APN News

  • Tuesday, July, 2019| Today's Market | Current Time: 01:52:22
  • State Bank of India Q2 net profit up 24% to Rs. 4,991.7 crore

    Mumbai   : State Bank of India has announced the following results for the quarter ended September 30, 2015. The bank reported 21.66 per cent rise in its net profit at Rs. 4,991.7 crore for the quarter ended September 30, 2015 as compared to Rs. 4,023.8 crore for the quarter ended September 30, 2014.  The bank’s […]

    Resident Indians can avail low interest mortgages by UAE banks

    Mumbai: Residents of India exploring investment options in Dubai property can now double up their buying power, courtesy low-interest home loans facilitated by UAE banks. Indians can avail 50 to 60 percent of their property value, financing up to USD 5 million at as low as 2.99 percent interest rate. With financing period of up […]

    Vigilance Awareness Week 2015 at IDBI Bank Ltd.

    Mumbai: Vigilance Awareness Week is being observed by IDBI Bank Ltd. from October 26 to 31, 2015. The theme of this year’s Vigilance Awareness Week is “Preventive Vigilance as a tool of Good Governance”.  The Vigilance Awareness Week commenced with the administration of Pledge by Shri B.K. Batra, Deputy Managing Director of the Bank to […]

    IDBI Bank loans to become cheaper following 25 bps reduction in Base Rate

    Mumbai : IDBI Bank’s loans, linked to Base Rate will become cheaper following a 25 bps reduction in its Base Rate to 9.75% p.a. with effect from October 05, 2015. IDBI Bank has taken this pro-active step, keeping in view the recent policy measures announced by the RBI. The reduction in interest rate is expected […]

    “Exim Bank Extends A Line Of Credit Of Usd 35 Million To The Government Of The Republic Of Guinea’.”

    Mumbai: Export-Import Bank of India (Exim Bank) has, at the behest of the Government of India, extended a Line of Credit (LOC) of USD 35 million to the Government of the Republic of Guinea, for Construction and Upgradation of Regional Hospitals at Kankan and Nzerekore in Guinea. The LOC Agreement to this effect was signed […]

    BANK OF MAHATRASHTRA CONVENES 128TH SLBC MEETING

    Bank of Maharashtra, Convener of the State Level Bankers’ Committee for Maharashtra State, convened 128th meeting of SLBC on 04.09.2015 at Mumbai. Shri S. Muhnot, C & MD Bank of Maharashtra & Chairman, State Level Bankers’ Committee, Maharashtra presided over the meeting. The meeting was attended by Shri D.K. Jain, Additional Chief Secretary, Agriculture & […]

    Sector to Gain from Reduced Banking Rates

    In a move that will provide a huge help in driving the demand for real estate sector in our country, a handful of banks have slashed their lending rates and a few have made a cut in their deposit rates which is considered a sign for future reduction in lending rates. A drop in lending […]

    Banking sector sees weak credit demand due to higher risk aversion: Dun & Bradstreet Top Banks 2015

    Credit growth of scheduled commercial banks (SCBs) decelerated from 14.5% in FY14 to 9.7% in FY15 on account of increased risk aversion on account of deterioration in asset quality and availability of alternative sources of funds. The total income of the banks saw 12.5% growth in FY14 decelerating to 10.7% in FY15, gross interest income […]

    Comments of Ms Chanda Kochhar, MD and CEO, ICICI Bank on RBI’s announcement about domestic systematically important banks-

    Given our size and significant presence across the financial sector, it was expected that ICICI Bank would be classified as systemically important. The Bank’s capital adequacy is well in excess of regulatory requirements and the Bank is not expected to require fresh equity capital for the next couple of years. Source : Sachin Murdeshwar

    SBI and ICICI Bank classified as Domestic Systemically Important Banks

    Views of  Parag Jariwala, VP – Institutional Research, Banking and Financial services, Religare Capital Markets Ltd.,  on the SBI and ICICI Bank SBI and ICICI Bank classified as Domestic Systemically Important Banks The RBI has classified SBI and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). Consecutively, the additional Common Equity Tier 1 (CET1) requirement […]