HDFC crosses Rs 3 trillion market cap for first time

Mumbai: The market capitalisation of Housing Development Finance Corporation Ltd (HDFC) crossed the Rs 3 trillion (US$ 47.31 billion) mark for the first time as its shares grew ove...

Rs 80K cr PSB recap bonds to be accompanied by more reforms:FM

New Delhi: The Lok Sabha has approved recapitalisation bonds worth Rs 80,000 crore (US$ 12.62 billion) for public sector banks, which will be accompanied by a series of reforms, ac...

Three public sector banks get nod to raise Rs 2,348 crore from govt

Mumbai: Bank of Maharashtra, Central Bank of India and UCO Bank have received board approvals for raising a total of Rs 2,348 crore (US$ 370.40 million) by selling shares to the Go...

Credit grows at over 10% in December

Mumbai: Credit growth in India was 10.83 per cent year-on-year for the fortnight ended on December 22, 2017, as per data released by the Reserve Bank of India (RBI).

Parliament passes Insolvency & Bankruptcy Code Amendment Bill

New Delhi: The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 Bill has been passed by Rajya Sabha and is expected to strengthen the banking sector.

Bandhan Bank files DRHP, eyes IPO launch in March or April

Mumbai: Bandhan Bank filed its draft initial public offering (IPO) prospectus, eyeing an IPO launch in March-April 2018.

Industry credit grows for first time this year in Nov

Mumbai: Industry credit grew 1 per cent in November 2017, first time this year on the back of rising demand stemming from busy economic activity in the second half of 2017.

Udyami Mitra Portal

New Delhi: A new portal named 'Udyami Mitra' has been launched by the Small Industries Development Bank of India (SIDBI) with the aim of improving credit availability to Mi...