Page 1033 - Finance News
India gears up for mobile money for everyone through UPI
Platform will give very small borrowers a choice of lenders whom they can repay via mobile at the end of the day
 "India gears up for mobile money for everyone through UPI")
Andhra Bank Q3 net dips 83% at Rs 34.46 cr
Total income grows 5.74% at Rs 4,801.40 cr against Rs 4,540.34 cr year ago period
 "Andhra Bank Q3 net dips 83% at Rs 34.46 cr")
 "NPA provisioning drowns banks' profits")
Indradhanush a ray of hope but public sector banks need wider reforms
The measures included recapitalisation, performance-based incentives and professional appointments
 "Indradhanush a ray of hope but public sector banks need wider reforms")
Asset quality review rules hit earnings: Mundra
Reserve Bank of India deputy governor SS Mundra on Thursday said high NPA numbers reported by banks is because of the delayed recognition of stress
 "Asset quality review rules hit earnings: Mundra")
Past sins push PSBs to edge
Gross NPAs surge on RBI directive to recognise these upfront, valuations dip to all time-lows
 "Past sins push PSBs to edge")
PSBs disappoint majorly in Dec quarter
Many banks cut lending to customers perceived as risky
Clean up! Don't wait for growth: Rajan tells banks
Says RBI will strive to have 'clean and fully provisioned bank balance sheets by March 2017'
 "Clean up! Don't wait for growth: Rajan tells banks")
Banks deny allegation that technical write-offs are a scam
Former RBI deputy governor K C Chakrabarty says technical write-offs should be stopped
 "Banks deny allegation that technical write-offs are a scam")
Banks can take higher slice of SLR portfolio: RBI
The total carve-out from SLR available to banks would be 10% of their NDTL
 "Banks can take higher slice of SLR portfolio: RBI")
SBI bites NPA bullet, profit plunges 67% to Rs 1,259 cr
The bank had posted a profit-after-tax of Rs 3,828.20 crore in the third quarter of the last financial year
 "SBI bites NPA bullet, profit plunges 67% to Rs 1,259 cr")
Banks will be restored to health: Raghuram Rajan
He said RBI will strive to have 'clean and fully provisioned bank balance sheets by March 2017'
 "Banks will be restored to health: Raghuram Rajan")
Banks will be restored to health: Raghuram Rajan
He said RBI will strive to have 'clean and fully provisioned bank balance sheets by March 2017'
Indian Bank Q3 net tanks 85% at Rs 42 crore
Total income for the quarter under review rose to Rs 4,438 crore
 "Indian Bank Q3 net tanks 85% at Rs 42 crore")
HDFC Bank larger than all domestic peers
HDFC Group bigger than many of its global peers
 "HDFC Bank larger than all domestic peers")
OBC posts Rs 425-cr loss in Dec quarter as bad loans mount
Total income fell to Rs 5,350.48 cr during the quarter from Rs 5,458.79 cr in the previous financial year
 "OBC posts Rs 425-cr loss in Dec quarter as bad loans mount")
Union Bank Q3 net down by 74.2%
Interest income takes hit, provisions up 45%
 "Union Bank Q3 net down by 74.2%")
City Union Bank Q3 profit up by 10%
Lender posts Rs 113.06 crore net profit against Rs 102.70 crore a year ago
 "City Union Bank Q3 profit up by 10%")
Identity theft tops list of frauds, says Experian
Cases in auto, mortgage loans & credit cards rise
 "Identity theft tops list of frauds, says Experian")