Search For "lender"
SBI reduces MCLR and interest rates on time deposits across all maturities
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Sep 9 (ANI): The country's largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost of funds-based lending rate (MCLR) by 10 basis points across all tenors.
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Wipro bags 7-year contract from ICICI Bank for digital services
Updated : 6 years, 8 months ago IST
Bengaluru (Karnataka) [India], Sep 5 (ANI): IT consulting and business process services company Wipro has secured a strategic seven-year engagement valued at 300 million dollars (about Rs 2,165 crore) from private lender ICICI Bank to provide a comprehensive suite of services.
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Cabinet clears Rs 9,300 crore capital infusion in IDBI Bank
Updated : 6 years, 8 months ago IST
New Delhi [India], Sept 3 (ANI): The Central government on Tuesday approved Rs 9,300 crore capital infusion into IDBI Bank to increase the lender's capital base.
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PSU Bank index falls 3.7 pc after merger plan, PNB and Canara Bank stocks
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Sep 3 (ANI): Shares of public sector banks (PSBs) traded under pressure on Tuesday after the government last week unveiled a mega-plan to merge 10 of them for creating four stronger lenders with countrywide networks and global reach.
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Finance Secretary dispels fears of job losses after merger of 10 PSU banks
Updated : 6 years, 8 months ago IST
New Delhi [India], Aug 31 (ANI): The merger of 10 public sector banks (PSBs) to form four big lenders will create more jobs and not lead to any retrenchment as being claimed by some trade unions, Finance Secretary Rajiv Kumar has said.
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Merger of PSBs will unlock new potential: Shah
Updated : 6 years, 8 months ago IST
New Delhi [India], Aug 30 (ANI): Union Home Minister Amit Shah on Friday lauded Prime Narendra Modi and Finance Minister Nirmala Sitharaman after the latter announced the merger of 10 Public Sector Banks (PSBs) into four strong lenders with countrywide networks and global reach to boost c
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Government unveils merger of 10 PSU banks to become four major entities
Updated : 6 years, 8 months ago IST
New Delhi [India], Aug 30 (ANI): Government on Friday announced merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next f
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HDFC Bank elevates Srinivasan Vaidyanathan to CFO level
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Aug 22 (ANI): Private lender HDFC Bank on Thursday appointed Srinivasan Vaidyanathan as its Chief Financial Officer (CFO) as the bank seeks to strengthen compliance with regulatory norms.
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Coffee Day Group to clear all due debt of Rs 4,970 crore
Updated : 6 years, 9 months ago IST
Bengaluru (Karnataka) [India], Aug 17 (ANI): Coffee Day Enterprises Ltd (CDEL) said on Saturday that total debt of the Coffee Day Group stands at Rs 4,970 crore and all obligations to the lenders will be honoured.
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Axis Bank reports 95 pc rise in Q1 PAT at Rs 1,370 cr
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], July 30 (ANI): Private lender Axis Bank on Tuesday reported a net profit of Rs 1,370 crore, up 95.4 per cent from Rs 701.1 crore in the same quarter of last year.
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ICICI Bank posts Q1 profit of Rs 1,908 crore
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 27 (ANI): Private sector lender ICICI Bank said on Saturday its profit in June quarter (Q1) stood at Rs 1,908 crore against a loss of Rs 120 crore in the year-on period due to healthy net interest income and improved asset quality.
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Indian non-banks' relief from funding pressure only short-term: Fitch
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India] July 25 (ANI): The Indian government's partial credit guarantee on asset purchases from non-bank lenders will ease funding pressure on the non-bank sector in the short term, Fitch Ratings said on Thursday but added that it does not address investors' long-term co
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