Foreign private banks plan India headcount boost in revival of growth push

Last Updated: Tuesday, February 17, 2015, 09:01

Foreign private banks are bulking up in India once again after downsizing in the past few years, anticipating new opportunities to advise Indian millionaires eager to cash in on an Internet start-up boom and on signs of an economic revival.

HDFC Bank to open 16 branches in Odisha by March-end

Last Updated: Friday, February 6, 2015, 21:07

Private lender HDFC Bank on Friday said it will open 16 more branches in Odisha by the end of March this year.

Axis Bank Q3 net up 18% at Rs 1,899 crore

Last Updated: Friday, January 16, 2015, 13:47

The third largest private sector bank's net profit in the corresponding October-December quarter of FY14 stood at Rs 1,604.11 crore.

ICICI wants others to follow 'digital village' model: Kochhar

Last Updated: Monday, January 5, 2015, 17:17

Expecting her 'ICICI digital village' project to become a role model, the private sector bank's chief Chanda Kochhar says she wants other entities to come forward and launch similar projects.

Finance Ministry may hold fresh interview for heads of 3 PSU banks

Last Updated: Sunday, December 14, 2014, 12:37

There is a proposal that the interview for executive heads of category A banks could be held once again where candidates from private sector banks can also appear, sources said.

China's Tencent wins approval to start banking business

Last Updated: Saturday, December 13, 2014, 10:08

The launch of Tencent`s private bank marks a gradual opening of China`s closely guarded banking sector that is currently dominated by state giants.

Safra Sarasin to shut India wealth JV: Sources

Last Updated: Friday, October 4, 2013, 23:58

J. Safra Sarasin Group, a Swiss private bank, is shutting its Indian joint venture after it was unable to build significant scale in a competitive market hit by slowing economic growth, sources with direct knowledge of the matter said.

Private banks step up hiring; top-five add over 15,000 staff

Last Updated: Sunday, June 16, 2013, 12:27

Leading private sector lenders are in top gear when it comes to expanding their headcount and just five of them, including ICICI Bank and HDFC Bank, added more than 15,000 employees to their payrolls in the last fiscal.

No application yet to RBI for setting up new private banks: Govt

Last Updated: Tuesday, April 23, 2013, 18:40

RBI had invited applications two months ago and the last date is July 1, 2013.

Two held for duping private bank customers in TN

Last Updated: Wednesday, December 5, 2012, 22:21

Two persons, who allegedly misappropriated nearly Rs 10 lakh from customers of three leading private banks, were arrested Wednesday.

Yes Bank raises domestic savings rate to 7%

Last Updated: Thursday, December 22, 2011, 10:32

Private sector lender Yes Bank said on Thursday it raised savings deposit rates to 7 percent from 6 percent for domestic customers with immediate effect.

StanChart India plans to double private bank assets by 2014

Last Updated: Thursday, September 22, 2011, 09:17

Standard Chartered expects assets under management at its Indian private banking business to double by 2014, said the unit's country head, though stiff competition will continue to exert pressure on the fees charged by the sector players.