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As RBI seen pausing,banks may now cut rates

April 22, 2009 2:45:51 pm

The Reserve Bank of India may be near the end of a rate-cutting spree,but commercial bank lending rates look set to fall further.

Most banks have adequate capital: Geithner

April 22, 2009 12:46:54 pm

Most US banks have enough capital to keep lending,Treasury Secretary Geithner said.

Bank stocks witness nervous trading

April 21, 2009 10:59:01 am

Stocks of banking firms,including SBI and ICICI,dipped as much as 4% in the morning trade.

PE,life insurance chiefs may quit ICICI group

April 17, 2009 2:18:37 pm

The country's largest private-sector banking conglomerate,ICICI Bank,is in for a major top- management shake-up.

Banks to see mixed Q4 earnings

April 16, 2009 2:20:41 pm

Credit growth shrunk to 17.3 pct as on March 27 from 24.01 pct on Jan. 2,RBI data showed.

IBM inks 10-yr pact with Kurmanchal Bank

April 13, 2009 8:31:37 pm

Technology leader IBM said it has signed a 10-year outsourcing agreement with Nainital-based Kurmanchal Nagar Sahakari Bank to host and manage its IT infrastructure.

Little scope to cut PLR: PNB

April 13, 2009 1:15:45 pm

Punjab National Bank on Monday said there is little scope for reduction in prime lending rate in the present circumstances.

Banks fear rise in NPAs this fiscal

April 8, 2009 4:55:55 pm

Bankers also informed the apex bank that it would be difficult to bring down lending rates unless the retail and bulk deposit rates decline.

PayMate in tie-up with UAE’s Mashreq Bank

April 7, 2009 1:56:45 pm

Mobile commerce company PayMate has partnered UAE-based private bank Mashreq to launch mobile payment services in the country.

Banks settle IPO litigation for $600 mn

April 7, 2009 12:31:59 pm

A settlement agreement could end a series of investor lawsuits beginning in late 2000.

NY bankers best paid,London at bottom: Poll

April 6, 2009 4:57:18 pm

London bankers' mighty pay has fallen from the highest level to the lowest,with Wall Street financiers grabbing the top spot.

Remittances from NRIs may dip by 20%

April 1, 2009 3:33:00 pm

With the migrant workers losing jobs,remittances from NRIs could decline by 20 pct this fiscal.

Govt abolishes banking transaction tax

April 1, 2009 2:12:40 pm

The levy was introduced in 2005 to track unaccounted money and trace its source.

Asia banks see chance as Western rivals retreat

April 1, 2009 12:25:45 pm

Asia's banks are likely to step in with loans and boost their presence across the region as the credit crisis has forced big Western rivals to retreat.

Apply laws for PSU banks to pvt banks also: Sleuths

March 31, 2009 11:18:03 am

The idea was mooted during a meeting of officials of the Central Vigilance Commission,the CBI and other security agencies recently,official sources said.

SIDBI looking at $700-900 mn foreign borrowing

March 31, 2009 10:21:15 am

The Small Industries Development Bank of India (SIDBI) on Tuesday said it is looking at foreign borrowings to the tune of USD 700-900 million for the next fiscal year.

OBC likely to cut deposit rates by 50 bps

March 30, 2009 3:52:40 pm

Public sector lender Oriental Bank of Commerce may cut interest rates for deposits of one year by 50 basis points on Tuesday.

OBC to slash PLR by 50 bps from next month

March 27, 2009 3:07:01 pm

Oriental Bank of Commerce said it will reduce its benchmark prime lending rate by 50 basis points to 12 per cent,with effect from April 1.

Not much scope to slash lending rates now: PNB

March 27, 2009 2:35:22 pm

Punjab National Bank,the country's second largest state-run lender,said there is no further scope for the banks to slash their lending rates.

Hyundai and Bank of India enter into MOU for car loans

March 27, 2009 9:22:50 am

HMIL in a bid to enhance financing options for its customers,signed a Memorandum of Understanding (MOU) with Bank of India.

Allahabad Bank closes perpetual bond sale

March 26, 2009 10:36:25 am

Allahabad Bank closed its sale of perpetual bonds earlier than scheduled after collecting extra bids,the bank said on Thursday.

Indian Bank opens new branch in Vijayawada

March 24, 2009 4:10:26 pm

Indian Bank on Tuesday opened a new branch at Gannavaram town about 15 km from Vijayawada.

RBI annual policy review on April 21

March 20, 2009 12:48:23 pm

The Reserve Bank of India will release its annual monetary policy statement for the 2009/10 fiscal year (April/March) on April 21.

Tata Motors ties up with Indian Bank for retail finance

March 19, 2009 1:24:16 pm

Tata Motors,on Thursday said it has tied up with public sector lender Indian Bank for providing financing facilities.

Tata Motors ties up with Andhra Bank

March 18, 2009 1:06:06 pm

Auto maker Tata Motors on Wednesday said it has tied up with public-sector lender Andhra Bank for providing retail finance facilities to its passenger vehicle customers.