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Agriculture And Allied Industries

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Outlook for Indian banking system stable: Moody's

Mumbai: Moody's, global rating agency, has given a stable outlook for the Indian banking system, backed by a stable operating environment and better prospects  for asset q...

September 01, 2017

SBI planning IPOs of two regional rural banks in the next one year

Mumbai: India's largest lender, State Bank of India (SBI) is planning initial public offers (IPOs) of two regional rural banks (RRBs), namely Andhra Pradesh Grameena Vikas Bank...

August 18, 2017

Rajya Sabha passes Banking Regulation Bill

New Delhi: The Rajya Sabha passed the Banking Regulation (Amendment) Bill, 2017, that was passed by the Lok Sabha last week, which will allow the Reserve Bank of India (RBI) to dea...

August 11, 2017

FreeCharge sold to Axis Bank for ~400 cr

New Delhi: Indian private lender Axis Bank is expected to acquire the mobile wallet app Freecharge in a deal worth Rs 350-400 crore (US$ 54.3-62.1 million).

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July 27, 2017

FM introduces bill to replace Banking Regulation Ordinance

New Delhi: Mr Arun Jaitley, Minister of Finance, Government of India, introduced 'The Banking Regulation (Amendment) Bill,2017', which will replace the Banking Regulation (...

July 25, 2017

HDFC Bank Q1 profit rises 20% to Rs 3,893 cr

Mumbai: Indian private sector lender, HDFC Bank's net profit increased 20.22 per cent year-on-year to Rs 3,893 crore (US$ 604.04 million) in Q1 FY 2017-18.

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July 24, 2017

IFC invests Rs 130 crore in Aavas Financiers

New Delhi: International Finance Corp, (IFC), a member of the World Bank Group, has invested Rs 130 crore (US$ 20 million) in, Avas Financiers Ltd, which will provide housing loans...

July 21, 2017

Kotak Mahindra Bank Q1 profit rises 23% to Rs 912.73 crore

Mumbai: Kotak Mahindra Bank Ltd's consolidated quarterly net profit rose 26.2 per cent year-on-year to Rs 1,346.82 crore (US$ 209.04 million) between April-June 2017, backed by...

July 21, 2017
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