TN to add 50,000 acres for industrial land bank

CHENNAI: Facing shortage of space to setup industries, the State Industries Promotion Corporation of Tamilnadu Ltd (SIPCOT) is eyeing on adding 50,000 acres to its land bank including those in the peripheries of Chennai. Latest Comment ok…Yuvarajan M   Addressing the gathering on the occasion of a leadership session on “progressive Chennai: advancing success in … Read more

Corporation Bank business registers growth of 5.35% in Q3

Representative image. MANGALURU: Corporation Bank managing director and CEO Jai Kumar Gargannounced here on Friday the performance highlights for the quarter/ 9 months ended December 31, 2016. She lost her Baby after a terrible fall!Milaap Why your child must study in boarding schoolGems Akademia Recommended By Colombia In Q3 that ended on December 31, 2016, … Read more

IDBI Bank Q3 loss widens to Rs 2,255 cr as bad loans soar

(Representative photo) NEW DELHI: Public sector lender IDBI Bank’s net losswidened further to Rs 2,254.96 crore in the third quarter of 2016-17 due to higher provisions for rising bad loans and fall in income. The bank had reported a net loss of Rs 2,183.68 crore in the October-December quarter of previous fiscal 2015-16. “Total income … Read more

Airtel Payments Bank providing banking services through 12,000 shops in UP

LUCKNOW: Airtel Payments Bank India’s first payments bank announced that it has opened over one lakh saving accounts in Uttar Pradesh within the first 2 weeks of its launch. Approximately 60% of these accounts have been opened in rural areas, underlining the massive scope for serving customers particularly in unbanked and under-banked pockets of the … Read more


Kai Pfaffenbach | Reuters Shareholders of Deutsche Bank arrive for the bank’s annual general meeting in Frankfurt, Germany, May 19, 2016. Deutsche Bank is considering a partial initial public offering of its asset management unit as part of an overhaul following its record payout over toxic mortgages in the United States, several people close to … Read more

Two assumptions about spiking bank stocks are wrong, Dick Bove warns

Dispelling ‘urban myths’ about banks: Dick Bove  6 Hours Ago | 04:41 Financial stocks need more than President Donald Trump’s promises of banking deregulation and Federal Reserve signals of higher interest rates to continue their postelection rally, influential banking analyst Dick Bove told CNBC on Tuesday. Dispelling the first of what he calls “urban myths” about … Read more

China’s central bank ‘playing dangerous game’ to prop up yuan

China’s central bank is playing a dangerous game using the country’s foreign reserves to defend the yuan because it could leave the nation defenceless in an increasingly volatile world, a state researcher has warned. Zhang Ming, senior fellow at the Institute of World Economics and Politics under the Chinese Academy of Social Sciences, said the … Read more

Mexican peso jumps against US dollar after central bank intervention

Susana Gonzalez | Bloomberg | Getty Images A worker counts Mexican peso bills on top of U.S. dollar bills at a currency exchange store in Mexico City, on Monday, Feb. 15, 2016. The Mexican peso briefly spiked more than 1 percent against the U.S. dollar on Thursday after Mexico’s central bank took steps to buttress … Read more

John Allison, the man who could be Donald Trump’s bank chief

American banks likely will have a new chief regulator soon, with one of the most likely candidates a welcome name to Wall Street. John Allison is a name frequently mentioned when it comes to potential candidates President-elect Donald Trump is considering to run the nation’s financial system, though a handful of other names also have … Read more