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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.

State Bank of Patiala ready to merge

State Bank of Patiala ready to merge

Last Updated: Wednesday, July 30, 2014, 12:29

SBI has five associates -- State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad.

US hits 3 Russian banks with sanctions over Ukraine

Last Updated: Wednesday, July 30, 2014, 02:39

The US Treasury announced punitive sanctions on three leading Russian banks including the giant VTB on Tuesday to press Moscow over its support for rebels in Ukraine.

JPMorgan paying USD 650K to settle CFTC charges

Last Updated: Wednesday, July 30, 2014, 01:17

JPMorgan Chase will pay USD 650,000 to settle charges by federal regulators that it filed inaccurate reports on the trading positions of some of its large customers.

Deutsche Bank hit by Q2 profit fall, Moody`s downgrade

Deutsche Bank hit by Q2 profit fall, Moody`s downgrade

Last Updated: Tuesday, July 29, 2014, 18:12

Deutsche Bank, Germany`s biggest lender, said Tuesday its net profit in the second quarter fell by 29 percent, due mainly to a heavier tax bill.

RBI suggests Sebi action against 'wilful' defaulters

RBI suggests Sebi action against 'wilful' defaulters

Last Updated: Tuesday, July 29, 2014, 16:40

Tightening the regulatory noose around wilful defaulters of bank loans, RBI has suggested to watchdog Sebi that such entities should be prevented from raising funds through capital markets.

Bank of Cyprus approves $1 bn private share placement

Bank of Cyprus approves $1 bn private share placement

Last Updated: Tuesday, July 29, 2014, 15:30

BoC announced late Monday the successful placement of 4.2 billion new ordinary shares at a price per share of 24 euro cents.

Not considering any proposal for merger with United Bank: IDBI Bank

Not considering any proposal for merger with United Bank: IDBI Bank

Last Updated: Tuesday, July 29, 2014, 10:50

State-owned IDBI Bank has said it is not considering any proposal to merge Kolkata-based United Bank of India with itself.

Morgan Stanley to raise junior bankers'' base salaries by 25%: Report

Last Updated: Tuesday, July 29, 2014, 06:51

Morgan Stanley is raising base salaries for junior bankers by about 25 percent in a bid to improve working conditions and retention, Bloomberg said, citing people briefed on the matter.