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India's largest mortgage lender State Bank of India (SBI) Friday said it had closed the third quarter ended Dec 31, 2014 with 30 percent growth net profit at Rs.2,910 crore. In a statement, SBI said it closed the third quarter with a net…

The NRI deposits with Kerala's State Bank of Travancore (SBT) have registered an increase of Rs.3,795 crore, a top official of the bank said Monday. SBT's managing director Jeevandas Narayan told reporters here that over a fourth of its…

The country's largest mortgage lender -- State Bank of India (SBI) -- has decided to raise equity capital of Rs.15,000 crore to meet the increased capital needs for matching the anticipated growth in business, the bank said. The bank said…

The Reserve Bank of India's (RBI) norms requiring banks to outline the framework they use to determine the loan spread about their benchmark lending rates will reduce pricing power of the latter, global rating agency Moody's Investor…

Shareholders of ING Vysya Bank approved its merger with Kotak Mahindra Bank in an extraordinary general meeting convened on Wednesday. Kotak Mahindra Bank had announced the buyout of ING Vysya Bank in November 2014 in a Rs. 15,000-crore…

In a significant development, the inflation measured by the Wholesale Price Index (WPI) plunged to zero in November; it stood at 1.77 per cent in October. The Wholesale inflation was at 7.52 per cent in November 2013. The fall in the WPI…