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Banking-Finance News

ICICI Bank Q4 profit rises 15 percent

Bank's total income rose to Rs.14,465.34 crore for the January-March quarter this year

HDFC Bank Q4 profit rises 23 percent

Bank's total income rose to Rs.49,055.18 crore in 2013-14 from Rs.41,917.49 crore last fiscal year

Reliance Insurance launches online life cover plan

The plan offers Rs.1 crore of life cover for as low as Rs.15 per day

IDFC, Bandhan Financial get banking licences

For doing banking business the applicants have to comply with RBI requirements within 18 months

HDFC mutual fund retains top slot; ICICI Pru catches up

Another large player Reliance Mutual Fund also chasing the leaders

EC nod for RBI to issue new bank licences

Rajan, earlier Tuesday, said the granting of new licences has no link with politics

Issuing bank licences has nothing to do with politics: Rajan

In view of poll code of conduct, RBI has sought Election Commission's nod over the issue

Tata Communications installs 1,000th 'indicash' ATM in NCR

The company is committed to roll out 15,000 ATMs across India by June 2016

Reliance Life targets Rs.2,000 crore business

The private sector insurer aims to log double-digit growth next fiscal

IRDA calls meeting of Sahara India Life officials

Insurance regulator wants to know the likely impact of the recent happenings in the group

Rising bad loans key challenge for Indian banks: Chidambaram

NPAs have risen among large corporate houses as well as small industries

New banking licences: Jalan panel submits report to RBI

There are 25 applicants, including Anil Ambani promoted Reliance Capital

SIDBI, Bahrain Dev Bank ink deal to help small businesses

The MoU would enable Indian MSMEs to expand their business to Bahrain

IRDA to make third party vehicle premium market-driven

The regulator has proposed a premium hike up to 137% for private cars and 45% for two-wheelers

Chidambaram woos education loan borrowers

Nearly 9 lakh students would benefit to the tune of around Rs.2,600 crore

SBI profit slumps by 34 percent in Q3 as bad loans rise

The share price of country's largest lender fall by 1.64 percent to Rs.1475.10 at the BSE

Banks wrote off Rs.140,266 crore loans, say unions

Over 10 lakh bankers are on two-day strike demanding wage hike and halting the banking reforms

Second day of banking strike hurts businesses, economy

ATMs running out of cash in many cities; the strike will end Wednesday 6 a.m

Bank staff begin two-day strike; operations hit

The strike has been called demanding wage revision and some other banking issues

Now, postal department's financial services at a mouse-click

Financial services of the postal department , including Post Office Savings Bank and


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