Public sector banks in the country are losing a market share of around one per cent per annum to the private sector for over 15 years, according to credit rating agency Moody&#39;s.

Public sector banks losing 1% market share annually: Moody`s

Press Trust of India

Indian Bank would open 100 branches before end of this fiscal in addition to the existing 1,546 branches, a top Bank official said.

Indian Bank to open 100 more branches

The Kerala based Dhanalakshmi Bank has increased its net profit to Rs 28.46 crore for the fiscal ending march 31 this year from the previous year's Rs 16.14 crore, thus registering a growth of 76.33 per cent, a top bank official today said.

Dhanalakshmi Bank's net profit goes up

The Export-Import Bank of India (Exim Bank) has extended Line of Credit (LoC) of $25 million to Syria, for financing export of goods and services from India.

Exim Bank extends $25 mn Line of Credit to Syria

&nbsp;The oil marketing companies are driving credit growth. 
&nbsp;The banking sector -- which typically sees credit contraction in the initial months -- has managed to buck the trend and has added nearly Rs 16,000 crore of advances in the first seven weeks of the current financial year thanks to the demand from the two sectors.

Oil companies take credit flow to positive zone

Business Standard

ICICI Bank Managing Director K V Kamath today said liquidity in the banking system was comfortable as of now but one would have to wait and watch for the Reserve Bank of India&#39;s stance in its monetary policy review next month for cues.

RBI cues to decide liquidity situation, says Kamath

The Nadar Mahajana Sangam has won 8 berths on the board of Tamilnad Mercantile Bank, even as the internal squabbles were affecting the bank's smooth operations.

Nadars get 8 berths on Tamilnad Bank board

The Department of Posts today announced a hike of Rs 5 in the bonus paid to the Rural Postal Life Insurance (RPLI) subscribers from the existing Rs 50.

Higher bonus on postal insurance

Major banks in the eastern part of the country are gearing up to implement the Rs 71,000 crore debt waiver scheme of the Central government.

Banks gear up for debt waiver schemes

&nbsp;Normalcy returned to the Sahara premises in Lucknow. The residuary NBFC saw the Supreme Court&#39;s direction to Sahara India Financial Corporation (SIFCL) to approach the designated RBI authority in a positive light.

Normalcy returns to Sahara HQ

Punjab National&nbsp; Bank (PNB) today signed a memorandum of understanding (MoU) with&nbsp; IL&amp;FS to finance various industrial clusters in the country.

PNB signs MoU with IL&FS

Allen CA Pereira has been appointed as Chairman and Managing Director (CMD) of Bank of Maharashtra (BoM), the Pune-based public sector establishment.

New CMD at BoM; 20 % dividend for shareholders

&nbsp;Union bank of India has nominated K V Eapen as the Director on its board. 
&nbsp;Eapen will replace the previous director B S Bhalla from immediate effect, i.

Union Bank appoints new Director

The government today appointed a nominee director to the board of country's leading lender Punjab National Bank (PNB).

Govt appoints Ravneet Kaur on the PNB board

Public sector lender Vijaya Bank may soon hike its short-term deposit rates, a top official said today.

Vijaya Bank likely to hike deposit rates

Two Chennai-based public sector banks are expected to waive over Rs 2,000 crore farm loan under the Government of India's loan waiver scheme for farmers, according to senior officials of the banks.

IOB, Indian Bank to waive Rs 2000 cr

Corporation Bank has commenced work relating to providing debt relief waiver to farmers as per the scheme announced by the Centre recently.

CorpBank kickstarts debt waiver

Public sector lender Union Bank of India has deferred its plans for a rights issue to raise capital for funding its expansion plans.

Union Bank of India defers rights issue

Reserve Bank of India today bought 8.40 per cent, 2025 oil bonds worth Rs 955 crore at a yield of 8.75 per cent from Indian Oil Corporation through special open market operations, according to a company executive.

RBI buys 2025 oil bonds worth Rs 955 crore

Even as the decade-old fight for Tamilnad Mercantile Bank (TMB) lingers on, the local Nadar community aspires to retain control over the bank, while a small faction expects foreign interest to bring in more professionalism into the management.

TMB caught in a bind

Will wait for cues from RBI before deciding course of action.

Rates to harden due to inflation, say bankers

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