Sharp correction in property prices on account of the turmoil in global markets could impact the performance of Indian banks. Beginner's guide to bank home loan
Banking
-
Correction in realty prices may hit banks
Fetched: January 31st, 2008, 11:52pm EST
Tags: [edit]
-
BNP weighing bid for crisis-hit Societe Generale
Fetched: January 31st, 2008, 11:52pm EST
Tags: [edit]
French bank BNP Paribas revealed on Thursday it was weighing a bid for stricken national rival Societe Generale, a move that would find political backing by preventing the lender falling into foreign hands. -
SBS staffs favours merger with SBI
Fetched: January 31st, 2008, 11:52pm EST
Tags: [edit]
In a paradox of sorts, employees of the State Bank of India’s (SBI) associates are in favour of the proposed merger with the parent bank because of the additional retirement benefits they will be entitled to after the merger. -
SBI to add 5,00,000 point of sale terminals by 2010
Fetched: January 31st, 2008, 11:52pm EST
Tags: [edit]
The number of outlets accepting plastic for payments is set to grow more than 150%, with the State Bank of India (SBI) planning to add half-a-million point of sale (PoS) terminals in the country in three years. -
Indian Bank inks MoU with SME Rating Agency of India
Fetched: January 31st, 2008, 11:52pm EST
Tags: [edit]
Indian Bank and SME Rating Agency of India Ltd (SMERA) today signed an MoU for extending their co-operation in the area of financing the SME sector. -
Mobile driven remittances take off
Fetched: January 31st, 2008, 11:52pm EST
Tags: [edit]
Soon, customers will be able to transfer funds from their mobile phone to friends or relatives, bypassing other remittance routes like net-banking and money orders. In fact, the recipient need not even have a bank account or ATM card. -
Banks fare well in Q3 show despite slow credit growth
Fetched: January 31st, 2008, 11:52pm EST
Tags: [edit]
Despite a lower rate of bank credit growth this year, banks are reporting a healthy growth in their profits for the third quarter. With bond yields softening and credit picking up, banks are heading for a fourth quarter with decent earnings. -
ICICI Bank may have to wait a while for Singapore entry
Fetched: January 31st, 2008, 11:52pm EST
Tags: [edit]
ICICI Bank and Singapore based United Overseas Bank, which had applied for permission to open up branches in Singapore and India respectively, may not be allowed to do so in the near future. -
Interest to dwindle next quarter: Banks
Fetched: January 31st, 2008, 11:52pm EST
Tags: [edit]
Bankers seem to be divided on the interest rate movement in the near term, but most agree the rates will fall from the beginning of the next quarter. -
Bankers hint at reviewing interest rates
Fetched: January 29th, 2008, 11:07pm EST
Tags: [edit]
Excess liquidity in the system is prompting some bankers to consider a cut in interest rates. Should RBI have cut rates? Write in | Day in Pics
-
Govt asks SBI to go slow on merging arms
Fetched: January 29th, 2008, 11:07pm EST
Tags: [edit]
Govt has asked SBI to go slow on merger with all its subsidiaries, as it is not in favour of the bank merging with its associates immediately. Insurance to meet expenses
-
Punjab & Sind Bank may take private placement route to divest 20%
Fetched: January 29th, 2008, 11:07pm EST
Tags: [edit]
Delhi based Punjab & Sind Bank is looking at raising fresh equity through the private placement route. If it goes through, P&S Bank will be the first government-owned bank to raise equity in such a manner before going public. The bank will go ahead with its IPO much later. -
Bank of Baroda launches Financial Supermarket
Fetched: January 28th, 2008, 12:05pm EST
Tags: [edit]
Bank of Baroda on Monday launched a “Business Centre” concept at its main office at Fort, which is its oldest office in Mumbai. -
ICICI Venture invests $24 mn
Fetched: January 28th, 2008, 12:05pm EST
Tags: [edit]
ICICI Venture has invested 24 million USD equity investment through Iven Medicare in Vikram Hospital Private limited for a "substantial stake", Aluri Srinivasa Rao, Director Investments ICICI Venture said. -
Dena Bank to disburse 15 % loans to agriculture sector
Fetched: January 28th, 2008, 12:05pm EST
Tags: [edit]
Dena Bank chairman P L Gairola today said the bank would be disbursing 16 per cent of its loans to the agricultural sector. -
BNP Paribas infuses Rs 570 cr in Indian operations
Fetched: January 28th, 2008, 12:05pm EST
Tags: [edit]
BNP Paribas, a major European banking group, has infused 100 million euros or about Rs 570 crore by way of fresh equity in its Indian operations. -
SBI asks borrowers to get rid of credit card debts
Fetched: January 28th, 2008, 12:05pm EST
Tags: [edit]
Country's largest lender State Bank of India today asked the borrowers to control credit card debt and get rid of high-cost liabilities at all cost. -
Omani bank launches service for NRIs
Fetched: January 28th, 2008, 12:05pm EST
Tags: [edit]
Oman's largest bank, BankMuscat has launched a service for the 600,000-strong NRI community in the country, which will offer banking solutions including remittance service. -
Bankers call for cut in interest rates
Fetched: January 27th, 2008, 8:32pm EST
Tags: [edit]
Bankers are now calling for a cut in interest rates, given the difference between the US and Indian rates following the Fed cut. Insurance to meet expenses
-
Omani bank launches India-centric products
Fetched: January 27th, 2008, 2:56pm EST
Tags: [edit]
The investment management group of Oman Arab Bank has launched India-centric wealth management products and services under the brand "India Access". -
'High growth, remittances to save India from global crisis'
Fetched: January 27th, 2008, 2:56pm EST
Tags: [edit]
The crisis-riddled global financial markets may take 3-12 months to cool, but India is likely to sail through without damage thanks to high growth in services sector and remittances from NRIs, feels ICICI Bank CEO and Managing Director K V Kamath. -
HDFC Bank eyes investment banking, over 1,000 retail branches
Fetched: January 27th, 2008, 2:56pm EST
Tags: [edit]
Private sector lender HDFC Bank will set up over 250 new branches in next 2-3 months and is also looking to foray into the lucrative investment banking in India and abroad. -
Indian banks eye US shores
Fetched: January 27th, 2008, 2:56pm EST
Tags: [edit]
Leading banks from India are looking to expand their presence in the US in a big way by setting up their branches in the country. -
ATMs of several nationalized banks fail to generate cash
Fetched: January 27th, 2008, 2:56pm EST
Tags: [edit]
The one day strike of nationalized bank employees might be over but its affect was still visible as ATM of several public sector banks in Punjab and its adjoining areas on Saturday, went empty because of insufficient stock of cash. -
SBI gets Fed approval for new US branch
Fetched: January 27th, 2008, 2:56pm EST
Tags: [edit]
The approval for SBI comes nearly three months after ICICI Bank got approval to start its branch operation in New York. Crucial first yr of biz | Securing your kid's financial
-
Bank strike hits settlements
Fetched: January 25th, 2008, 3:43pm EST
Tags: [edit]
Banking services were hit in many parts of the country with almost 5 lakh bank employees staying away from work on Friday in response to a nation-wide strike call by the staff unions. -
SBI signs business co-operation agreement with Japan's Mizuho
Fetched: January 25th, 2008, 3:43pm EST
Tags: [edit]
Country's largest lender State Bank of India said it has entered into a business co-operation agreement with Japan's Mizuho Corporate Bank. -
HDFC Bank scrip surges over 6 per cent on expansion plan
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
HDFC Bank share prices today surged over 6 per cent on the back of massive branch expansion plan it proposed to undertake in the next three months. -
Banking operations in TN hit
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Banking operations in Tamil Nadu were hit following the strike called by major banking unions, protesting proposed merger between the State Bank of India and its associate banks and lack of recruitment,among other things. -
Nationalised banks' employees go on strike
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Employees of nationalised banks on Friday went on a day-long nationwide strike to oppose the proposed merger of associate banks with the State Bank of India disrupting normal function of the banking sector. -
Japan's Mizuho, State Bank of India to tie up: Source
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Mizuho Financial Group will form a business tie-up with India's top bank, State Bank of India, a source said on Friday, as Japan's second-largest lender looks to capitalise on the growing Indian economy. -
Salary hikes in state-run banks fail to match rise in productivity
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Even as the performance of the workers of the public sector banks has improved, the share of their earnings in total income has generally gone down. -
Employees of public sector banks to strike work tomorrow
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
mployees of nationalised banks will observe a one-day token strike tomorrow protesting the proposed merger between State Bank of India and its associate banks -
A look at some major bank frauds
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
2008: French bank Societe Generale uncovers an alleged euro4.9 billion (US$7.14 billion) fraud by a futures trader who fooled investors and overstepped his authority. -
Punjab National Bank may list housing unit
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
India's state-run Punjab National Bank is considering listing its housing unit, Chairman K.C. Chakrabarty said on Thursday. -
RBI to train students, villagers to identify fake notes
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
The Reserve Bank of India has initiated a programme to train students and villagers, in Uttar Pradesh and Uttarakhand to identify fake notes. -
Oman Bank launches scheme for investment in India economy
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Oman Arab Bank has launched an India-centric wealth management product and services scheme that will provide an opportunity to potential investors in the country to invest in the booming Indian economy. -
SBI's merger with associate bank may be put on hold
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
SBI is likely to put on hold the merger of its associate bank with itself due to the sustained resistance from the workers union. Credit cards to burn pockets more!
-
RBI to cut interest rates : FICCI
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Industry body FICCI has suggested that the Reserve Bank should cut interest rates in its monetary policy review later this month, after the US central bank reduced key rates. -
Bank employees to go on strike on Jan 25
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
United Forum of Bank Unions today said over 10 lakh bank employees and officers would observe strike on January 25 on the issue of merger of SBI's assoiciates, after talks with Chief Labour Commissioner failed. -
Cosmos Bank partners with PayMate for mobile payment solutions
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Cooperative bank, Cosmos Bank, today said that it has partnered with PayMate to offer 'pay buy sms' service to its customers. -
ICICI Bank UK opens two branches in Britain
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
ICICI Bank UK Plc, a wholly-owned subsidiary of ICICI Bank, on Wednesday said that it has inaugurated two bank branches in the UK. -
HR issues posing hurdles in the way of banks merger
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
It is mainly issues relating to human resources that are posing as "hurdles" to the merger between State Bank of India and its associate State Bank of Saurashtra, SBI Chairman O P Bhatt said here today. -
Interest rates may have peaked : SBI
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Interest rates in India may have peaked, the chairman of State Bank of India , the country's top lender, said on Wednesday. -
ICICI able to wait before tapping offshore debt markets
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
ICICI Bank will sell bonds overseas this year and expects a strong response from investors despite rising risk aversion and market turmoil, the joint managing director of India's most valuable bank said. -
ADB to give technical help to boost revenue from GST
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Multilateral funding agency Asian Development Bank has decided to provide technical assistance to India to boost revenues through the proposed Goods and Services Tax. -
BoB starts operation in Bahrain, eyes other Gulf countries
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
On a major overseas expansion spree, India's Bank of Baroda plans to increase its footprint in the Gulf region with the starting of full-fledged operations in Bahrain in March and is also looking at having presence in Kuwait, Qatar and Saudi Arabia. -
SBI top loan arranger in Asia-Pacific in 2007
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
The government-owned State Bank of India has been ranked as the top loan arranger in the Asia-Pacific region in 2007 by Britain-based Project Finance International (PFI), a well-known source of global project finance intelligence. -
ADB draws up investment project to improve trade in SAsia
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
To promote economic co-operation among South Asian countries, multilateral lending agency Asian Development Bank is working on a project that will ease flow of goods, services and people across India, Bangladesh, Bhutan and Nepal. -
UBI's biometric smart cards launched
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
: Union Finance Minister P Chidambaram has launched Biometric Smart Card of Union Bank of India. -
When it comes to learning, banks count on peers
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
ICICI Bank is tapping rival companies instead of using a Bschool or an HR consultancy to pick up learnings from them.Credit cards to burn pockets more!
-
OBC open to acquire more banks, hints at interest rate cut
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
State-run lender Oriental Bank of Commerce on Sunday said it is open to the idea of acquiring banks in the country and will start 85 branches in the next few months for expanding its business. -
ICICI Lombard to expand its presence in rural sector
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
ICICI Lombard plans to expand its presence in the rural sector across the country with a focus on weather and cattle insurance, a top company official said. -
Public sector banks need to consolidate: ICICI Bank chief
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Aiming to enhance its operations globaly and domestically including through organic route, the biggest private sector lender ICICI Bank has said that India's banking space needs a major consolidation wave of mergers and acquisitons. -
ICICI Bank net soars 35% in Q3
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
ICICI Bank, India's largest private sector bank continues to cash in, posting a 35% rise in net profit for the third quarter ended December 31, 2007. Guide to bank home loans
-
SBI plans one-man branches to tap high networth individuals
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
SBI in an attempt to tap a larger chunk of the mass affluent and high net worth individuals (HNIs), plans to set up ‘one-man branches’ and financial service centres (FSCs) in urban areas. -
IBA proposes setting up an indigenous payment network
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Given the explosive growth in credit card and electronic payments in India and the trend likely to continue very much in future, the need for such a payment system is definitely there. -
ICICI Bank advances grow 25 pc
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
ICICI Bank's current and savings account deposits went up by 33 per cent to Rs 62,494 crore as on December 31, 2007. -
Banks share expertise on employee performance
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
ICICI Bank is tapping companies, who are rivals otherwise, instead of using an HR consultancy to pick up learnings from them. Credit cards to burn pockets more!
-
Be very careful with your credit card spending
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Having a credit card can be a boon or a bane depending on how you manage it. With multiple cards, people tend to swipe unwisely. Credit cards to burn pockets more!
-
HDFC may continue unlocking of value to boost Q3 earnings
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
The HDFC board will meet on Friday to decide on the company’s results for the third quarter. -
IOB plans Dubai representative office
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
The Indian Overseas Bank (IOB) plans to open a representative office in Dubai as part of its foray into the Gulf region. -
ICRA to rate loans of State Bank of Saurashtra
Fetched: January 25th, 2008, 12:10pm EST
Tags: [edit]
Credit rating agency ICRA Ltd said on Thursday it had signed a deal with State Bank of Saurashtra to assign ratings to the bank's loans and other exposures. -
SBI, SocGen tie up for custody business foray
Fetched: January 17th, 2008, 1:54am EST
Tags: SBI Bank India [edit]
State Bank of India (SBI) is tying up with French bank Societe Generale (SocGen) for its proposed custodial services business. -
Cheque bouncing case: SC for a ground reality check
Fetched: January 17th, 2008, 1:54am EST
Tags: [edit]
The Supreme Court has asked courts to take into account ground realities while deciding cheque bouncing cases. -
HDFC Mutual Fund ties up with South Indian Bank
Fetched: January 17th, 2008, 1:54am EST
Tags: HDFC Bank India [edit]
To enhance its distribution reach across India, HDFC Mutual Fund has entered into a strategic alliance with South Indian Bank for its schemes. -
Federal Bank raises over Rs 2100 cr via rights issue
Fetched: January 17th, 2008, 1:54am EST
Tags: Bank India [edit]
Private sector lender Federal Bank has raised about Rs 2,125 crore through a rights issue. -
Reliance Power IPO likely to generate surplus money for banks
Fetched: January 16th, 2008, 3:38am EST
Tags: [edit]
If the offer meets with overwhelming response, it will lead to a situation where there will be a large amount of refundable cash with banks. R Power IPO| Heard on street
-
Blue-collar corporate A/Cs to plug leakages
Fetched: January 16th, 2008, 3:38am EST
Tags: [edit]
The employment guarantee scheme may soon leave the swindlers jobless. Banks, PSU and private, will soon host the salary accounts for the National Rural Employment Guarantee Scheme (NREGS) workers. -
ICICI adopts new policy to search for Kamath's successor
Fetched: January 16th, 2008, 3:38am EST
Tags: [edit]
he high-profile bank board has adopted a new policy to interact with some of the key members of the ICICI group so that it’s in a position to make a choice by April 2009. -
PSBs lose market share to private peers
Fetched: January 14th, 2008, 10:09pm EST
Tags: [edit]
The combined market share of public sector banks (PSBs) continues to fall, while private sector banks have further strengthened their position. -
Banks seek review of tax exemption limit on gratuity
Fetched: January 14th, 2008, 10:09pm EST
Tags: [edit]
Banks, which will now be required to set aside higher provisions for employee gratuities under the new accounting norms, have urged the government to relax the tax exemption limit. -
Unclaimed Money: Banks may end up with Rs 1,000 cr booty
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Banks term money lying in accounts that have been inactive for over 10 years as unclaimed deposits.Tips to save money for your start-up
-
Vijaya Bank to raise Rs 200 crore: Bankers
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
State-run lender Vijaya Bank is raising Rs 200 crore by selling lower-tier 2 10-year bonds at 9.35 per cent payable annually, merchant bankers familiar with the development said on Monday. -
Bengal RRBs await fresh capital
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The West Bengal government will inject fresh capital in the state’s regional rural banks (RRBs) in two separate phases. -
UBI's select retail branches target Rs 6,000 cr lendings p.a
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
In an ambitious move to boost its retail lending, public sector lender Union Bank of India plans to disburse around Rs 6,000-crore per annum through 32 special retail asset branches. -
Saraswat Bank buys Nashik cooperative bank
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The country’s largest co-operative bank, Saraswat Co-Operative Bank, has announced the acquisition of the Nashik Peoples Co-Operative Bank, which has an accumulated loss of Rs 40 crore. -
SBI, PNB to end zonal offices to boost efficiency
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
In a bid to reduce the turnaround time, two of the country’s largest banks, State Bank of India and Punjab National Bank, have decided to do away with zonal offices. -
Bank loans up 22.2 % in two weeks to Dec 7
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Banks' loans rose 22.2 percent year-on-year in the two weeks to Dec. 7, the central bank's weekly statistical supplement showed on Friday. -
Bond with the best, finmin tells Uco Bank
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Uco Bank, which has a business mix of Rs 1.20 lakh crore is looking to acquire a smaller public sector bank to strengthen its balance sheet and it had tossed up the merger idea to UBI. -
Central Bank unveils bouquet of products on 97th Founder's Day
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Public sector lender Central Bank of India on Thursday celebrated its 97th Founder's Day by unveiling a slew of new products and services. -
Corporation Bank inks pacts with three credit rating agencies
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Corporation Bank on Thursday said it has entered into agreements with three credit rating agencies -- ICRA, D&B and Fitch. -
Saraswat Bank acquires Nashik Cooperative bank
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The country's largest co-operative bank, Saraswat Co-operative Bank, has announced the acquisition of the Nashik Peoples Co-operative Bank, which has an accumulated loss of Rs 40 crore. -
Union Bank to focus on IT, process, people for growth
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Union Bank of India will focus on technology, process and people, in its aim to emerge as one of the largest nationalized banks in the country by 2012 with a global presence and diversified business portfolio. -
TMB plans mobile branches
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Tamilnad Mercantile Bank (TMB) is to launch two mobile branches this January to tap business from rural markets where setting up a regular brick and mortar branch might be too expensive. -
Exim Bank in Lanka deal
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
A memorandum of co-operation was signed between Export Import Bank of India and the Ceylon Chamber of Commerce last week. -
Deutsche Bank to bring Rs 2,155-cr fresh capital here
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
This would place the bank among the highest capitalised banks in the country, along with Citi, StanChart and HSBC. -
Union Bank plans to launch first insurance product
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Public sector lender Union Bank of India (UBI) plans to launch its first life insurance product in April 2008. -
Banks with global ambition must have India presence: E&Y
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Banks aspiring to become global must have a presence in India and other emerging economies, who are set to become a major source of financial sector revenue and profit growth, according Ernst and Young. -
SBI, CEOs of associates to meet in Jan to discuss merger
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The top brass of State Bank of India (SBI) and CEOs of its seven associates banks will have a brainstorming session on January 20-21 to discuss issues related to the merger of seven associate banks with the parent bank. -
HDFC seeks NHB nod to keep stake in HDFC Bank
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
HDFC has asked housing finance regulator NHB to allow it to hold its shares in HDFC Bank without the shares being included in its capital market exposure. -
PNB's Hong Kong branch starts operations
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Public sector lender Punjab National Bank said its Hong Kong branch has commenced operations from Monday. -
Bank of Ceylon to expand India operations
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Sri Lanka's largest bank the Bank of Ceylon (BoC) is planning to expand its India operations to attract more foreign investment to the country. -
UBI to go for mid-sized acquisitions overseas
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
State-run lender Union Bank of India plans to expand overseas operations through acquisitions but will adopt the organic growth model within the country. -
Federal bank to set up 66 branches this fiscal
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Private sector lender Federal Bank plans to set up 66 more branches, taking the total to more than 600 by the end of this financial year, its Chairman M Venugopalan said on Saturday. -
HSBC open to taking over Indian banks
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
HSBC, a leading foreign bank operating in India, is open to the idea of acquisitions subject to the regulatory regime and environment which would be in place in 2009 when the Indian banking sector opens up to overseas players. -
ICICI Bank launch green channel process for PSL in Andhra
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
ICICI Bank has started project Green Channel Process for exclusive servicing of 'Privilege Service Clients' (PSL) in Andhra Pradesh, to be treated with special care by virtue of their social and official status. -
SIDBI to set up asset reconstruction company
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
SIDBI, a lender to small and medium enterprises, today said it will set up an asset reconstruction company in consortium with other banks to recover bad loans in the SME sector. -
National Bank of Pakistan to open branch in India
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The National Bank of Pakistan is set to open its first branch in India, with a team being put in place to go to New Delhi for the purpose soon. -
SBI cuts rate, others prefer to wait 'n' watch
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
State Bank of India has announced a 25 basis point cut in interest rates on fixed deposits for various slabs up to 550 days. Insurance cover for towing on the way
-
EXIM bank to provide credit for exports to African countries
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Export-Import Bank of India will provide credit totaling 15 million dollars for exports from India to African countries such as Burundi, Ethiopia, Kenya, Uganda, Tanznia and Mauritius. -
PSBs to hold at least 51% in clearing arm
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Public sector banks (PSBs) would hold at least 51 per cent in the proposed clearing corporation to be set up once regulations were framed by the Reserve Bank of India. -
In letter & spirit: Post offices making banking easier
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Postal account requires a customer to provide only identity and permanent residence proofs. One can open an account with just Rs 50. Know your target employer
-
'RBS to get ABN's BPO operations'
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Royal Bank of Scotland will takeover ABN Amro's outsourcing operations in the country. -
UBI sets up panel to manage talent needs
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Concerned over depleting manpower and ageing top-level staff, United Bank of India has kicked off a strategic HR exercise. -
ICICI Bank aims to be among world's top 10 within 5 years
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
ICICI Bank also plans to ramp up overseas businesses to account for at least one-fourth of its balance sheet in 2008. -
Indian Bank sees Rs 650 cr FYO8 bad loan recovery
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Indian Bank is looking to recover more than Rs 650 crore from bad and written-off assets during the current fiscal and has made a provisioning of Rs 432 crore. -
ICICI to offer upgraded products to Sangli Bank customers
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The country's largest private sector bank has asked the Savings Bank-account holders of Sangli Bank to update their accounts March 20. -
RBI solves mystery of missing notes
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
You can call it the vanishing currency syndrome. Guess what the Reserve Bank of India (RBI) unravelled in a mere three-day scrutiny? -
Death of a bank: IIBI to sell its loan portfolio
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
In a move towards winding up of Industrial Investment Bank of India (IIBI), its board has decided to sell the entire loan book at one go. -
Canara Bank to launch online trading portal
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Country's third largest public sector lender Canara Bank on Sunday said it will start an online share trading portal during the month, seeking to soar up fee based income. -
SBI fixes dollar deal with six Iranian banks
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
State Bank of India says they have correspondent relation with six Iranian banks through whom dollar denominated Iranian transactions can take place. -
Forget bank visits, try mobile banking
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
ICICI Bank has introduced full-fledged banking transactions via mobile phones. Corp Bank and UBI also have similar products in the pipeline. Mobile marketers
-
SBI invites bids for debit card solutions
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Grappling to manage its burgeoning business, the country's largest public sector lender the State Bank of India has invited bids from IT firms for providing end-to-end solution for the debit card related activities of the SBI Group. -
Interest rates may cool down: Deepak Parekh
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The country's leading housing finance company HDFC's Chairman Deepak Parekh said on Friday that he expects the interest rates to soften by 0.25-0.50 per cent if there is no hike in the CRR. -
Citibank India to establish Japan Desk
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Citibank India will set up a Japan Desk in New Delhi to offer banking and associated services to Japanese corporate clients in India. -
PNB not in favour of concessional credit for farm sector
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
PNB is not in favour of providing concessional credit to farm sector in Punjab in view of farmers' mounting debts. -
Catholic Syrian Bank to set up first mobile ATM by Feb-end
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Private sector Catholic Syrian Bank will set up its first mobile ATM in Kerala by the end of February next. -
J&K Bank sees net interest margin up 25 bps
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Jammu & Kashmir Bank expects its net interest margin to rise to 3.25 per cent by March from the present 3 per cent, Chairman Haseeb Drabu told the media. -
ICICI Bank to unlock value in four arms
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The country’s biggest private sector lender ICICI Bank on Wednesdaysaid it will “unlock value” in four of its subsidiaries and the process could begin in six months with its brokerage arm ICICI Securities. -
Union leaders oppose banks merger
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Trade union leaders on Wednesday opposed the government's move to merge public sector banks and demanded social security for contract labourers. -
SBBJ pitches for merger with SBI
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Justifying the proposal for merger, State Bank of Bikaner and Jaipur Managing Director M Ramaswamy says consolidation was necessary to take on foreign players. -
Rural bank unions call nationwide two-day strike
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
All employees of Regional Rural Bank across the country will go on two-day strike from January 10 to press for their demands, including pension settlements. -
Banks' retail loan quality seen falling in India: CRISIL
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Asset quality of retail loans in India may deteriorate in the coming months as lenders are increasing exposure to higher risk customers and interest rates are rising, says CRISIL. -
Don't bank on dormant A/Cs
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
There have been stray instances of money being siphoned off from inactive accounts. Individuals are better off closing unwanted savings A/Cs. -
SBI associates banking on SBS merger provisions
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The proposal for merger of State Bank of Saurashtra (SBS) with the State Bank of India (SBI) will be taken up by the Cabinet on January 10. -
Not time for consolidation in banking yet: PNB chairman
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Consolidation in the banking sector is essential but it will happen only after a few years as a large section of the country's population is yet to be tappped, says K C Chakraborty. -
Canara Bank expects profit in excess of Rs 1,500 cr
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
State-run Canara Bank on Monday said it expects its bottom line to exceed Rs 1,500 crore during the current fiscal. -
BoR to divest 10 % stake to raise up to Rs 167 cr
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Jaipur-based private lender, Bank of Rajasthan (BoR) is set to divest nearly 10 per cent stake in the bank to raise up to Rs 167 crore. -
Canara Bank may make acquisition this year: Rao
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Public sector Canara Bank has hinted that during the current year it may acquire a bank which can increase its footprint in the North and West India. -
Salem to become total banking district before April
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Salem in Tamil Nadu would become a 'total banking district' by March 31, a top official of the Reserve Bank of India said on Saturday. -
Chidambaram prods banks to cut rates 0.5%
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
While bankers conceded there is a case for softening of rates, they would rather take cues from the monetary policy review slated for later this month. -
P Chidambaram for 0.5% cut in deposit and lending rates
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The Finance Minister has said he would like PSU banks to cut deposit and lending rates by 50 bsp to spur investment and consumption. -
Bankers hold stable outlook on interest rates for near term
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Bankers said interest rates are likely to be stable in the short term as the liquidity position in the country is comfortable. Home loan: Review finances and repayment
-
SBI invites EoIs for foray into non-life insurance
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Country's leading lender State Bank of India on Friday invited expression of interest for its proposed foray into non-life insurance segment. -
State Bank of India expects stable interest rates
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
State Bank of India expects interest rates to remain stable in the near term, its chief, O.P. Bhatt, said on Friday on sidelines of a banking meeting. -
Interest rates unlikely to go down
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
A banking source said in the last 2 months, the increase in credit offtake is far higher than deposits received by banks. Home loan: Review finances and repayment
-
SBI hikes deposit rates, a month after lowering them
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Government-owned State Bank of India (SBI) has raised its deposit rates, barely a month after lowering them. -
FM may ask bankers to meet credit targets
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Ahead of the budget presentation next month, Finance Minister P Chidambaram is expected to ask the head of public sector banks on Friday to focus on meeting credit targets. -
PNB to raise Rs 4,000 crore from bonds
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
State-run lender Punjab National Bank plans to raise Rs 4,000 crore through bonds to meet its credit needs. -
SBI revises interest rates on term deposits
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Country's largest lender State Bank of India has revised interest rates from Friday on domestic term deposits and reset the maturity period. -
Now, cover your positions over mobiles, emails
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
In a bid to give bond traders and banks a chance to have access to better pricing of bonds, the Reserve Bank of India on Wednesday allowed banks and bond houses to cover their positions in short-sale and when-issued transactions outside the NDS-OM platform. -
PSU bank alliances failed to deliver results
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The alliances forged by a few state-owned banks to maximise their business have failed to deliver goods. -
ICICI Bank to pay Rs 25,000 for harassing woman borrower
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
In another case of the judiciary cracking down on strong-arm tactics of loan recovery, the Allahabad High Court has ordered the ICICI Bank to pay a woman Rs 25,000 for causing her "undue mental torture". -
FM to meet public sector bankers on Friday
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Rising bad loans of public sector banks and their priority sector lending are among the issues expected to be discussed when Finance Minister P Chidambaram meets PSU bank chiefs in New Delhi on Friday. -
BoB revises interest rates on FCNR
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Public sector lender Bank of Baroda on Tuesday reduced the rate of interest on some categories of NRI deposits with effect from January 2. -
RBI to build its IT muscle, plans data centres in Maharashtra
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The central bank is setting up two large data centres in Maharashtra and overhauling its IT infrastructure, consisting of legacy applications and software, to move to a modern, more robust system. -
BoB revises interest rates on FCNR, NRE deposits
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Public sector lender Bank of Baroda today reduced the rate of interest on some categories of NRIs deposits with effect from January 2. -
UCO Bank plans merger to attain size-paper
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
UCO Bank plans to merge with a smaller or a similar sized bank by March to attain size, the Business Standard daily reported on Tuesday, quoting the bank's chairman. -
BoM launches online sanction for education loans
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Public sector lender, Bank of Maharashtra (BoM), today announced the launch of online sanction facility of education loans in its selected branches. -
Indian Bank to recover 670 cr bad loans
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Public sector lender Indian Bank today said it expects to recover 670 crore bad loans during the ongoing fiscal. -
Business mix no mirror to bank's efficiency
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Next week when finance minister P Chidambaram reviews the performance of state-owned banks, he may well have to reflect on the fact that balance sheet size is in no way an indicator of the efficiency of a bank. -
SBI hopes to open third branch in US by March
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
State Bank of India, the country's largest lender, is readying to open its third branch in the US by the end of this fiscal to widen its overseas network. -
Bank chairman held in multi-crore scam
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The prime accused in the multi-crore Samata Sahakari bank scam, its Chairman Milind Chimurkar was arrested from Ahmedabad by the Nagpur police. -
Vijaya Bank launches 1000th branch
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Vijaya Bank, the city-based Public Sector bank, on Saturday launched its 1000th branch and announced its target of reaching a 1050 branch strong network before the end of the current financial year. -
Consolidation holds key to banking sector growth: FM
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Investment in developing human resources is of key importance given the fact that HR could drive growth, he said. Clever devices for your smart home!
-
Banks may not get to sell multiple insurers products
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The insurance regulator is of the view that banks cannot be distinguished from other corporate insurance agents that are allowed to sell products of only one insurer. -
RBI asks regional rural banks to disclose CRAR
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
In a move to impose greater financial discipline, the Reserve Bank on Friday asked all regional rural banks to disclose capital-to-risk-weighted- assets ratio, which indicates the solvency status, for 2007-08. -
IOB welcomes RBI suggestion of free ATM use
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Public sector Indian Overseas Bank on Friday welcomed the Reserve Bank's proposal that customers of one bank be allowed to use other bank's ATM network free of cost starting from April 1 2009. -
Banks should not give in to any pressure: FM
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Union Finance Minister P Chidambaram on Friday asked the banks not not to give in to pressure of any kind, including that from political circles, while issuing loans to applicants. -
UBS drops plans to acquire Standard Chartered unit in India
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Swiss banking giant UBS said Friday it had dropped plans to acquire a mutual fund management business in India from the British group Standard Chartered. -
BoI gets board approval to raise Rs 1,500 cr
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Bank of India (BoI) is raising funds in the range of Rs 1,400-1,500 crore to finance their forthcoming ventures, new initiatives and credit expansion. -
Govt-owned banks go for core banking platform
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
More and more government-owned banks are moving towards complete inclusion of their branches on the core-banking platform, which will enable their customers to access their accounts from any location. -
Banks set to get access to deviant cos list
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
In what may help banks to track the business practices of their borrowers, the government is planning to create a separate database of companies violating corporate laws, particularly non-filing of statutory documents. -
StanChart launches rewards plan for e-banking
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Global banking major, Standard Chartered Bank, today said that it is launching a rewards programme for savings account customers who avail of electronic banking channels, beginning from January 1. -
Banks wink at RBI norms on sharing ATM networks
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
RBI’s move to make cash withdrawals at ATMs free from April ’09 is seen as a reaction to SBI group’s refusal to join National network. -
SBI to invite expressions of interest from MNCs for non-life foray
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Although capital is not a constraint for the bank, RBI is not keen on allowing banks 100% ownership of insurance subsidiaries. Home loan: Review repayment
-
PSU banks may miss credit growth target
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
Public sector banks are unlikely to meet credit growth targets set by the government for this fiscal year. -
SBI, associate banks likely to merge in Jan
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
SBI is set to further consolidate its position as a banking behemoth with a merger of its four unlisted associate banks. Beginner's guide to bank home loan
-
Your ATM transactions may cost a lot less soon
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
RBI proposed that current charges for cash withdrawals from third-party ATMs should be capped at Rs 20 per transaction, from Mar 31, 2008. Tips to save money
-
Banks second only to oil cos in filling up taxman's vault
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
The banking sector may be reeling under low credit offtake, but when it comes to tax payments, they are second to only the cash-rich oil sector. -
RBI proposes lower fee on use of ATMs of other banks
Fetched: January 14th, 2008, 12:32pm EST
Tags: [edit]
RBI has prohibited banks from charging any fee from customers for using ATMs of other banks for balance inquiry. Biz Humour | Milestone '07 | Day in Pics