based ESAF Small Finance Bank have entered into a strategic partnership to provide customers an expanded financial services su...