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IndusInd Bank Q4 Net up 29% at Rs 396 cr; declares 35% dividend

IndusInd Bank Q4 Net up 29% at Rs 396 cr; declares 35% dividend

Last Updated: Wednesday, April 16, 2014, 22:18

The bank had a net profit of Rs 307.40 crore in the same quarter of the previous fiscal.

Bank of America reports loss on huge legal charges

Bank of America reports loss on huge legal charges

Last Updated: Wednesday, April 16, 2014, 22:13

The loss was its first since the second quarter of 2011.

RBI for independent body for forex benchmark rate

RBI for independent body for forex benchmark rate

Last Updated: Wednesday, April 16, 2014, 22:13

The Reserve Bank Wednesday suggested setting up of an independent body for recommending benchmark foreign exchange rate to avoid any possibility of manipulation by bankers.

Give benefit of differential rate to MSE sector: RBI to banks

Give benefit of differential rate to MSE sector: RBI to banks

Last Updated: Tuesday, April 15, 2014, 22:14

The Reserve Bank on Tuesday asked banks to give the benefit of differential rate of interest to micro and small enterprises (MSE) on the basis of credit guarantee cover.

46% SMEs under credit stress, may default: India Ratings

46% SMEs under credit stress, may default: India Ratings

Last Updated: Tuesday, April 15, 2014, 22:05

Nearly half of bank loans extended to listed small businesses, having a revenue of under Rs 300 crore, are under stress and there is a little possibility of improvement in the near future as their revenue growths will remain under pressure, says a report.

Israel looks for gunman after fatal West Bank shooting

Last Updated: Tuesday, April 15, 2014, 20:28

Israeli troops were scouring a village near the southern West Bank city of Hebron today, residents said, a day after a gunman killed an Israeli nearby.

Ukraine currency recovers after 46% interest rate hike

Last Updated: Tuesday, April 15, 2014, 17:39

Ukraine`s currency steadied today after heavy falls and after the crisis-hit country`s central bank unexpectedly raised the key interest rate by nearly 50 per cent to boost consumer confidence and stop spiralling inflation.

HDFC Bank sets Guinness record in blood collection

Last Updated: Monday, April 14, 2014, 21:01

The blood donation camp organised by HDFC Bank on December 6, 2013 involving 61,902 participants has found a place in Guinness Book of Records as the largest such drive on a single day.

Citigroup profits up 3.5% on lower costs, improved credit

Last Updated: Monday, April 14, 2014, 18:47

Citigroup reported slightly higher quarterly earnings on Monday, as lower expenses and credit losses helped offset revenue declines in mortgage finance and trading.

Citigroup cuts 200-300 jobs: Report

Last Updated: Monday, April 14, 2014, 18:11

US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.

Israel allows settlers back into contested West Bank home

Last Updated: Sunday, April 13, 2014, 23:12

Israeli Defence Minister Moshe Yaalon on Sunday approved the return of Jewish settlers to a contested house in the West Bank city of Hebron, his office said.

PNB opens 120 branches on 120th Foundation Day

Last Updated: Sunday, April 13, 2014, 15:03

The bank started its operation on April 12, 1895, in Lahore, now in Pakistan.