Banks general
Govt plans Rs70,000-cr capital infusion in state-run banks in four years
01 Aug 2015
Government expects the fresh capitalisation to improve valuations of PSBs, unlock value from non-core assets and improve capital productivity, enabling banks to raise an additional Rs110,000 crore from the market
ICICI Bank Q1 net profit up 12% at Rs2,976 crore
31 Jul 2015
BNP Paribas to acquire brokerage firm Sharekhan
30 Jul 2015
Oriental Bank Q1 net down 29% at Rs258-cr
30 Jul 2015
RBS to sell $2.2-bn stake in US bank Citizens
29 Jul 2015
RBS acquired Rhode Island-based Citizens in 1988 aiming to create a foothold in the US market
PNB weighing takeover of steelmakers to recover bad loans: report
29 Jul 2015
PNB is awaiting government nod to take control of some of these steel companies and sell them to recover its loans
IDFC receives banking licence, services to start by year-end
24 Jul 2015
IDFC Bank has been granted a banking licence by RBI, making the infrastructure financier the second lender after Bandhan Bank to get a banking licence in over a decade
HSBC close to selling Turkish unit to ING for $750 mn: report
23 Jul 2015
Analysts sayTurkey is a difficult market for foreign banks due to stiff competition with local lenders, and yet attractive by virtue of its young population and geographic location between Asia and Europe
Citibank fined $700 mn over illegal credit card practices
23 Jul 2015
The regulators’ investigations revealed that Citibank marketed these products deceptively to consumers who did not realise they were both applying for credit card and purchasing debt-protection coverage
Barclays may cut up to 30,000 jobs in two years: report
20 Jul 2015
Barclays is expected to cut more than 30,000 of its staff within two years as it accelerates a cost-cutting programme
SBI moots profit share for staff to retain talent
17 Jul 2015
The move is aimed at retaining officers at the middle and senior management levels
Libor rigging: Former trader tells court he wanted to do his job as “perfectly as he could”
08 Jul 2015
US banks resubmit bankruptcy contingency plans
07 Jul 2015
UK banks urge Osborne to cap bank levy
06 Jul 2015
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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