Banking Sector

Austrian UniCredit branch to cut 570 jobs by 2010

Vienna - The Austrian daughter of Italian bank UniCredit will cut 570 jobs over the next three years as part of a plan to reduce the group's total workforce by 9,000 by 2010, Bank Austria announced

Citi India Full-year Net Profit Doubles

Indian operations of Citi bank have doubled profit for the year ended March 31, 2008. The bank has gained 100% profit rise notwithstanding sub prime crisis.

IKB posts lower-than-expected loss

Dusseldorf - Germany's IKB Industriebank AG, which has one of the nation's prominent casualties of the subprime crisis, reported Thursday a lower-than-expected loss as a tax benefit helped the gro

More banks hike lending, deposit rates

Housing Development and Finance Corp (HDFC) on Monday announced raising home loan rates for existing as well as new customers by much as 75 basis points (100 basis points=1%).

Reserve Bank of India, Bank of Japan inks BSA deal

The Reserve Bank of India and Bank of Japan have clinched a bilateral swap

Yes Bank raises Rs 364 crore from Rabobank

Private sector lender Yes Bank has informed that it has successfully raised Rs

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