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ICICI Bank organise Coin Exchange Mela at Panaji branch in Goa

India Infoline News Service | Mumbai | December 22, 2014 17:44 IST

Coin Exchange Melas to offer free facility of exchanging acceptable soiled and mutilated currency notes with coins to the general public.

Rupee ends at 63.25/$

India Infoline News Service | Mumbai | December 22, 2014 17:39 IST

The rupee gained 7 paise to 63.23 against the US dollar in the morning.

IDBI Bank conferred Star Performance Award 2014

India Infoline News Service | Mumbai | December 22, 2014 16:39 IST

The award was presented by G.V. Nageswara Rao, MD & CEO of NSDL.

Ford Credit India gets license by RBI to operate as a NBFC in India

India Infoline News Service | Mumbai | December 22, 2014 16:33 IST

Ford plans to serve both the domestic and export markets through its enhanced capacity. The company also is expanding its sales and service network in India. Ford has 304 sales and service outlets in 164 cities and continues to grow.

Axis Bank's 'eDGE Loyalty Rewards program' rewards customers

India Infoline News Service | Mumbai | December 22, 2014 16:25 IST

With this initiative, Axis will be the first bank in India to reward loyalty points to Current Account transactions and travel card holders.

RBI simplifies 'non-co-operative' borrower classification

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

A non-cooperative borrower is one who does not engage constructively with his lender by defaulting in timely repayment of dues while having ability to pay, thwarting lenders efforts for recovery of their dues by not providing necessary information sought, denying access to assets financed / collateral securities, obstructing sale of securities, etc.

Ford Credit India Receives License to Operate

India Infoline News Service | Mumbai | December 22, 2014 15:44 IST

First Dealer Wholesale Financing Planned in First Quarter of 2015

Rupee opens higher at 63.23/$

India Infoline News Service | Mumbai | December 22, 2014 11:07 IST

Earlier on Friday, Rupee was ended at 63.30/$.

YES Bank bags Transformation in Banking award

India Infoline News Service | Mumbai | December 20, 2014 13:55 IST

YES BANK was congratulated for exemplary contributions in business development catering bespoke financial services to the economy.

ICICI Bank Ltd's ratings unaffected by proposed sale of subsidiary

India Infoline News Service | Mumbai | December 20, 2014 13:00 IST

The subsidiary, ICICI Bank Eurasia LLC, constituted only around 0.1 per cent of the parent companys consolidated assets of Rs.7.4 trillion as on March 31, 2014.

IDFC to slash stake in infra debt fund to 49%: Report

India Infoline News Service | Mumbai | December 20, 2014 10:12 IST

IDFC stock ended flat at Rs. 156 on Friday.

FIPB approves HDFC Bank's proposal to raise Rs 10,000 crore

India Infoline News Service | Mumbai | December 20, 2014 09:40 IST

Earlier Shareholders allowed the lender to raise Rs 10,000 crore through routes that may include public or private placement as well as domestic or international markets.

SBI launches Tech Learning Centres for customers

India Infoline News Service | Mumbai | December 20, 2014 09:35 IST

Arundhati Bhattacharya, Chairman SBI said, Although there is significant growth in transactions through alternate channels of banking, it was felt that many customers still visit branches for their routine transactions because they feel electronic channels are complex or risky.

Mr. Shyam Srinivasan becomes the Chairman of the IBA Committee on Member Private Sector Banks 2014-15

India Infoline News Service | Mumbai | December 19, 2014 18:01 IST

Indian Banks Association (IBA) has reconstituted the IBA Committee on Member Private Sector Banks for the year 2014-15 and Mr. Shyam Srinivasan, MD & CEO of Federal Bank is appointed as the Chairman of the Committee.

Banking Newsletter - December 15 to 19, 2014

India Infoline News Service | Mumbai | December 19, 2014 14:16 IST

The Reserve Bank of India has been conducting Inflation Expectations Survey of Households since September 2005. The survey for the October-December 2014 quarterly round is now being launched.

SBI approves OTS scheme for mining industry in Goa

India Infoline News Service | Mumbai | December 19, 2014 10:58 IST

This move is expected to pave way for other financial institutions to settle the long-pending bad debt.

JSPL raises Rs 10 bn from Kotak Mahindra Bank

India Infoline News Service | Mumbai | December 19, 2014 08:43 IST

At 9.24 AM, the stock was up 0.29% at Rs. 139.10. The stock has hit a high of Rs. 141.20 and a low of Rs. 139.

Rupee ends at 63.11/$

India Infoline News Service | Mumbai | December 18, 2014 17:12 IST

The rupee strengthened after falling for three consecutive sessions.

ICICI Bank stock up 4%

India Infoline News Service | Mumbai | December 18, 2014 15:00 IST

The stock has hit a high of Rs345 and a low of Rs339.

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