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Mumbai: Indian equities extended losses to the third straight day on Thursday, mirroring the weakness in global markets, after the US Federal Reserve indicated the likelihood of one more interest rate increase this year. Bank and automobile…

U.S. stocks mostly edged lower on Tuesday as worries lingered that the Federal Reserve will need to keep interest rates higher for longer and as banks shares eased.Financials, down 0.8%, were the biggest drag on the S&P 500. An S&P…

Banks have come together to reject a proposal by corporate lobbies to club borrowers tagged as 'fraud' accounts with 'wilful defaulters'. Senior bankers, who had discussed the suggestion over the last few weeks, arrived at the decision…

In the near term high volatility is expected in the precious metals complex as a fall of 1–2 % remains likely, especially in Gold given elevated 10Y yields and strong dollar, says Naveen Mathur, Director - Commodities & Currencies at…

Indian banks, especially those privately owned, are adding branches at the fastest pace in several years to help garner deposits, upending conventional wisdom that increasing familiarity with digital modes of transaction will obviate the…

Canara Bank expects its mutual fund and insurance joint ventures to apply for their IPOs over the next 18 months as the other shareholders have agreed in principle to the listing plan, its managing director K Satyanarayana Raju has said. In…

State-owned Bank of India on Friday reported a 176% jump in net profit for the June quarter at Rs 1,551 crore as compared with Rs 561 crore in the year ago period, backed by both core and non-core business growth, and a fall in bad loan…

India’s largest private sector lender HDFC Bank will `nip in the bud' the transgressions of managers and will build an `inclusive' organisation that would help it address the attrition, CEO Sashidhar Jagdishan wrote to shareholders. The…

Mumbai: State Bank of India, the country's largest lender, is likely to carry out a sale of infrastructure bonds worth up to ₹10,000 crore around the end of this month, as it seeks to raise long-term capital amid healthy demand for…

The Reserve Bank of India (RBI) has been regularly reviewing the burgeoning bond-derivative trades between banks and insurance companies, and does not see any major reasons for concern at the current juncture. The central bank is said to…