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Oriental Bank to raise Rs. 15bn, stock closes up 1.6%

India Infoline News Service  | Mumbai September 17, 2014 18:09 IST

The Bank is also planning to raise Rs. 5 billion via qualified institutional placement.

Yes Bank closes up 1.7%, gains on ICRA upgrade

India Infoline News Service  | Mumbai September 17, 2014 16:39 IST

The stock hit a high of Rs. 593 and a low of Rs. 572 on BSE.

Re-emphasizing the role of compliance function in banks

India Infoline News Service  | Mumbai September 17, 2014 16:30 IST

The compliance function in banks will need to play a greater and more proactive role in business operations as well as risk management.

Banks to issue cards only if more POS machines are installed: RBI

India Infoline News Service  | Mumbai September 17, 2014 16:30 IST

"There are a huge number of cards available, however card acceptance infrastructure has to be created," Khan adds

Bank of Maharashtra celebrated its 80th Foundation Day

India Infoline News Service  | Mumbai September 17, 2014 14:08 IST

Bank of Maharashtra shows quantitative and qualitative business growth which has given good recognition in the banking industry.

YES BANK receives Ratings Upgrade from ICRA on Debt Programmes

India Infoline News Service  | Mumbai September 17, 2014 12:21 IST

YES BANK robust operating performance with its ability to maintain strong asset quality indicators through cycles, improving CASA base with increasing granularity in the liability franchise.

Exim Bank extends USD 100 mn LOC to Vietnam for financing purchase of equipment/supplies in Vietnam

India Infoline News Service  | Mumbai September 17, 2014 12:09 IST

Exim Bank will reimburse 100% of contract value to the Indian exporters, upfront upon shipment of goods under LOC.

Yes Bank gets ratings upgrade from ICRA on debt products; stock up ~2%

India Infoline News Service  | Mumbai September 17, 2014 11:27 IST

The stock hit a high of Rs. 593 and a low of Rs. 572 on BSE.

Final norms for on tap bank licences this fiscal: RBI

India Infoline News Service  | Mumbai September 16, 2014 17:20 IST

The RBI has received public comments on small and payment banks and is reviewing the same

SBI revises term deposit rates; stock closes down 2.31%

India Infoline News Service  | Mumbai September 16, 2014 17:10 IST

For deposits above one year and less than three years, the interest rate is 8.75% as against 9% earlier.

Axis Bank joins ETC Implementation Plan of Road Transport & Highways Ministry

India Infoline News Service  | Mumbai September 16, 2014 16:11 IST

IHMCL sign CCH Service Provider Agreement with ICICI bank and also Axis Bank to perform clearing and settlement of electronic toll transaction.

India signs loan agreement with ADB worth $63.3mn

India Infoline News Service  | Mumbai September 16, 2014 15:59 IST

The agreement is for the 4th Project under the overall facility of $270 million for the North Karnataka Urban Sector Investment Program.

Campaspe Shire Council selects MetricStream for Risk Management

India Infoline News Service  | Mumbai September 16, 2014 15:55 IST

MetricStream significant customer adoption in Australia as well the increasing adoption of MetricStream solutions by government administrations

Yes Bank falls ~3% after MSCI excludes from indexes

India Infoline News Service  | Mumbai September 16, 2014 11:41 IST

The changes in the MSCI Global Standard Indexes will start reflecting from 18 September.

SBI revises term deposit rates; stock flat

India Infoline News Service  | Mumbai September 16, 2014 10:22 IST

For deposits above one year and less than three years, the interest rate is 8.75% as against 9% earlier.

SBI revises interest Rates of Retail Term Deposits

India Infoline News Service  | Mumbai September 16, 2014 08:49 IST

State Bank of India has announced that it has revised interest Rates of Retail Term Deposit Rates.

Honda inks nationwide bank retail finance MoU with Punjab National Bank

India Infoline News Service  | Mumbai September 16, 2014 08:36 IST

Honda's customers can now save up to Rs. 10,000 on an average loan compared to open market schemes.

CCI approves Kotak Mahindra Bank's 15% stake buy in MCX

India Infoline News Service  | Mumbai September 16, 2014 08:26 IST

Report stated that proposed deal "is not likely to have an appreciable adverse effect on competition in India", says CCI.

Yes Bank's advance tax payments rise 20% in Sept 2014

India Infoline News Service  | Mumbai September 15, 2014 17:07 IST

Advance tax refers to paying a part of your taxes before the end of the financial year

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