Page 1149 - Finance News

Public sector banks in a fix over selective capital infusion

Wants govt to allow them to tap markets; Govt stake in many banks over 70%

Syndicate Bank advances grow 19 per cent in Q3

Percentage of gross NPA went up to 3.60 per cent from 2.80 per cent a year ago

IBM secures app development deal from Ratnakar Bank

This will enable the bank customers to interact with the bank through the app, website, at kiosks and branch locations

CanBank Venture invests Rs 25 cr in ESDS Software Solution

The first phase of the investment is for a 2 lakh sq ft data centre in Navi Mumbai to be launched in April 2015

Bank of India profit drops 70% to Rs 173 cr in Q3 on higher provisioning

Poor performance of the bank pulled its share price down by about 6%

ICICI ties up with UAE Exchange for instant money transfer

'FLASHremit' service started by the bank enables customers to conveniently send money instantly to their beneficiaries in India

RBI's CCCB guidelines credit positive for banks: Moody's

Rating agency says norms make clear that banks will have to hold additional capital during periods of rapid credit growth

Bank of India Q3 net plunges 70% as bad loans jump

Gross NPA widens to 4.07% compared to 3.54% q-o-q

Bankers seek govt nod to tap markets for capital

Govt stake in many banks over 70%

Union Bank, Bank of India unhappy over being left out of equity infusion

Over the last weekend, the govt announced its decision to infuse Rs 6,990 cr in nine efficient public sector banks

RBI's allows T-bills auctions to get subscribed partially, signals discomfort on high rates

The notified amount for the auction was Rs 8,000 cr, of which RBI accepted bids worth Rs 4,417 cr

UCO Bank says advance remittances for Iran exports unlikely to hurt

The Kolkata-based state-run lender had released Rs 945.9 cr to the current accounts of eight companies for the purpose

Payments bank: Mahindra Finance in talks with IFC for JV

The investment will be much larger than the Rs 100 cr minimum required by RBI, says company's mobility head

Bharatiya Mahila Bank targets 4,000-cr business in FY16, plans to open 70 branches

Bank says it is sufficiently capitalised for the next 12 months

Govt to increase stake in Indian Bank marginally by infusing Rs 280 crore

The government has decided to infuse money in five banks based on their performance

Lakshmi Vilas Bank expands presence in Maharashtra

Currently, the bank has close to 1,100 outlets in 16 states and Union Territory of Puducherry

Govt needs to focus on graft: Parekh

With the government's Digital India drive, and a promised deadline of April 1, Parekh believes the country will make some good headway in the days to come

Banks to refer export default cases to ED: RBI

Banks should run checks on clients for compliance with KYC and anti-money laundering rules; doubtful cases and should be referred to the ED

Pockets: ICICI Bank's answer to payments banks

Open to JV for latter entity once applicants get licence, says Kochhar

Banks in Punjab opened 29.45 lakh a/c under Jan Dhan Yojna

40,481 camps were organised by banks to achieve the number of accounts