Page 1157 - Finance News

Dena Bank gets aggressive for MSME lending in UP

The bank eyeing almost 25% increase in lending in current financial year to over Rs 400 cr

DBS Bank launches Tab banking

The new initiative named 'AweSME Accounts' will replicate the physical account opening form for SME accounts on the tablet

SBI to raise Rs 15,000 crore through public issue

The move comes in the backdrop of the Cabinet permitting banks to lower the govt holding from 58% to 52% enabling lenders to raise funds from the market

SBH plans to raise upto Rs 400 cr via tier-II bonds this FY

State Bank of Hyderabad's net profit more than doubled to Rs 334 crore during the third quarter ended December 31, 2014

Private banks' low cost deposit share dips in Q3

Festive season cash demand, current a/c deposit slowdown to blame

SBI to raise Rs 15,000 cr via equity offering

Keeps option open for overseas issue

RBI needs to show strong resolve in boosting growth

Market sees liquidity easing measures from RBI in monetary policy review

Overnight rates stay firm despite repo rate cut last month

IBA to push for one more year of benefit for loans

Karnataka Bank net stays flat at Rs 107 crore in Q3

Net non-performing assets of the bank have increased 21.3% to Rs 727 cr

Union Bank Q3 net dips 13% at Rs 302 cr

Total income increased to Rs 8,921 cr for the quarter ended December 2014

SBH Q3 net up 181% at Rs 334 crore

Intensive NPA recovery efforts result in gross NPA declining to Rs 5,393 crore

Asset quality concerns continue for private banks

Higher loan restructuring in Q4 likely to increase stress

Weakening asset quality, rural slowdown key challenges for M&M Financial

Rich valuations along with slowing growth have resulted in downgrades by leading brokerages

Corporation Bank to raise Rs 500 cr from Tier 1 bonds

The fund would be raised from unsecured subordinated Additional Tier I Basel III compliant non-convertible taxable bonds

India turns to corner shops, mobile phones for banking revolution

Payment banks are expected to make it easier to send money home, collect state benefits or do business deals

Forex reserves: better positioned?

Festive season fails to cheer NBFCs as business growth remains muted

Few industry players say the festive season was also muted because Dussehra and Diwali were in the same month

HDFC Bank launches 11 toll-free numbers to cater to 32 nations

The toll-free numbers are intended to provide enhanced convenience and accessibility for customer travelling overseas

All Jan Dhan bank accounts be linked to Aadhaar: PM

He further asked bankers to speed up the process and redouble efforts on financial literacy