Banking

Bank of Baroda

Bank of Baroda says Rs 25 bn debt restructuring pipeline in June quarter

Bank of Baroda is facing a heavy debt restructuring pipeline on account of delays in projects, but it still expects to grow 3 to 4 percent above the industry growth in 2013/14, its chairman said. It i......read more

Rupee vs Dollar

Indian rupee falls to one-month low against US dollar

The rupee today lost 15 paise to hit a fresh over one-month low at 54.95 against the dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency against other......read more

Dena Bank

Dena Bank net profit halves to Rs 125.67 crore

Public sector lender Dena Bank's profit more than halved to Rs 125.67 crore in the quarter ended March 31 of 2012-13 due to higher provisioning and contingencies. The bank had reported net profit of ......read more

Debit Cards

Prepaid debit cards: a weak link in bank security

A brazen gang of cyber criminals, who stole $45 million from bank ATMs in 27 countries, exposes an Achilles heel in the global financial industry: prepaid debit cards. Cyber security experts and indus......read more

Banking

IDBI Bank cuts retail deposit rates by 0.5 per cent

In the first such move since RBI cut its key rates last week, state-run IDBI Bank today cut its fixed deposit rate offering in two maturities by up to 0.50 per cent. The rate cut is a "considered res......read more

Rupee vs Dollar

Rupee down 32 paise against dollar in early trade

The rupee today lost 32 paise to 54.57 against the dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency against other currencies overseas. Increased de......read more

SBI Home Loan

SBI home loans grow by Rs 3000 crores per month, says Pratip Chaudhury

State Bank of India is expecting a growth of about 30 per cent in home loans after it brought down home loan rates to 9.95 per cent according to Chairman, Pratip Chaudhury. Addressing a press conferen......read more

Cobrapost Expose

Cobrapost sting: Action against banks involved in wrongdoings soon, says RBI

Reserve Bank of India (RBI) today said it has completed investigations against banks following the Cobrapost expose and will take action if they are found guilty of violating prudential banking norms.......read more

RBI asks banks in JK to increase CDR to 40 pc by FY14-end

Reserve Bank of India (RBI) has asked banks in Jammu and Kashmir to increase the credit-deposit ratio to 40 per cent from present 36 per cent by the end of current financial year. RBI Governor D Subba......read more

Indian Rupee

Indian Rupee edges lower at 54.16 on late US dollar demand

The rupee today closed down by a marginal two paise at 54.16 against the US dollar due to fag-end demand for the US currency on reports of defence-related payments. "Dollar demand for defence-related......read more

Banking

SKS Microfinance posts profit of Rs 2.7 cr in fourth quarter, after mammoth loss

SKS Microfinance, India's only stock market listed micro lender, today said it made Rs 2.70 crore net profit for the fourth quarter ended March 31, 2012. The company had posted a net loss of Rs 329 c......read more

Women's Bank to begin operations in November

The blueprint of the country's first Women’s Bank is ready and the venture is likely to start off with six branches across the country by November. With an initial outlay of Rs 1,000 crore, the bank w......read more

Quarterly Results

Shriram Transport Finance Q4 net profit rises 16.6%

Non-banking finance company Shriram Transport Finance today reported a 16.63 per cent rise in consolidated net profit at Rs 383.46 crore for the fourth quarter ended March 31, 2013, driven by a sound ......read more

Allahabad Bank

Allahabad Bank Q4 net profit falls 68.5% at Rs 126.15 cr

State-owned Allahabad Bank today posted 68.5 per cent decline in net profit at Rs 126.15 crore for the fourth quarter ended March 31, 2013 on account of rise in bad loans. The bank had a net profit o......read more