On December 17, 2014 20:39 (IST)
The Reserve Bank of India (RBI) has fined ICICI Bank Ltd and state-run Bank of Baroda over violations of customer protection rules that allowed fraudsters to cash fake checks and postal orders for up to two years.
On December 15, 2014 17:01 (IST)
Software stocks led the decliners after sector leader TCS on Friday said seasonal trends would impact its Q3 revenue. TCS fell 3.8 per cent, Tech Mahindra ended down 3.6 per cent, Wipro lost 0.3 per cent, Infosys ended 0.7 per cent lower and HCL Tech...
On December 12, 2014 18:39 (IST)
Annual consumer price inflation eased for a fourth straight month in November to 4.38 per cent, its lowest level since government started releasing the data in 2012, government data showed on Friday.
On December 11, 2014 08:50 (IST)
The global sell-off in equities continues with most stock markets reacting negatively to weakness in crude oil prices. Fears about global growth slowdown have also weighed down on markets.
On December 10, 2014 10:46 (IST)
Axis Bank on Tuesday launched a 20-year home loan scheme at a fixed rate of 10.40 per cent for loans of up to Rs 50 lakh.
On December 05, 2014 09:22 (IST)
The Nifty opened higher on Friday tracking futures trade on Singapore Stock Exchange. Foreign investors remained net buyers of Indian equities on Thursday as they have bought shares worth Rs 474 crore in cash market. However domestic investors were n...
On December 04, 2014 21:43 (IST)
The senior unsecured redeemable non-convertible debentures have a maturity of 20 years and carry coupon of 8.85 per cent payable annually and will be allotted to the eligible investors tomorrow, the bank said in a statement.
On December 01, 2014 11:47 (IST)
Capital goods shares saw selling pressure. State-run BHEL was down over 2 per cent, while L&T traded with 1 per cent losses. Cairn India fell 2 per cent as falling crude oil prices are likely to weigh on its refining margins.
On November 25, 2014 11:10 (IST)
The lender's outstanding futures position increased by 47.5 per cent since October expiry, according to the NSE data.
On November 21, 2014 10:08 (IST)
Expectations for more merger and acquisitions (M&As) in the banking industry after Kotak Mahindra Bank's $2.4 billion takeover deal with ING Vysya boosted smaller lenders on Friday. Thursdays record deal has raised speculation over likely mergers in ...
On November 20, 2014 15:30 (IST)
Larsen & Toubro and Axis Bank fell over one per cent each as declining rupee lowers prospects of early rate cuts by the central bank.
On November 18, 2014 23:12 (IST)
The city-based bank claimed that at 3.25 per cent fixed rate coupon, this is the lowest ever paid by an issuer in this tenor for senior unsecured notes. The bonds are due 2020 and were issued by the Dubai branch. They will be listed on the Singapore ...
On November 18, 2014 09:23 (IST)
The Nifty opened flat on Tuesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors continued to be net buyers of Indian equities on Monday as they have bought shares worth Rs 656 crore in cash market. However domestic inves...
On November 17, 2014 20:58 (IST)
India's third largest private lender has given a price guidance of 1.95 per cent above the US treasury, the sources said, adding the money will be raised through the Dubai branch of Axis Bank and instruments listed on Singapore Stock Exchange.
On November 12, 2014 17:17 (IST)
The BSE Sensex and Nifty touched record highs for the second time this week as rate-sensitive stocks such as Axis Bank rose on hopes easing inflation would prompt the Reserve Bank of India (RBI) to cut interest rates earlier than expected.
On November 11, 2014 23:42 (IST)
The World Bank Group's development finance body, IFC, on Tuesday raised Rs 1,000 crore through a 10-year bond, which will be invested in private sector lender Axis Bank's forthcoming infra bond issue.
On November 09, 2014 18:07 (IST)
Raising concerns about over-dependence of Indian capital markets on foreign institutional investors or FIIs, eminent banker Deepak Parekh has said that something needs to be done to change this pattern.
On November 09, 2014 16:09 (IST)
Banking consumers will have to pay more if they are prolific with ATM transactions as State Bank of India (SBI) and its private sector peers HDFC Bank and Axis Bank have capped the free usage in six metros at three.