Page 1024 - Finance News

Banks with strong networks will find takers

In terms of asset quality, for instance, IOB and UCO Bank are the worst placed as they had the highest gross NPA

SBI and BoB not excited on move to consolidate state banks

Internal unification, recovering bad loans are priorities for these lenders

Banks look at big data for loan recovery

Several companies including IT, retail and FMCG rely on big data to detect fraud and improve productivity

Indian Bank gets board approval to raise Rs 1,100 cr

CBI probing alleged Rs 1,000 crore fraud at state-run Syndicate Bank

The agency is searching 10 locations, including bank branches and homes of bank employees

Axis Bank plans to increase headcount by 10% in FY17

In 2014-15, the number of employees fell, even as the bank increased the number of branches from 2,402 to 2,589

ICICI Bank to let women work from home for a year

Women in all roles, except those in direct customer facing roles, will be eligible for this initiative

OBC revises FY16 capital need from LIC

The requirement has been brought down from Rs 500 cr to Rs 178 crore

Banks will have to lower lending rates in April

Irrespective of RBI action , lenders need to catch up with transmission lag

Black money: RBI to share FDI-related information with IB, RAW

Govt expects rise in FDI inflow to India owing to its attempts to liberalise trade and promote ease of doing business

India's first small bank to start operations on April 13

Jalandhar-based Capital Local Area Bank currently active as local area bank

SBI among 4 new foreign banks allowed to operate in Myanmar

In April last year, Japan's Tokyo-Mitsubishi UFJ became the first foreign bank in decades to open a branch in Myanmar

Forex scam: CBI conducts fresh searches in Delhi, NCR

Rs 40 lakh cash, rubber stamps of 44 companies, 15 PAN cards, pen-drives and hard discs connected to case recovered

Sebi to dry fund-raising taps for wilful loan defaulters

Regulator aims to cut off access to capital markets, protecting small investor who may not know of default status

Bank of Baroda case: CBI searches 10 locations in NCR

A CBI spokesperson said on Sunday that searches were carried out at the offices and residential premises of certain suspects

DoP sets up just 550 ATMs against targeted 1,000 this fiscal

As of December 2015, banks in India have over 1.93 lakh ATMs across the country

Gujarat co-op banks to launch net banking

More than 260 co-operative banks, with a network of over 2,000 branches across Gujarat, will come under this umbrella

Govt may set up expert panel on bank consolidation

Jaitley says employee stock options, strengthening of recovery laws would be put on fast-track

We are not going to spare Mallya, we are after him: PNB chief

Says the bank will leave no stone unturned to recover unpaid loans

Expert group on consolidation of PSBs soon: Jaitley

Finance Minister says country needs stronger rather than large number of banks