NEWS ON FINANCIALS
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April 04, 2018, Wednesday
RBI keeps private banks waiting on bonus payment to top executives
Silence linked to under-reporting of bad loans
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April 04, 2018, Wednesday
Despite Rs 130-bn scam, PNB 's domestic business crosses Rs 10 trn in FY18
PNB's domestic deposits grew 6.2% to Rs 6 trillion in 2017-18
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April 03, 2018, Tuesday
Merrill Lynch sells 2% stake in Indiabulls Housing Finance for Rs 9.82 bn
The shares were bought by Treetop Convertible SICAV - Treetop Convertible International
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April 03, 2018, Tuesday
IndiGo, IndusInd Bank, Bharat Financial, Apollo Tyres hit 52-week highs
Britannia, Dilip Buildcon, Firstsource Solutions, Lakshmi Machine Works, MRF, Nestle India and TV18 Broadcasting were among 11 stocks from the ...
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April 03, 2018, Tuesday
Avista helped ICICI Bank clients to recast loans for a commission: Reports
According to the Indian Express, Avista Advisory got the mandate to restructure foreign currency-denominated debt deals worth over $1.7 billion ...
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April 03, 2018, Tuesday
HDFC Life joins Rs 1-trillion market cap league
With the market-cap of Rs 1.01 trillion at 09:25 am; HDFC Life stood at number 29th position in overall market-cap ranking, the BSE data shows.
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April 02, 2018, Monday
HDFC Life enters top-30 market cap league
With the market-cap of Rs 961.21 billion at 02:39 pm; HDFC Life stood at number 30th position in overall market-cap ranking, surpasses BPCL and ...
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April 02, 2018, Monday
Can Fin Homes falls 9% after Canara Bank calls off divestment plan
The stock dipped 9% to Rs 441, extending its 7% fall in past two trading sessions on the BSE.
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April 02, 2018, Monday
ICICI Bank falls 5% as ED initiates enquiry in ICICI-Videocon loan
The stock of private sector lender was down 4.6% to Rs 265.40 on the BSE in early morning trade, its lowest level since October 24, 2017
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April 02, 2018, Monday
Churn in constituents to have negligible impact on Nifty's fundamentals
The churn will lead to a minor deterioration in Nifty 50 fundamentals, suggest Ravi Muthukrishnan and Pankaj Chhaochharia of Elara Capital in a ...
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April 01, 2018, Sunday
NCLT initiates insolvency resolution for Lanco Teesta Hydro Power
The company failed to repay project loan dues of about Rs 3.13 billion to ICICI bank after the 500 Mw hydropower project remained unfinished due ...
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April 01, 2018, Sunday
Top trading calls by Prabhudas Lilladher: Buy SBI, Shriram Transport
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
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April 01, 2018, Sunday
Allahabad Bank slashes lending rates by 45 bps to lower EMIs for borrowers
The revised rates are effective from April 2
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April 01, 2018, Sunday
Canara Bank not to divest stake in Can Fin Homes due to low price quotation
Canara Bank has decided to call off divestment process of it entire stake in Canfin Homes Ltd
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March 31, 2018, Saturday
Shriram Transport Finance Company focuses on rural markets to drive growth
Overall margins to improve, given 20% growth from rural segment
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March 31, 2018, Saturday
ICICI's Videocon loan: Inside Deepak Kochhar's NuPower Renewables
The company raised funds and installed wind power projects, but it has been silent since 2016, when Kochhar stepped down as its MD
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March 29, 2018, Thursday
ICICI Bank board defends MD on nepotism charges, quashes allegations
The bank's board also reviewed its internal processes and exposure to the Videocon group
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March 29, 2018, Thursday
Fake LoUs: PNB agrees to honour Rs 65 bn of other banks' pending claims
The decision came after the finance ministry's meeting on Tuesday with a few bankers, including those from Punjab National Bank, to break the ...
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March 29, 2018, Thursday
IDBI Bank discloses Rs 7.72-bn fraud in Andhra, Telangana; shares fall 5.2%
The CBI has registered cases for two of the five complaints, relating to branches at Basheerbagh and Guntur
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March 28, 2018, Wednesday
ICICI Bank reviews credit approval process, expresses full faith in Kochhar
The bank said that its share of banking sector's exposure to Videocon Group was less than 10%
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March 28, 2018, Wednesday
Banking scam fallout: RBI may let PNB spread fraud losses over 1 year
Lender staring at losses on account of scam worth Rs 145 billion in 2017-18
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March 27, 2018, Tuesday
Bandhan Bank outpaces BoB, PNB on debut; stock gains 25% on issue price
The stellar show comes on the back of high demand for the bank's shares during its Rs 45-billion initial public offering (IPO)
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March 27, 2018, Tuesday
Bain & Piramal to launch $1-bn fund to acquire stressed assets in India
India Resurgent Fund, a Cayman Islands limited partnership and a joint venture between Bain Capital Credit (Bain) and Piramal Enterprises ...
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March 27, 2018, Tuesday
Bandhan Bank makes strong debut; ends at 27% premium against issue price
The stock listed at Rs 499, a 33% premium against its issue price of Rs 375 per share on the National Stock Exchange.
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March 27, 2018, Tuesday
PSU banks extend gain after government cuts H1 borrowing
Nifty PSU Bank index up 3% on Tuesday, extending its previous day's 5% rally on the National Stock Exchange.
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March 26, 2018, Monday
With most negatives priced in, worst seems over for Max Financial investors
Analysts believe the stock has bottomed out
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March 26, 2018, Monday
Nifty PSU Bank index gains 4%; SBI, BOB, Canara Bank up over 3%
Nifty PSU Bank index had underperformed the market by falling 27% thus far in the calendar year 2018, against 5% decline in the benchmark index ...
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March 24, 2018, Saturday
Indiabulls to sell 50% in Mumbai assets to Blackstone for Rs 47.5 bn
Once this transaction is concluded, Indiabulls will cease its sole control over the two subsidiaries IPPL and IRECPL
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March 24, 2018, Saturday
Reliance AMC: AUM, revenue may see uptick of over 20% each in next 2 years
Share of equity funds in total assets under management (AUM) is also expected to increase, boosting the top line and profitability of AMCs such ...
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March 23, 2018, Friday
UCO Bank to merge branches in Hong Kong as it realigns overseas operations
Move follows RBI's ban on LoUs; With almost zero capital needed for opening a branch in Hong Kong, Indian banks long have been upbeat in opening ...
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March 23, 2018, Friday
Gitanjali Gems falls below face value at Rs 9.65; tanks 85% in six weeks
The stock hit a new low of Rs 9.65, down for the 26th straight sessions.
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March 23, 2018, Friday
Investors lose Rs 18 trillion in two months; SBI lose Rs 727 billion
Total investor wealth, measured in terms of cumulative market value of all listed stocks on BSE, fell by Rs 18 trillion in past two months to Rs ...
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March 23, 2018, Friday
SBI, Tata Motors, Bosch among 60 stocks from BSE500 index hit 52-week lows
BHEL, Ambuja Cements, Bharat Electronics, Cadila Healthcare, Cummins India, Indian Oil, Lupin and Power Finance Corporation were among 60 stocks ...
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March 22, 2018, Thursday
SBI hits 52-week low; down 22% in two months
The stock hit a 52-week low of Rs 240.65, down 3% on the NSE, fallen below its previous low of Rs 241.15 touched on October 26, 2017 in ...
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March 22, 2018, Thursday
Power sector stress may worsen banks' bad loan pain even more in Q4FY18
Implementation of resolution plan within timeframe appears difficult
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March 22, 2018, Thursday
Honoured all Letters of Undertaking during 2011-16: PNB to Finance Ministry
The bank also issued 234 LoUs worth Rs 18.8 bn to another group of companies promoted by Mehul Choksi in 2015 and 2016
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March 22, 2018, Thursday
PNB blames concurrent auditor for not flagging off SWIFT transactions
Reconciliation of SWIFT messages with trade module of the core banking system was not followed and the concurrent auditor did not point out this ...
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March 22, 2018, Thursday
Fairfax capital infusion will add Rs 150-200 bn to Catholic Syrian Bank
Kerala-based Catholic Syrian Bank (CSB), which is planning to dilute 51 per cent stake to Fairfax, has said that with the proposed Rs 12 billion ...
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March 21, 2018, Wednesday
ICICI Securities raises Rs 17 billion from 58 anchor investors
The price band for the issue is Rs 519 to Rs 520 per share
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March 21, 2018, Wednesday
From Cholamandalam to Indostar, CVs to drive auto financiers' growth
Cholamandalam Finance and Shriram Transport Finance, among others, will be key beneficiaries
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March 21, 2018, Wednesday
IDBI's 30% stake sale in NSDL delayed; transaction may spill over to FY19
IDBI Bank has been selling non-core investments through 2017-18
