Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Wednesday, January 29, 2020

banking

SBI Life Insurance Q3 net profit up 47.5%

Private life insurer SBI Life Insurance posted a 47.5 percent year-on-year (YoY) increase in its December quarter (Q3) net profit at Rs 389.77 crore....

Challa Sreenivasulu Setty appointed as MD of SBI

The government appointed Challa Sreenivasulu Setty as the managing director of the State Bank of India for a period of three years, according to an o...

Interim dividend issue may come up in next RBI's board meeting

The issue of interim dividend may come up for discussion in the next Reserve Bank board meeting as the government struggles to meet its ambitious fis...

Bank unions call 2-day strike from Jan 31

Bank unions called for a two-day nationwide strike on January 31 and February 1 after talks over wage revision failed to make headway with the Indian...

Michael Debabrata Patra is new RBI deputy governor

Michael Debabrata Patra has been appointed deputy governor of the Reserve Bank of India (RBI), according to a Personnel Ministry order. He has been a...

ICICI Bank seeks recovery of amounts from Chanda Kochhar

The ICICI bank has approached the Bombay High Court seeking effect to 'termination of appointment' of Chanda Kochhar as its Managing Director and CEO...

RBI launches app to help visually impaired identify notes

The Reserve Bank of India (RBI) Governor Shaktikanta Das launched a mobile app to help visually-impaired people to identify the denomination of curre...

SBI introduces OTP-based ATM cash withdrawal rule

Considering the rise on ATM-related frauds, State Bank of India (SBI) has introduced a one-time password (OTP)-based cash withdrawal system for its A...

Allahabad Bank shares jump 11% on capital infusion

Shares of Allahabad Bank on Friday jumped 11 per cent after the company said it will get a fresh capital infusion of Rs 2,153 crore from the governme...

KMB best suited to acquire Yes Bank: Top bankers

Two of India's top bankers opined that Kotak Mahindra Bank (KMB) is best suited to acquire smaller and capital-starved rival Yes Bank. Yes Bank's cap...

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-...