NIM is the difference between what a bank earns through interest and fees and what it pays on the same heads.
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 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.
A redressal forum directed State Bank of India at Hoshiarpur to pay Rs 24,056 as compensation to one of its account holders.
Shares of Indian Bank closed at Rs 163 on the BSE on Friday,valuing it at Rs 7,005 crore.
Finance Ministry is considering a proposal to further consolidate number of Regional Rural Banks to 55.
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 joined its larger peers like SBI and ICICI Bank to sell overseas dollar bonds.
The latest high-frequency readings suggest a relatively steady pace of expansion.
The Bank posted net profit of Rs 216.08 crore in the April-June quarter of 2011-12.
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.
Responding to a query the Governor,RBI looks into all the aspects of the entities it regulates.
The 8.15 per cent G-Sec maturing in 2022 climbed to Rs 100.4925 from Rs 100.4225
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.
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.
The rupee today strengthened by 20 paise to close at 55.11 against dollar.
The 9.15 per cent government security maturing in 2024 dipped to Rs 106.43 from 106.68 previously.
RBI today said it is working on launching plastic currency and will soon launch a pilot project for the same.
Prasad opened his saving account at PNB on October 24,1962 with an amount of Rs 500.
Uday Kotak says Indian banks face some real risks from their disproportionate exposure to a few large companies.
Celebrities who tested positive for coronavirus