- MORNING BRIEF: Top Banking, Finance and Insurance news from Contify … Contify Banking - 1 hour 8 minutes ago
Contify Banking presents a summary of the most important news stories that made maximum impact on Friday and Saturday from its banking, finance, insurance and economy portal. State Bank of India Jan-Mar ...
- Union Bank of India eases interest rates on home loans by 25-150 … Contify Banking - 2 hours 17 minutes ago
New Delhi: State-run lender Union Bank of India has reduced interest rates on home loans for new and existing floating rate borrowers by 25-150 basis points.For home loans up to Rs 3 million, the interest ...
- RBI proposes to allow core investment cos to invest 200% of owned … Contify Banking - 2 hours 17 minutes ago
New Delhi: The Reserve Bank of India (RBI) has proposed to allow core investment companies (CICs) to invest up to 200% of their owned funds in overseas financial assets after registering with the central ...
- Reliance Capital Jan-Mar net profit at Rs 3.29 bln on-yr vs loss … Contify Banking - 2 hours 17 minutes ago
New Delhi: Indian financial services company Reliance Capital Ltd's fiscal fourth quarter (Jan-Mar) net profit was at Rs 3.29 billion, against a net loss of Rs 60 million in the same period a year ago, ...
- RBI allows banks to open ultra small branches to better serve … Contify Banking - Sat 19 May, 2012 5:00 PM IST
New Delhi: The Reserve Bank of India has allowed banks to open 'ultra small branches' in rural areas of the country from where business correspondents (BCs) can conduct operations and thereby boost confidence ...
- RBI directs banks to cut exposure to single NBFC offering gold … Contify Banking - Sat 19 May, 2012 5:00 PM IST
New Delhi: The Reserve Bank of India has directed all banks to bring down their exposure ceiling to a single non-banking finance company (NBFC), offering loans against gold to the extent of 50% or more ...
- Oracle Financial panel meet on May 23 to consider allotment of … Contify Banking - Sat 19 May, 2012 1:50 PM IST
New Delhi: Indian information solutions services provider to the finance industry Oracle Financial Services Software Ltd Friday said that its panel on employee stock option plan (ESOP) allotment will meet ...
- Manappuram Finance Jan-Mar net profit soars 83% on-yr to Rs 1.87 … Contify Banking - Sat 19 May, 2012 1:50 PM IST
New Delhi: Indian gold loan financier Manappuram Finance Ltd's fiscal fourth quarter (Jan-Mar) net profit surged 83% to Rs 1.87 billion from Rs 1.01 billion in the same period a year ago on the back of ...
- RBI to auction 91-day treasury bills of Rs 90 bln on May 23 Contify Banking - Sat 19 May, 2012 1:50 PM IST
New Delhi: The Reserve Bank of India (RBI) will auction '91-day Government of India Treasury Bills' for a notified amount of Rs 90 billion on May 23, 2012 using 'multiple price auction' method, it said ...
- RBI to auction 182-day treasury bills of Rs 50 bln on May 23 Contify Banking - Sat 19 May, 2012 1:50 PM IST
New Delhi: The Reserve Bank of India (RBI) will auction '182-day Government of India Treasury Bills' for a notified amount of Rs 50 billion on May 23, 2012 using 'multiple price auction' method, it said ...
- India's 7 state govts announce Rs 73 bln auction of 10-yr state … Contify Banking - Sat 19 May, 2012 1:50 PM IST
New Delhi: The Reserve Bank of India (RBI) said it will conduct the sale of 10-year State Development Loans (SDLs) of seven state governments of India for an aggregate amount of Rs 73 billion (face value) ...
- MORNING BRIEF: Top Banking, Finance and Insurance news from Contify … Contify Banking - Sat 19 May, 2012 10:09 AM IST
Contify Banking presents a summary of the most important news stories that made maximum impact on Thursday from its banking, finance, insurance and economy portal. 'Like it or not' FinMin Mukherjee says ...
- State Bank of India plans to approach Moody's for rating upgrade … Contify Banking - Fri 18 May, 2012 10:54 PM IST
New Delhi: State Bank of India's Chairman Pratip Chaudhuri Friday said it plans to approach global credit rating agency Moody's Investors Service to reverse the last year's downgrade on its standalone ...
- India's forex reserves fall $1.37 bln from week ago to $291.8 … Contify Banking - Fri 18 May, 2012 8:19 PM IST
New Delhi: India's foreign exchange reserves shrank by $1.37 billion to $291.8 billion as on May 11 from the previous week, the Reserve Bank of India (RBI) said Friday. The foreign currency assets fell ...
- Indian banks' advances up 17.3% on-yr to Rs 46.44 trillion as … Contify Banking - Fri 18 May, 2012 8:19 PM IST
New Delhi: Indian scheduled commercial banks' outstanding advances increased by 17.3% to Rs 46.44 trillion as on May 4, 2012, as compared to Rs 39.60 trillion a year ago, the Reserve Bank of India (RBI) ...
- Housing Development Finance Corp allots 179,440 mln equity shares … Contify Banking - Fri 18 May, 2012 8:19 PM IST
New Delhi: India's largest mortgage lender Housing Development Finance Corp Ltd (HDFC) Friday allotted 179,440 million equity shares of Rs 2 each pursuant to exercise of stock options by certain employees ...
- Reserve Bank of India to take more steps if needed to protect … Contify Banking - Fri 18 May, 2012 8:19 PM IST
New Delhi: The Reserve Bank of India will continue to step in to defend the rupee as it has enough resources to meet its commitments, Deputy Governor Subir Gokarn said Friday, as the Indian currency precariously ...
- SBI General to distribute insurance products via State Bank of … Contify Banking - Fri 18 May, 2012 5:45 PM IST
New Delhi: Indian public sector lender State Bank of Hyderabad has agreed to market the insurance products of private sector non-life insurer SBI General Insurance through its branches, the bank's Managing ...
- India pitches for higher ratings from Fitch on healthy FDI inflows, … Contify Banking - Fri 18 May, 2012 5:45 PM IST
New Delhi: India has made a strong pitch for higher ratings from global credit rating agency Fitch Ratings, citing healthy foreign direct investment inflows and government's commitment to reign-in fiscal ...
- Karnataka Bank Jan-Mar net profit falls 8.43% on-yr to Rs 831.6 … Contify Banking - Fri 18 May, 2012 5:45 PM IST
New Delhi: Indian private sector lender Karnataka Bank Ltd's fiscal fourth quarter (Jan-Mar) net profit declined 8.43% to Rs 831.6 million from Rs 908.2 million in the same quarter a year ago, on account ...
- India's Apr consumer price inflation quickens to 10.36% on-yr … Contify Banking - Fri 18 May, 2012 3:27 PM IST
New Delhi: India's retail consumer prices grew 10.36% on-year in April, a comprehensive consumer price index (CPI) data released by the government showed Friday, quicker than 9.38% (final) recorded in ...
- India's Apr consumer food inflation accelerates to 10.18% on-yr … Contify Banking - Fri 18 May, 2012 3:27 PM IST
New Delhi: India's consumer food and beverage inflation quickened to 10.18% on-year in April, a comprehensive consumer price index (CPI) data released by the government showed Friday, from 8.22% recorded ...
- City Union Bank Jan-Mar net profit surges 40% on-yr to Rs 719.8 … Contify Banking - Fri 18 May, 2012 3:27 PM IST
New Delhi: Indian private sector lender City Union Bank's fiscal fourth quarter (Jan-Mar) net profit soared 40% on-year to Rs 719.8 million from Rs 513.9 million in the same quarter a year ago driven by ...
- State Bank of India Jan-Mar net up nearly 200-fold to Rs 40.5 … Contify Banking - Fri 18 May, 2012 3:27 PM IST
New Delhi: India's largest lender State Bank of India's fiscal fourth quarter (Jan-Mar) net profit rose nearly 200 times on-year to Rs 40.50 billion as in the same quarter a year ago it reported a net ...
- Axis Bank's CEO Sharma says Moody's downgrade not to impact … Contify Banking - Thu 17 May, 2012 11:45 PM IST
New Delhi: Axis Bank's Managing Director and CEO Shikha Sharma has said that global credit rating agency Moody's Investors Service's move to downgrade the ratings of the lender recently will not impact ...
- Kotak Mahindra Bank allots 85,642 equity shares of Rs 5 each … Contify Banking - Thu 17 May, 2012 11:45 PM IST
New Delhi: Indian private sector lender Kotak Mahindra Bank has allotted 85,642 equity shares of Rs 5 each, under the various Employees Stock Option Plans (ESOP), it said in a regulatory filing.The allotment ...
- RBI to offer $2 bln swap facility to help SAARC nations meet … Contify Banking - Thu 17 May, 2012 11:45 PM IST
Mumbai: The Reserve Bank of India has announced a swap arrangement of $2 billion both in Indian and foreign currencies, to all member countries of the regional bloc SAARC (South Asian Association for Regional ...
- Reserve Bank of India relaxes rate cap on foreign currency deposits … Contify Banking - Thu 17 May, 2012 11:45 PM IST
New Delhi: The Reserve Bank of India (RBI) Thursday raised the interest rate cap on foreign currency non-resident deposits for urban cooperative banks to boost overseas money flows, after the rupee touched ...
- Bajaj Allianz Life Insurance FY12 shareholders' profit after … Contify Banking - Thu 17 May, 2012 11:45 PM IST
New Delhi: Indian private sector life insurer Bajaj Allianz Life Insurance Co's shareholders' profit after tax rose 24% to Rs 13.11 billion in the fiscal year ended March 31, 2012, as compared to Rs 10.57 ...
- 'Like it or not' FinMin Mukherjee says get ready for some 'austerity … Contify Banking - Thu 17 May, 2012 5:11 PM IST
New Delhi: Finance Minister Pranab Mukherjee Wednesday told lawmakers that the government will introduce some 'unpopular' austerity measures and take tough decisions on reducing its subsidy bill to reign ...
- FinMin Mukherjee says mulling ways to cut oil imports as India … Contify Banking - Thu 17 May, 2012 5:11 PM IST
New Delhi: The government is examining ways to cut India's oil imports, Finance Minister Pranab Mukherjee said Wednesday, as the country looks to reduce dependence on other nations to meet its energy requirements ...
- IndusInd Bank allots 962,197 equity shares of Rs 10 each under … Contify Banking - Thu 17 May, 2012 5:11 PM IST
New Delhi: Indian private sector lender IndusInd Bank said it has allotted 962,197 equity shares of face value of Rs 10 each to those grantees who had exercised their option under the Employee Stock Option ...
- Kotak Mahindra Bank declares grant of 1.38 mln options under … Contify Banking - Thu 17 May, 2012 5:11 PM IST
Mumbai: Indian private sector lender Kotak Mahindra Bank Ltd has declared a grant of 1.38 million options to its employees and subsidiary companies.The grant was made under the bank's Employees Stock Option ...
- Bajaj Allianz General Insurance FY12 net profit surges nearly … Contify Banking - Thu 17 May, 2012 5:11 PM IST
New Delhi: Indian private sector non-life insurer Bajaj Allianz General Insurance Co's net profit rose nearly three times to Rs 1.24 billion in the last financial year 2011-12 as compared to Rs 430 million ...
- Allahabad Bank to add 250 branches, 1,000 ATMs pan-India in FY13: … Contify Banking - Thu 17 May, 2012 4:00 PM IST
New Delhi: Indian state-run lender Allahabad Bank plans to open 250 branches across India and add 1,000 ATMs (automated teller machines) to its network during the current financial year 2012-13, the Business ...
- Bajaj Finserv plans to raise Rs 10 bln in fiscal 2012-13 Contify Banking - Thu 17 May, 2012 4:00 PM IST
New Delhi: Indian financial services company Bajaj Finserv Ltd has received approval from its board to raise Rs 10 billion in the current financial year 2012-13.The proposed fund will be raised through ...
- South Indian Bank targets 25%-30% biz growth to Rs 780 bln in … Contify Banking - Thu 17 May, 2012 4:00 PM IST
New Delhi: Indian private sector lender South Indian Bank expects its business to grow at around 25%-30% to Rs 780 billion in the current financial year 2012-13, the Financial Chronicle reported citing ...
- Sundaram Finance to announce Jan-Mar financial result on May … Contify Banking - Thu 17 May, 2012 4:00 PM IST
New Delhi: Indian financial services company Sundaram Finance Ltd will announce its fourth quarter (Jan-Mar) financial results for fiscal 2011-12 on May 28, 2012. The company will also announce its audited ...
- Bajaj Finance Jan-Mar net profit surges 52% on-year to Rs 1.08 … Contify Banking - Wed 16 May, 2012 7:02 PM IST
New Delhi: Indian financial services provider Bajaj Finance Ltd's fiscal fourth quarter (Jan-Mar) net profit soared 52% on-year to Rs 1.08 billion from Rs 710 million in the same quarter a year ago on ...
- Edelweiss Financial Services Jan-Mar net profit falls 10.4% on-yr … Contify Banking - Wed 16 May, 2012 7:02 PM IST
New Delhi: Indian financial services provider Edelweiss Financial Services Ltd's fiscal fourth quarter (Jan-Mar) net profit declined 10.4% to Rs 387.6 million from Rs 432.6 million in the same quarter ...
- MSCI adds Bank of Baroda, Corporation Bank to its indices, cuts … Contify Banking - Wed 16 May, 2012 7:02 PM IST
New Delhi: Global indices owner and manager Morgan Stanley Capital International (MSCI) has added India's third largest public sector lender Bank of Baroda to its indices, while reducing weightage of the ...
- Vijaya Bank to hire 894 probationary officers pan-India Contify Banking - Wed 16 May, 2012 5:24 PM IST
Mumbai: Indian state-run lender Vijaya Bank said it has initiated the process of recruiting probationary officers to fill up around 894 vacancies pan-India.Candidates with a total weighted standard score ...
- Rupee touches new all-time low; RBI to continue checking vol … Contify Banking - Wed 16 May, 2012 5:24 PM IST
New Delhi: The rupee Wednesday breached its all-time low of 54.3 to the US dollar amid deepening political turmoil in the Euro zone and deteriorating domestic economy, even as the Reserve Bank of India ...
- Axis Bank, Bharti Airtel partner to offer mobile banking ser … Contify Banking - Wed 16 May, 2012 5:24 PM IST
New Delhi: India's third largest private sector lender Axis Bank has partnered with telecommunication major Bharti Airtel to extend banking and payment services via the latter's mobile platform, a move ...
- India Infoline Jan-Mar net profit flat on-year at Rs 468.9 m … Contify Banking - Wed 16 May, 2012 2:25 PM IST
New Delhi: Indian financial services company India Infoline Ltd's fiscal fourth quarter (Jan-Mar) consolidated net profit rose marginally 0.2% to Rs 468.9 million from Rs 467.9 million in the same period ...
- India's Mar services exports rise 14.83% on-month to $12.89 bln: … Contify Banking - Wed 16 May, 2012 2:25 PM IST
New Delhi: India's services exports were at $12.89 billion in March, up 14.83%, as compared to $11.26 billion in February, the Reserve Bank of India (RBI) said.The country's services imports rose 34.51% ...
- IDFC sees loan book growing over 20% in FY13 on sustained refinancing … Contify Banking - Wed 16 May, 2012 2:25 PM IST
New Delhi: Indian infrastructure finance player Infrastructure Development Finance Co Ltd (IDFC) expects its loan portfolio to grow by more than 20% in the current financial year 2012-13 on the back of ...
- Govt underwriting auction of securities worth Rs 150 bln on May … Contify Banking - Wed 16 May, 2012 2:24 PM IST
New Delhi: The Indian government has announced the sale of securities worth Rs 150 billion in four tranches, including '8.19% Government Stock 2020' of Rs 40 billion, '9.15% Government Stock 2024' of Rs ...
- Direct Tax Code Bill to be introduced in monsoon session of Parliament: … Contify Banking - Tue 15 May, 2012 8:45 PM IST
New Delhi: The much awaited Direct Tax Code (DTC) Bill that aims to reform India's decades-old tax laws will be introduced in the forthcoming monsoon session of Parliament, Finance Minister Pranab Mukherjee ...
- RBI cut repo rate in Apr overruling majority view of advisory … Contify Banking - Tue 15 May, 2012 8:25 PM IST
New Delhi: The Reserve Bank of India overruled the advice of a majority of external members of technical advisory committee (TAC) on monetary policy by cutting the key policy rate for the first time in ...