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Tuesday, September 21, 2021

Portfolio managers may keep all client funds in one bank a/c

June 23, 2009 4:03:05 pm

In a move that will provide some relief to portfolio managers,market regulator SEBI allowed them to keep the funds of all clients in a single bank account.

Sarasin to open offices in Mumbai,Delhi

June 23, 2009 1:09:34 pm

Swiss private bank Sarasin will open its first offices in India in July,providing financial advisory and consultancy services.

PNB aims business of 10 lakh crore

June 14, 2009 3:24:20 pm

The country's second largest public sector lender Punjab National Bank aims to double its profit.

RBI unlikely to cut rates soon: Moody’s

June 11, 2009 3:07:50 pm

Despite improvement in growth,probability RBI will hike rates soon was slim,Moody's said.

PSU banks should consider mergers: FM

June 10, 2009 4:51:30 pm

FM said PSU banks should consider mergers to be more competitive and to reduce risks.

FM meets PSU bankers on Wed,to review rate cut

June 9, 2009 8:10:57 pm

Finance Minister Pranab Mukherjee will meet heads of public sector banks and is expected to impress upon them the need to further moderate interest rates and increase credit flow to industry.

SBI to hire 13,000 staff during current fiscal

June 9, 2009 6:55:52 pm

State Bank of India,plans to recruit 13,000 persons at various levels during the current fiscal.

ICICI to diversify revenue streams: Kochhar

June 5, 2009 2:57:33 pm

ICICI is looking at expanding fund-generation profile to capitalise on forthcoming opportunities.

Union Bank eyes biz of nearly Rs 3-lakh cr in FY10

June 3, 2009 11:01:39 am

Embarking upon this high-tech business model in 2007,Union Bank proposes to step up its syndicated loans to Rs 25,000 cr this year.

‘Five former Citi execs not to get severance payouts’

June 2, 2009 6:47:27 pm

Citigroup will not pay its five former top executives millions of dollars in promised severance payouts,says a media report.

Corporation Bank sees scope to cut rates

May 27, 2009 12:55:02 pm

Corporation Bank sees scope to cut lending rates by 25 to 50 bps,a top official said on Wednesday.

GM bankruptcy likely next week: Report

May 22, 2009 4:34:45 pm

The US Govt is preparing to steer General Motors into bankruptcy as early as the end of next week.

Big US banks selling stock to repay govt

May 12, 2009 8:54:49 am

Four big US banks said they would sell $6.55 bn of common stock and repay bailout funds.

Battered UBS reports $1.8 bn Q1 loss

May 5, 2009 5:52:31 pm

Swiss banking major UBS has posted a first quarter loss of two billion Swiss francs and has warned of economic turmoil negatively.

Dhanalakshmi Bank to hire 1300 employees

April 30, 2009 1:23:50 pm

The bank plans to add 66 new branches all over India this year to total 273 branches.

RBI may cut rates again after polls: HSBC

April 29, 2009 3:44:40 pm

RBI may cut key rates by a further 25 bps after a new govt assumes power,HSBC said in a note.

Citibank cuts PLR by 25 basis points

April 29, 2009 2:22:51 pm

Foreign lender Citibank cut its benchmark lending rate by 25 basis points to 14.75 per cent,a week after the RBI reduced short-term policy rates by quarter percentage point.

PNB sees 50-100 bps cut in rates

April 28, 2009 12:30:45 pm

State-run Punjab National Bank sees a 50-100 basis points cut in lending and deposit rates.

ICICI Bank seeks clarity on new FDI policy

April 28, 2009 12:05:02 pm

The new norms say if indirect FDI exceeds 50%,investment will be treated as foreign investment.

Rising bad debts cast shadow over bank earnings

April 23, 2009 12:57:55 pm

Rising bad debts,or non-performing loans,will be in focus at Indian banks in the coming quarters.

Banks can give loan guarantees for over 10 yrs

April 23, 2009 11:35:42 am

Indian banks can now issue loan guarantees for more than 10 years,the RBI said in a notification posted on its website.

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.