Banking & Accounting

State-owned lender Bank of India (BoI) is planning to sell 25.05 per cent  equity stake in Star Union Dai-ichi Life Insurance for Rs 1,106 crore at Rs 170.50 floor price of each share.

Banks closed fiscal 2019 with robust disbursals that rose in double-digits for the second year in row, after the sub-5 percent in FY17, which was the lowest in five decades. According to the Reserve Bank data

IndusInd Bank on Tuesday priced its maiden dollar-denominated three-year public bond issue at 185 basis points (bps) over the corresponding US treasury yield. The bank raised $400 million at a

HDFC Bank Ltd said on Monday it plans to raise up to Rs. 50,000 crore ($7.19 billion) by issuing debt over the next 12 months.
HDFC Bank Ltd said on Monday it plans to raise up to Rs. 50,000 crore

A day after the Reserve Bank of India (RBI) lowered its key lending rate, Bank of Maharashtra on Friday said it will reduce the benchmark marginal cost of funds based lending rate (MCLR)

Axis BankNSE 0.39 % has terminated more than 50 mid-level managers as it restructures its business and cuts cost under a new chief executive. As executive vice-presidents and vice-presidents,

Rajnish Kumar, Chairman, State Bank of India, has exhorted his bank’s 2.60-lakh-odd employees to roll up their sleeves to deliver an operating profit of about ₹70,000 crore in FY2020.

The Reserve Bank of India (RBI) is likely to cut its policy interest rate by 25 basis points on Thursday, despite some analysts believing the country’s weakening economic growth

Kolkata reserve bank of india has made life a little bit easier for banks by tweaking the bad loan divergence rule. Banks’ disclosure of divergence practice mandated by RBI

State-run Punjab National Bank (PNB) is selling part of its stake in PNB Housing Finance to global private equity firm General Atlantic Group and alternative investment firm Varde Partners for Rs 1,851.60 crore. After the transaction,