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IndusInd Bank net profit down 37% to Rs 830 crore in December quarter

Other income declined by eight per cent to Rs 1,646 crore in Q3 of FY21 from Rs 1,790 crore in Q3 of FY20.

Bank retail lending moderates in December, farm and SME credit accelerates

Impact of Covid-19-induced economic disruption continues to linger, lenders say

IDBI Bank posts net profit of Rs 378 cr in Q3; net interest income up 18%

Deposits grew from Rs 2.18 trillion in Dece­mber 2019 to Rs 2.24 trillion.

RBI's NBFC paper silent on liquidity management, says India Ratings

The paper has not said whether the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) will be applicable to upper layers of NBFCs

Banks in India ready for transition, but the world still loves Libor

Libor era ends this year, and banks across the globe will have to shift to an alternative rate. Two popular choices available only have a few swap deals linked to them

S&P upgrades outlook on Vedanta Resources from 'negative' to 'stable'

Strong operating momentum and sizable free cash flow generation at Vedanta Ltd also improve liquidity at the holding company level

UCO Bank logs net profit at Rs 35 cr in Q3, stock closes 1.55% higher

Its gross non-performing Assets declined to 9.8 per cent in December 2020 from 19.45 per cent a year ago.

Capitalise PSBs, create bad bank to absorb NPAs, says financial sector

Rating agency CARE Ratings said, given that bank credit growth would be higher in FY22 than in FY21, incremental credit would be Rs 10-11 trillion

NBFC norms will check regulatory arbitrage, support growth: Experts

An analyst with a rating agency said the regulation should be ownership neutral and avoid special treatment

May need to reverse Rs 800 cr in interest income: YES Bank's Prashant Kumar

A back-of-the-envelope calculation says interest reversal will be to the tune of Rs 700-800 crore in that particular quarter, says Kumar

Indian Bank reports Q3 net of Rs 514 cr versus loss in year-ago quarter

Board clears Rs 4,000 cr equity raising plans to reduce GOI stake below 75 per cent

YES Bank Q3FY21 net at Rs 151 cr versus Rs 18,560 cr loss a year ago

NIMs at 3.4%; will decline post SC verdict in NPA case; Board clears equity raise up to Rs 4,000 cr

Bajaj Finance has enough headroom to withstand moderate downside risks: S&P

BFL's credit costs will stay elevated at about 5 per cent in fiscal 2021 and improve to 2.5-2.7 per cent of total loans in fiscal 2022

Indian exports likely to lose edge on rising rupee, says RBI study

Study suggests absorbing inflows to avoid this; effective exchange rate index revamped

SMEs, real estate to drive asset quality deterioration in India, China: S&P

Emerging markets face slippage, volatile capital flow risks

Tech adaption puts top Indian banks at low risk of digital disruption: S&P

Rising smartphone penetration and internet connectivity, and young, tech-savvy demographic segment present vast opportunities for existing banks and new players

Fitch downgrades Delhi International Airport to 'BB'; outlook negative

Fitch downgraded Delhi International Airport Ltd's Long-Term Issuer Default Rating from "BB+" to "BB" on the sharp drop in volume in 2020 due to significant travel restrictions to curb Covid spread

Legal hurdles await DHFL resolution process; lenders meeting today

Lenders meeting today to press for better share in recoveries from frauds

Fullerton India CEO Nambiar quits, firm reshuffles senior management

NBFC also announced senior leadership changes

We hope investors will continue to support us: Hemant Kanoria of Srei Infra

In a Q&A, the company's chairman says the firm had to freeze interest payment and redemption of NCDs due to the pandemic and related regulatory approach