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Banking industry news
475 posts
Bank of India raises Rs 2,550cr through QIP route
Bank of India said that it has raised INR 2,550 crores by issuing over 40.5 crore shares to…
Kotak Mahindra Bank to divest 200 million shares of Airtel Payments Bank
Kotak Mahindra Bank Limited said that it has signed a share purchase agreement to divest 200 million equity…
Vakrangee ties up with Punjab National Bank to offer BC banking services
Vakrangee Limited (VL) said that it has forged a partnership with Punjab National Bank (PNB) to offer business…
Karnataka Bank introduces KBL FASTag for automatic payment at toll plazas
Karnataka Bank has launched a pre-loaded payment instrument called KBL FASTag to enable seamless movement of vehicles at…
Vedavaag Systems becomes business correspondent of Punjab National Bank
Vedavaag Systems Limited, a Hyderabad-based e-governance solutions provider, has been selected by Punjab National Bank for empanelment as…
National Australia Bank to acquire Citigroup’s Oz consumer business
National Australia Bank Limited (NAB) has agreed to acquire the Australian consumer business of Citigroup for AUD 1.2…
Bank of Marin Bancorp wraps up acquisition of American River Bankshares
Bank of Marin Bancorp, the parent company of Bank of Marin, has wrapped up its previously announced $125…
India-based RBL Bank taps AWS for fast tracking AI efforts
RBL Bank, an Indian private sector bank, said that it has selected Amazon Web Services (AWS) as its…
City Union Bank Q1 FY 2022 net profit up by 12% to Rs 173cr
City Union Bank Limited, formerly called Kumbakonam Bank Limited, has reported a 12% growth in its net profit…
Bank of Baroda reports net profit of Rs 1,209cr in Q1 FY22
Bank of Baroda has reported net profit of INR 1,209 crores for the first quarter of fiscal year…