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SBI Capital to make report on PSU bank merger within a month

SBI Capital to make report on PSU bank merger within a month

Last Updated: Thursday, July 31, 2014, 16:53

The Finance Ministry has appointed SBI Capital Markets to undertake a study on mergers as well as recapitalisation of state-owned banks and the report is likely to be finalised within a month.

Modi will launch financial inclusion campaign: Jaitley

Modi will launch financial inclusion campaign: Jaitley

Last Updated: Thursday, July 31, 2014, 15:25

Prime Minister Narendra Modi will launch the government's campaign for financial inclusion to ensure that 7.5 crore households that do not have access to banking have at least two accounts.

ICICI Bank Q1 net profit up 17% at Rs 2,655 crore

ICICI Bank Q1 net profit up 17% at Rs 2,655 crore

Last Updated: Thursday, July 31, 2014, 14:32

On a standalone basis, the bank posted 17 percent rise in net profit at Rs 2,655 crore.

Govt to provide at least 2 bank accounts per household

Govt to provide at least 2 bank accounts per household

Last Updated: Thursday, July 31, 2014, 14:05

Finance Minister Arun Jaitley held his first meeting with all the heads of public sector banks and financial institutions Thursday on comprehensive financial inclusion agenda.

Lloyds bank says interim net profits more than halve

Lloyds bank says interim net profits more than halve

Last Updated: Thursday, July 31, 2014, 12:19

Britain`s state-rescued Lloyds Banking Group said Thursday that net profits slumped 57 percent in the first half, hit by compensation for insurance mis-selling and fines over Libor rate rigging.

Arun Jaitley to meet heads of PSU banks today

Arun Jaitley to meet heads of PSU banks today

Last Updated: Thursday, July 31, 2014, 09:12

Finance Minister Arun Jaitley will hold his first meeting with all the heads of public sector banks and financial institutions on comprehensive financial inclusion agenda Thursday.

Tokyo stocks open up 0.55%

Tokyo stocks open up 0.55%

Last Updated: Thursday, July 31, 2014, 09:12

Tokyo stocks opened 0.55 percent higher on Thursday, boosted by robust US growth data and the yen`s fall to its lowest level in nearly four months against the dollar.

Bank of America fined $1.3 bn for mortgage fraud

Bank of America fined $1.3 bn for mortgage fraud

Last Updated: Thursday, July 31, 2014, 09:03

A US judge Wednesday ordered Bank of America to pay a $1.3 billion penalty for selling bad loans to mortgage finance firms Fannie Mae and Freddie Mac amid the housing crisis.

Exim Bank inks trade facilitation pact with US body

Exim Bank inks trade facilitation pact with US body

Last Updated: Wednesday, July 30, 2014, 20:23

The agreement was signed at an event addressed by visiting US Commerce Secretary Penny Pritzker in the financial capital.

Bank of India Q1 Net down 16% at Rs 805 crore

Last Updated: Wednesday, July 30, 2014, 17:27

The bank had posted net profit of Rs 964.18 crore during the corresponding April-June quarter in the previous fiscal.

Arun Jaitley to meet heads of PSU banks on financial inclusion tomorrow

Arun Jaitley to meet heads of PSU banks on financial inclusion tomorrow

Last Updated: Wednesday, July 30, 2014, 16:28

Finance Minister Arun Jaitley will hold his first meeting with all the heads of public sector banks and financial institutions on comprehensive financial inclusion agenda Thursday.

Eurozone banks ease loan conditions for businesses: ECB

Eurozone banks ease loan conditions for businesses: ECB

Last Updated: Wednesday, July 30, 2014, 16:19

Banks in the eurozone eased credit standards for loans to businesses in the second quarter for the first time since 2007, the European Central Bank said Wednesday.