RBI nod mandatory for buying over 5% stake in private bank

RBI on Thursday said its prior approval will be required for acquisition of shares or voting rights in a private bank for increasing the aggregate holding to 5 percent or more, as it put in place detailed take purchase norms in banks.

Yes Bank to enter credit cards, hires Prabhu to lead division

"Credit cards are being launched in Q1 of FY17 to fully complete the retail banking product suite," the bank said in a statement.

Yes Bank to decide on $1 bn share sale in H2

"We will decide about ADR/GDR or domestic issuance of shares in the second half of the current fiscal," Kapoor, Managing Director and CEO of Yes Bank said.

IndusInd Bank Q4 profit rises 25% to Rs 495 cr

The lender had earned Rs 396.05 crore in the fourth quarter ended March 31, 2014.

VVIP chopper deal: ED summons private bank CEO

 Enforcement Directorate (ED) has summoned the CEO of a private bank in connection with its money laundering probe in the multi-crore rupee AgustaWestland VVIP helicopter deal.

HDFC Bank opens 111th branch in Odisha

The new branch, inaugurated by Odisha Chief Secretary Gokul Chandra Pati, will remain open six days a week, offering residents the flexibility to carry out their banking transactions at the time most convenient for them.

ICICI Bank gets equity capital repatriation from foreign units

"The bank has, in March 2015, received further equity capital repatriation of CAD 80 million from ICICI Bank Canada and USD 75 million from ICICI Bank UK," it said in a BSE filing.

HDFC expects to have 200 branches in Kerala in two years

HDFC Bank, which on Thursday opened its 150th branch in Kerala, wants to take the branch distribution to 200 in the state in 12-24 months, a top bank official said on Thursday.

New Credit Suisse boss faces stiff challenge in Asia

Incoming Credit Suisse boss Tidjane Thiam is expected to focus on private banking in Asia while aggressively cutting jobs at its investment bank, as he aims to repeat the success in the region of his old employer, Prudential. 

HDFC Bank to open 16 branches in Odisha by March-end

Private lender HDFC Bank on Friday said it will open 16 more branches in Odisha by the end of March this year.

Axis Bank Q3 net up 18% at Rs 1,899 crore

The third largest private sector bank's net profit in the corresponding October-December quarter of FY14 stood at Rs 1,604.11 crore.

ICICI wants others to follow 'digital village' model: Kochhar

Expecting her 'ICICI digital village' project to become a role model, the private sector bank's chief Chanda Kochhar says she wants other entities to come forward and launch similar projects.

Upper age limit for MD & CEO of a pvt bank is 70 years: RBI

The Reserve Bank Tuesday fixed 70 years as the maximum age for a person to hold office of MD & CEO and other Whole Time Director (WTD) in a private bank as stipulated in the new Companies Act.

Kotak Bank sets up ATMs at Mumbai Metro stations

The bank has installed 2 ATMs at every station. Its executive vice president (consumer banking) Puneet Kapoor said.

No application yet to RBI for setting up new private banks: Govt

RBI had invited applications two months ago and the last date is July 1, 2013.

Two held for duping private bank customers in TN

Two persons, who allegedly misappropriated nearly Rs 10 lakh from customers of three leading private banks, were arrested Wednesday.

Yes Bank raises domestic savings rate to 7%

Private sector lender Yes Bank said on Thursday it raised savings deposit rates to 7 percent from 6 percent for domestic customers with immediate effect.

DBS drops out of race for ING private bank: Report

DBS Group, Southeast Asia`s biggest lender, has pulled out of the race to buy ING`s private banking unit in Asia, as it did not want to pay a premium for the business, a source with knowledge of the deal said.