Page 88 - Abhijit Lele

Bank of Baroda back in black in Q1, posts net profit of Rs 1,208 cr

The lender's net interest income rose by 15.8% in Q1FY22 to Rs 7,892 cr

Recast loans worth Rs 70,000 crore get extra time to meet norms

Bankers said this move comes as a support to stressed firms from sectors like tourism, real estate, hospitality and others hit badly by second wave

RIL-Future deal: Lenders worried over big hair-cuts, IBC option open

Retail entity's cash flows have been hit, and if the merger deal does not go through, the working of restructuring would be under strain

S&P upgrades outlook on Indian Bank to stable on funding, liquidity profile

The rating agency affirmed Indian Bank's "BBB-" ratingm but ruled out any upward revision in the next one to two years

DBS, Temasek set up $500 mn financing platform for growth stage firms

DBS said in a statement that EvolutionX will invest in opportunities arising from an increasingly digital economy - across sectors like financial services, consumer, healthcare, etc

Deposit insurance: Urban cooperative banks major beneficiaries, shows data

By March 2020, 357 urban cooperative banks (UCBs) had failed in the country, leading to payment of Rs 4,903 crore in claims

LIC Housing Fin Q1 net nosedives 81% to Rs 153 cr on spike in impairment

Total income declined to Rs 4,859.04 crore from Rs 4,977.5 crore a year ago. Sequentially also income fell marginally from Rs 4,964.3 crore in Q4FY21

Union Bank of India net profit up 255% to Rs 1,181 crore in June quarter

Net interest income rose by 9.53 per cent year-on-year in Q1FY22 to Rs 7,013 crore

Poonawalla Fincorp strengthens top deck with six new appointments

While Rajendra Tathare is Chief Credit Officer, Rashmi Prasad is Head Analytics. Others include Mitul Budhbhatti, Manish Kumar, Surya V and Indiresh Phaltankar

Depositors to get up to Rs 5 lakh within 90 days if bank under moratorium

The announcement covers 98.3% of all deposit accounts and 50.9 per cent of the deposit value, Finance Minister Nirmala Sitharaman said

MSME credit demand in June back to level before pandemic, says CIBIL

High credit growth was helped by government's lending scheme and it masks asset quality pain: Agency

Canara Bank Q1 net nearly triples to Rs 1,177 cr as provisions dip

Net interest income rose by just 0.84 per cent in Q1FY22 to Rs 6,147 crore from Rs 6,096 crore a year ago

SBI top-deck recast: Mishra is new HR head, Rana Singh is strategy chief

Ravindra Pandey, who was serving as DMD (Strategy) & Chief Digital Officer, is now DMD and Chief Information Officer (CIO)

Retail credit getting traction, but may remain below pre-Covid levels

According to the RBI data, in the pre-pandemic phase in 2019-20, year-on-year growth in retail credit was 16.6 per cent in June 2019

Axis Bank Q1 net up 94% YoY at Rs 2,160 cr on sharp dip in provisions

Non-interest income up 39% to Rs 3,588 cr, with fee income growing at 62% to Rs 2,668 cr

M&M Finance suffers huge Q1 loss at Rs 1,529 cr on sharp rise in provisions

Makes expected credit loss provision of Rs 2,124 cr

ICICI Bank's Q1 net surges 78% to Rs 4,616 cr as provisions fall sharply

Interest margins improved; provision fell despite Covid-19 pressure

IndusInd Bank to raise up to Rs 30,000 crore through debt and equity

The board gave approval to the plan for raising funds. It will also seek shareholders' nod for it

YES Bank may have to forgo issuing 100K cards; inks pact with RuPay

The bank has tied up with National Payments Corporation of India for issuing RuPay cards and will ink a similar deal with VISA

Yes Bank Q1 net up 355% YoY at Rs 207 cr on surge in non-interest income

Sequentially, the bank had booked a loss of Rs 3,788 crore in the quarter ended March 2021 (Q4FY21)