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Tamilnad Mercantile IPO

07 Sep 2022

Private bank Tamilnad Mercantile IPO subscribed over THIS MUCH times

Tuticorin-based Tamilnad Mercantile bank IPO subscribed over 1.53 times on second day. The price band of the IPO is Rs 500-525 per share. An Initial Public Offering (IPO) is a process to offer shares of the company in exchange of money to the public investors.

17 Mar 2017

Kerala gets first private bank

ESAF Small Finance Bank, Kerala`s first private sector bank, was launched here on Friday by Chief Minister Pinarayi Vijayan.

19 Nov 2015

RBI nod mandatory for buying over 5% stake in private bank

RBI on Thursday said its prior approval will be required for acquisition of shares or voting rights in a private bank for increasing the aggregate holding to 5 percent or more, as it put in place detailed take purchase norms in banks.

01 Sep 2015

Yes Bank to enter credit cards, hires Prabhu to lead division

"Credit cards are being launched in Q1 of FY17 to fully complete the retail banking product suite," the bank said in a statement.

23 Aug 2015

Yes Bank to decide on $1 bn share sale in H2

"We will decide about ADR/GDR or domestic issuance of shares in the second half of the current fiscal," Kapoor, Managing Director and CEO of Yes Bank said.

16 Apr 2015

IndusInd Bank Q4 profit rises 25% to Rs 495 cr

The lender had earned Rs 396.05 crore in the fourth quarter ended March 31, 2014.

31 Mar 2015

HDFC Bank opens 111th branch in Odisha

The new branch, inaugurated by Odisha Chief Secretary Gokul Chandra Pati, will remain open six days a week, offering residents the flexibility to carry out their banking transactions at the time most convenient for them.

30 Mar 2015

ICICI Bank gets equity capital repatriation from foreign units

"The bank has, in March 2015, received further equity capital repatriation of CAD 80 million from ICICI Bank Canada and USD 75 million from ICICI Bank UK," it said in a BSE filing.

19 Mar 2015

HDFC expects to have 200 branches in Kerala in two years

HDFC Bank, which on Thursday opened its 150th branch in Kerala, wants to take the branch distribution to 200 in the state in 12-24 months, a top bank official said on Thursday.

12 Mar 2015

New Credit Suisse boss faces stiff challenge in Asia

Incoming Credit Suisse boss Tidjane Thiam is expected to focus on private banking in Asia while aggressively cutting jobs at its investment bank, as he aims to repeat the success in the region of his old employer, Prudential.

06 Feb 2015

HDFC Bank to open 16 branches in Odisha by March-end

Private lender HDFC Bank on Friday said it will open 16 more branches in Odisha by the end of March this year.

16 Jan 2015

Axis Bank Q3 net up 18% at Rs 1,899 crore

The third largest private sector bank's net profit in the corresponding October-December quarter of FY14 stood at Rs 1,604.11 crore.

05 Jan 2015

ICICI wants others to follow 'digital village' model: Kochhar

Expecting her 'ICICI digital village' project to become a role model, the private sector bank's chief Chanda Kochhar says she wants other entities to come forward and launch similar projects.

09 Sep 2014

Upper age limit for MD & CEO of a pvt bank is 70 years: RBI

The Reserve Bank Tuesday fixed 70 years as the maximum age for a person to hold office of MD & CEO and other Whole Time Director (WTD) in a private bank as stipulated in the new Companies Act.

09 Jun 2014

Kotak Bank sets up ATMs at Mumbai Metro stations

The bank has installed 2 ATMs at every station. Its executive vice president (consumer banking) Puneet Kapoor said.

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