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Friday, April 10, 2020

Corporation Bank sets Dec Q NIM target at 2.60%

October 8, 2012 10:52:08 am

NIM is the difference between what a bank earns through interest and fees and what it pays on the same heads.

HDFC bank joins hands with PUNGRAIN

September 29, 2012 5:15:21 pm

HDFC bank joined hands with Punjab Grains Procurement Corporation Ltd to facilitate payment to its commission agents spread over 350 mandis in Punjab.

Bank of Baroda to hire 20k people in 4 yrs; add 500 branches

September 25, 2012 1:14:34 am

Bank of Baroda is planning to hire around 20,000 people over the next four years and will add more than 500 domestic and international branches and offices in the current fiscal,a top official said on Monday.

State Bank of India ordered to pay Rs 24K with interest

September 20, 2012 5:20:23 pm

A redressal forum directed State Bank of India at Hoshiarpur to pay Rs 24,056 as compensation to one of its account holders.

Indian Bank may raise capital through FPO next fiscal

September 9, 2012 11:56:38 am

Shares of Indian Bank closed at Rs 163 on the BSE on Friday,valuing it at Rs 7,005 crore.

FinMin looking at consolidation of RRBs to 55

September 2, 2012 1:19:18 pm

Finance Ministry is considering a proposal to further consolidate number of Regional Rural Banks to 55.

Govt to move Cabinet note on Credit Guarantee Fund

August 24, 2012 4:24:44 am

The government will soon move a Cabinet note on the Credit Guarantee Fund,which seeks to provide education loans up to R7.5 lakh without any collateral security and third party guarantee.

Axis Bank raises $250 m from overseas bond sale at 5.125%

August 23, 2012 2:06:21 am

Axis Bank joined its larger peers like SBI and ICICI Bank to sell overseas dollar bonds.

No reason for RBI to cut rates next week: HSBC

July 26, 2012 5:07:56 pm

The latest high-frequency readings suggest a relatively steady pace of expansion.

YES Bank Q1 Net up 34.3 % at Rs 290 cr

July 25, 2012 5:28:48 pm

The Bank posted net profit of Rs 216.08 crore in the April-June quarter of 2011-12.

Fee income growth moderate

July 23, 2012 3:43:45 am

Adjusted loan growth at 21% y-o-y vs 30% reported: On a reported basis loan grew 30% y-o-y (flat q-o-q) to R1.7 trillion.

We look into all aspects of entities regulated by us: RBI

July 22, 2012 10:48:14 am

Responding to a query the Governor,RBI looks into all the aspects of the entities it regulates.

Bonds recover on good demand,call rate ends higher

July 20, 2012 8:17:20 pm

The 8.15 per cent G-Sec maturing in 2022 climbed to Rs 100.4925 from Rs 100.4225

Bonds recover on good demand,call rate ends stable

July 18, 2012 8:03:06 pm

The government securities recovered on good buying support from banks and corporates,while call money rates closed stable as demand from borrowing banks matched supplies.

Cheque fraud now comes at a higher price

July 18, 2012 1:58:04 am

The Supreme Court in the case of Nitin Gunwant Shah vs Indian Bank & Ors has allowed Indian Bank to sell a prime property in Mumbai and handover the possession of the property to the purchaser after evicting a person who claimed to be a tenant under an agreement.

Rupee gains 20 paise to end at 55.11 vs USD

July 17, 2012 8:26:01 pm

The rupee today strengthened by 20 paise to close at 55.11 against dollar.

Bonds react downwards,while call rate recovers

July 17, 2012 8:10:15 pm

The 9.15 per cent government security maturing in 2024 dipped to Rs 106.43 from 106.68 previously.

RBI to launch plastic currency on pilot basis in 5 centres

July 9, 2012 9:27:05 pm

RBI today said it is working on launching plastic currency and will soon launch a pilot project for the same.

50 yrs on,Rajendra Prasad’s bank a/c kept alive; Rs 1813 bal

July 5, 2012 4:25:29 pm

Prasad opened his saving account at PNB on October 24,1962 with an amount of Rs 500.

Over-exposure to few large companies risky for banks: Kotak

July 3, 2012 6:32:22 pm

Uday Kotak says Indian banks face some real risks from their disproportionate exposure to a few large companies.