Banks

  • Rhea Chakraborty to be part of 'Bank Chor' Yesterday

    Mumbai: Actress Rhea Chakraborty has been signed up as the female lead of Y-Films' "Bank-Chor" for a "cracker of a role" with Riteish Deshmukh. She says she's excited about the "roller-coaster ride". "'Bank Chor' is a roller-coaster ride and I'm delighted to be on it. I've had a blast with the...
  • HDFC Bank Q1 net up 21 per cent, lags estimates Yesterday

    Mumbai: HDFC Bank Ltd, India's second-biggest private sector lender by assets, reported its slowest quarterly earnings growth in more than a decade on higher-than-expected provisions. The Mumbai-based bank said that the net profit rose 21 per cent to Rs 2,233 crore ($371 million) for its fiscal first quarter to end-June from...
  • Recapitalisation of PSU banks is on high priority: Arun Jaitley 3 days ago

    New Delhi: Finance Minister Arun Jaitley on Saturday said recapitalisation to the tune of Rs 2.4 lakh crore in public sector banks to meet Basel III norms is a 'high priority' item for the government. "We suggested proposal for recapitalising of public sector banks over the next four years...the government is...
  • Special court grants a bank manager two years jail in a bribery case 4 days ago

    A CBI special court on Thursday sentenced a public sector bank branch manager to two years' rigorous imprisonment and imposed a fine of Rs 15,000 after convicting him on a bribery charge. Special CBI court judge Ravindra Patwari sentenced Pradeepta Kumar Sarkar, then branch manager of Madhya Grameen Bank, Masaurhi (Patna), to...
  • RBI issues draft guidelines for setting up small, payment banks 4 days ago

    New Delhi: A week after Budget announcement, the Reserve Bank on Thursday issued draft guidelines for setting up of 'local feel' small banks, which will disburse small-ticket loans to farmers and businesses. The central bank also issued draft guidelines for setting up of payment banks, which will cater to marginalised sections...
  • IMF congratulates BRICS for new fund, offers help 5 days ago

    Brasilia: The International Monetary Fund on Wednesday congratulated the five BRICS countries for creating a new reserves fund that intends to challenge Western dominance in the global lender. The IMF's managing director, Christine Lagarde, said the lender would like to work with the BRICS in the new fund, which pools together...
  • India Inc hails BRICS pact to set up New Development Bank 5 days ago

    New Delhi: Terming as "historic" the pact on establishment of a New Development Bank at the BRICS Summit, India Inc on Wednesday said that the move was likely to strengthen economic cooperation between the five-nation grouping, help stave off future economic crises and boost infra development. "Agreements on setting up of...
  • Delighted with setting up of $100 billion BRICS Bank: Chidambaram 6 days ago

    New Delhi: Welcoming setting up of the BRICS Bank, former Finance Minister P Chidambaram on Wednesday said the work initiated by United Progressive Alliance (UPA) government last year has led to its culmination in Brazil on Tuesday. "I am delighted that the work begun by the UPA government at the BRICS...
  • Chouhan lauds BRICS bank, calls it a matter of pride for India 5 days ago

    Madhya Pradesh Chief Minister Shivraj Singh Chouhan expressed happiness over India getting the opportunity to become the first president of the proposed BRICS Development Bank. "A moment of pride for India on becoming the first President of The New Development Bank of BRICS," Chouhan said in a tweet. In another tweet, Chouhan...
  • BRICS to set up $100 billion development bank, first President to be from India 6 days ago

    Fortaleza: In a major victory for India, the agreement on the much anticipated 100 billion dollars BRICS Development Bank has been sealed. The BRICS Summit on Tuesday decided to establish the new development bank with an initial authorised capital of USD 100 billion for which the initial subscribed capital will...
  • India likely to get first presidency of BRICS Development Bank 1 week ago

    New Delhi: India is likely to get first presidency of BRICS Development Bank. The BRICS summit commenced in Brazil on Tuesday amid an understanding that the five member nations will have equal shareholding in the proposed $50 billion BRICS Development Bank. Ministry of External Affairs spokesperson Syed Akbaruddin tweeted, "BRICS...
  • BRICS members likely to have equal shareholding in new bank 6 days ago

    Fortaleza: The BRICS Summit, Prime Minister Narendra Modi's first multilateral engagement, commenced on Tuesday amid an understanding that the 5-member nations will have equal shareholding in the proposed USD 50 billion BRICS Development Bank which India had been strongly pressing for. The new Indian leader joined Presidents Vladimir Putin of...
  • Bank security guard shot at by gunmen in J&K 6 days ago

    Srinagar: A private security guard of a bank was shot and injured by unidentified gunmen in Pulwama district of south Kashmir on Tuesday, police said. Mohammad Rajab (55) received bullet wounds in one of his legs when the gunmen opened fire outside a bank at Shaheedi Garden in Pulwama town, 32...
  • PM Modi to launch 1st multilateral engagement with BRICS leaders July 14, 2014

    Fortaleza: Prime Minister Narendra Modi will launch his first multilateral engagement with BRICS leaders, giving top priority for the establishment of the BRICS development bank with equal share holding for all the five members. India is keen on the issue of equal share holding since it doesn't want a repeat of...
  • PM Modi arrives in Berlin en route to Brazil to attend BRICS Summit July 13, 2014

    Berlin: Prime Minister Narendra Modi arrived in Berlin on Sunday for an overnight stopover on his way to Brazil for a summit meeting of the BRICS nations that will address regional crisis and security threats to restore a climate of peace while advancing global economic stability. Modi was received at...
  • Canara Bank withdraws its controversial recruitment form that seeks candidate's medical history July 13, 2014

    Chennai: Canara Bank has dragged itself into a controversy over its recruitment process that needs a candidate to submit his/her private medical details- including a woman's menstrual history, chest measurement and even evidence of pregnancy. "It is an affront on the candidates who already have undergone two streams...
  • Chennai: Fire breaks out in SBI building near North Beach Police Station; under control July 12, 2014

    Chennai: A fire broke out this afternoon in the second floor of an old building here, which housed the State Bank of India, police said. The fire is suspected to have been caused by an electric short circuit, they said, adding none was injured since the bank was functioning only for...
  • RBI Governor launches Indian Bank's mobile branches July 12, 2014

    Chennai: As part of the urban financial inclusion initiative by public sector Indian Bank, two mobile branches with ATM facility was launched by RBI Governor Raghuram G Rajan. Rajan recently launched two mobile branches with ATM facility to provide banking services in areas of Royapuram, Tiruvotriyur, Tondiarpet in North Chennai...
  • No official estimate on black money, says Jaitley July 11, 2014

    New Delhi: Finance Minister Arun Jaitley on Friday said there is no official estimate on black money and a study commissioned by the government to ascertain the amount are yet to be completed. Jaitley also informed the Lok Sabha that "sustained efforts" to obtain information about Indians having black money stashed...
  • Shares of PSU banks fall on Budget announcements July 10, 2014

    Mumbai: Shares of public sector banks declined as much as two per cent after Finance Minister Arun Jaitley on Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms. SBI ended 1.31 per cent lower, Allahabad Bank dropped 1.81 per cent and...
  • PSU banks stock down after Budget announcement July 10, 2014

    Mumbai: Shares of public sector banks declined by as much as 4.3 per cent after Finance Minister Arun Jaitley on Thursday said the lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms. SBI was trading 2 per cent lower, while Indian Bank dropped...
  • Need to infuse 2,40,000 crore in the banking sector by 2018: Jaitley July 10, 2014

    New Delhi: Finance Minister Arun Jaitley on Thursday asserted that banking needs in the country need to be strengthened. He proposed that Rs 2,40,000 crore need to be infused in the banking sector by 2018 to meet global Basel III norms. He proposed to provide greater autonomy to public sector...
  • PSU banks to raise Rs 2.40 lakh crore capital by 2018 July 10, 2014

    New Delhi: Proposing to provide greater autonomy to public sector banks, Finance Minister Arun Jaitley on Thursday said these lenders would require Rs 2.40 lakh crore capital by 2018 to meet global Basel III norms. "To be in line with the Basel III norms, there is requirement to infuse Rs 2.40...
  • Riteish Deshmukh replaces Kapil Sharma in YRF's 'Bank-Chor' July 9, 2014

    Mumbai: 'Ek Villain' star Riteish Deshmukh has replaced comedian Kapil Sharma in Yash Raj Films' upcoming comedy 'Bank-Chor'. Sharma, best known for his chat show 'Comedy Nights With Kapil', had a three-film contract with YRF and was slated to star in 'Bank-Chor', but the production house recently announced that he was...
  • MBlaze Power WiFi: MTS launches portable WiFi router with built-in power bank, 32 GB storage at Rs 2,999 July 8, 2014

    New Delhi: Sistema Shyam Teleservices, which operates under MTS brand name, today announced the launch of MTS MBlaze Power WiFi. The Power WiFi is an integrated device, which ensures that the user's smartphone and tablet never runs out of battery and have constant access of hi-speed internet, it said in a...
  • 'Good days coming for British-Indian ties' July 7, 2014

    Mumbai: British Chancellor of the Exchequer George Osborne on Monday said that it was exciting to visit India when the excitement about the Indian economy and the optimism about the prospects for future growth are palpable. "I have been here for a day and already I can feel the buzz in...
  • India should avoid fiscal slippage: World Bank July 7, 2014

    New Delhi: Inflation is still uncomfortably high in India and the new government should avoid fiscal slippage as it seeks to revive the economy, the World Bank's India director said. The comments came after Finance Minister Arun Jaitley warned of tough measures in his first budget on July 10, saying "mindless...
  • Want bank with right size, right value for takeover: Chanda Kochhar July 7, 2014

    Mumbai: ICICI Bank will look at acquiring a bank if it finds one with the right size and right valuation, but is yet to find a takeover target that fits in its evaluation model, the bank chief Chanda Kochhar said. ICICI Bank, which added 650 branches to its network in the...
  • Munda asks Allahabad Bank to initiate steps to set up more banks in rural Jharkhand July 4, 2014

    Leader of Opposition Arjun Munda on Friday asked the Allahabad Bank to initiate steps in setting up more banks in rural Jharkhand and give a fillip in the efforts by farmers and small entrepreneurs. "Efforts should be made to set up more banks in rural areas... farmers, enterprises and the unemployed...
  • Investment banks jockey for $100 million Samsung restructuring bonanza July 4, 2014

    Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more than $100 million in advisory fees alone. Foreign and Korean investment banks are...