Banking-Banking/Finance-News By Industry-News-The Economic Times

LIC to pick up 5% stake in Bank of Maharashtra

Fri, 10 Feb 2012 16:17:41 GMT

LIC will pick up 5 per cent stake in Bank of Maharashtra through the lender's preferential allotment of shares valued at around Rs 140 crore. LIC to pick up 5% stake in Bank of Maharashtra

Fund infusion: SBI calls shareholders meet on March 19

Fri, 10 Feb 2012 15:56:55 GMT

It further said it will also take approval from its shareholders for the price of each equity share for the preferential allotment, which will be decided on February 17.Fund infusion: SBI calls shareholders meet on March 19

Now banks have to pass exam to get government deposits

Fri, 10 Feb 2012 13:01:07 GMT

The banks are required to score minimum 33 per cent of the 100 digit Index of CDR, agriculture loan, Kisan credit cards and loan for priority sectors.Now banks have to pass exam to get government deposits

Bank loans up 16.4% YoY as on January 27: RBI

Fri, 10 Feb 2012 12:05:19 GMT

Bank deposits fell 306 billion rupees to 57.681 trillion rupees in the two weeks to Jan. 27, the supplement showed. Bank loans up 16.4% YoY as on January 27: RBI

IDBI bank to launch India's first infrastructure fund

Thu, 09 Feb 2012 22:42:46 GMT

State-run IDBI Bank will launch the country's first infrastructure debt fund (IDF) to raise $5 billion for building roads, ports and airports.IDBI bank to launch India's first infrastructure fund

United bank signs remittance deals with Nepal's Global bank

Thu, 09 Feb 2012 00:31:27 GMT

United Bank of India has entered into an agreement with Nepal's Global Bank to launch remittance facility to a large segment of Nepalese population working in India. United bank signs remittance deals with Nepal's Global bank

Standard Chartered Bank lends Rs 250 crore to Bangalore realty firm, DivyaSree Developers

Wed, 08 Feb 2012 23:25:46 GMT

Standard Chartered Bank has lent 250 crore of construction loan to DivyaSree Developers for developing a mixed used project in Bangalore.Standard Chartered Bank lends Rs 250 crore to Bangalore realty firm, DivyaSree Developers

Q&A: Banking and Finance

Wed, 08 Feb 2012 20:10:25 GMT

Our expert guides you in matters relating to financial planning.Q&A: Banking and Finance

Punjab & Sind Bank abolishes prepayment fines on housing loans

Wed, 08 Feb 2012 17:01:08 GMT

Punjab & Sind Bank on Wednesday said it has abolished pre-payment penalties on housing loans for all types of borrowers with immediate effect. Punjab & Sind Bank abolishes prepayment fines on housing loans

Bank of Maharashtra to raise capital from LIC, second after Dena Bank

Wed, 08 Feb 2012 12:22:07 GMT

Widening fiscal deficit has prompted govt to approach LIC to invest in government owned banks.Bank of Maharashtra to raise capital from LIC, second after Dena Bank

Axis Bank travel currency card volume crosses $2 bn mark

Wed, 08 Feb 2012 11:53:08 GMT

Axis Bank today said sales and usage volumes for its travel currency card used for international travel have crossed USD 2 billion.Axis Bank travel currency card volume crosses $2 bn mark

RBI directs banks to disclose unclaimed deposits on net

Tue, 07 Feb 2012 19:37:48 GMT

RBI has directed banks to disclose the list of unclaimed and inoperative deposit account holders, in a bid to help some claimant trace their deposits. RBI directs banks to disclose unclaimed deposits on net

SBI looking at higher profits in FY12, plans expansion abroad

Tue, 07 Feb 2012 16:06:29 GMT

(image) Chairman Pratip Chaudhuri said SBI was set to have a subsidiary in Australia within a year and has proposals for expansion in US and Britain.SBI looking at higher profits in FY12, plans expansion abroad

Temasek selling 1.4 pc stake of ICICI Bank

Tue, 07 Feb 2012 14:51:21 GMT

Singapore state investor Temasek Holdings is selling 1.38 percent stake in India's No. 2 lender ICICI Bank in a deal to raise up to $303 million.Temasek selling 1.4 pc stake of ICICI Bank

RBI asks banks to refund unclaimed deposits of Rs 1,700 cr

Tue, 07 Feb 2012 14:06:16 GMT

The Reserve Bank of India (RBI) has directed banks to disclose the list of unclaimed and inoperative deposit account holders.RBI asks banks to refund unclaimed deposits of Rs 1,700 cr

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