Private sector Karur Vysya Bank has contributed Rs one crore to Tamil Nadu Chief Minister's Public Relief Fund in view of the coronavirus outbreak
Why did the monetary policy doves stop cooing, Marico's stock performance uninspiring; all this and more on Moneycontrol Pro
Unlike frontline FMCG stocks, Marico’s stock performance has been uninspiring over the last one year.
Karur Vysya Bank on Wednesday reported a jump of 59 percent in its net profit at Rs 72.92 crore in the first quarter of the current fiscal, on two-fold jump in one of the interest components and lower provisioning for bad loans
Until 31 December 2018, Mittal was a shareholder of Navoday Consultants, which in turn was a shareholder in certain companies run by his brothers Pramod and Vinod Mittal, which had defaulted on bank loans.
Swift is the global messaging software used for transactions by the financial entities.
Post the PNB fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kind of their transactions.
RBI imposes Rs 8 crore fine on three banks for non-compliance of directions on Swift messaging software
The Reserve Bank of India has imposed a total monetary fine of Rs 8 crore on three banks - Karnataka Bank, United Bank of India and Karur Vysya Bank - for non-compliance of directions on Swift messaging software
Private sector Karur Vysya Bank's net profit plunged 68.97 percent to Rs 68.97 crore for the quarter ended 30 June on the account for higher provisions for bad loans
Two days after RBI hikes repo rate, Bank of India raises lending MCLR by 10 bps across various tenors
Following peers, state-owned Bank of India has hiked lending rates based on MCLR by 0.10 percent for various tenors.
Within a day of RBI hiking the key lending rate, banks have started raising interest rates which will increase EMIs for auto, home and business loans
Just retired RBI Governor Raghuram Rajan's clean-up of more than $ 100 billion of stressed assets on the books of banks on Saturday came in for praise from President Pranab Mukherjee who felt rising NPAs are not a desirable situation.
While clearing business was affected across the country, banks have fully stocked the ATM machines.
Intellect GTB's comprehensive Transaction Banking architecture to fuel growth of the bank's transaction banking service.
ICICI, Karur Vysya and South Indian Bank earn award for managing IT risk.