Bank of Baroda Q1 net profit rises 34 per cent to Rs. 710 crore

Bank of Baroda has reported a net profit for the merged entity of Rs 710 crore (US$ 103 million) at the end of the June quarter, compared to a loss of Rs 49 crore (US$ 7 million) in the same period...

SBI waives off charges for internet, mobile banking customers

State Bank of India (SBI) has waived Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) charges for its app YONO, internet and mobile banking customers.

Indian startups raise a record $3.9 billion so far in 2019

New businesses in India have raised a record US$ 3.9 billion from financial speculators in the six month period ending June 30, 2019.

Canara Bank to raise Rs 1,500 cr via bonds

New Delhi: Canara bank plans to raise Rs 1,500 (US$ 216.33 million) through Basel-III compliant additional tier I (AT-1) bonds to fund its business growth.

ICICI Bank eyeing 20 pc growth in retail loan in Kerala FY'20

Kochi: India's private banking major ICICI Bank is targeting 20 per cent growth of its retail loan disbursement in Kerala to Rs 3,100 crore (US$ 446.18 million) in FY20.

Banking startup Open raises $30 million led by Tiger Global

Mumbai: Banking services start-up Open Financial Technologies has raised US$ 30 million from Tiger Global Management, Tanglin Venture Partners and others for investing in technolog...

Forex retail trading platform ready for roll-out on August 5, says RBI

Mumbai: The currency trading platform for retail trading will be launched by the Clearing Corporation of India (CCIL) on August 05, 2019, according to the Reserve Bank of India (RB...

RBI panel on MSMEs suggests Rs 20 lakh collateral-free loan under Mudra

New Delhi: A Reserve Bank of India (RBI) expert committee on micro, small and medium enterprises (MSMEs) has recommended to double the cap on collateral-free loans to Rs 2 million ...