The country's second largest private lender, HDFC Bank on Tuesday reported almost a 34 per cent increase in net profit at Rs.1,085 crore in the first quarter ended on June 30, compared to the like per

India is poised to become the third largest domestic banking sector by 2050 after China and the US, a survey by a leading global accounting and consultancy firm said.

China could overtake the US in t

State-owned Indian Bank has fared better among the PSU banks by recording highest returns on assets for the financial year ended March, 2011, according to an analysis of the annual results.

The Chenn

State Bank of India, the country's top lender, posted an unexpected plunge in quarterly net profit on Tuesday and lagged estimates by a massive margin, slammed by higher provisions for bad loans, oper

Software giant Apple has emerged as the world's most valuable brand surpassing search engine major Google, while ICICI Bank is the lone Indian company to feature in the list of top 100 global brands.

The Reserve Bank today slapped a penalty of Rs 1.95 crore on 19 banks, including heavyweights SBI, HDFC Bank, ICICI Bank and Citibank, for violating norms on derivatives, an instrument used to hedge f

New Delhi: Citibank has witnessed maximum 92 frauds of cloning of debit/credit cards or use of fake cards involving over Rs 1.89 crore from 2007-08 to December 2010.

"Largest number of such frauds

Mumbai: Home, auto and corporate loan rates may not go up immediately, even though the Reserve Bank today raised key short-term policy rates by 25 basis points to check high inflation, bankers said.

An announcement from ICICI Bank Ltd:

* ICICI Q3 net profit 14.37 billion rupees

* Consensus forecast for India's ICICI Q3 net profit 13.5 billion rupees

* ICICI says Q3 net interest income at 23.12

London: Dozens of people flocked to a ATM machine in Dundee, Scotland after it started ‘spitting out’ money, it has emerged.

Police were called to the Scotmid branch in Fintry Road after staff notic