IndusInd Bank launches ‘QuickPay’

IndusInd Bank has launched a service called QuickPay, which enables the bank’s customers to send money instantly to their personal contacts and/or business parties through SMS, e-mail and social media.This does not require the beneficiary bank account details. The sender can transfer money and a personalised message through net banking from the bank’s website by just filling the e-mail ID or mobile number of the receiver.“Moreover, customers can choose to send e-Gift Cards to anyone, anywhere, anytime,” the bank said in a statement.The sender...

Read more »

Corporation Bank targets 12% loan growth in FY 16

Corporation Bank today said its credit growth is expected to more than double to 12 per cent in the current fiscal.“With greater focus on retail, SME and priority sector lending especially agriculture, we expect the credit growth to pick up to 12 per cent in the current fiscal,” Corporation Bank Chairman and Managing Director S R Bansal told PTI.The bank recorded a loan growth of 5.8 per cent during the fiscal ended March 2015 as it carried a re—balancing exercises during the year, he said.The bank’s credit portfolio rose to Rs. 1,45,066 crore...

Read more »

Karnataka Bank to open 25 e-Lobbies

Karnataka Bank Ltd is planning to open 25 e-Lobbies in different parts of the country by the end of the current financial year, according to P Jayarama Bhat, Managing Director and Chief Executive Officer of the bank.Speaking at the inauguration of the fifth e-Lobby of the bank in the country at Mulund (West) in Mumbai on Monday, he said the e-Lobby provides essential banking facilities under one roof through self-service automation kiosks.This is the fifth e-Lobby of the bank in the country and the first one on Maharashtra. The bank has plans...

Read more »

IndusInd Bank Q1 net profit jumps 25% to Rs 524 cr

Mid-sized private lender IndusInd Bank reported a 25 per cent growth in net profit at Rs 524 crore for the quarter ended June 30, 2015 on the back of strong interest income and lower gross bad loans.The bank had posted a profit of Rs 421 crore in the year ago quarter.Romesh Sobti, MD & CEO of IndusInd Bank said, "Inspite of a tough operating environment, credit off-take has increased to 23 per cent."Last month, the bank raised capital of about Rs 4,400 crore through a qualified institutional placement (QIP) and is in the process to issue...

Read more »