Written By: Varun Sinha | March 11, 2014 12:17 (IST)
The outperformance in banking stocks could provide fresh legs to the market rally because financial services have the biggest weightage (26 per cent) on the Nifty. In other words, the banking sector is the most influential sector on the Nifty and if it starts outperforming, the Nifty is bound to rise at a faster pace.
March 11, 2014 09:54 (IST)
Most of us prefer to get our car purchases financed. Car loans can be easily availed through either your own bank or even other banks. However, there are a number of frequently asked questions regarding car loans.
New Delhi | March 09, 2014 17:34 (IST)
In March 2013, only 37,672 branches had onsite ATMs, and thus 34,668 more were to be installed.
Mumbai | March 09, 2014 15:19 (IST)
Deposits at commercial banks stood at Rs 6,565,137 crore during the same period last year, the fortnightly data said. Bank credit grew at 14 per cent year-on-year to Rs 5,861,736 crore as on February 21, as against Rs 5,127,264 crore in the same period last year.
Mumbai | March 08, 2014 17:04 (IST)
When asked for the business details, Ms. Kochhar refused to call the vertical either as a profit center nor did she say that it is part of its CSR efforts. It is an "initiative" which has wide impact on the society, bank's managing director and chief executive Chanda Kochhar said.
Kolkata | March 07, 2014 17:43 (IST)
State Bank of India has proposed to offer share purchase scheme for all its employees which could raise additional equity capital, between Rs 800 crore and Rs 1,200 crore, for the country's largest lender.
Chennai | March 07, 2014 16:48 (IST)
The bank posted net profits of Rs 7.43 crore for the third quarter ending Dec 31, 2013 down by 76.2 per cent from Rs 31.30 crore registered in the same period of previous year.
March 07, 2014 13:48 (IST)
About 25 players in the fray for bank licences. Public sector units India Post and IFCI and private players such as Anil Ambani group and Aditya Birla group are among the applicants.
March 06, 2014 15:55 (IST)
Acharya, who headed the mid-corporate group as deputy managing director, was forced to go on leave in November after the CBI case charged him with taking pecuniary benefits to clear a loan. However, he was given a clean chit in an internal probe by the bank.
March 05, 2014 20:39 (IST)
For 2013, the operating profit from wholesale banking was down 1 per cent to $577 million, while, the same for consumer banking was up 26 per cent at $120 million.
New Delhi | March 05, 2014 19:43 (IST)
The Finance Minister is scheduled to address the Reserve Bank of India board here on March 7. Besides the UBI issue, Chidambaram will discuss matters related to new bank licences.
March 05, 2014 18:16 (IST)
The Reserve Bank is likely to issue a few bank licences notwithstanding the model code of conduct which came into force from today, Finance Minister P Chidambaram said.
March 04, 2014 18:19 (IST)
The company, which largely finances trucks, buses and tractors, started focusing on this segment six months ago. Out of the total $8 billion assets under management, heavy commercial vehicles account for 40 percent, outlook for which continues to be grim.
March 03, 2014 20:06 (IST)
Term deposits with maturity of 31-45 days would earn interest rate of 9.25 per cent, higher by 3.25 per cent from existing 6 per cent, OBC said in a statement.
Tiruchirappalli | March 02, 2014 18:33 (IST)
Faced with rising bad loan problems, the country's largest lender last month had announced a new roadmap which will limit slippages and also give early warning on stressed assets.
March 01, 2014 18:42 (IST)
There are chances that you are piling on debt with you credit cards. It is better that you start dealing with it now rather than wait for it to get out of control. Here are 6 ways to deal with credit card debt.
March 01, 2014 14:16 (IST)
Taking some significant steps can minimize their risk of such fraudulent transactions.
February 28, 2014 21:09 (IST)
The government infused Rs 150 crore by way of preferential allotment in December. This lead to increase in government shareholding in the bank to 59.13 per cent from 58 per cent.
February 28, 2014 20:31 (IST)
The borrowing, in the form of a syndicated loan facility, is the first by an Indian housing finance company and has a tenor of 5 years with the interest rate set at a spread of 1.75 percentage points over dollar Libor.
February 26, 2014 20:22 (IST)
Earlier this week, Rajan had said on the sidelines of the G20 summit in Sydney that the government was on the same page as the RBI on inflation targeting.