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ICICI Bank posts Rs.3,102 crore profit - 07 Nov 2016
Chennai, Nov 7 (IANS) Private sector ICICI Bank Ltd on Monday said it closed the second quarter of the current fiscal with a net profit of Rs 3,102.27 crore... filing in BSE, the bank said it its total income has increased from Rs 16,106.22

ICICI Bank to convert 100 villages into digital in 100 days - 28 Nov 2016
Mumbai, Nov 28 (IANS) Private sector lender ICICI Bank on Monday said... into 'ICICI Digital Villages', villagers will be able to open bank accounts using Aadhar... to use digital channels for banking and payments transactions, said bank MD and CEO

ICICI, HDFC banks lower fixed deposit rates up to 0.25% - 17 Nov 2016
the demonetisation measure, private lenders ICICI Bank and HDFC Bank on Thursday slashed fixed deposit (FD) rates by up to 0.25 per cent.The ICICI Bank has posted... of India and the Syndicate Bank -- as well as the private sector ICICI and Kotak

ATMs not functioning in Noida - 11 Nov 2016
Noida, Nov 11 (IANS) Most ATMs, including those of ICICI Bank, Canara Bank and Corporation Bank are not become operational here.After the government... after noon," ICICI Bank guard Rajesh Kumar told IANS.Punjab National Bank ATM

Axis Bank cuts cost of lending rate by 0.15-0.20% from Friday - 16 Nov 2016
sector ICICI Bank and Kotak Mahindra Bank, have cut lending rates.To nudge banks...New Delhi, Nov 16 (IANS) Private sector Axis Bank on Wednesday announced a cut... effective coming Friday."Axis Bank reviews and reduces the MCLR by 15 basis points

End of old currency exchange gives some respite to Bank Staff - 25 Nov 2016
be exchanged from Reserve Bank of India, or can be deposited in banks. A bank executive with New Delhi's Saket branch of ICICI bank said, “This one task... to the bank staff across the country with burden of demonetisation off their shoulders

Bank staff gets some respite with end of old currency exchange - 25 Nov 2016
executive with New Delhi's Saket branch of ICICI Bank. "Just for Rs 2,000, we had...New Delhi, Nov 25 (IANS) The overstretched bank staff across the country heaved... be exchanged from the counters of the Reserve Bank of India alone, or can be deposited

Slight decline in bank rush, senior citizens get to exchange notes - 19 Nov 2016
cash at banks and ATMs.One Sunil Jain tweeted: "Bank lines much shorter! Was at HDFC bank at 10 (a.m.), cash over at 10.15 so line shortened!!! Cash will come... staffer Fareed Ahmad.Ahmed, who said he had come to deposit cash in a bank

Union Bank posts lower profits; Central Bank shows net loss - 04 Nov 2016
Chennai, Nov 4 (IANS) Government-owned banks Union Bank of India and Central Bank of India on Friday announced contrasting results -- one logging net profit and the other net loss.In a regulatory filing in BSE, Union Bank of India said

SC/ST Bank sought on lines of Mahila Bank - 28 Nov 2016
-- Parisangh -- urged Prime Minister Narendra Modi to open a separate bank... reservation. He said a seperate bank for SC/ST (Scheduled Caste and Tribes) would help... to demonetisation. It will be beneficial to the economy if a SC/ST bank

Andhra Bank's profit down, IOB's loss up - 11 Nov 2016
Chennai, Nov 11 (IANS) Two government owned banks -- Andhra Bank and Indian Overseas Bank (IOB) -- on Friday announced contrasting second quarter results with Andhra Bank showing profit and higher income and IOB a loss and lower income.In

Axis Bank to launch chat bots for 'intelligent' banking - 15 Nov 2016
New Delhi, Nov 15 (IANS) Axis Bank, India's third largest private bank... banking app and messaging platforms like Facebook Messenger, Axis Bank said...," said Rajiv Anand, Executive Director (Retail Banking), Axis Bank."Repeat value

Indian banks in China not to accept scrapped bank notes - 17 Nov 2016
currency notes of Rs 500 and 1,000 at Indian bank branches here.The Indian embassy in an advisory said the demonetised bank notes "cannot be deposited at branches... in writing enabling another person in India to deposit the notes into his or her bank

Customers halted operations, says bank staff union - 24 Nov 2016
Kolkata, Nov 24 (IANS) The Bank Employees Federation of India (BEFI) on Thursday alleged that customers vandalised bank property in some of the branches... halted the day's operations in a branch of a public sector bank at Amabikanagar

UCO Bank raises Rs 750 crore capital - 04 Nov 2016
Kolkata, Nov 4 (IANS) State-run UCO Bank on Friday said it raised Rs 750 crore additional tier-1 capital by way of private placement."The Bank has raised non... III norms, the bank's capital adequacy ratio was at 9.90 per cent at the end

Airtel Payments Bank links talktime with savings accounts - 02 Dec 2016
New Delhi, Dec 2 (IANS) Aiming to acquire more customers, Airtel Payments Bank on Friday said for every rupee deposited in its savings bank account, customers... opening a savings account with Airtel Payments Bank, will get one minute of talk

Amul to pay milk producers through bank - 22 Nov 2016
that the group will credit payments to its milk producers directly through the bank... direct credit in their bank account," Patel said in a statement.He also said that they were in the process of opening bank accounts for milk producers who do

Man arrested in Jharkhand for stashing Maoist cash in bank - 11 Nov 2016
belonging to a Maoist guerilla in a bank, police said on Friday.Nand Kishore... late Thursday. He was carrying the money to deposit it in a bank. Police intercepted Kishore while he was on his way to the bank. During interrogation, he

Bank vandalised in Manipur due to non-payment - 02 Dec 2016
Imphal, Dec 2 (IANS) Angry customers on Friday vandalised the State Bank... turn, bank employees pulled down the shutters to save themselves inside... that the customers got infuriated due to the insensitive attitude of the bank

Bag with demonetised currency snatched outside Gurugram bank - 17 Nov 2016
-value currency from a woman outside a crowded bank on Thursday and managed to flee... in Punjab National Bank near Gurugram's main bus stand on Thursday afternoon when... and outside the bank, no one came forward to help her," Bijender Singh, Chief

Congress dares PM to disclose BJP's bank transactions - 14 Nov 2016
Modi to make public the bank transactions of the BJP's national and regional... in some bank accounts in September.The Congress also attacked the government... leading to increase in bank deposits. Congress said the Bharatiya Janata Party

Major bank union threatens to 'review' cooperation to demonetisation - 15 Nov 2016
Chennai, Nov 15 (IANS) A major bank employees union said it will have... Secretary, All India Bank Employees' Association (AIBEA) told IANS on Tuesday."Further there will be a circus within the bank branches if the government

'No move to seal bank lockers, confiscate jewellery' - 18 Nov 2016
said there was no move to seal bank lockers nor was it true that the ink... bank lockers and confiscate gold, diamonds and jewellery. Reality: This is baseless. There is no proposal to seal bank lockers and confiscate the jewellery

Health is greatest bank balance: Anil Kapoor - 27 Nov 2016
Mumbai, Nov 27 (IANS) Actor-producer Anil Kapoor says the greatest bank balance is a person's health and money can't buy it.He was made the brand ambassador...: "The greatest bank balance in your life is your health. No money can buy it. You can't buy

Two pensioners die after collapsing in bank queues - 02 Dec 2016
Kolkata, Dec 2 (IANS) Two elderly people died while standing in the bank queue... of a new month.A 72-year-old pensioner collapsed and died while in the bank queue... today in bank queue. My condolences to his family. 82 lives have been lost till now

Ujjivan gets RBI nod to start small finance bank - 14 Nov 2016
on Monday said it has received the final approval from the Reserve Bank of India (RBI) to start small finance bank operations."Ujjivan Small Finance Bank has... Small Finance Bank," he said.The company is currently in the process of executing

Airtel Payments Bank starts pilot services in Rajasthan - 23 Nov 2016
of a full-scale pan-India launch, Airtel Payments Bank has rolled out a pilot... on Wednesday.Airtel Payments Bank is a subsidiary of Bharti Airtel. "Customers in towns and villages across Rajasthan will now be able to open bank accounts at Airtel retail

Airtel Payments Bank starts pilot services in Rajasthan - 23 Nov 2016
of a full-scale pan-India launch, Airtel Payments Bank has rolled out a pilot... on Wednesday.Airtel Payments Bank is a subsidiary of Bharti Airtel. The bank will offer interest... said customers in towns and villages across Rajasthan will now be able to open bank

Probe bank transactions of all parties: Kejriwal - 29 Nov 2016
Prime Minister Narendra Modi to set up an independent panel to probe the bank...."Why just BJP (Bharatiya Janata Party)? Probe the bank account details of all... their bank transaction details from November 8 to December 31 to BJP President Amit

ESAF Microfinance gets small finance bank licence in Kerala - 18 Nov 2016
received the final approval from the Reserve Bank of India to launch Small Finance Bank (SFB) and will start operations by January next year.A.K. Paul Thomas... to 3,500. The bank will have presence in urban, semi-urban and rural areas.The bank

People visit Big Bazaar for cash withdrawal - 24 Nov 2016
standing in queues outside bank offices and at ATM kiosks for hours.Thursday... stores in over 115 cities and towns across the country.The State Bank of India (SBI) helped Big Bazaar activate this facility through the bank's cash at point

Corporation Bank posts higher net profit at Rs 206 cr - 14 Nov 2016
Chennai, Nov 14 (IANS) Government-owned Corporation Bank on Monday said... filing in BSE, the bank said it has posted a net profit of Rs 206.28 crore... ended September 30, 2015.The bank's total income increased from Rs 5,434.65 crore

Indelible ink use is eyewash: Bank staff union - 17 Nov 2016
Kolkata, Nov 17 (IANS) The Bank Employees Federation of India (BEFI... it."The use of indelible ink has been an eyewash. Most bank officials were unable...... Bank officials have no alternative but to use delible ink," said BEFI General

$15 mn of Bangladesh Bank stolen reserve money due in a week - 07 Nov 2016
Dhaka, Nov 7 (IANS) Bangladesh Bank (BB) will get back $15.25 million of heist... million from Bangladesh's account at the New York Federal bank, authorities said.General Manager of Bangladesh Financial Intelligence Unit of Bangladesh Bank

City Union Bank gets Rs 600 cr 'demonetisation deposits' - 12 Nov 2016
Chennai, Nov 12 (IANS) Private sector City Union Bank has mopped up around Rs... days, said a top bank official on Saturday.He also said the operations... IANS.The old generation private bank has 525 branches across the country.Speaking

2 bank employees booked for exchanging Rs 6 lakh without ID - 14 Nov 2016
Hyderabad, Nov 14 (IANS) Police in Hyderabad booked two employees of a bank... employees of Kamala Nagar branch of Syndicate Bank in Saroornagar were booked... of trust.Following suspension by the bank manager, Mallesh brought back Rs 5.6 lakh. He told

Senior citizen dies while queued up at Hyderabad bank - 15 Nov 2016
withdrawn currency notes at a bank here on Tuesday.Lakshminarayana, 75, collapsed and died while waiting in a long queue for over two hours at Andhra Bank... 500 in his account.According to eye witnesses, there was huge rush at the bank

Thieves break into bank in Haryana, decamp with demonetised Rs 1.22 cr - 24 Nov 2016
Chandigarh, Nov 24 (IANS) Thieves broke into a bank branch in Haryana's Sonipat... Bank of Commerce (OBC)."The thieves broke into the bank by breaking through... on Thursday morning when the bank opened for the day.--IANSjs/sm/dg

United Bank of India to raise Rs 300 cr, Q2 profit slumps - 07 Nov 2016
Chennai, Nov 7 (IANS) The government-owned-United Bank of India on Monday said... to Life Insurance Corporation (LIC).In a regulatory filing in BSE the bank said its... fund(s) thereof up to Rs 300 crore.Meanwhile, the bank closed the second quarter

Demonetisation will see boom in non-bank players: Assocham - 20 Nov 2016
value notes would be a mushrooming growth of non-bank entities like Paytm and Free... notes would be a mushrooming growth in the number of non-bank players like Paytm... to the customers, non-bank PPI issuers are allowed by the Reserve Bank of India

Hire retired bank staff to deal with demonetisation: Assocham - 14 Nov 2016
departments and hire retired bank staff on a massive scale to expedite...).The best option appears to be employing the retired bank staff on a mass scale... the State Bank of India and a few others have roped in retired staff, the exercise

Proclaim victims of bank queues as martyrs: Shiv Sena - 19 Nov 2016
persons who died in serpentine bank queues post-demonetisation as "martyrs... bank queues as the 'real patriots' after the 'surgical strike' on black money... have been standing in long queues outside bank branches and ATM kiosks "like

Airtel Payments Bank opens over 10,000 accounts in 2 days - 27 Nov 2016
New Delhi/Jaipur, Nov 27 (IANS) Airtel Payments Bank said on Sunday that over... to accelerate the onboarding," Airtel Payments Bank Chief Executive Shashi Arora said in a statement.Earlier this week, Airtel Bank became the first payments bank

Gunmen loot Rs 12 lakh from Kashmir bank - 21 Nov 2016
Srinagar, Nov 21 (IANS) Gunmen on Monday looted Rs 12 lakh from a Jammu and Kashmir Bank branch in the central district of Badgam.Police said four gunmen entered the Malpora branch and made away with the money. "A manhunt has been launched

Don't support bankers helping currency hoarders: Bank union - 16 Nov 2016
Chennai, Nov 16 (IANS) A major bank union on Wednesday said it does not support... cannot say all are angels," All India Bank Employees' Association General Secretary... their accounts with the assistance of bank employees.The Reserve Bank of India in its

Punjab National Bank profit down to Rs 549 cr - 05 Nov 2016
Chennai, Nov 5 (IANS) Government-owned Punjab National Bank on Saturday said... 30.In a regulatory filing in BSE, the Punjab National Bank said it has posted... bank's total income for the period under review stoo at Rs 14,218.27 crore, up from

Kashmir unrest prevents J&K Bank from finalising accounts - 12 Nov 2016
Chennai, Nov 12 (IANS) Jammu & Kashmir Bank Ltd has said it has... filing in BSE on Friday, the bank said it has informed the stock exchange that it has approached Reserve Bank of India (RBI) for a special dispensation addressing

Difficult to misuse Rs 2,000 bank note: Parrikar - 27 Nov 2016
Panaji, Nov 27 (IANS) Those in the business of black money and other underground activities were facing problems spending the country's highest denomination currency -- the Rs 2,000 bank note, Defence Minister Manohar Parrikar said

Ghaziabad residents run from pillar to post to get cash - 11 Nov 2016
, reached an ICICI Bank ATM to get cash at 12.10 a.m. on Thursday-Friday night. But she... outside bank branches.In the hope of getting cash from ATMs from November 11... and my mother's nurse to stand in the queue before the HDFC Bank to exchange

27 bank officials suspended for violative activities post-demonetisation - 02 Dec 2016
New Delhi, Dec 2 (IANS) As many as 27 public sector bank officials were... of Resrve Bank of India's instructions," the Finance Ministry said in a statement... in by bank officials in managing transactions, after the demonetisation of Rs

Bank employees hold conference amid cash chaos in Kerala - 12 Nov 2016
following demonetisation, a three-day state conference of bank employees began.... Surendran lashed out at the organisers of the Bank Employees Federation of India... to withdraw money from an ATM.K.S. Krishna, general secretary of the State Bank

Elderly man dies in Kolkata after spending night in bank queue - 19 Nov 2016
Kolkata, Nov 19 (IANS) An elderly man, who had queued up before a bank from...."On Thursday, he had gone to the bank to withdraw money. But after waiting for long... was desperate for money to feed his children. So he queued up before the bank from 2

Cash crunch, bank queues claim three lives Jharkhand - 16 Nov 2016
Ranchi, Nov 16 (IANS) Cash crunch and interminably long queues at bank offices and ATM kiosks, the consequences of demonetisation, have claimed three lives... four hours to exchange his old currency notes at a State Bank of India branch

RBI should publicly state bank wise supply of currency notes:Unions - 02 Dec 2016
Union Finance Minister Arun Jaitley to advise the Reserve Bank of India (RBI... a joint letter to Jaitley, the All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) pointed out RBI's repeated public

Indelible ink use 'eyewash', says bank staff union - 17 Nov 2016
Kolkata, Nov 17 (IANS) The Bank Employees Federation of India (BEFI... it."The use of indelible ink has been an eyewash. Most bank officials were unable...... Bank officials have no alternative but to use delible ink," said BEFI General

Cash-strapped on pay day, people gherao bank official in Kolkata - 01 Dec 2016
Kolkata, Dec 1 (IANS) Irate customers on Thursday gheraoed a bank manager... to chaos at various places.Operations at the Punjab National Bank branch in Khidirpur... of customers with the available cash, the bank put a further cap on the withdrawal limit

Kolkata banks see long queues as people rush in for new notes - 10 Nov 2016
demonetisation of Rs 500 and Rs 1,000 currency notes, many bank branches, which... across the the city and suburbs thronged the bank premises to exchange... since morning," a customer at a jam-packed State Bank of India branch in north

Legal tender deposits will lead to higher bank withdrawals: RBI - 29 Nov 2016
Mumbai, Nov 29 (IANS) In a bid to woo bank deposits, the RBI has said people... that amount on top of the stipulated Rs 24,000 weekly limit.The Reserve Bank of India... in their bank accounts."It has been reported that certain depositors

Long queues, no holidays, demonetisation hits bank staffers hard too - 12 Nov 2016
working hours, and a working weekend, has left bank staffers a harried lot... their problem, but we are doing our best," Preeti, a bank employee in the national capital.... They must cooperate with bank officials who are also humans and have sacrificed

28% citizens yet to deposit old currency in bank: Survey - 29 Nov 2016
New Delhi, Nov 29 (IANS) Around 28 per cent of respondents are yet to deposit their old Rs 500 and Rs 1,000 currency notes in the bank and plan to do it before... their old currency in the bank. Approximately 8 per cent people said they don't

Modi tells BJP MPs, MLAs to submit bank transaction details - 29 Nov 2016
New Delhi, Nov 29 (IANS) Prime Minister Narendra Modi has told all BJP MPs and MLAs to provide details of their bank transactions between November 8 and December 31, informed sources said on Tuesday.The Prime Minister's instruction came

Pizza Hut offers free pizzas worth Rs 5 lakh to bankers, customers - 11 Nov 2016
at banks like ICICI, HDFC, Corporation Bank, Axis Bank and Bank of Baroda over... currency notes in five cities.Pizza Hut delivered pan pizzas at select bank

Compensate families who lost their kin in bank queues, says Maken - 22 Nov 2016
at a bank, and demanded compensation from the central government for his family... while standing in long bank queues," Maken said after meeting the family of Satish Sharma, who died on Monday afternoon in a queue outside a bank here.Sharma

Demonetisation: Modi thanks bank employees - 13 Nov 2016
of the demonetisation scheme was on track."I publicly thank all the bank employees. The amount of work which bank employees normally have to put in over a year, they have... for a new greenfield airport.Modi also reached out to retired bank officials

Congress, AAP playing vote bank politics over Grewal's death: BJP - 04 Nov 2016
New Delhi, Nov 4 (IANS) The Delhi BJP on Friday slammed the Congress and the AAP for playing "vote bank politics" over the death of an ex-serviceman who... bank politics."Meanwhile, Leader of Opposition in Delhi Assembly Vijender Gupta

End demonetisation, jail those with Swiss bank accounts: Kejriwal - 13 Nov 2016
New Delhi, Nov 13 (IANS) Delhi Chief Minister Arvind Kejriwal on Sunday urged Prime Minister Narendra Modi to immediately roll back the spiking of high value currency and jail those with illegal Swiss bank accounts.The Aam Aadmi Party (AAP

NPAs, less debt appetite road blocks for bank lending: Assocham - 01 Dec 2016
New Delhi, Dec 1 (IANS) Despite deluge of deposits in banks following demonetisation, a high-level of non-performing assets and less appetite for loans from the industry would come in the way of increased bank lending instead of bond

Bank unions want police protection for branches - 30 Nov 2016
with Reserve Bank of India (RBI) the issue of supply of currency notes without... Bank Employees Association (AIBEA) and All India Bank Officers' Association... would throng the bank branches to draw from their salary credit and non

28% citizens yet to deposit old currency in a bank: Survey (Lead, correcting intro) - 29 Nov 2016
New Delhi, Nov 29 (IANS) Around 28 per cent of respondents are yet to deposit their old Rs 500 and Rs 1,000 currency notes in the bank and plan to do it before... deposited their old currency in the bank. Approximately 8 per cent people said

No respite for people, as bank, ATM pains continue in Bengal - 02 Dec 2016
to the bank with a Rs 10,000 cheque. Now they are telling me the cash is over... to the Reserve Bank of India's order, a person can withdraw cash against withdrawal slip... ATMs and over the counter from the bank accounts.--IANSdm/ssp/vd

Modi seeks bank details from BJP MPs/MLAs, opposition calls it farce - 29 Nov 2016
to provide details of their bank transactions between November 8 -- when... legislators to provide details of all bank transactions for six months prior to November... on Tuesday. Informed sources said he asked BJP lawmakers to submit their bank

Modi seeks bank details from BJP MPs/MLAs, opposition calls it farce - 29 Nov 2016
of their bank transactions between November 8 -- when demonetisation came into effect... of all bank transactions for six months prior to November 8.Modi's instruction... said he asked Bharatiya Janata Party (BJP) lawmakers to submit their bank

Mumbai man dies in queue outside bank - 11 Nov 2016
, was waiting in the queue to exchange some currency notes outside the State Bank

Unsung heroes: Bank staff work overtime to manage cash flow, tempers - 18 Nov 2016
to spike the Rs 500 and Rs 1,000 notes.In bank branches across the country, officers... and withdrawals," the Cluster Head of a leading private bank in Chandigarh told... most populous state, Uttar Pradesh, bank staff are a harried lot. Kavya

Gurugram banks mobbed as ATMs go cash-dry - 12 Nov 2016
Bank Of India, ICICI, Canara and some other banks here on Gurudwara road were... in queues outside the ICICI bank in this area created noisy scenes as the server... in the millennium city were out of cash.While the ATMs of Axis, ICICI, HDFC

People suffer due to cash crunch in Telangana, Andhra - 29 Nov 2016
for children.There was no cash board at some bank branches in Hyderabad. At others there were long queues, testing people's patience.At the ICICI Bank branch at Kukatpally... of Reserve Bank of India (RBI) in Hyderabad, people stood in queue since early

Shift from 'class' to 'mass' banking may hit bank bottomlines - 30 Nov 2016
Infosystems. Laser Soft's CBS is used by Andhra Bank and Corporation Bank. Once more... of a private bank told IANS.A senior official of State Bank of India (SBI), who did not want to be named, said the bank's CBS was capable of handling many more times

Long queues at banks in Hyderabad for exchanging notes - 10 Nov 2016
in queue at State Bank of India's branch at Yousufguda.At ICICI Bank's branch... queues were seen at bank branches across Hyderabad. People started arriving even..., the transactions started only at 9 a.m. While some banks like ICICI opened

MP Congress men serve glucose, tea to people in bank queues - 13 Nov 2016
in the vicinity of several bank branches and ATM outlets in many towns and cities

Will try for joint protest on cooperative bank issue: CPI-M - 20 Nov 2016
excluded from the Reserve Bank of India's ongoing drive aimed at accepting... Cooperative Bank (KSCB) -- with the total deposits in these cooperative banks

Climate change pushing 26 mn lives into poverty annually: World Bank - 14 Nov 2016
Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR... decades of progress against poverty," World Bank Group President Jim Yong Kim

Phishing websites stealing information from 26 Indian banks: Report - 01 Dec 2016
phishing site served fake logins from 26 banks, including HDFC Bank, ICICI Bank, IDBI Bank, State Bank of India, among others.This is how it works. When navigating... enter their bank account number and the amount to be transferred. The victim

Banks, ATMs mobbed for third day - 12 Nov 2016
the country to function both on Saturday and Sunday.Bank of India, HDFC Bank, Yes Bank, Bank of Baroda, Axis Bank, ICICI, Standard Chartered, Kotak Mahindra... Shankar, a Saket resident. "At this rate how will any of us even get into the bank

SBI records steep fall in Q2 profits - 11 Nov 2016
Chennai, Nov 11 (IANS) India's largest bank State Bank of India (SBI) on Friday..., the bank said it has posted a net profit of Rs 2,538.32 crore for the quarter ended..., 2015.The bank's total income for the period under review increased to Rs 50,742.99

'Recovery of bank loans important for boosting private sector investment' - 05 Nov 2016
New Delhi, Nov 5 (IANS) Union Finance Minister Arun Jaitley on Saturday said banks have to recover their loans to boost private investment and domestic private investment should pick up.

RBI monitoring currency requirment and printing accordingly: FinMin - 02 Dec 2016
New Delhi, Dec 2 (IANS) The Reserve Bank of India is monitoring the requirement of the new bank notes and accordingly placing the order for printing, Parliament was informed on Friday."The Reserve Bank of India monitors the requirement

SBI mops up Rs 39,727 cr `demonetisation deposits' in two days, net profit falls (Roundup) - 11 Nov 2016
, India's largest bank State Bank of India (SBI) has mopped up Rs 39,727 crore as deposits across the country during the last two days, a senior bank official... was exchanged.Earlier the bank had said a sum of Rs 53,000 crore was deposited during

SBI extends business hours to help customers - 09 Nov 2016
New Delhi, Nov 9 (IANS) All State Bank of India (SBI) branches will remain open on Thursday with extended business hours upto 6 p.m., the bank said... to an aggregate limit of Rs 20,000 per week," the state-run bank said in a statement

No transaction fee on card payments, rail e-ticketing till Dec 31 - 23 Nov 2016
," the Finance Ministry said in a statement.Following suit, leading private sector bank ICICI announced waiving off of the transaction fee for debit card transactions at ICICI Bank merchants with effect from Wednesday till December 31."To facilitate

SBI's deposits zoom by Rs 53,000 cr in two days, Q2 net falls - 11 Nov 2016
Bank of India (SBI) during the last two days after the government's demonetisation move, bank Chairperson Arundhati Bhattacharya said on Friday.She said the bank received Rs 31,000 crore on Thursday and Rs 22,000 on Friday. According to her

RBI urges public not to hoard, says enough cash available - 13 Nov 2016
notes, Reserve Bank of India (RBI) on Sunday appealed to citizens not to hoard cash and avoid going to bank branches repeatedly."The Reserve Bank assures members... at the Reserve Bank and other banks," the RBI said in a statement posted on its website

RBI caps loan exposure limits to corporates, corporate groups - 01 Dec 2016
Chennai, Dec 1 (IANS) The Reserve Bank of India (RBI) on Thursday capped loan... cent of the bank's available eligible capital base.In a notification, the RBI... than 20 per cent of the bank's available eligible capital base at all times

People's demonetisation travails continue in Telangana, Andhra - 15 Nov 2016
hold an account in this bank," griped Mohammed Shareef at ICICI Bank's Toli Chowki branch in Hyderabad.When asked, bank executives said the 'system' can't... hours, only to be told by bank officials that I will not be able to exchange notes

Serpentine queues, chaos outside banks on salary day - 30 Nov 2016
New Delhi, Nov 30 (IANS) As salaries got credited to many bank accounts on Wednesday, more chaos was witnessed outside bank offices with a large number... who went from bank to bank both in New Delhi and adjoining Noida found people

Task force constituted to speed up cash distribution - 14 Nov 2016
will also have members from SBI (State Bank of India), Axis Bank, ICICI Bank and HDFC Bank -- the four banks with the largest ATM networks in the country... of the Reserve Bank of India (RBI), will keep a real-time watch and monitor

UP cooperative banks took old currency in breach of RBI fiat - 29 Nov 2016
Ghaziabad, Nov 29 (IANS) The Ghaziabad District Cooperative Bank (DCB) accepted... to do so, a former bank official said on Tuesday.According to Krishna Vir Sirohi, a former Chairman of DCB Ghaziabad, this was in violation of Reserve Bank

Huge rush in Chandigarh banks to exchange currency - 10 Nov 2016
to deposit their old Rs 500 and 1,000 notes," a senior official of the State Bank of India told IANS here.He asked the public not to create panic as the bank has... Giri.ICICI Bank has also announced the extension of its branch timings across

Banks, ATMs mobbed for third day, cash chaos continues - 12 Nov 2016
on Saturday and Sunday.Bank of India, HDFC Bank, Yes Bank, Bank of Baroda, Axis Bank, ICICI, Standard Chartered, Kotak Mahindra... the crowds were the same... to enter the bank."Police had to be called in after a quarrel broke out among

ATMs new 'sweet spot' for cyber criminals in India: Report - 28 Nov 2016
Bank of India (SBI), HDFC Bank, ICICI Bank, Axis Bank and YES Bank were among

No cash, no queues but cashless pain continues - 02 Dec 2016
queue waited outside East of Kailash branch of ICICI Bank even though it had... in the queue to withdraw more cash daily so that I clear my dues," she said.A State Bank of India official in a south Delhi branch said the bank didn't have enough cash

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