The third largest private sector lender Axis Bank today tied up with Bahrain's Ahli United Bank for inward remittances.

Axis Bank ties up with Bahrain's bank for remittance

Press Trust of India

In a pre-policy consultation meeting with the Reserve Bank of India (RBI) today, several economists have opined that there should be a 25 basis points (bps) cut in repo rate in the forthcoming annual policy meeting next week.

Economists want RBI to cut rates by 25 bps

The government today said it will infuse about Rs 15,500 crore in the public sector banks during the current fiscal to enhance their financial strength.

Govt to infuse Rs 15,500 cr in PSU banks

The Reserve Bank of India's decision to cut repo rate by 50 basis points in its annual monetary policy for 2012-13 has been termed by market analysts as an &quot;unexpected&quot; positive move.

50 bps repo rate cut unexpected: analysts

The cabinet approved raising voting rights of stakeholders in private banks to 26% from 10%, Information and Broadcasting Minister Ambika Soni said on Thursday, in a long-awaited boost for the banking sector.

Cabinet allows raising pvt bank voting rights to 26%

Reuters 

As many as 283 shareholders of the Bank of Rajasthan (BoR), including one of its founding members, today moved the Company Law Board (CLB) alleging that its merger with ICICI Bank was in violation of various regulatory norms.

Shareholders challenge BoR-ICICI merger before CLB

The Rajasthan High Court today issued notices to the Reserve Bank of India (RBI), Bank of Rajasthan (BoR), ICICI Bank and others on a petition filed by an employees union of the Udaipur-based bank against its proposed merger with the country's largest private sector lender.

Rajasthan HC notice to RBI, Sebi, others on BoR merger

In an unusual development, Bank of Rajasthan's management today called off an Extraordinary General Meeting (EGM) to discuss merger with ICICI Bank following a court stay, but shareholders went ahead with the voting.

BoR cancels EGM; shareholders go ahead with voting on merger

Amid high drama, Bank of Rajasthan shareholders today voted on a merger deal with ICICI Bank, which got a stay vacated on BoR's Extraordinary General Meeting (EGM).

BoR cancels EGM; HC vacates stay on ICICI plea

Shares of Bank of Rajasthan (BoR) climbed as much as 2.5 per cent in the morning trade on the BSE today, after shareholders of ICICI Bank approved merger of Udaipur-based lender with itself.

Shares of BoR spike as ICICI shareholders approve merger

Amid uncertainty about the validity of voting conducted by Bank of Rajasthan shareholders yesterday, the bank today said it has sought the legal opinion on the matter.

BoR seeks legal advice on validity of shareholders' vote

Clearing the decks, ICICI Bank's general body has approved acquisition of Bank of Rajasthan (BoR), which is awaiting a legal clearance although its shareholders conveyed their consent to the stock exchanges.

Shareholders okay ICICI-BoR merger; BoR awaits legal view

Amid the continuing uncertainty over the validity of voting conducted by the Bank of Rajasthan (BoR) shareholders on Monday, the bank board is likely to meet tomorrow to discuss the legal opinion on the matter.

BoR may discuss validity of voting tomorrow

The uncertainty over the validity of the voting conducted by shareholders of Bank of Rajasthan (BoR) on its proposed merger with ICICI Bank continued today with its board deciding to seek the Reserve Bank of India (RBI) view on the matter.

BoR board to seek RBI view on merger tangle

Bank of Rajasthan (BoR) has forwarded an application for merger with ICICI Bank to the Reserve Bank of India (RBI) -- a move that is expected to end the drama surrounding the Rs 3,000 crore deal after shareholders of BoR defied a court order and voted on the amalgamation proposal.

BoR moves papers to RBI for merger with ICICI

The employee unions of the troubled Bank of Rajasthan (BoR) have sought the intervention of the Reserve Bank of India (RBI) to stall the proposed merger with ICICI Bank.

BoR unions urge RBI to block merger

Around 4,200 employees of Bank of Rajathan (BoR) will go on two-day strike from tomorrow to protest against the proposed merger of the bank with ICICI Bank.

BoR unions to strike work tomorrow

Bank of Rajasthan (BoR) promoters Tayals today said that their stake was not up for sale, contrary to reports that discussions were on between them and private sector giants ICICI Bank and HDFC Group.

Tayals not selling stake in BoR

The troubled Bank of Rajasthan (BoR) today said it would approach market regulator Sebi and banking watchdog RBI at an &quot;appropriate time&quot; for its proposed merger with ICICI Bank.

BoR to approach RBI, Sebi for merger with ICICI

The total business of country's largest private sector lender ICICI Bank will cross Rs 4 lakh crore after its takeover of the Bank of Rajasthan (BoR).

ICICI's biz to cross Rs 4 lakh cr post merger

The Bank of Rajasthan-ICICI Bank merger ends the one-and-a-half-year lull in M&amp;A activities in the banking space, while globally a wave of consolidation has been sweeping the industry since the 2008 financial meltdown.

BoR-ICICI merger among handful of consolidation moves in India

Finance News: Latest investing news and finance headlines straight from Business Standard.

Page 1476 - Finance News