- RBI to auction 182-day treasury bills of Rs 50 bln on May 22 Contify Banking - 8 hours ago
New Delhi: The Reserve Bank of India will auction '182-day Government of India Treasury Bills' for a notified amount of Rs 50 billion on May 22, 2013 using 'multiple price auction' method, it said in a ...
- RBI to auction 91-day treasury bills of Rs 50 bln on May 22 Contify Banking - 8 hours ago
New Delhi: The Reserve Bank of India will auction '91-day Government of India Treasury Bills' for a notified amount of Rs 50 billion on May 22, 2013 using 'multiple price auction' method, it said in a ...
- Jammu & Kashmir Bank to open over 300 business units by 2015 Contify Banking - 8 hours ago
Srinagar: Jammu and Kashmir Bank plans to open more than 300 business units by 2015 to take the total number of units to 1,000, Chairman and Chief Executive Officer Mushtaq Ahmad said. "...J&K Bank ...
- Catholic Syrian Bank FY13 net profit up 26% on-yr to Rs 326.7 … Contify Banking - 8 hours ago
New Delhi: Indian private sector lender Catholic Syrian Bank's net profit grew 26% to Rs 326.7 million in the financial year 2012-13 from Rs 259 million in the previous fiscal, due to rise in income. Its ...
- SBI sees no justification for separate regulators for home loans: … Contify Banking - 8 hours ago
New Delhi: India's largest lender State Bank of India Chairman Pratip Chaudhuri Saturday said that there is no justification for having separate regulators for home loans in the country. "I see no ...
- Reliance Capital sees general insurance biz turning profitable … Contify Banking - Fri 17 May, 2013 8:25 PM IST
New Delhi: Indian financial services company Reliance Capital Ltd expects its general insurance business to turn profitable in the current financial year 2013-14 as it sees improvement in its combined ...
- JM Financial to apply for banking license; gets former Citigroup … Contify Banking - Fri 17 May, 2013 6:28 PM IST
New Delhi: Indian financial services provider JM Financial Thursday said it will apply for a banking license and will nominate former Chief Executive Officer of Citigroup Inc Vikram Pandit as the non-executive ...
- World Bank approves $100 mln loan to India's National Housing … Contify Banking - Fri 17 May, 2013 6:28 PM IST
New Delhi: The World Bank has approved $100 million credit to the National Housing Bank for implementation of low income housing project in India, a statement said. "This was in the works for some ...
- Govt, RBI mull raising penalty limit for violating regulatory … Contify Banking - Fri 17 May, 2013 6:28 PM IST
New Delhi: The Indian government is looking at raising the penalty limit from the current Rs 10 million for violation of a Reserve Bank of India guideline by banks, Banking Secretary Rajiv Takru said, ...
- Yes Bank may raise $300 mln through QIP: report Contify Banking - Fri 17 May, 2013 6:28 PM IST
New Delhi: Indian private sector lender Yes Bank may raise around $300 million via qualified institutions placement to fund the expansion of its retail business, The ET Now reported citing sources. The ...
- Srei Infrastructure Finance says not buying Austrian unit of … Contify Banking - Fri 17 May, 2013 6:28 PM IST
New Delhi: Indian non-banking finance company Srei Infrastructure Finance Ltd Friday denied a media report that said it has entered the fray to buy the Austrian subsidiary of the beleaguered banking company ...
- Reliance Capital Jan-Mar net profit drops 19.45% on-yr to Rs … Contify Banking - Thu 16 May, 2013 6:36 PM IST
New Delhi: Indian financial services company Reliance Capital Ltd's fiscal fourth quarter (Jan-Mar) net profit fell 19.45% to Rs 2.65 billion from Rs 3.29 billion in the same period a year ago, due to ...
- Action on ICICI, HDFC Bank, Axis once they reply to RBI show … Contify Banking - Thu 16 May, 2013 6:36 PM IST
New Delhi: Any action against ICICI Bank, HDFC Bank and Axis Bank, which were accused of allegedly indulging in money laundering activities by online magazine Cobrapost in its first sting operation, will ...
- ICICI Bank gets capital repatriation of CAD 75 mln from Canadian … Contify Banking - Thu 16 May, 2013 6:36 PM IST
New Delhi: India's largest private sector lender ICICI Bank Thursday said that it has received a total equity capital repatriation of CAD 75 million from its Canadian subsidiary ICICI Bank Canada. "ICICI ...
- Reliance Life Insurance FY13 net profit up 2% on-yr to Rs 3.8 … Contify Banking - Thu 16 May, 2013 6:36 PM IST
New Delhi: Indian private sector life insurer Reliance Life Insurance's net profit rose 2% to Rs 3.8 billion in the last financial year 2012-13 from Rs 3.73 billion in the previous fiscal, a statement ...
- Bajaj Finserv Jan-Mar consolidated net profit up 3.64% on-yr … Contify Banking - Wed 15 May, 2013 8:27 PM IST
New Delhi: Indian financial services company Bajaj Finserv Ltd's fiscal fourth quarter (Jan-Mar) consolidated net profit rose 3.64% to Rs 9.12 billion from Rs 8.8 billion in the same quarter a year ago, ...
- Bajaj Allianz Life Insurance FY13 shareholders' profit dips 1.95 … Contify Banking - Wed 15 May, 2013 8:27 PM IST
New Delhi: Indian private sector life insurer Bajaj Allianz Life Insurance Ltd's shareholders' profit fell 1.9% to Rs 12.86 billion in the last financial year 2012-13 from Rs 13.11 billion in the previous ...
- Bajaj Allianz General Insurance FY13 net profit more than doubles … Contify Banking - Wed 15 May, 2013 8:27 PM IST
New Delhi: Indian private sector general insurer Bajaj Allianz General Insurance Co Ltd's net profit more than doubled to Rs 2.95 billion in the last financial year 2012-13 from Rs 1.24 billion in the ...
- Karnataka Bank Jan-Mar net profit falls 18.96% on-yr to Rs 673.9 … Contify Banking - Wed 15 May, 2013 7:23 PM IST
New Delhi: Indian private sector lender Karnataka Bank Ltd's fiscal fourth quarter (Jan-Mar) net profit declined 18.96% to Rs 673.9 million from Rs 831.6 million in the same quarter a year ago, due to ...
- Bajaj Finance Jan-Mar net up 52% on-yr to Rs 1.64 bln on higher … Contify Banking - Wed 15 May, 2013 7:23 PM IST
New Delhi: Indian financial services provider Bajaj Finance Ltd's fiscal fourth quarter (Jan-Mar) net profit soared 52% to Rs 1.64 billion from Rs 1.08 billion in the same quarter a year ago, on the back ...
- Jammu & Kashmir Bank Jan-Mar net profit up 20.16% on-yr to Rs … Contify Banking - Wed 15 May, 2013 7:23 PM IST
New Delhi: Jammu & Kashmir Bank's fiscal fourth quarter (Jan-Mar) net profit rose 20.16% to Rs 2.5 billion from Rs 2.08 billion in the same quarter a year ago on the back of higher income earned from interest. ...
- Muthoot Finance Jan-Mar net profit dips 6.42% on-yr to Rs 2.2 … Contify Banking - Tue 14 May, 2013 11:54 PM IST
New Delhi: Indian gold financing company Muthoot Finance Ltd's fiscal fourth quarter (Jan-Mar) net profit fell 6.42% to Rs 2.2 billion from Rs 2.35 billion in the same period a year ago, due to rise in ...
- FinMin hopes for further policy rate cuts as inflation eases … Contify Banking - Tue 14 May, 2013 11:54 PM IST
New Delhi: India's Ministry of Finance Tuesday expressed hope that the Reserve Bank of India will further cut the key policy repo rate in view of wholesale inflation easing below 5% in April. "RBI ...
- United Bank of India mulls raising Rs 10 bln via qualified institutional … Contify Banking - Tue 14 May, 2013 11:54 PM IST
New Delhi: State-run lender United Bank of India plans to raise Rs 10 billion through a qualified institutional placement to finance its overseas expansion, media reports said on Tuesday citing the bank's ...
- Bank of Baroda Jan-Mar net falls 32.23% on-yr to Rs 10.28 bln … Contify Banking - Mon 13 May, 2013 8:36 PM IST
New Delhi: India's third largest public sector lender Bank of Baroda's fiscal fourth quarter (Jan-Mar) net profit fell 32.23% to Rs 10.28 billion from Rs 15.18 billion in the same quarter a year ago on ...
- Bank of India plans to open subsidiaries in Botswana, Canada, … Contify Banking - Mon 13 May, 2013 8:36 PM IST
New Delhi: State-run lender Bank of India Monday said that it plans to open subsidiaries in Botswana, Canada and Brazil to expand its foreign operations. The bank also plans to open a representative office ...
- Bank of India Jan-Mar net profit drops 20.58% on-yr to Rs 7.56 … Contify Banking - Mon 13 May, 2013 8:36 PM IST
New Delhi: State-run lender Bank of India's fiscal fourth quarter (Jan-Mar) net profit fell 20.58% to Rs 7.56 billion from Rs 9.52 billion in the same period a year ago, due to rise in provisions. The ...
- Canara Bank aims to raise up to $1 bln via bonds to expand overseas … Contify Banking - Mon 13 May, 2013 8:36 PM IST
New Delhi: Indian state-run lender Canara Bank plans to raise up to $1 billion through overseas bonds in this month, media reports said citing the bank's Chairman and Managing Director R K Dubey. "We ...
- SBI in pact with Industrial Bank of Korea to finance biz ops … Contify Banking - Fri 10 May, 2013 8:54 PM IST
New Delhi: India's largest lender State Bank of India has signed a pact with Industrial Bank of Korea to finance the business operations of Korean small and medium enterprises in India, a statement said ...
- State Bank of India expects lower loan growth of 16% in FY14: … Contify Banking - Fri 10 May, 2013 8:54 PM IST
New Delhi: India's largest lender State Bank of India expects a lower loan growth of 16% in the current financial year 2013-14 from the likely 21% growth clocked in the last fiscal due to weak demand from ...
- Magma HDI General Insurance expects to break even by Mar 201 … Contify Banking - Fri 10 May, 2013 8:53 PM IST
New Delhi: Indian private sector general insurer Magma HDI General Insurance Co expects to break even by March 2015, helped by its lower cost of operations, the Business Line reported citing a company ...
- Life Insurance Corp aiming at 15% first yr premium income growth … Contify Banking - Fri 10 May, 2013 8:53 PM IST
New Delhi: India's largest life insurer Life Insurance Corp of India expects to achieve a 15% growth in first year premium income in the current financial year 2013-14 against a contraction in the last ...
- State Bank of Hyderabad Jan-Mar net profit falls 21% on-yr to … Contify Banking - Thu 9 May, 2013 11:45 PM IST
Hyderabad: Indian public sector lender State Bank of Hyderabad's fiscal fourth quarter (Jan-Mar) net profit fell 21% to Rs 3.8 billion from Rs 4.81 billion in the same quarter a year ago, due to rise in ...
- ICICI Bank to offer money transfer tracking mobile app for N … Contify Banking - Thu 9 May, 2013 11:45 PM IST
New Delhi: India's largest private sector lender ICICI Bank Thursday said it will offer its "Money2India Mobile Application" for non-resident Indians to enable them to track their money transfers ...
- Reserve Bank of India to conduct open mkt ops when needed: gov … Contify Banking - Thu 9 May, 2013 11:45 PM IST
Srinagar: The Reserve Bank of India will conduct open market operations whenever needed to address liquidity tightness in the system, the central bank's Governor D Subbarao said Thursday. "As and ...
- Punjab National Bank sees net interest margin falling to 3.3 … Contify Banking - Thu 9 May, 2013 11:45 PM IST
New Delhi: Indian state-run lender Punjab National Bank expects its net interest margin to fall to 3.35% going forward due to market pressure for reduction in interest rates, Chairman and Managing Director ...
- Indian Bank Jan-Mar net falls 15.42% on-yr to Rs 2.9 bln Contify Banking - Thu 9 May, 2013 11:45 PM IST
New Delhi: State-run lender Indian Bank's fiscal fourth quarter (Jan-Mar) net profit fell 15.42% to Rs 2.92 billion from Rs 3.45 billion in the same quarter a year ago, due to a rise in expenses. The company's ...
- Union Bank of India Jan-Mar net up 2.06% on-yr to Rs 7.89 bl … Contify Banking - Thu 9 May, 2013 11:45 PM IST
New Delhi: Indian public sector lender Union Bank of India's fiscal fourth quarter (Jan-Mar) net profit rose marginally by 2.07% to Rs 7.89 billion from Rs 7.73 billion in the same quarter a year ago on ...
- Housing Development Finance Corp Jan-Mar net profit up 17.3% … Contify Banking - Wed 8 May, 2013 8:48 PM IST
New Delhi: India's largest mortgage lender Housing Development Finance Corp Ltd's fiscal fourth quarter (Jan-Mar) standalone net profit rose 17.3% to Rs 15.55 billion from Rs 13.26 billion in the same ...
- Corporation Bank Jan-Mar net rises 1.21% on-yr to Rs 3.55 bl … Contify Banking - Wed 8 May, 2013 8:48 PM IST
New Delhi: Indian state-run lender Corporation Bank's fiscal fourth quarter (Jan-Mar) net profit rose 1.21% to Rs 3.55 billion from Rs 3.51 billion in the same quarter a year ago due to higher provisioning, ...
- Magma Fincorp Jan-Mar net profit up 126% on-yr to Rs 432.6 m … Contify Banking - Wed 8 May, 2013 8:48 PM IST
New Delhi: Indian non-banking finance company Magma Fincorp Ltd's fiscal fourth quarter (Jan-Mar) net profit rose 126% to Rs 432.6 million from Rs 191.2 million in the same period a year ago, due to rise ...
- SKS Microfinance swings to net profit of Rs 27 mln in Jan-Ma … Contify Banking - Wed 8 May, 2013 8:48 PM IST
New Delhi: India's only listed micro-finance company SKS Microfinance Ltd swung to a net profit of Rs 27 million during the fourth quarter (Jan-Mar) of the last financial year 2012-13 as compared to a ...
- HDFC Life keen on buying entire co rather than picking some stake: … Contify Banking - Wed 8 May, 2013 8:48 PM IST
New Delhi: Indian private sector life insurance firm HDFC Life is keen on acquiring an entire company rather than just picking some stake in it, as regulatory norms does not permit one promoter to hold ...
- UCO Bank Jan-Mar net tanks five times to Rs 495.5 mln on higher … Contify Banking - Tue 7 May, 2013 8:08 PM IST
New Delhi: Indian public sector lender UCO Bank's fiscal fourth quarter (Jan-Mar) net profit plunged over five times to Rs 495.5 million from Rs 2.52 billion in the same quarter a year ago due to surge ...
- RBI to soon issue clarifications on new banking licenses: mi … Contify Banking - Tue 7 May, 2013 8:08 PM IST
New Delhi: The Reserve Bank of India will soon issue clarifications on the final guidelines on new banking licenses released earlier in February this year, Minister of State for Finance Namo Narain Meena ...
- DLF Pramerica Life rolls out savings-cum-protection plan Contify Banking - Tue 7 May, 2013 8:08 PM IST
New Delhi: Indian private sector life insurer DLF Pramerica Life Insurance Co Ltd Tuesday launched a new savings-cum-protection plan 'Sahaj Suraksha', a statement said. The plan aims to meet the essential ...
- SBI-led consortium recovers Rs 8-10 bln from Kingfisher Airl … Contify Banking - Tue 7 May, 2013 5:46 PM IST
New Delhi: A consortium of lenders to Kingfisher Airlines Ltd have so far recovered Rs 8-10 billion from the grounded airline and is in the process of recovering the remaining Rs 60 billion, Pratip Chaudhuri, ...
- State Bank of India initiates internal inquiries into Cobrapost … Contify Banking - Tue 7 May, 2013 4:50 PM IST
New Delhi: India's largest lender State Bank of India has initiated internal inquiries into allegations of money laundering leveled by online magazine Cobrapost, the bank's Managing Director A Krishna ...
- Allahabad Bank Jan-Mar net profit dives 68.47% on-yr to Rs 1.26 … Contify Banking - Tue 7 May, 2013 4:50 PM IST
New Delhi: Indian public sector lender Allahabad Bank Ltd's fiscal fourth quarter (Jan-Mar) net profit declined 68.47% to Rs 1.26 billion from Rs 4 billion in the same quarter a year ago, due to drop in ...
- Fresh Cobrapost expose alleging money laundering by more insurance … Contify Banking - Tue 7 May, 2013 4:50 PM IST
New Delhi: India's Insurance Regulatory and Development Authority Monday said that the fresh media expose alleging money laundering practices at some more insurance companies is under examination and action ...