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State Bank of Travancore’s net profit up 31% in Q3

State Bank of Travancore’s net profit up 31% in Q3

State Bank of Travancore has posted a net profit of Rs.132 crore in the third quarter of FY 2012 to 13. Thus reflecting a 31% jump compared to the net…

Liquidity reserves may have peaked: UK banks

Liquidity reserves may have peaked: UK banks

Fitch estimates that on average around 13% of the UK’s funded bank balance sheets are in the form of prime liquid assets, on top of which banks hold varying buffers…

RBI nod for 71 new branches received by Lakshmi Vilas Bank

RBI nod for 71 new branches received by Lakshmi Vilas Bank

Lakshmi Vilas bank is serving a customer base of over 2 million through a network of 291 branches as on December 31,2012. Lakshmi Vilas bank has received permission from the…

New paperless mobile payment system announced by Citibank India

New paperless mobile payment system announced by Citibank India

Citibank India announced a new paperless mobile payment system that would allow its credit and debit card customers to do away with the charge slips. The new system is a…

Due denial of ATM services Banks to give reasons to customers

Due denial of ATM services Banks to give reasons to customers

RBI has given an indicative list of 33 reasons that banks need to mention for ATM declines. The Reserve Bank of India on 17th January has asked banks to mention…

Federal Bank & Manipal Global Education launched

Federal Bank & Manipal Global Education launched

Manipal Global Education Services and Federal Bank announced the launch of Federal Manipal School of Banking at the Manipal University Bangalore Campus located in Bangalore. The inauguration was presided over…

People claims about Bank’s PPI deadline

People claims about Bank’s PPI deadline

The financial watchdog is in talks with banks about setting a deadline of April 2014 for people to claim compensation for mis-sold payment protection insurance policies. The British Bankers Association…

HDFC Bank’s Q3 earnings

HDFC Bank’s Q3 earnings

India’s second largest private sector lender HDFC Bank is likely to report a robust growth of 29% year on year in its third quarter net profit in 2012 to 13.…

In RBI policy rates: Bankers seek cut

In RBI policy rates: Bankers seek cut

Leading bankers on yesterday met RBI top brass, impressing upon them the need to shift focus of monetary policy to growth and sought reduction in the repo rate and the…

Fitch: Singapore property-cooling measures curb risks for banks

Fitch: Singapore property-cooling measures curb risks for banks

The Singapore government’s measures to cool the property market,including higher stamp duty and tighter conditions for mortgages,may curb the build up of potential threats to the credit profile of Singapore…