SBI chief says crisis year lending by PSBs helped pvt banks

Last Updated: Monday, August 24, 2015, 22:27

State Bank of India chief Arundhati Bhattacharya Monday said state-run lenders' risk-taking during the crisis years is helping private sector lenders report healthy asset growth by "cannibalising" the completed projects.

Axis Bank's mobile transactions double in June

Last Updated: Wednesday, July 8, 2015, 00:49

Third-largest private sector lender Axis Bank Tuesday reported doubling of its number of mobile transactions for June, with the total value touching the Rs 2,400 crore mark.

Kotak Bank bullish on corporate loans, eyes up to 20% growth

Last Updated: Sunday, July 5, 2015, 14:24

Even as big-ticket loan demand continues to be tepid, private sector lender Kotak Mahindra Bank is confident of maintaining up to 20 per cent growth in corporate loan book this financial year.

BSE Sensex falls, RBI stress test shows likely jump in bad loans for private banks

Last Updated: Friday, June 26, 2015, 11:56

The RBI also said the probability of slippage of state electricity boards` exposure to bad loans is very high considering the implementation of new regulatory norms effective April 1, 2015.

Lakshmi Vilas Bank raises deposit rates by 1%

Last Updated: Tuesday, June 16, 2015, 18:54

The bank, which had a low share of the cheaper current and savings account deposits at 16.7 percent as of March, will offer 5 percent interest on saving bank deposits of up to Rs 5 lakh, it said in a statement.

ICICI Bank to focus on leveraging technology: Kochhar

Last Updated: Sunday, June 7, 2015, 18:02

"We have leveraged our technology capabilities to facilitate faster and convenient processes, create best-in-class technology platforms and reduce transaction costs.

Private banks can pay up to Rs 10 lakh to non-exec directors: RBI

Last Updated: Monday, June 1, 2015, 22:02

In a bid to attract professional talent, the RBI Monday allowed private sector banks to pay up to Rs 10 lakh per annum as compensation to non-executive directors besides sitting fee for attending board meetings.

IBA to sign wage revision pact with banks unions on Monday

Last Updated: Friday, May 22, 2015, 17:31

Bank unions will be formally signing the new wage revision agreement with the industry body Indian Banks Association (IBA) on Monday, one of the heads of the unions said today.

RBI asks PSBs,large pvt and foreign banks to appoint ombudsman

Last Updated: Monday, May 11, 2015, 19:44

The RBI has taken this initiative to further boost the quality of customer service and to ensure undivided attention to resolution of customer complaints.

ICICI, HDFC Bank cut bulk deposit rates by up to 0.25%

Last Updated: Monday, March 30, 2015, 18:58

Fixed deposit rate of maturity between 121-150 days has been revised downward to 8 per cent from 8.25 per cent earlier.

Govt should engage more private banks in subsidy schemes: Assocham

Last Updated: Monday, March 9, 2015, 14:50

More private sector banks should be engaged in the agency business of the central and state governments for speedy implementation of various subsidy schemes, according to industry body Assocham.

Govt should engage more pvt banks in subsidy schemes:Assocham

Last Updated: Monday, March 9, 2015, 14:28

More private sector banks should be engaged in the agency business of the central and state governments for speedy implementation of various subsidy schemes, according to industry body Assocham.