• Sep
    02
    By PTI

    Normal working at banks was affected today due to a nationwide strike called by 10 central trade unions, although the staff of SBI, IOB, ICICI Bank, HDFC Bank and Axis

  • Sep
    01

    To ensure that banks cut their lending rates in line with its cuts in policy rate, the banking regulator on Tuesday issued draft norms on the computation of the base rate of banks based on marginal cost of funds.

  • By PTI

    Yes Bank today said it will enter the credit card space by June and has appointed former HDFC Bank executive Rajanish Prabhu to lead the division, as it announced a

  • Aug
    31

    The Reserve Bank of India (RBI) on Monday identified State Bank of India and ICICI Bank as domestic systemically important banks (D-SIBs).

  • HDFC Bank on Monday cut its base rate by 35 basis points from 9.70 per cent to 9.35 per cent with effect from Tuesday.

  • Aug
    30
    By PTI

    State Bank of India expects its accounts under the Jan Dhan scheme to break even next year given the healthy growth in average deposits in these accounts, while total deposits

  • By PTI

    Payments banks can annually free up as much as Rs 14,00,000 crore in incremental credit for the fund-starved infrastructure sector, says a SBI Research report.

  • Aug
    28

    State-run United Bank of India is making efforts to cut down gross non-performing assets below the Rs 6,000 crore level by the end of this financial year, according to its

  • State-run Allahabad Bank is looking at merging wholly owned subsidiary AllBank Finance into itself.

    “The board deliberated on the possibility of merger of bank's wholly owned subsidiary namely AllBank Finance

  • Aug
    27
    By PTI

    Country's largest mortgage lender HDFC has raised Rs 2,000 crore through sale of bonds in order to boost lending operations and meet its future capital needs.
    The bonds, which has