ICICI hits overseas debt market with $500 mn issue

Last Updated: Wednesday, August 5, 2015, 19:43

India's largest private sector lender ICICI Bank Wednesday hit the US dollar debt market with a benchmark issue, under which it plans to raise up to USD 500 million, market sources said.

Rajan warns of action against banks hiding true NPA numbers

Last Updated: Tuesday, August 4, 2015, 22:02

Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.

Good news, soon anyone can open petrol pump in India

Last Updated: Tuesday, August 4, 2015, 12:27

The government will soon work out the details of the plan after meeting with the executives of PSU oil firms.

Infusion of Rs 70,000 cr in PSBs will fuel economic gowth: FICCI

Last Updated: Monday, August 3, 2015, 23:05

Welcoming government's plan to recapitalise public sector banks with infusion of Rs 70,000 crore over the next four years, FICCI Monday said it augurs well for the banking sector and will help fuel economic growth.

Check misuse of user-id, password: CVC to banks, insurance firms

Last Updated: Monday, August 3, 2015, 15:24

It was also noticed that the officers were not frequently changing their password. "

Bankers see higher PPF rate limiting more deposit rate cuts

Last Updated: Sunday, August 2, 2015, 14:55

Bankers have said there is more room to cut deposit rates which can help bring down lending rates, but fear that competing savings instruments like PPF and tax-free bonds will limit their ability.

Capital infusion of Rs 20,000 crore in public sector banks likely by September

Last Updated: Friday, July 31, 2015, 20:15

Finance Ministry is expected to disburse about Rs 20,000 crore to various public sector banks in the next two months to shore up their capital base.

Bank stocks in limelight; surge up to 8%

Last Updated: Friday, July 31, 2015, 19:05

Bank stocks were in limelight Friday, surging up to 8 percent, after the government announced plans to infuse fresh capital into state-run lenders.

India seeks $4 bn spending boost, almost half for state banks

Last Updated: Friday, July 31, 2015, 16:25

State lenders account for more than 70 percent of all outstanding bank loans, and they are in need of support to meet Basel III regulatory requirements.

1,577 listed firms yet to appoint women directors: Govt

Last Updated: Friday, July 31, 2015, 16:15

Minister of State for Finance Jayant Sinha also informed the Lok Sabha that 24 listed public sector companies do not have a woman director.

NTPC Q1 profit down 3% to Rs 2,135 cr

Last Updated: Thursday, July 30, 2015, 16:04

Its net profit for the April-June quarter of last fiscal was Rs 2,201.20 crore, the NTPC Ltd said in a statement to Bombay Stock Exchange today.

Indian Bank pays Rs 165.62 cr as dividend to govt

Last Updated: Tuesday, July 28, 2015, 14:22

Indian Bank Managing Director and CEO (Additional Charge), Mahesh Kumar Jain presented the cheque to Finance Minister Arun Jaitley in New Delhi, the Chennai-based bank said in a statement.