Private sector lender Kotak Mahindra Bank today said its board will meet on May 11 to consider a proposal for the sub-division of its shares, which have a face value of Rs 10 each.

Kotak Mahindra board to consider stock-split on May 11

Press Trust of India

ICICI Group does not see any problems to its expansion plans due to the government's FDI norms that classify the bank as foreign-owned.

ICICI sees no threat to expansion from nationality

Before his elevation to the new post, John was the Chief General Manager and Chief Financial Officer of the bank, a Federal bank release said here today.

Federal Bank appoints new Executive Director

State-owned Central Bank of India is aiming for a credit growth at least 25 per cent this fiscal, a top bank official said.

Central Bank aiming for credit growth of 25% in FY11

Under fire from many a corner, Goldman Sachs is looking to change some of its practices in dealing with institutional clients, a move that could help the troubled Wall Street giant to settle charges slapped by the American market watchdog, says a media report.

Goldman plans to change some of its practices: Report

The country&rsquo;s largest home loan company, Housing Development Finance Corporation (HDFC), has posted a 26 per cent rise in net profit at Rs 926.38 crore in the fourth quarter ended March, compared with Rs 733.37 crore in the March quarter of the previous year.

HDFC net jumps 26% on higher disbursal

Business Standard

Central Bank of India on Monday reported a 174.65 per cent rise in net profit to Rs 171.68 crore during January-March compared to Rs 62.51 crore in the same period of the previous year.

Central Bank net zooms 175%

Government-owned UCO Bank has recorded an over three-fold rise in net profit to Rs 380 crore for the quarter ended March 31, compared with Rs 103 crore in the year-ago quarter.

UCO Bank posts three-fold rise in net profit

Public sector lender United Bank of India (UBI) on Monday reported a 65 per cent drop in net profit at Rs 46.22 crore for the quarter ended March 31, against Rs 134.84 crore in the same period last year.

UBI net drops 65%

Nothing deters the women who form a snaking queue in front of the partly constructed building that is the office of Bandhan, a micro-finance institution. Not the stifling heat of the summer afternoon, not the poor infrastructure, not even a nationalised bank&rsquo;s branch that sits just a few yards away, wallowing in its loneliness.

Micro-finance institutions: Pay more for less hassle

The government has decided to chalk out a two-year programme to push financial inclusion initiatives by banks to bring it in line with the unique identity plan for the country.

Govt to chart two-year plan for financial inclusion

Inks 10-year strategic tie-up with Axis Bank.

Max New Life eyes  20% growth in business

Foreign direct investment (FDI) norms that classify ICICI Bank as foreign-owned were unlikely to impede the group&rsquo;s expansion plans, said ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar. &ldquo;We are an Indian originated bank, controlled by an Indian management and governed by the Reserve Bank of India,&rdquo; Kocchar told reporters after inaugurating the bank&rsquo;s 2,000th branch in Mumbai on Monday.

ICICI Bank is an Indian-originated bank: Kochhar

UCO Bank Chairman and Managing Director SK Goel is set to take over as the new chairman of India Infrastructure Finance Company (IIFCL).

Govt homes in on heads for 3 institutions

The market saw few certificates of deposit (CDs) being issued on Monday, as banks preferred to remain on the sidelines noting the abundant liquidity in the banking system, dealers said.

Short-term debt issues fall

Three international exchanges of the Jignesh Shah-promoted Financial Technologies India (FTIL) are scheduled to go live this year.

FTIL's 3 global exchanges to go live this year

In the broadest sense of the word, it was possible to ascribe an absolute value to currencies as recently as 1971. However, it was only till the Great Depression of 1929 that this valuation was at its purest.

Just what is our currency worth?

Online banking frauds are on the rise, with the number of cases more than doubling over the past three years, Parliament was informed today.

Online banking frauds more than doubled in three yrs: Govt

Hive off infrastructure to attract funds, have a scalable model.

Schools turn smart to woo PEs

In April, 129 M&amp;A and PE deals amounted to Rs 9,800 crore.

PE, M&A deal makers look back at April with pleasure

Manipal-based public sector lender, Syndicate Bank, today reported an 18.5 per cent drop in net profit at Rs 168.2 crore for the fourth quarter ended March 31, compared to the corresponding quarter last year.

Syndicate Bank net drops 18.5%

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