Banking Sector

Mumbai, Jan 30: The government's reform agenda for the banking sector was to "transform" the sector itself, union Minister of State for Finance Jayant Sinha said on Friday. Addressing the 11th ASSOCHAM Annual Banking Summit here, he said…

New Delhi, Jan 13: India's banking sector on Tuesday sought increasing the tax exemption limit for savings to Rs.2.5 lakhs and allowing it to issue off-shore rupee bonds to finance infrastructure, at a pre-Budget meeting Finance Minister…

Chennai, Oct 21: HDFC Bank closed the second quarter of the current fiscal with around 20 percent growth in net profit as compared to previous year's corresponding period, the private sector bank said on Wednesday. The bank posted a net…

New Delhi, Oct 20: Noting the massive stressed assets, or bad loans, of state-run banks, Prime Minister Narendra Modi on Monday said the government would be infusing Rs.70,000 crore in the public sector banks (PSBs) in the next few years.…

Mumbai, Aug 11: India's largest bank State Bank of India (SBI) on Tuesday said it closed the first quarter of the current fiscal with a higher net profit. In a regulatory filing in BSE, the bank said it has posted a net profit of…

Mumbai, Aug 6: A day after it gained over 150 points, a benchmark index of the Indian equity markets provisionally closed in the green during the trade session on Thursday. The 30-scrip sensitive index (Sensex) of the S&P Bombay…

Mumbai, Aug 5: A day after it lost over 115 points following the central bank's decision to maintain status quo on key lending rates, a barometer index of the Indian equity markets made gains on Wednesday. The barometer sensitive index…

Mumbai: Capital infusion in banks, clarity on retrospective tax on capital gains and expectations of a rate cut by the apex bank cheered investor sentiments and boosted the Indian equity markets on Friday. The positive cues propelled the…