See better growth prospects for next 12 months: Romesh Sobti, ...

IndusInd Bank is trying to seize opportunities in advisory services. With a network of 500 branches, the private sector lender is strengthening its investment banking arm by broking merger and acquisition as well as private equity deals. "We are ...

(Mint - McClatchy-Tribune Information Services via COMTEX News Network) -- After a decade of lagging peers, Hinduja-promoted IndusInd Bank Ltd is surging ahead in valuation due to higher yields from its relatively large retail portfolio and higher ...

MUMBAI: (RBS) may be third-time lucky with its attempts to sell off retail and commercial banking business in India. It is looking for buyers for its assets worth Rs 3,000 crore, for the third time in four years as the previous attempts failed.

The Reserve Bank of India, today cut the benchmark repo rate by 25 basis points , while keeping the cash reserve ratio unchanged. The repo rate, the rate at which RBI lends to banks, now stands at 7.25 percent. The CRR, which is the portion of the ...

.01%) IndusInd Bank is trading higher by 4% to Rs 469, extending its Thursday's 7% rally, after reporting a strong 38% year-on-year (yoy) jump in net profit at Rs 307 crore for the fourth quarter ended March 2013 (Q4) driven by a healthy rise in its ...

MUMBAI: Banks such as Standard Chartered, JPMorgan Chase and Deutsche Bank, which have offices in London, Frankfurt and New York, are planning to use plum foreign postings to hold back employees as the Indian banking industry prepares for its ...

The country's top three private sector banks appear to be outdoing each other in expanding their ATM network. As at January-end 2013, their collective ATM network witnessed an average year-on-year growth of 31 per cent. HDFC Bank led the private ...

Amid significant reduction in defaults and focus on income-based lending, banks are seeing their credit cardbusiness grow at a healthy rate. saw a year-on-year growth of 24.3 per cent as at January-end 2013 against 8.5 per cent January-end 2012. In ...

At least two West Bengal government-owned corporations have been defrauded of Rs.123 crore through a unique forgery of term deposit receipts involving several private and public sector banks. The episode appears to uncover further weaknesses in the ...