Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Monday, September 24, 2018

banking

Govt appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued on ...

MFIs should expand presence in North India: RBI Deputy Governor

RBI Deputy Governor N.S Vishwanathan said that there is much scope for increasing credit penetration in Northern part of the country and microfinance...

Moody's affirms YES Bank's ratings

Moody's Investors Service affirmed the ratings of Yes Bank, a day after RBI curtailed term of the midsize private lender's promoter chief executive R...

Govt appoints MDs, CEOs in 10 nationalised banks

Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India, have been appointed as managing director and chief e...

Vijaya Bank, Dena Bank, Bank of Baroda to merge

The government will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India's third largest lender, a top government official sai...

Union Bank of India exits Antwerp diamond market

State-owned Union Bank of India has decided to quit Antwerp diamond hub in Belgium as the branch did not generate expected business, a senior bank of...

20 lakh people join modified 'Jan Dhan' scheme

As many as 20 lakh people have joined the modified 'Pradhan Mantri Jan Dhan Yojna' (PMJDY), taking the total number of account holders in the flagshi...

United Bank of India increases MCLR by 5 basis points

Public lender United Bank of India has increased the marginal cost of funds based lending rate (MCLR) by 5 basis point or 0.05 per cent across tenors...

RBI submitted a list of high profile fraud cases to PMO: Raghuram

A list of high profile cases related to banking frauds was sent to the Prime Minister's Office (PMO) for a coordinated action, said former RBI Govern...

RBI slaps Rs 1 cr fine each on UBI, BoI, Maharashtra Bank

The Reserve Bank has imposed a total penalty of Rs 3 crore on three state-run banks of Union Bank of India, Bank of India and Bank of Maharashtra for...

Anshula Kant appointed as SBI Managing Director

Anshula Kant was appointed as the Managing Director of State Bank of India (SBI), an official order said. She is at present the Deputy MD in the bank...

Kerala floods: SBI, staff donate Rs 10 cr to relief fund

State Bank of India and its employees have donated Rs 10 crore in the Chief Minister's Distress Relief Fund in the flood-ravaged Kerala, said the cou...

PM launches IPPB; postman to deliver doorstep banking services

Prime Minister Narendra Modi launched India Post Payments Bank (IPPB) that aims to take banking to the doorstep of every citizen by arming three lakh...

SBI hikes benchmark lending rate by 0.2%

Home, auto and other loans would become costlier as the country's largest lender SBI increased its benchmark lending rates or MCLR by 0.2 per cent, a...

PM to launch India Post Payments Bank on Sept 1

Prime Minister Narendra Modi will launch the India Post Payments Bank (IPPB) on Saturday that seeks to leverage the expansive network of the postal d...

RBI employees to go on mass leave on Sept 4, 5 over pension issues

The United Forum of Reserve Bank Officers and Employees said its members will go on mass casual leave on September 4 and 5, pressing their long-pendi...

Banks to come out of PCA framework by this fiscal: Secretary

Asserting that the worst is behind for state-owned lenders, Financial Services Secretary Rajiv Kumar expressed hope that the banks would come out of ...

IDBI raises MCLR by 5-10 bps

State-owned IDBI Bank said it has increased the marginal cost of funds based lending rate (MCLR) by up to 0.10 per cent for various tenors. The new ...

SBI posts Q1 loss of Rs 4,876 cr as bad loans rise

The country's largest lender SBI reported a hefty loss of Rs 4,876 crore for the June quarter due to higher bad loans. The bank had earned a net prof...

Accepted RBI directorship in public interest: Swaminathan Gurumurthy

The government has appointed Chartered Accountant Swaminathan Gurumurthy, who is associated with the Rashtriya Swayamsevak Sangh affiliate Swadeshi J...

PNB Q1 loss at Rs 940 cr on rise in provisioning

Punjab National Bank suffered a net loss of Rs 940 crore in April-June 2018 due to higher provisioning for the multi-crore Nirav Modi scam and NPAs d...

Indian Bank revises interest rates on FCNR(B) deposits

Public sector Indian Bank has revised interest rates on foreign currency non-resident (banking) deposits with immediate effect.The revised interest r...

SBI raises interest rate on FDs by up to 0.1%

Ahead of RBI's monetary policy announcement, the country's largest lender State Bank of India (SBI) has hiked interest rate on fixed deposits by up t...

ICICI Bank posts loss of Rs 120 cr in Q1

ICICI Bank reported a loss of Rs 119.5 crore on standalone basis for the June quarter, on account of rise in bad loans. The bank's net profit in the ...

RBI has wide ranging powers to deal with various situations facing banks: Govt

The Reserve Bank has "wide-ranging and comprehensive" powers to address various situations in banks, the government said against the backdrop of RBI ...

HDFC Bank Q1 net up 18% to Rs 4,601 cr

HDFC Bank reported an 18.2 per cent increase in its net profit at Rs 4,601.44 crore for the quarter ended June. The private sector lender had registe...

RBI to issue new Rs 100 notes shortly

  The Reserve Bank of India will shortly release the new Rs 100 currency note, the Central Bank said in a press release.The new currency note wi...

IDBI Bank seeks govt nod for majority stake sale to LIC

The board of IDBI Bank decided to seek the government's decision on LIC's proposal to acquire up to 51 per cent stake in the debt ridden bank. The bo...

LIC gets board's nod to buy majority stake in IDBI Bank

The LIC board gave approval to the insurance behemoth to acquire IDBI Bank by raising stake to 51 per cent via preferential shares, Economic Affairs ...