Latest News for: New delhi bank

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CSB Bank posts highest-ever net profit in FY21 at Rs 218 cr; Q4 net at Rs 43 cr

Yahoo Daily News 08 May 2021
New Delhi, May 8 (PTI) Private sector CSB Bank on Saturday posted an all-time high net profit of Rs 218.40 crore for the fiscal ended March 2021. 'The bank recorded an all-time high net profit of Rs 218.40 crore in FY21 as against Rs 12.72 crore in FY20, an increase of 1,617 per cent,' CSB Bank said in a regulatory filing.
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FinMin asks PSU banks to keep high vigil on any attempt to seize funds by Cairn

Yahoo Daily News 08 May 2021
New Delhi, May 8 (PTI) The finance ministry has asked public sector banks (PSBs) to be on high vigil against any attempt being made to seize their overseas deposits to recover USD 1.2 billion that the UK's Cairn Energy plc has been awarded against India levying retrospective taxes, sources said.
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DCB Bank Q4 results: Profit rises 13% to Rs 78 crore

The Times of India 08 May 2021
NEW DELHI. Private lender DCB Bank ... Total income of the bank during the January-March quarter of 2020-21 fell to Rs 971 crore from Rs 1,012 crore in the same quarter of 2019-20, DCB Bank said in a regulatory filing ... For the FY2020-21, the bank's net profit remained nearly flat at Rs 336 crore against Rs 338 crore in FY20.
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India asks state banks to withdraw cash held abroad over Cairn dispute, sources say

The Times of India 07 May 2021
India has asked state-run banks to withdraw funds from their foreign currency accounts abroad, two government officials and a banker said, as New Delhi fears may try to seize the cash after an arbitration ruling in a tax dispute ... While New Delhi has filed an appeal, the ...
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India asks state banks to withdraw cash held abroad over Cairn dispute, claims report

The Times of India 07 May 2021
India has asked state-run banks to withdraw funds from their foreign currency accounts abroad, two government officials and a banker said, as New Delhi fears Cairn Energy may try to seize the cash after an arbitration ruling in a tax dispute ... While New Delhi has filed an appeal, ...
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India asks state banks to withdraw cash held abroad over Cairn dispute: Report

Live Mint 07 May 2021
India has asked state-run banks to withdraw funds from their foreign currency accounts abroad, two government officials and a banker said, as New Delhi fears Cairn Energy may try to seize the cash after an arbitration ruling in a tax dispute ... While New Delhi has filed an appeal, ...
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UCO Bank gets shareholders' nod for preference issue to govt, offsetting accumulated losses

Yahoo Daily News 07 May 2021
New Delhi, May 7 (PTI) State-run UCO Bank on Friday said its shareholders have approved issuance of preferential shares to the government for Rs 2,600 crore capital infusion. The shareholders have also approved adjusting the bank's accumulated losses by March 2020 against the balance in the share premium account.
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Ahead of India-EU summit, European Investment Bank announces Euro 250,000 to support India's fight against COVID-19

Yahoo Daily News 07 May 2021
New Delhi, May 7 (PTI) The European Investment Bank (EIB) on Friday announced an emergency financial assistance of Euro 250,000 (approx Rs 2.2 crore) to support India's response to the COVID-19 crisis ... He said the new cooperation with the State Bank of India, through the ...
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No immediate plans to raise capital: SBI Chairman

Yahoo Daily News 07 May 2021
New Delhi, May 7 (PTI) SBI chairman Dinesh Kumar Khara said that the bank does not have immediate plans to raise capital as a reasonable profit of the last fiscal would be ploughed back to take care of foreseeable business growth ... As regards the current year, he said the bank has enough resources to take care of the business growth.
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EIB commits second tranche of 150 mn euros for Pune Metro Rail project

Yahoo Daily News 07 May 2021
New Delhi, May 7 (PTI) European Investment Bank (EIB) on Friday committed second tranche of 150 million euros (about Rs 1,335 crore) for Pune Metro Rail project ... These Banks Offer Up to 7% Interest Rates on Bank FDs ... Axis Bank Revises Fixed Deposit Interest Rates, Check Latest FD Rates Here.
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Analysts upbeat on small lender despite its deteriorating asset quality. Here's why

The Times of India 07 May 2021
NEW DELHI. As more small finance banks are eyeing listings on Dalal Street, the leader of the pack is going down in flames. But shares of AU Small Finance Bank ... The bank reported 38 per cent growth in net profit to Rs 168.98 crore for the quarter ended March 2021 from Rs 1,223 in the year-ago period.
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IndiaEXCLUSIVE India asks state banks to withdraw cash held abroad over Cairn dispute, sources say

Reuters 06 May 2021
India has asked state-run banks to withdraw funds from their foreign currency accounts abroad, two government officials and a banker said, as New Delhi fears Cairn Energy (CNE.L) may try to seize the cash after an arbitration ruling in a tax dispute ... While New Delhi has filed an ...
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SBI digital services to be affected due to maintenance on May 7

Yahoo Daily News 06 May 2021
New Delhi, May 6 (PTI) State Bank of India’s various digital services will be affected on Friday evening due to the scheduled up-gradation of the lender's digital banking platforms ... As of December 31, 2020, it had 85 million internet banking and 19 million mobile banking users.
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Covid: Foreign media just won’t let Modi sleep in peace

The Telegraph India 06 May 2021
A British newspaper has taken “India’s narcissistic Prime Minister” and “shameless demagogue” to task for building a Central Vista in New Delhi while “within a mile or two, people were still dying for lack of care in the dusty streets”.
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IDBI Bank shares surge 15%. Here is why

The Times of India 06 May 2021
NEW DELHI. Shares of LIC-controlled IDBI Bank ... IDBI Bank turned profitable in the fiscal year ended March after five years, posting a net profit of Rs 1,359 crore for the year ... The All India Bank Employees' Association (AIBEA) opposed the government's decision to privatise IDBI Bank.
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