Page 83 - Abhijit Lele

Bank of India profit zooms 100% to Rs 1,051 crore on low provisions

Its net interest income, the interest earnings minus expense, fell 14.32 per cent in the reporting quarter to Rs 3,523 crore in Q2FY22

IL&FS group expects to resolve extra Rs 4,800 crore debt by March 22

If this happens, it would have resolved amounts close to Rs 57,000 by then; lenders' write-off pegged 38-39%

Moody's upgrades Lodha group's Macrotech Developers to B3; outlook positive

Move follows reduction in debt, improvement in performance

Alchemist ARC to move Jaisalmer court against Pratip Chaudhuri's arrest

The Rajasthan Police had on Sunday arrested Chaudhuri in Delhi in connection with an alleged loan scam.

Be vigilant to vulnerabilities: RBI governor Shaktikanta Das to banks

The RBI data showed that credit growth is improving, albeit at a slower pace

Bank of India Q2 net doubles to Rs 1,051 cr on spike in non-interest income

However, NII fell by 14.32% in the reporting quarter to Rs 3,523 crore

Bankers in a state of shock after former SBI chairman Chaudhuri's arrest

State Bank says deal on which Chaudhuri was arrested was done after he retired; ex-SBI chairman Rajnish Kumar calls arrest vendetta; pathetic, blasphemous say others

SBI ex-chief Pratip Chaudhuri arrested, sent to 14-day judicial custody

Case related to bad loan, sale of NPA at low value

Centrum-BharatPe backed Unity Small Finance Bank commences operations

The banking entity aims to be the digital-first bank

Shaktikanta Das reappointed as governor of RBI for three-year term

The Appointments Committee of the Cabinet approved the extension, Financial Services Secretary Debashish Panda's office notified

PSBs to introduce common staff accountability guidelines for NPAs

Loans up to Rs 50 cr t be brought under new regime, fraud accounts to be kept out of ambit; aim is to reduce hardship to employees, save resources

IDFC First Bank's Sept quarter net up 50% on improved interest margins

It had posted a net profit of Rs 101 crore in the second quarter of the last financial year (Q2FY21)

Bandhan Bank suffers Rs 3,008 cr Q2 loss on higher stressed loan provisions

Lender had posted a net profit of Rs 920 crore in the second quarter ended September 2020

Credit growth gets festival boost in Sept led by retail, industry, agri

Growth in credit to the services sector decelerated to 0.8 per cent in September 2021 from 9.2 per cent in September 2020

RBI eases current account opening rules for exposure below Rs 5 cr

Rules changed after feedback from the Indian Banks' Association and other stakeholders, says the regulator

Private banks' Q2 profit soars 26% as economy shows signs of recovery

Helped by lower provisions and contingencies, which fell 26%; asset quality was broadly stable with 1% rise in GNPAs

Vastu Housing Finance raises $200 million from a consortium of investors

With this investment, Vastu will further scale operations in existing locations, explore new markets and invest in next-generation technology platforms

IndusInd Bank Q2 net up 73% to Rs 1,147 cr on steady rise in NII, fees

Net Interest Income up 12% YoY, but Net Interest Margin dipped by nine bps

Poonawalla Fincorp consolidated net profit up 151% in Sept quarter

Its total income on consolidated basis fell to Rs 512.57 crore in Q2FY22 from Rs 602.64 crore in Q2FY21

Indian banking sector to witness new round of consolidation: Acuite Ratings

The rating agency said this consolidation is eminent because many small sized private banks continue to face chronic asset quality problems which constrain their capital availability