Archives for Banks - Page 4
Reserve Bank to transfer Rs 65,896 crore surplus to Centre
The Reserve Bank of India will transfer its surplus profit of Rs 65,896 crore to the Centre, which is about 25% more than the amount given last year. "The Central…
SBI Q1 profit rises 10% to Rs 3692 cr, NII disappoints
State Bank of India (SBI) beat analysts' expectations on Tuesday with the first quarter net profit rising percent year-on-year to Rs 3,692 crore. Other income supported profitability but slow growth…
ICICI to give loans in rural areas at minimum lending rate
The largest private lender ICICI Bank will offer loans of up to Rs 15 lakh at base rate -the minimum lending rate- in rural areas, it said on Monday. ICICI…
RBI keeps repo rate unchanged at 7.25%; CRR unchanged
MUMBAI: Reserve Bank of India Governor Raghuram Rajan kept interest rates unchanged as expected but raised hopes of a reduction before the end of the year if the monsoon maintains…
HSBC’s profit before tax from India falls 12% to $335 million
Mumbai: Hong Kong and Shanghai Banking Corp Ltd (HSBC) on Monday said its profit before tax from India fell 12% to $335 million in the six months ended 30 June…
RBI keeps key policy rates unchanged
MUMBAI: The Reserve Bank of India on Tuesday kept the key policy rates unchanged even as it retained the growth target for 2015-16 at per cent. The repo rate has…
RBI Likely to Cut Rate by 0.25% on Tuesday: Moody’s Analytics
New Delhi: Research firm Moody's Analytics on Monday said the Reserve Bank is likely to cut the benchmark rate by per cent in its monetary policy review on Tuesday as…
ICICI Bank Q1 net profit up by 12% to Rs 2,976 crore
ICICI Bank, the leading private sector lender on Friday reported a growth in net profit at Rs 2, crore for the June quarter of current fiscal. The bank had a…
Kotak Mahindra Bank Falls 4% As Q1 Net Plunges 56%
Shares of Kotak Mahindra Bank fell over 4 per cent on Friday after the India's fourth-biggest private sector lender by assets reported a 56 per cent fall in its net…
YES Bank Q1 net profit up 28% at Rs 551 crore
Mid-sized private sector lender YES Bank on Wednesday posted a jump of per cent in its Q1 net profit standing at Rs crore compared with crore a year-ago due to…
Punjab National Bank open to selling NPAs worth Rs 2,600-3,000
PNB Executive Director (with additional charge of MD & CEO) Gauri Shankar said PNB plans to sell NPAs worth Rs 2,600-3,000 crore to ARCs in the current financial year. On…
IDFC gets RBI nod for starting banking operations
NEW DELHI: Infrastructure financing firm IDFC Ltd today said the Reserve Bank of India (RBI) has granted banking licence to IDFC Bank for undertaking banking business in the country. "The…