Private sector lender News

Besides, the bank announced that the Board has approved the resignation of veteran banker Vikram Limaye from the post of MD and CEO who is set to join leading stock exchange NSE as its new Managing Director and CEO.

India's third larget private lender Aix Bank's net profit fell to 5.80 billion rupees ($85 million) for the three months ended Dec. 31, from 21.75 billion rupees a year earlier. 

The bank had earned Rs 2,869.5 crore profit in the same quarter of the last financial year.

Private sector lender Yes Bank today said it has raised Rs 545 crore by issuing Basel-III compliant tier-II bonds.

The service, which can be used by customers who have installed an app of the bank's mobile wallet 'Pockets', works by scanning QR codes.

The bank's had earned a net profit of Rs 2,233.04 crore in the April-June quarter of 2014-15.

Mid-sized private sector lender Yes Bank has said it would prefer raising money through an ADR issue under its USD 1-billion capital infusion plan next fiscal and stressed that the court order in a case involving its promoters will not impact these plans.

Country's largest private sector lender ICICI Bank on Tuesday opened about 50 branches across the country, achieving the milestone of 4000th branches.

The Competition Commission has dismissed a complaint which alleged that private sector lender Tamilnad Mercantile Bank indulged in unfair business practices while providing banking services.

The bank will also ensure quick processing where the loan will be processed to farmers within four working days.