Ujjivan Small Finance Bank’s initial public offering attracted heavy investor demand on the final day of bidding on Wednesday as the issue was subscribed a whopping 165.64 times. The Rs 750-crore initial public offering (IPO) received bids for 2,053 crore... Read more
There were days when people used to stand in enormous queues in front of banks to deposit money into their bank accounts. Those were the times when ATM or net banking was not a thing. The Indian banking system has... Read more
Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged... Read more
MUMBAI: International Finance Corporation(IFC), a member company of the World Bankgroup, will invest $35 million in Manappuram Finance in a bid to tap the Indian gold loanmarket in their first such foray. “We are making our first investment in a gold-loan finance company to create... Read more
The Karnataka government on Friday urged the European Investment Bank (EIB) to fund other projects in the state. At the signing of the agreement between the Karnataka government and the EIB, deputy chief minister G Parameshwara thanked the Bank for... Read more
LONDON (Reuters) – European shares extended a recovery on Monday thanks to bank stocks as dealmaking took center stage again after a week of political tension in Italy and Spain and friction between the U.S. and its allies over trade... Read more
Axis Bank has seen a drastic fall in corporate loans in the recent past. Photo: Mint Mumbai: Two top executives at Axis Bank Ltd, India’s third largest private bank, have quit, two people aware of the development said. Sidharth Rath, head... Read more
The Bank of Canada is seen Wednesday September 6, 2017 in Ottawa.The Bank of Canada keeps its key interest rate target on hold at 1.25 per cent. THE CANADIAN PRESS/Adrian Wyld Canada’s economy is “progressing well” in the face of... Read more
There are 14 types of Rs. 10 coins Amid the reluctance on part of traders and members of public to accept Rs. 10 coins due to suspicion about their genuineness, the Reserve Bank of India (RBI) has reiterated its stand... Read more
Markets continued their record- setting spree for the second straight day with BSE benchmark Sensex rising over 178 points to hit new closing high of 35,260.29 and Nifty ending above 10,800 for the first time, driven by a rally in... Read more