Archive for the 'Banking' Category

Oriental Bank plans to cut rates

Oriental Bank of Commerce  plans  to soon bring down its prime lending rates by 25-50 basis points. This will lower its prime lending rates from the current 12 per cent up to 11.50 per cent.

Buy ICICI Bank

Sharekhan has issued a Buy ICICI Bank report with target price of Rs 552

Banks can’t lower rates further: IBA chief

Indian Banks’ Association on Thursday said banks cannot lower their lending and deposit rates any further under the current scenario. “There is no more headroom for banks to cut their prime lending rates (PLR) and deposit rates in the near future,” IBA Chairman T S Narayanasami said.

IOB capitalises on hike in stake by LIC

The bank made this announcement after trading……

Union Bank of India raises additional capital

Union Bank of India has raised additional capital ……

RBI’s new norms lift banking shares

At 10:46 IST, the BSE Bankex was up 1.39% at ……

HDFC Bank allots equity shares

The committee of HDFC Bank has approved allotment ……

Indusind Bank launches new look branch model at Bandra

IndusInd Bank has inaugurated its first new look b……

HDFC Bank leads gainers in ‘A’ group

HDFC Bank vaulted 6.31% to Rs 940.50 and topp……

HDFC Bank vaults following overnight ADR surge

Meanwhile, the BSE Sensex was up 178.60 point……

AXIS Bank to allot equity shares

The committee meeting of AXIS Bank will be held on……

ING executive urges employees to give up bonuses

The head of the supervisory board at Dutch banking and insurance giant ING on Monday issued a “moral appeal” to senior employees to give up their 2008 bonuses after the firm received state aid.

More fiscal stimulus will be costly: RBI

Subbarao said FY10 will be a challenging year unless business confidence and investment revived

Will look at revising rates : KV Kamath

KV Kamath, MD and CEO, ICICI Bank said banks were waiting for the next monetary initiative and the lending from banks was at record levels

RBI to buy back Rs 80,000cr of bonds

The central bank will buy back government bonds through open market operation in the first six months of FY10


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