The second largest public sector lender, Punjab National Bank, said that it will raise Rs. 700 crore via bond issues.The bank in a filing to Bombay Stock Exchange (BSE) said that it would raise Rs. 500 crore through upper tier

Bank of Maharashtra's Chairman and Managing Director Allen CA Pereira said that the bank is planning to expand its branch network to 1500 covering all states in India by the fiscal's end.Pereira said that the bank, which currently has a

Despite Reserve Bank's advice to banks to reduce exposure in Mutual funds, banks parked additional funds worth Rs. 6,261 crore in the week ending November 6. With this the total outstanding investment by banks in mutual funds stands at Rs

Unlike other banks, that are slowing down on unsecured loans, HDFC, the largest mortgage lender in India, is aggressively selling unsecured loans such as credit cards and personal loans.During the previous year, most lenders have seen rising defaults in their