Govt to infuse Rs 48,239 cr in 12 PSBs; Corporation Bank gets Rs 9,086 cr

New Delhi: The Government of India will invest Rs 48,239 crore (US$ 6.78 billion) in 12 public sector banks (PSBs) in FY20, to help maintain regulatory capital requirements and fin...

Axis Bank Q3 net profit surges 131% to Rs 1,681 crore, beats estimates

Mumbai: Axis Bank's net profit doubled to Rs 1,681 crore (US$ 235.95 million) between October-December 2018, driven by robust growth in non-core income.

Public sector banks to turn more profitable: Piyush Goyal after review meet

New Delhi: India's public sector banks (PSBs) are expected to become more profitable and proactive in the near future, according to Mr Piyush Goyal, Minister of Finance, Railwa...

Swachh Credit to be accelerated for water and sanitation Joint initiative by MDWS and DFS

New Delhi: The Ministry of Drinking Water and Sanitation and Department of Financial Services, Government of India organised a workshop on January 24, 2019 to boost 'Swachh Cre...

Yes Bank names Ravneet Singh Gill as new managing director and chief executive officer

New Delhi: Yes Bank has received approval from the Reserve Bank of India (RBI) to name Mr Ravneet Singh Gill as its new Managing Director and Chief Executive Officer.

Kotak Mahindra Bank consolidated Q3 net up 13.5% to Rs 1,844 crore

Mumbai: Consolidated net profit of Kotak Mahindra Bank rose 13.5 per cent year-on-year to Rs 1,844 crore (US$ 258.35 million) between October-December 2018 on the back of higher in...

Bandhan Bank set to acquire Gruh Finance in share swap deal

Mumbai: Bandhan Bank Ltd is going to acquire mortgage lender Gruh Finance Ltd through a share swap deal, which will help the bank in reducing promoter holding and expand its housin...

Bank of Baroda to become larger than ICICI Bank from 1 April

New Delhi: Bank of Baroda to become India’s third largest commercial bank with total business worth Rs 15.4 trillion (US$ 218.87 billion) post completion of the amalgamation ...