Tag Archives: bank

SBI MD Anshula Kant appointed World Bank CFO and MD

Anshula Kant, managing director of the State Bank of India, has been appointed as managing director and chief financial officer of the World Bank, its president David Malpass announced on Friday. As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President. “I am very pleased ... Read More »

Market continues to be euphoric: Sensex rises over 100 points, Nifty above 11,900 on domestic, global cues; Yes Bank, Vedanta among early gainers

Mumbai: The benchmark BSE Sensex advanced over 100 points in early trade Tuesday amid positive domestic and global cues and unabated foreign fund inflow. The 30-share index was trading 98.04 points, or 0.25 percent, higher at 39,781.33. Similarly, the broader NSE Nifty rose 24.75 points, or 0.21 percent, to 11,949.50. In the previous session on Monday, the BSE gauge ended 248.57 ... Read More »

Ujjivan Small Finance Bank appoints Nitin Chugh as MD, CEO from Dec 1

Ujjivan Small Finance Bank, a subsidiary of the listed entity Ujjivan Financial Services, on May 17 announced the appointment of Nitin Chugh as its MD and CEO for a period of three years with effect from December 1, 2019. The Reserve Bank of India (RBI) has approved Chugh’s appointment, Ujjivan Financial Services said in a BSE filing. “This appointment comes ... Read More »

Indian Bank posts net loss of Rs 190 cr in Q4 FY19

TOPICS Quarterly Results quarterly or semiannual financial statement Indian Bank State-owned Indian Bank reported a net loss of Rs 189.77 crore in the fourth quarter of the financial year ended March 2019, as high level of bad loans required substantial amount to be kept as provisioning parking. The bank had registered a net profit of Rs 131.98 crore during the similar January-March ... Read More »

HCL Tech, SBI, HDFC Bank, UltraTech among 11 stocks that analysts say can deliver good gains in 2-3 weeks

NEW DELHI: Domestic equity benchmarks opened in the red on Tuesday, mirroring bearish sentiment in major Asian markets. A lacklustre Chinese manufacturing data spooked investor sentiment, adding to the cautiousness as participants awaited the US Fed’s policy decision for clues on the US economy and the US central bank’s future rate trajectory. A slight drop in crude oil prices and ... Read More »

SC Directs RBI To Disclose Information On Bank Inspection Report Under RTI

The Supreme Court Friday directed the Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to Information (RTI) Act unless they are exempted under law. A bench headed by Justice L Nageswara Rao also directed the federal bank to review its policy to disclose information relating to banks under RTI, ... Read More »

Stocks in the news: HDFC Bank, Jet Airways, RIL, GVK Power and Goa Carbon

NEW DELHI: Nifty futures on the Singapore Exchange were trading 7 points, or 0.06 per cent, lower at 11,801, indicating a flat-to-negative start for the Nifty50. Here are a few stocks which may buzz the most in today’s trade: Reliance Industries: Shares of oil and gas-to-telecom behemoth Reliance IndustriesNSE -2.33 % (RIL) may advance on Monday but gains could fizzle out as the ... Read More »

Bank deposits face competition from company NCDs

Banks are facing fresh challenges in mobilising deposits as their non-bank rivals are attracting savers with higher returns on bonds. Aggregate deposits of banks have shrunk by Rs 4410 crore in the fortnight ending March 15, and with about half-a-dozen NBFCs looking to mop up about Rs 3000 crore in non-convertible debentures (NCD), banks have their task cut out to ... Read More »

Bank branches dealing with government business to remain open this Sunday: RBI

MUMBAI: The Reserve Bank of India (RBI) on Tuesday directed banks to keep open their branches dealing with government business on the last day of the financial year (March 31), which happens to be Sunday. “The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment ... Read More »

Zero Balance Savings Account: Facilities Offered By Key Lenders, India Post Payments Bank

Customers get a number of facilities such as debit and ATM cards and internet banking with BSBD account. A BSBD or basic savings bank deposit account is a type of zero balance savings account and does not require customers to maintain any particular minimum balance. Government-owned State Bank of India (SBI) and private sector lender HDFC Bank offer the facility of opening a ... Read More »