Banks general
Govt draws up 7-point reform plan for PSU banks
14 Aug 2015
The government plans to inject more accountability into PSU bank managements along with the proposed Rs25,000 crore capital infusion
Goldman to buy GE bank’s $16-bn of deposits
14 Aug 2015
Earlier this year, GE announced plans to divest the bulk of its banking operations to simplify its business and focus on its core operations
Activist hedge fund, ValueAct Capital Management takes significant stake in American Express
08 Aug 2015
Sebi looking into role of offshore bank units in share market manipulations
07 Aug 2015
Some major foreign banks, including those headquartered in Switzerland and the UK were allegedly used to launder unaccounted money through domestic stock markets
RBI holds rates as food prices surge
04 Aug 2015
Reserve Bank today decided to keep the policy repo rate at which it lends to banks and the cash reserve ratio (CRR) of scheduled banks unchanged at 7.25 per cent and 4.0 per cent, respectively
UK govt may start RBS stake sale
03 Aug 2015
The British government is set to begin selling its majority stake in banking giant the Royal Bank of Scotland Plc (RBS), seven years after it was bailed out
UK govt may start RBS stake sale
03 Aug 2015
The British government is set to begin selling its majority stake in banking giant the Royal Bank of Scotland Plc (RBS), seven years after it was bailed out
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
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