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22 Jul 2023

ICICI Bank Logs Rs 9,648 Crore Net In Q1

For the period under review, ICICI Bank had provided Rs 1,292.44 crore up from Rs 1,143.82 crore the previous corresponding period. ICICI Bank’s gross non-performing assets as on June 30 stood at Rs 31,822.39 crore as compared to Rs 33,163.15 crore as on June 30 last year.

01 Jul 2023

HDFC Bank Starts Rebranding HDFC Ltd Offices, Branches After Merger

Post-merger, HDFC Bank will become the fourth most valued lender in the world, and narrow the gap by asset size with state-owned SBI to be the second largest Indian bank. The total business of the merged entity stood at Rs 41 lakh crore at the end of March 2023. With the merger, the networth of the entity would be over Rs 4.14 lakh crore.

10 Sep 2022

Private lender Axis Bank hikes interest rates on FDs; Check details

Private lender Axis bank has increased the interest rate on Fixed Deposit (FDs) below 2 crore by 25 bps. The new rates will be effective from September 9. The bank has raised the interest rates on different tenor FDs.

26 Nov 2021

RBI panel favours no cap on promoters stake in private banks for 1st 5 years

According to current norms, a promoter of a private bank needs to pare holdings to 20 per cent within 10 years. The report also says there is no need to fix any cap on the promoters' holding in the initial five years. The promoters if desires, can choose to bring down holding to even below 26 per cent, any time after the lock-in period of five years.

Bank holidays in October

19 Oct 2021

Bank Holidays in October 2021: Banks to remain closed for 5 days this week

All banks are closed on Republic Day (January 26), Independence Day (August 15), Gandhi Jayanti (October 2), and Christmas Day, according to the RBI list (December 25). Banks are also closed on holidays like Diwali, Christmas, Eid, Guru Nanak Jayanthi, and Good Friday.

27 May 2017

Poor show by banks, private investors challenge to growth: Arun Jaitley

Union Finance Minister Arun Jaitley on Saturday said that poor performance by private investors and banks still remains a challenge for the Indian economy.

25 Mar 2017

Agency banks, RBI offices to remain open on all days till April 1

The Reserve Bank of India (RBI) has asked all agency banks -- all public sector banks and some private banks -- to remain open on all days between March 25 and April 1.

Bank strike on Feb 28

28 Feb 2017

Banking operations affected pan-India due to strike

In the first major organised protest against the government`s "anti-people banking reforms", 10 lakh bank employees and officials staged a strike on Tuesday, bringing banking operations across the country to a halt.

27 Dec 2016

China approves five new private banks: total goes up to 16

China's banking regulator on Tuesday gave approval to five new private banks aimed to boost financial support for smaller firms, bringing the total number of private lenders in the world's second largest economy to 16.

05 Sep 2016

Next round of capital infusion in PSBs post Q3 results

Government has set parameters for public sector banks for receiving capital support and only those lenders which fulfil the criteria post third quarter results would be eligible for funds.

07 Jul 2016

NPA sales down to a trickle of just 2% of total bad loans

Notwithstanding rising bad loan problems in the system, sale of stressed assets to asset reconstruction companies (ARCs) in 2015-16 was only a trickle of the NPA mount at 2 per cent of the total of nearly Rs 5.8 trillion, which is down a whopping 20 percent from previous year, says a report.

29 Jun 2016

EPFO advisory body against collection of PF dues by private banks

An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.

26 Jun 2016

With 31% jump, HDFC's Aditya Puri top gainer in salary hike among private bank chiefs

HDFC Bank's Aditya Puri saw the maximum jump in remuneration among private bank chiefs in 2015-16, with a 31 per cent growth at Rs 9.73 crore.

08 Jan 2016

Know the reason behind banking strike today

A section of public sector banks' employees went on a strike across the country to protest violation of bilateral settlement agreement by associate banks of SBI.

08 Jan 2016

Bank employees go on nationwide strike, operations hit partially

Banking operations were hit partially on Friday as a section of public sector banks' employees went on a strike across the country.

08 Jan 2016

Bank employees go on nationwide strike; banking services likely to be hit

All India Bank Employees' Association (AIBEA) has called for a one-day nation-wide strike on Friday (January 8) to protest against the "unfair" policies adopted by SBI with respect to its five associate banks.

01 Jan 2016

Banks enter 2016 with $60 billion red ink on books

As a New Year begins, it's not a clean slate for the banks with balance sheets full of red ink due to huge bad loans worth about USD 60 billion and a serious clean-up job is a must in 2016 with the RBI having set a deadline.

10 Nov 2015

Govt announces FDI reforms in 15 sectors

State Bank of India

24 Aug 2015

SBI chief says crisis year lending by PSBs helped pvt banks

State Bank of India chief Arundhati Bhattacharya Monday said state-run lenders' risk-taking during the crisis years is helping private sector lenders report healthy asset growth by "cannibalising" the completed projects.

07 Jul 2015

Axis Bank's mobile transactions double in June

Third-largest private sector lender Axis Bank Tuesday reported doubling of its number of mobile transactions for June, with the total value touching the Rs 2,400 crore mark.

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