CHENNAI,
May 16, 2013
The banking sector in India remains robust, and is well prepared to face any future shocks in the economy, according to P. Nanda Kumaran, Managing Director, State Bank of Travancore (SBT), an asso...
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May 12, 2013
South Indian Bank is optimistic of maintaining healthy growth going forward
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Chennai,
May 9, 2013
Indian Bank has reported a 9.5 per cent drop in its net profit at Rs. 1,581.14 crore for the year ended March 31, 2013, against Rs. 1,746.97 crore in the previous financial year. Total income, how...
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LONDON,
May 8, 2013
HSBC Bank USA has received a ‘John Doe’ summons in a case involving its Indian unit
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New Delhi,
May 7, 2013
The Reserve Bank of India (RBI) will shortly come out with its clarifications on issuing licences for more private sector banks, the Finance Ministry said on Tuesday.The RBI has received que...
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BANGALORE,
May 6, 2013
Thrissur-based South Indian Bank on Monday reported a net profit of Rs.502.27 crore for 2012-13, an increase of 25 per cent over the previous year. While deposits increased by 21 per cent during t...
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New Delhi,
May 6, 2013
State Bank of India (SBI) on Monday ruled out any immediate cut in lending rates even as the Reserve Bank had reduced policy rate by 0.25 per cent earlier this week.
“With repo rate (shor...
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Mumbai,
May 3, 2013
Loans restricted to gold jewellery exporters
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BANGALORE,
May 2, 2013
Hit by narrowing interest spreads and worsening asset quality, which reflected in the rising level of non-performing assets, Canara Bank, on Thursday, reported a net profit of Rs.2,872 crores in 2...
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New Delhi,
April 28, 2013
The Reserve Bank is looking into sale of gold coins and gold-related investment products by about 30 banks to find out whether their employees are mis-selling such products to customers.
...
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NEW DELHI,
May 13, 2013
In the eye of the storm for funding corporate warehousing projects on terms far softer than those offered to poor farmers, the National Bank for Agriculture and Rural Development (NABARD) is now b...
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CHENNAI,
May 10, 2013
Repco Home Finance has reported a 30.2 per cent rise in its profit after tax at Rs. 80.02 crore for the year ended March 31, 2013, against Rs. 61.46 crore in the previous financial year. To...
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Kozhikode,
May 9, 2013
The Calicut City Service Cooperative Bank has achieved a distinction by mobilising deposits of over Rs.400 crore during 2012-13. It also carried out transactions to the tune of Rs.4,950 crore in t...
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NEW DELHI,
May 7, 2013
A day after a web portal alleged instances of money laundering by some state-owned banks and LIC, the government on Tuesday said action had been taken against 31 officers and employees, including...
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NEW DELHI,
May 6, 2013
‘Initiate a detailed scrutiny and institute special audit if necessary’
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New Delhi,
May 6, 2013
As many as 23 public and private sector banks and insurance companies were on Monday accused of “running a nation-wide money laundering racket, blatantly violating laws of the land” by online port...
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Mumbai,
May 3, 2013
The Reserve Bank on Friday said it has not given clean chit to ICICI Bank, HDFC Bank and Axis Bank, which are accused of money laundering and flouting KYC norms, and stated the probe against the t...
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Mumbai,
May 3, 2013
Describing high Current Account Deficit (CAD) as the biggest risk to Indian economy, the RBI on Friday said any further deterioration of CAD could result in its policy reversal stance.
“T...
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CHENNAI,
April 30, 2013
Sundaram BNP Paribas Home Finance, the home finance subsidiary of Sundaram Finance, has reported a 35 per cent growth in its net profit at Rs. 126 crore for the year ended March 31, 2013, against...
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MUMBAI,
April 26, 2013
ICICI Bank, on Friday, conceded that some “transactional errors” had been discovered in the audit done following a sting operation by a news portal but insisted that there was no money laundering.
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