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.
October 15, 2014 20:35 (IST)
The Finance Ministry has exuded confidence that the target of opening 7.5 crore bank accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) would be met by the end of December.
October 15, 2014 20:33 (IST)
The Insurance Regulatory and Development Authority of India (IRDA) has said it will align its corporate governance and disclosure norms in accordance with the new Companies Act, 2013. It has also set up a 12-member committee under its member R K Nair for the same.
October 15, 2014 18:17 (IST)
India biggest bank State Bank of India (SBI) has come up with new norms for ATM transactions, offering more free ATM usage for customers maintaining higher account balance.
October 14, 2014 21:14 (IST)
Even though headline retail inflation in India eased to a five-year low of 6.5 per cent in September, analysts say the Reserve Bank is unlikely to cut its key rates in the remaining period of this fiscal year.
October 14, 2014 12:39 (IST)
The Bank Nifty recovered sharply to trade 0.42 per cent higher at 15,744 after hitting a low of 15,560 during the intra-day. Axis Bank gained 2.4 per cent higher, while IndusInd Bank was up 2.2 per cent at Rs 649.
October 13, 2014 23:47 (IST)
RBI Asks Banks to Comply With One Address Proof Norm
October 13, 2014 23:46 (IST)
A recent revision in liquidity guidelines under the Basel-III framework by the Reserve Bank of India (RBI) will help lenders meet the 60 per cent liquidity coverage ratio (LCR) threshold set for January 2015, ratings agency Crisil said on Monday.
October 13, 2014 22:15 (IST)
Central Bank of India has announced a reduction in its deposit rates on various maturities in the range of 5 to 175 basis points here on Monday.
October 10, 2014 23:55 (IST)
The Finance Ministry said on Friday that 5.52 crore bank accounts have been opened till October 7 and deposits of Rs 4,268 crore have been mobilised under the Pradhan Mantri Jan Dhan Yojana (PMJDY).
October 10, 2014 23:41 (IST)
Punjab National Bank on Friday realigned interest rates on fixed deposits of Rs 1-10 crore by up to 2 per cent.
October 10, 2014 23:30 (IST)
Norwegian telecom major Telenor has said that it is evaluating the 'payment banks' business opportunity in India.
October 10, 2014 23:05 (IST)
An internal committee of the Insurance Regulatory and Development Authority (Irda) has recommended hiking foreign direct investment (FDI) in all insurance sector intermediaries like brokers, surveyors, third-party administrators (TPAs) and web aggregators to 49 per cent from the current 26 per cent.
October 10, 2014 22:43 (IST)
The Reserve Bank of India (RBI) on Friday said the number of free transactions in a month at non-home ATMs would remain three in the six identified metros but customers of these centres can use their cards without cost two more times in non-metro centres.