Banks have seen an increase in the number of customers opting for mobile banking services in the last two months due to a steep rise in small-value transactions using the service.

Banks see pick up in mobile banking

Press Trust of India

Andhra Bank Mumbai Zone General Manager today announced the bank's expansion plans with emphasis on increasing exposure to the SMEs, lending to farmers and launching a life insurance product by next year.

Andhra Bank in expansion mode, forays into insurance

The Indian rupee today fell by 20 paise against the US currency in early trade on expectation of heavy capital outflows and increased dollar demand from importers.

Re down 20 paise at 48.81 a $ in early trade

Public sector lender Punjab National Bank today said it would raise Rs 500 crore through the issue of bonds to meet its business growth and capital requirements.

Punjab National Bank to raise Rs 500 cr through bonds

Pitching for a consolidation in the banking industry, State Bank of India (SBI) Chairman O P Bhatt said today the country needs at least five banks of the size of SBI to service the growing needs of the Indian economy.

India needs 5 banks of the size of SBI: Bhatt

The Royal Bank of Scotland's (RBS) effort to complete the sale of its Asian business, including in India and China, is facing some hurdles and could fetch a smaller than expected price, says a media report.

RBS's sale of Asian biz hit hurdles: WSJ

Insurance regulator IRDA today tightened the anti-money laundering guidelines by asking the insurance companies to ensure that no policies are issued to persons with fictitious names.

IRDA tightens anti-money laundering norms for insurance cos

The Indian rupee weakened further by 15 paise to 48.90 against the US currency in late morning trade today due to month-end dollar demand amid encouraging trend in the local stocks.

Re down by 15 paise against $ in morning trade

ICICI Bank has asked the government not to take into account overseas securities like ADR and GDR when deciding on whether a bank is Indian or foreign.

Don't count ADR, GDR to decide bank's nationality: ICICI

Kerala-based Federal Bank has launched a contact centre from today for providing better customer service, a top official of the bank said here.

Federal Bank launches contact centre

The government is considering a Rs 900-crore capital infusion plan to Dena Bank for meeting its capital requirement and business growth.

Dena Bank seeks Rs 900 cr capital infusion from govt

Public sector Indian Bank planned to increase the number of its branches in Kerala to over 100 from the present 89 during the current fiscal, a top official said today.

Indian Bank to increase branches in Kerala to 100 in 2009-10

The bank had targeted a growth of 25 per cent in the present fiscal but may end up in the range of 20-22 owing to the difficult market conditions, Union Bank of India Chairman and Managing Director, M V Nair told reporters here.

Union Bank sees pick up in home, auto loans

Public sector-lender Indian Bank is planning to increase the number of its branches in Kerala to over 100 from the present 89 during the current fiscal, a top official said today.

The Indian rupee today fell to touch a seven-week low of 49.03 against the US currency in early trade on month-end&nbsp;$ demand from importers amid expectation that the local bourses would open on a weak note.

Re down 11 paise against$ in early trade

Unsatiated by trebling of its share price to Rs 750 since March, ICICI Bank has embarked on an ambitious plan to double return for investors in three years and be counted among the country's top five valuable entities, CEO and Managing Director Chanda Kochhar has said.

ICICI Bank for doubling returns; to be in top-5 listed cos

Private-sector lender Karur Vysya Bank today said it will raise up to Rs 300 crore by issuing bonds.

Karur Vysya to raise Rs 300 cr via issue of bonds

The Indian rupee appreciated by 11 paisa to 48.80 against the American currency in early trade today on fresh dollar selling by exporters and stability in local stocks.

Re appreciates by 11 paisa vs $ in early trade

Amidst ample liquidity, bankers do not see interest rates moving up and State Bank of India Chairman O P Bhatt expects the cost to even fall in the next few months.

Bankers see no upward movement in interest rates

Banks have decided to put a Rs 10,000 cap per third party ATM cash withdrawal from October 15, besides limiting such transactions to five in a month.

Banks to cap third party ATM cash withdrawals from mid-October

Public sector lender Bank of India (BOI) today announced its domestic and overseas network expansion plans.

BOI announces domestic, overseas expansion plans

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