Banking News
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August 06, 2020, Thursday
Financial sector firms hit market to prepare for post-Covid world
Most private banks and non-banking firms are able to raise money on the strength of their profile
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August 06, 2020, Thursday
HDFC to raise Rs 14,000 crore, fixes Rs 1,838 as floor price for QIP
Mortgage lender will use part of capital to fund inorganic opportunities and investments in existing group businesses
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August 05, 2020, Wednesday
South Indian Bank gets RBI's nod to set up non-financial subsidiary
Private sector lender South Indian Bank (SIB) on Wednesday said the RBI has given an in-principle approval for setting up a ...
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August 05, 2020, Wednesday
Canara Bank net profit up 23.5% at Rs 406 crore for June quarter
Canara Bank on Wednesday reported 23.5 per cent rise in standalone net profit at Rs 406.24 crore for June quarter 2020-21.
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August 05, 2020, Wednesday
Clean up balance sheets of corporates, banks to rein in fiscal deficit: IMF
In its external sector report, IMF also called upon India to strengthen the governance of public sector banks
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August 05, 2020, Wednesday
Aditya Puri's iron hand approach has led to high profit, wealth creation
Delivering steady profit growth in high teens is the hallmark of his stint spanning 26 years
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August 04, 2020, Tuesday
Govt to work on a recap plan after evaluating the impact of moratorium
For now, the government has told state-owned banks to raise money from the markets
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August 04, 2020, Tuesday
HDFC Bank: After Puri's move, it might be a good time to book profits
Change is the only constant, and when an "icon" has to make way for a successor, there is normally a turbulence, both within the ...
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August 04, 2020, Tuesday
Union calls for strike against 100% attendance rule in bank branches in TN
Employees' body says state govt has extended lockdown till August 31 and there is no public transport; branches are also not so ...
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August 04, 2020, Tuesday
Aditya Puri: The Marathon Man and his stellar run on the banking track
Few have matched the HDFC Bank chief's longevity at the crease, within and outside the banking industry; a non-nonsense leader, ...
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August 04, 2020, Tuesday
Sashidhar Jagdishan to succeed Aditya Puri as HDFC Bank CEO
He joined the Bank in the 1996 and heads finance, human resources, and other departments
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August 04, 2020, Tuesday
RBI's draft code on governance: Pvt bank CEOs likely to get 15-year tenure
It could be applicable to both promoters and professionals, if allowed by the RBI
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August 04, 2020, Tuesday
Moody's upgrades YES Bank to B3 on equity infusion; outlook stable
Successful equity raising showcases lender's regained access to external market funds, which is a result of its improving ...
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August 03, 2020, Monday
Dhanlaxmi Bank Q1 profit tumbles 69% on higher bad loan provisioning
Private sector Dhanlaxmi Bank on Monday posted a 69 per cent decline in its net profit at Rs 6.09 crore for the first quarter ...
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August 03, 2020, Monday
Covid-19 impact: HSBC warns loan losses could hit $13 bn as profit dips 65%
The bank reported a pre-tax profit of $4.32 billion for the first six months this year, lower than the $5.67 billion average of ...
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August 03, 2020, Monday
Bandhan Bank says meets all licensing norms with promoters' 21% stake sale
Bandhan Financial Holdings, the holding company of the bank, sold nearly 337.4 mn shares at a minimum of Rs 311 apiece to raise ...
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August 03, 2020, Monday
Bank of India Q1 net profit rises three-fold to Rs 844 cr as bad loans ease
The total income during the period under review increased to Rs 11,941.52 crore, from Rs 11,526.95 crore in the year-ago period
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August 03, 2020, Monday
Cut stake in top public sector banks to 51% in 12-18 months: RBI to govt
Proposal to prune stake to 51% in six banks may fetch over Rs 43,000 crore
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August 03, 2020, Monday
Red lights flashing in PSBs make fresh equity injections imperative
Fresh equity injections have become significantly more imperative, as economic recovery remains shaky due to continued ...
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August 03, 2020, Monday
How a one-time loan recast policy may lead to a spate of litigation
The management committee of the Indian Banks Association feels banks should be given the discretion to decide how the recast is ...
