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HDFC Bank crosses Rs 8 lakh cr market cap for first...

Mumbai, Nov 25 | HDFC Bank's market capitalisation crossed the Rs 8 lakh crore mark for the first time on Wednesday.Its shares on the...

From Nov 27, Lakshmi Vilas Bank will cease to exist

Chennai, Nov 25 | From November 27, the 94-year-old Karur-headquartered Lakshmi Vilas Bank (LVB) will cease to exist officially and be amalgamated with DBS...

Cabinet nod for Lakshmi Vilas Bank, DBS Bank India amalgamation

New Delhi, Nov 25 | The Union Cabinet on Wednesday approved the amalgamation of the Karur based 94-year old Lakshmi Vilas Bank...

Major bank union oppose banking licences to industrial houses

Chennai, Nov 24 | The Indian banking sector's largest union, the All India Bank Employees' Association (AIBEA), on Tuesday opposed the recommendations made by...

Bank licences to corporates a ‘bad idea: Raghuram Rajan

New Delhi, Nov 23 | Days after an Internal Working Group (IWG) of Reserve Bank of India's (RBI) recommended allowing large Indian corporates to...

Visa, ICICI Bank tie-up to aid fintechs

Mumbai, Nov 23 | Digital payments major Visa on Monday announced a collaboration with ICICI Bank on its 'Visa in a Box' programme for...

As bank failures mount, RBI decision on new bank licenses could...

New Delhi, Nov 23 | At a time when bank failures are increasing in India, the decision to distribute licenses could be controversial.As per...

Israel army thwarts bomb attack in West Bank

Jerusalem, Nov 23 | The Israeli army has said that it thwarted a Palestinian attempt to carry out an attack against soldiers in the...

RBI becomes 1st central bank to have 1 mn followers on...

Mumbai, Nov 22 | The Reserve Bank of India's (RBI) Twitter handle achieved 1 million followers on Sunday, turning it the first central bank...

World Bank chief welcomes G20 progress on debt relief

Washington, Nov 22 | World Bank Group President David Malpass said that he was very pleased to see the progress the G20 group of...

‘LVB-DBS Bank India amalgamation fishy scheme’

By Venkatachari JagannathanChennai, Nov 21 | Concerned citizens, shareholders and a major union in the banking sector are of the view that the ...

UK to set up national infrastructure bank amid pandemic

London, Nov 21 | The UK's Treasury announced that it will launch a national infrastructure bank to co-invest alongside the private sector in key...

DBS Bank was ready to pay Rs 100/share for LVB in...

By Venkatachari JagannathanChennai, Nov 20 | Advocating a proper valuation of the Lakshmi Vilas Bank (LVB), one of its promoters said that Singapore-based DBS...

Questions raised on RBI’s decision to amalgamate LVB with DBS Bank...

By Venkatachari JagannathanChennai, Nov 18 | The decision of Reserve Bank of India (RBI) to palm off 94-year-old Karur based Lakshmi Vilas Bank (LVB)...

Sensex trades flat amid volatility, Lakshmi Vilas Bank down 20 Percent

Mumbai Nov 18 | The key Indian equity indices traded on a flat note on Wednesday morning with weak global cues. At 9.38 a.m., Sensex...

J&K dedicates land bank for industries

Jammu, Nov 17 | The Jammu and Kashmir Department of Industries has dedicated land bank for new industries and existing industries planning expansion, officials...

Lakshmi Vilas Bank come under moratorium, Rs 25K withdrawal cap placed...

Chennai, Nov 17 | Following an application submitted by the Reserve Bank of India (RBI), the Central government on Tuesday brought Lakshmi Vilas Bank...

Lakshmi Vilas Bank under moratorium; maximum deposit/withdrawal Rs 25K

Chennai, Nov 17 | Following an application submitted by the Reserve Bank of India (RBI), the Central government on Tuesday brought Lakshmi Vilas Bank...

State Bank of Pakistan bans online payments for Indian content

Islamabad, Nov 13 | The State Bank of Pakistan has banned online payments for electronic media content from India with immediate effect, a media...

ICICI Bank crosses Rs 2 lakh crore mark in mortgage loan...

Mumbai, Nov 11 | ICICI Bank on Wednesday announced that its mortgage loan portfolio has crossed the Rs 2 lakh crore mark, making it...

Airtel Payments Bank partners with Bharti AXA General for motor insurance

New Delhi, Nov 9 | Airtel Payments Bank Monday announced its alliance with Bharti AXA General Insurance to offer comprehensive car insurance to its...

Lakshmi Vilas Bank’s shares plunge 9% on Q2 loss, auditors’ concern

Mumbai, Nov 9 | Shares of Lakshmi Vilas Bank slumped nearly 9 per cent on Monday to hit an intra-day low of Rs 14.20...

Jewellery goes missing from bank locker, probe on

Gorakhpur (Uttar Pradesh), Nov 9 | A retired government official has alleged that jewellery worth over Rs 35 lakh has gone missing from the...

Lakshmi Vilas Bank’s sustenance depends on improving liquidity

New Delhi, Nov 8 | Lakshmi Vilas Bank's sustenance as a going concern is dependent on its ability to improve liquidity, asset quality and...

World Bank cautions Indians against fraudulent credit, debit cards

New Delhi, Nov 6 | If there weren't enough financial crimes and frauds, credit and debit cards in the name of the World Bank...

Gunmen loot J&K Bank’s cash van in Shopian

Srinagar, Nov 5 | Unidentified gunmen looted over Rs 60 lakh from a bank cash van on Thursday in Jammu and Kashmir's Shopian district.Police...

Bank of Baroda withdraws charges on deposits and withdrawals (Ld)

New Delhi, Nov 3 | Bank of Baroda has withdrawn the charges with regard to the number of free cash deposits and withdrawals per...

Yes Bank to sell its 32,344Cr NPA portfolio

New Delhi, Nov 2 | Yes Bank is looking to sell its entire NPA portfolio of Rs 32,344 crore to ARCs or other potential...

ICICI Bank’s Q2FY21 net profit zooms to Rs 4,251 cr (Ld)

Mumbai, Oct 31 | Private sector lending major ICICI Bank on Saturday reported an exponential rise in standalone net profit for the second quarter...

Writing is addiction that leaves your bank account empty: Stephen Alter

By Sukant DeepakNew Delhi, Oct 31 | He says that not a single day passes when he doesn't ask himself: "Who...

Bank of Baroda reduces lending rate by 15 bps to 6.85%

New Delhi, Oct 31 | Bank of Baroda, India's third largest public sector bank, announced a reduction in Baroda Repo Linked Lending Rate (BRLLR)...

ICICI bank’s Q2FY21 net profit zooms to Rs 4,251 Cr

Mumbai, Oct 31 | Private sector lending major ICICI bank on Saturday reported an exponential rise in standalone net profit for the second quarter...

Man held for forging property documents, defrauding bank

New Delhi, Oct 31 | A Delhi man has been arrested on charges of defrauding a bank of Rs 2.5 crore by forging land...

IndusInd Bank’s Q2FY21 consolidated net profit declines by 52.67%

New Delhi, Oct 30 | Private lender IndusInd Bank's consolidated net profit fell by 52.67 per cent during the second quarter of FY21 on...

India asks Saudi Arabia to take corrective steps on bank note

New Delhi, Oct 30 | India has asked Saudi Arabia to take corrective steps on the misrepresentation of its territorial boundaries on a new...

IDBI Bank’s Board approves raising up to Rs 6,000 Cr via...

Mumbai, Oct 29 | The Board of Directors of IDBI Bank has approved raising funds up to Rs 6,000 crore by issuing equity shares...

Axis Bank’s Q2 net profit rises to Rs 1,683 cr

New Delhi, Oct 28 | Lending major Axis Bank on Wednesday reported a net profit of Rs 1,683 crore for the second quarter (Q2)...

Bulgarian National Bank Guv tests positive for Covid-19

Sofia, Oct 28 | Governor of the Bulgarian National Bank (BNB) Dimitar Radev has tested positive for Covid-19 and is currently being quarantined at...

Collection efficiency of Yes Bank way below pre-Covid levels: Report

New Delhi, Oct 27 | The trends in the collection efficiency of Yes Bank are way below the pre-Covid levels and this could add...

Sashidhar Jagdishan to take over as HDFC Bank MD on Tuesday

Mumbai, Oct 26 | As HDFC Bank's Managing Director Aditya Puri has retired, Sashidhar Jagdishan will take charge as the new MD and...

Indian Bank posts Rs 412 cr net profit in Q2 (Lead,...

Chennai, Oct 22 | Indian Bank on Thursday reported a net profit of Rs 412 crore for the second quarter of FY21 as against...

‘Sita’ preparing for defence services, ‘Ram’ works in bank

New Delhi, Oct 21 | With Dussehra round the corner, Ramlilas are being staged at many places in the capital. In one...

Canara Bank wrote off Rs 47,310Cr in 8 years, but recovered...

New Delhi, Oct 20 | Canara Bank has written off bad loans worth thousands of crore of rupees and recovered paltry amounts from big...

SL central bank approves Covid-19 relief loans worth $966mn

Colombo, Oct 18 | The Central Bank of Sri Lanka (CBSL) has approved $966 million worth of loans under a relief program for Covid-19...

HDFC Bank’s Q2FY21 net profit rises over 18% (Lead)

Mumbai, Oct 17 | Lending major HDFC Bank on Saturday reported a 18.4 per cent increase in standalone net profit for the quarter ended...

ICICI Bank services down early on Friday, resolved later

New Delhi, Oct 16 | Customers of ICICI Bank faced issues in online transactions on Friday due to a technical glitch.The glitch was however...

ED arrests director of Gujarat firm in bank fraud case

New Delhi, Oct 15 | The Enforcement Directorate (ED) has arrested Niketa Baldevbhai Dave, Director of Pentium Infotech Ltd. and Hirak Biotech Ltd. in...

Israel approves new homes in West Bank settlements

Tel Aviv, Oct 15 | Israel has approved 2,166 new homes in settlements in the West Bank, for the first time since it halted...

Poorest countries in desperate need of support: World Bank

Washington, Oct 15 | The global economy is experiencing a K-shaped recovery, as advanced economies have been able to provide support while the poorest...

Paytm payment gateway announces same-day bank settlement

New Delhi, Oct 13 | Paytm on Tuesday announced the same-day settlement facility for all kinds of fund transfers on its payment gateway that...

Business

Manufacturing GVA growth in Q2 ‘surprising’: SBI Report

New Delhi, Nov 28 | The manufacturing sector played a major role in narrowing down the India's GDP contraction in Q2 of FY21. An...