October 25, 2014 13:31 (IST)
Deutsche Bank passed the stress test led by the European Central Bank (ECB) by a wide margin, showing balance sheet strength well above the minimum requirements set by Europe's new banking regulator, two sources familiar with the matter said on Friday.
October 25, 2014 12:17 (IST)
Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the Reserve Bank of India (RBI) has signalled it will not ease policy until it is confident of lower inflation.
October 24, 2014 23:15 (IST)
Aditya Birla Group has announced a joint venture with a South African insurance giant to enter the Indian health insurance market.
October 24, 2014 12:53 (IST)
When the stakes are so high, it is bound to affect us, we do get nervous, but also excited at the same time because buying a home is a big achievement too.
October 22, 2014 19:35 (IST)
A majority of the external members in the Reserve Bank of India's monetary policy committee suggested the repo rate be cut by at least 25 basis points (0.25 per cent) at the review on September 30, minutes released by the apex bank on Wednesday showed.
October 22, 2014 15:44 (IST)
Its results were at par with street estimates as analysts polled by NDTV had estimated its profit at Rs 1,365 crore on net interest income of Rs 1,579 crore.
October 21, 2014 21:42 (IST)
Customers who have not complied with KYC (know your customer) requirements despite repeated reminders may face trouble as the Reserve Bank of India (RBI) has asked banks to partially freeze and subsequently close such accounts.
October 21, 2014 20:59 (IST)
Bank's provisioning and contingencies jumped to Rs 95.71 crore in the second quarter 2014-15, up from 19.76 crore in the year ago period.
Mumbai/New Delhi | October 21, 2014 19:01 (IST)
Analysts had on average expected a net profit of Rs 2,425 crore for HDFC Bank, according to data compiled by Thomson Reuters.
October 20, 2014 23:49 (IST)
State Bank of India is determined to carry on retail banking operations in the UK despite a recent crackdown by the Bank of England on the operations of foreign-owned banks in the country.
October 20, 2014 22:49 (IST)
The government has set up a committee to frame bankruptcy law to enable entrepreneurs to close down unviable businesses.
October 20, 2014 19:19 (IST)
Officials who attended the meeting included the central bank governor, deputy governors, executive director, officials from the finance ministry and other stock and insurance sector regulators, among others.
New Delhi | October 20, 2014 15:38 (IST)
The NCDs will be offered for three different tenures of 5 years, 7 years and 10 years with varying coupon rates ranging from 9.4 per cent to 9.10 per cent.
October 20, 2014 12:54 (IST)
Axis Bank , which reported its second quarter earnings on Friday, was the top gainer on the banking sub-index on the BSE. Nomura on Monday raised its target price on Axis Bank from Rs 460 to Rs 490 citing a beat in its pre-provision operating profit (PPOP).
October 16, 2014 22:00 (IST)
Private banks are likely to post a 19 per cent growth in profit after tax in the second quarter ended September 30.
October 16, 2014 19:47 (IST)
India's state-owned banks, weighed down by bad loans and lacklustre profits, could within months begin the sale of billions of dollars of unwanted assets to help raise cash needed to meet tougher regulation.
October 16, 2014 18:19 (IST)
Axis Bank Ltd, India's third-biggest private sector lender, said on Thursday it cut its base lending rate by 10 basis points, effective October 15, becoming the first bank to cut lending rate in recent months.
October 16, 2014 17:15 (IST)
The central bank will also allow more participation in the currency futures market, expanding the scope for investors to hedge, Dr Rajan told students at a business school in Hyderabad.
October 15, 2014 22:38 (IST)
The Reserve Bank of India (RBI) will soon invite applications for licences in three categories - small banks, payment banks and universal banks - to achieve financial inclusion target, Financial Services Secretary G S Sandhu said on Wednesday.
October 15, 2014 22:14 (IST)
The Reserve Bank of India (RBI) would issue guidelines for small finance banks in a few weeks as it pushed for financial inclusion backed by technology.