Banks Board Bureau recommends names for heading 3 state-owned banks
The Bureau recommends the following candidates, in order of merit, for the position of the MD & CEO in Bank of Baroda, Canara Bank and Bank of India, BBB said in a statement. The decision on the appointment will be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. PM Modi, in 2016, approved the constitution of BBB
Another auditor arrested in PMC Bank scam
This is the eighth arrest in the case. Anita Kirdat (35), a 'concorrent auditor' of the bank, was a...
Share market update: Bank shares mixed; RBL Bank up 2%
The Nifty Bank index was trading 0.22 per cent down at 31,048.20 around 09:54 am.
HDFC Bank plans to reach 200 branches across Northeast India
Assam is the gateway to the NorthEast and our endeavour is to make a difference in their lives through our banking services as well as in the society through our social initiatives. We have already impacted more than 15.5 lakh people in the state so far and we are humbled by the trust and support they repose in us. We remain committed to keep serving our customers.
Share market update: Private Bank shares fall; RBL Bank down 2%
The Nifty Private Bank index was trading 0.72 per cent down at 17,095.70 around 12:32 pm.
Share market update: PSU bank shares slip; Syndicate Bank dips 1%
The Nifty PSU Bank index was trading 0.75 per cent down at 2442.55 around 10:48 am.
Banks may be given incentive to extend loans in backward areas: RBI Dy Guv MK Jain
Speaking at an event organised by the National Bank for Agriculture and Rural Development (NABARD), Jain said despite impressive growth in formal agriculture granted, there are still several challenges which need to be tackled.
Better-run banks will get bigger share of deposits
But now, banks penalise a deposit holder for walking into the branch.
3 banks where ROE will improve going forward: Sanjeev Zarbade
In private banks, loan loss provisions and slippages have come down.
HC relief for SBI, other DHFL lenders
Financial Institutions, including SBI, Union Bank of India, Bank of Baroda, HDFC and others, filed intervention plea before Justice Menon on Wednesday, seeking modification of the order. They claimed that they did not fall within the category of creditors, being owners of assets securitised to the DHFL.
Are millennials spawning next wave of NPA piles for banks?
The number of millennials, opting for a new loan grew 58% as against a 14% growth in non-millennial segment.
Pay-to-performance may make it tough for banks to lure top talent
The mandate, intended to motivate the top management and make it more responsible, may instead end up reducing the lure of banking sector among domestic and global professionals, some experts warned even while others welcomed the new pay guidelines based on “pay for performance principle”.
Expansion of bank membership on agenda of BRICS Summit
The summit will suggest BRICS, or the New Development Bank (NDB) board, to consider expansion of membership. Entrants to the Bank could be from Asia, Africa, Eurasia and Latin America. The expansion issue of the Shanghai-headquartered Bank has been on the agenda of BRICS members in the run-up to the summit, officials told ET.
Buzzing stocks: Vodafone Idea, YES Bank, Dish TV, BHEL
YES Bank (Rs 325.71 crore) was leading the pack of most active stocks in value terms.
Buy Axis Bank, target Rs 766: Kunal Bothra
Buy Axis Bank Ltd. at a price target of Rs 766.0 and a stoploss at Rs 716 from entry point.
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