ICICI Bank board to meet on Monday, may discuss CEO Chanda Kochhar loan issue

ICICI Bank board to meet on Monday, may discuss CEO Chanda Kochhar loan issue

The board of ICICI Bank, which will meet on Monday for approving the annual earnings of 2017-18, may see some discussion on the allegations of conflict of interest against the lender’s CEO Chanda Kochhar, sources said. There are series of...
read more
Sensex, Nifty hit fresh highs; bank stocks drive rally

Sensex, Nifty hit fresh highs; bank stocks drive rally

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
Should Indians be worried about the safety of their bank deposits? What we know (and what we don’t)

Should Indians be worried about the safety of their bank deposits? What we know (and what we don’t)

The Finance Ministry in a series of tweets earlier this week clarified that rights of depositors will not be compromised by the Financial Resolution and Deposit Insurance Bill, 2017, or FRDI Bill, expected to be tabled in the Parliament in...
read more
27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

Managing finances is a key priority for small businesses. Yet many business owners make financial mistakesthat may cost them dearly. For example, a new study has revealed 27 percent of small business owners use the same checking account for personal and busi...
read more
Punjab National Bank Q2 Profit Beats Estimates, Shares Surge

Punjab National Bank Q2 Profit Beats Estimates, Shares Surge

State-run Punjab National Bank, the country’s fourth-biggest lender by assets, reported a 2 per cent rise in second-quarter profit, beating forecasts. Its shares rose over 5 per cent to Rs. 208 at day’s high. Net profit rose to Rs. 561...
read more
Modi govt’s Rs 2 trillion recapitalisation plan spurs bank stocks

Modi govt’s Rs 2 trillion recapitalisation plan spurs bank stocks

Key benchmark indices Sensex and Nifty were trading higher by up to 1% in late morning trade, pulling back from their life-time highs, as select banking, IT, auto and pharma stocks gained. The government on Tuesday announced various measures to spur...
read more
1 2 3 10