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South Indian Bank plunges 3.7% on turning ex-dividend

India Infoline News Service | Mumbai | July 07, 2015 16:27 IST

The bank's board had approved a dividend of 60 paise per share to its shareholders. The stock hit a high of Rs. 25.30 and low of Rs. 24.50 on BSE today.

Block deal on Axis Bank; stock flat

India Infoline News Service | Mumbai | July 07, 2015 14:46 IST

Around 3 lakh shares were traded in a multiple block at Rs. 587.50 on the NSE.

ICICI Bank upgrades its mobile banking app, offers more than 100 services

India Infoline News Service | Mumbai | July 07, 2015 12:27 IST

The all new app provides the maximum number of services among all banks in India.

South Indian Bank slips on turning ex-dividend

India Infoline News Service | Mumbai | July 07, 2015 11:47 IST

The bank's board had approved a dividend of 60 paise per share to its shareholders.

SKS Microfinance up on issuing Rs. 100 cr CPs

India Infoline News Service | Mumbai | July 07, 2015 10:37 IST

The company has issued Commercial Papers (CPs) of an aggregate amount of Rs. 100 cr, which has been rated 'A1+' by a leading rating agency.

L&T Finance surges on stake sale plans

India Infoline News Service | Mumbai | July 07, 2015 09:53 IST

The counter has seen more than 3.15-times jump in volume with trades of around 2.1 million shares, as against two-week daily average volume of 666,000 shares.

Yes Bank partners with Citrix

India Infoline News Service | Mumbai | July 06, 2015 17:35 IST

With this adoption, Yes bank sets a new standard of service delivery management, allowing secure and controlled delivery of all enterprise and cloud services to maximize the end user experience including mobile clients.

Dena Bank hikes interest rates on FCNR (B) / RFC term deposit effective from July 1

India Infoline News Service | Mumbai | July 06, 2015 16:57 IST

For FCNR (B) deposits of 3 years to less than 4 years, in US Dollar terms, the revised interest rates are 3.31% as compared to 3.25% previous rates effective from July 1, 2015.

HDFC Bank implements Business Continuity Program

India Infoline News Service | Mumbai | July 06, 2015 16:17 IST

The bank has been maintaining the BCM Certificate of BS25999 for the past three years and was awarded the ISO 22301:2012 certificate in March 2014.

DCB bank, BITS Pilani stage startup competition Conquest 2015

India Infoline News Service | Mumbai | July 06, 2015 16:13 IST

DCB Bank has partnered with BITS Pilani to organise the first leg of an international startup conclave, Conquest 2015, in Mumbai, featuring close to 40 entrepreneurs along with mentors, angel investors and venture capitalists.

Kotak Bank ends marginally high on FIPB nod for higher FII cap

India Infoline News Service | Mumbai | July 06, 2015 15:52 IST

The Foreign Investment Promotion Board (FIPB) has approved the bank's proposal to raise its foreign institutional investment (FII) limit in the bank to 55 percent from 49 percent.

FPO good way to raise capital for PSBs: RBI Dy Governor

India Infoline News Service | Mumbai | July 06, 2015 15:19 IST

"Need higher capitalisation in PSU banks for balance sheet growth, dealing with NPAs. Need capital infusion for three things -- to meet Basel III, better provisioning and improving banks business," he said

Moody's affirms SoftBank's Ba1 ratings

India Infoline News Service | Mumbai | July 06, 2015 14:43 IST

Moody's has withdrawn the Ba1 issuer rating of SoftBank and replaced it with a Ba1 corporate family rating. The change from issuer rating to corporate family rating does not reflect a change in SoftBank's overall credit quality.

RBI clarifies in investment in firms engaged in tobacco-related activities

India Infoline News Service | Mumbai | July 06, 2015 10:20 IST

RBI has clarified that the prohibition applies only to manufacturing of the products mentioned therein and foreign direct investment in other activities relating to these products

Kotak Bank jumps on FIPB nod for higher FII cap

India Infoline News Service | Mumbai | July 06, 2015 09:25 IST

The Foreign Investment Promotion Board (FIPB) has approved the bank's proposal to raise its foreign institutional investment (FII) limit in the bank to 55 percent from 49 percent.

Asset quality, weak capital hurt performance of state bank sector; Fitch positive on FY16

India Infoline News Service | Mumbai | July 06, 2015 09:13 IST

Capital requirements for the system are substantial, and a particular problem for state banks which require the dominant share. Government's recent announcement to provide state banks more core equity than budgeted will be positive for stability, but reliance on external capital should remain high with Basel III implementation.

KV Kamath reduces stake in ICICI Bank

India Infoline News Service | Mumbai | July 06, 2015 07:14 IST

Kamath sold stocks worth about Rs 272 crore during the previous financial year, says report. The shares were sold in four transactions in June and November last year, according to ICICI Bank's annual report for 2014-15.

MUDRA Bill likely to be in parliament in winter session: CEO, MUDRA Bank

India Infoline News Service | Mumbai | July 04, 2015 09:06 IST

We have already enrolled about 122 partners which includes around 73 banks, 25 microfinance institutions (MFIs), 23-24 non banking finance companies (NBFCs), highlighted Mr. Mammen.

Forex reserves stood at US$ 355.221 bn: RBI

India Infoline News Service | Mumbai | July 03, 2015 18:41 IST

Foreign currency assets decreased by USD 216.6 mn to USD 330.500 bn, RBI data showed.

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Recent Reports

Weak start to the July series; Sensex, Nifty to open lower

India Infoline Research Team / 08:44, Jun 26, 2015

IIFL is hosting 10 companies at a Management Roadshow in Mumbai today. The opening is a subdued start. US market saw minor losses with Dow, S&P 500 and Nasdaq closing marginally lower.

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