Banks loosen purse strings for corporate sector; lending picks up in FY19

Mumbai: Gross bank credit to India's industry grew 6.9 per cent year-on-year to Rs 28.9 billion (US$ 414.97 million) in FY19, as per data released by the Reserve Bank of India ...

Small private banks in spotlight after Lakshmi Vilas Bank-Indiabulls merger

Mumbai: The merger of Indiabulls Housing Finance and Lakshmi Vilas Bank, if approved by the Reserve Bank of India (RBI), is expected to shift more focus on other small private lend...

Corporate credit to grow in next few quarters on working capital needs

Mumbai: Commercial credit in India is expected to expand at double-digit growth rates in the next few quarters, backed by refinancing of old loans and higher working capital needs ...

Most analysts expect another rate cut in June

Mumbai: The Reserve Bank of India (RBI) is expected to cut the policy rates by 25 basis points in June 2019, according to analysts.

ADB to extend US$ 750-millon loan to push railways' electrification drive

New Delhi: The Asian Development Bank (ADB) will provide a US$ 750 million loan to the Indian Railways for its electrification drive, under which it plans to electrify 28,000 km of...

Infosys to acquire 75 pc stake in ABN AMRO Bank subsi for 127.5 mn euros

New Delhi: A 75 per cent stake in Stater, a wholly owned subsidiary of ABN AMRO Bank will be acquired by Infosys for Rs 989 crore (€ 127.5 million).

Govt to infuse Rs 5,042 cr into BoB

New Delhi: The Government of India will invest Rs 5,042 crore (US$ 730.88 million) in Bank of Baroda post its merger with two other public sector lenders Dena Bank and Vijaya Bank....

HDFC Bank joins Reliance Industries, TCS in US$ 100-billion m-cap club

New Delhi: HDFC Bank has become the third Indian company to cross US$ 100 billion in market capitalisation after Reliance Industries Limited and Tata Consultancy Services.