Bank
- Business
Kotak Mahindra Bank acquires Standard Chartered India’s personal loan biz
Mumbai: Kotak Mahindra Bank on Thursday said it has completed the acquisition of the personal loan portfolio of Standard Chartered India for Rs 3,330 crore. The acquisition, which received the necessary regulatory…
- Business
World Bank projects India’s growth to be 6.7 pc in next two fiscal years
United Nations: The World Bank projects India’s economy to grow by 6.7 per cent in the next fiscal year starting in April, slightly higher than in the current fiscal year, and continuing…
- Business
Banks hike interest rates on FDs amid fierce competition for deposits
Mumbai: Banks have started offering higher returns on FDs amid fierce competition to raise more deposits. While leading banks such as SBI and HDFC were the first to raise interest rates on…
- Hyderabad
Sankranti, Republic Day, other bank holidays in Hyderabad
Hyderabad: The banks in Hyderabad will remain closed for seven days in January 2025 due to Sankranti and other holidays, as announced by the Reserve Bank of India (RBI). According to the…
- Middle East
Police launch manhunt for 1,425 Keralites in Rs 700 crore fraud against Kuwait bank
The Kerala Police have initiated an extensive probe into a massive fraud involving approximately 1, 425 Keralites including 700 nurses who allegedly duped the Gulf Bank of Kuwait of around Dh 303…
- Business
SBI Q2 net profit jumps 23 pc to Rs 19,782 cr
Mumbai: SBI on Friday reported a 23 percent on-year jump in consolidated net profit at Rs 19,782 crore for the quarter ended September 30, 2024. The consolidated net profit for the corresponding…
- Business
Kotak Mahindra Bank Q2 results: Net profit rises 4.8 pc to Rs 3,344 cr
New Delhi: Kotak Mahindra Bank on Saturday, October 19 reported a net profit of Rs 3,344 crore in the July-September period (Q2 FY25), up 5 percent from Rs 3,191 crore in the…
- Middle East
UAE bank likely to acquire significant stake in Indian lender, says envoy
An Abu-Dhabi based bank is likely to acquire a significant stake in an Indian bank, United Arab Emirates (UAE) envoy to India Abdulnasser Alshaali told CNBC TV-18. In the interview, the envoy…
- Politics
Banks must raise more deposits, step up lending: FM Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Saturday urged banks to raise more deposits from the public and step up lending for government schemes announced in Budget 2024-25. Addressing the media after…
- Business
Bank Nifty edges higher on robust credit growth
Mumbai: Although the RBI policy meeting unfolded as anticipated on Friday, concerns over food inflation and warnings of a heat wave tempered the sentiment, said Vinod Nair, Head of Research at Geojit…
- News
RBI directs all Agency Banks to remain open on March 31
Mumbai: The Reserve Bank of India (RBI) on Wednesday issued an order for all branches of banks dealing with government receipts and payments to remain open on March 31, which is a…
- Middle East
Dubai ruler announces 20% annual tax on foreign banks
Dubai: Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai, on Thursday, March 7, issued a law mandating a 20 percent annual tax…
- Business
Hit by ransomware, China’s biggest lender pays hackers to ‘close deal’
The US arm of the Chinese state-owned commercial bank, Industrial and Commercial Bank of China (ICBC), which was hit by a ransomware attack on November 9 that disrupted trade in the US…
- India
More than 97% of Rs 2,000 notes returned to banking system: RBI
Mumbai: The Reserve Bank of India (RBI) on Wednesday said that more than 97 per cent of the Rs 2,000 bank notes have been returned to the banking system and only about…
- Middle East
CBUAE lifts monitoring imposed on bank operating in UAE
Dubai: The Central Bank of the UAE (CBUAE) announced the conclusion of administrative measures it had previously imposed on a bank operating in the UAE. This is a result of the bank’s…
