Page 1034 - Finance News
Identity theft tops list of frauds, says Experian
Cases in auto, mortgage loans & credit cards rise
 "Identity theft tops list of frauds, says Experian")
Rating agencies flag concerns over PSBs' performance
CRISIL warns of more rating downgrades for banks
 "Rating agencies flag concerns over PSBs' performance")
Provisioning hit IOB's Q3 results as net loss widens to Rs 1,425 cr
Net NPA grew to Rs 14,174 cr during the quarter, against Rs 9,511 cr a year ago
 "Provisioning hit IOB's Q3 results as net loss widens to Rs 1,425 cr")
Tech Mahindra in final stage of finalising payments bank management
The payments bank will be a subsidiary of Tech Mahindra and will target users in both rural and semi-urban areas as well as the millennial generation
 "Tech Mahindra in final stage of finalising payments bank management")
CRISIL warns of more rating downgrades for PSBs
Credit, income profiles to deteriorate further
 "CRISIL warns of more rating downgrades for PSBs")
Bank of Maharashtra Q3 profit jumps 56% to Rs 89 crore
Total income of the bank increased to Rs 3,475.98 crore during the third quarter of current fiscal
 "Bank of Maharashtra Q3 profit jumps 56% to Rs 89 crore")
Bandhan eyes NRI deposits; launches visa debit card & NRI account
The bank also in talks with Ola, Uber for car finance
 "Bandhan eyes NRI deposits; launches visa debit card & NRI account")
IFC reissues Rs 180 cr maharaja bonds
This is the first reissue of an Indian corporate bond ever
 "IFC reissues Rs 180 cr maharaja bonds")
Dena Bank shares nosedive over 12% on Q3 loss
Net NPAs went up to 6.68% from 3.97% at the end of Dec 2014
 "Dena Bank shares nosedive over 12% on Q3 loss")
Bandhan Bank targets 30-40% growth by 2017
The bank also expects to expand its number of branches to 632 by March end this year
 "Bandhan Bank targets 30-40% growth by 2017")
Dena Bank Q3 loss at Rs 663 cr in December quarter
Total income also declined to Rs 2,722.23 crore during the quarter
 "Dena Bank Q3 loss at Rs 663 cr in December quarter")
PNB net profit slumps 93% in December quarter
Gross non-performing assets (NPAs) rose to 8.47% at the end of Q3 as against 6.36% at the end of Q2; provisioning doubles to Rs 3,775 crore
 "PNB net profit slumps 93% in December quarter")
PNB Q3 net nosedives 93% to Rs 51 cr
Gross NPAs as a percentage to total advances rose to 8.47% from 5.97% in the same quarter an year ago
 "PNB Q3 net nosedives 93% to Rs 51 cr")
HDFC Bank raises headcount by 8k
Move necessitated by increased volumes and distribution
 "HDFC Bank raises headcount by 8k")
Central bank panel for interest rate options
An RBI working group on Monday proposed to introduce plain interest rate options in the market
 "Central bank panel for interest rate options")
RBI buys Rs 10,000 crore via OMOs
This is the third OMO purchase this financial year and fourth overall
 "RBI buys Rs 10,000 crore via OMOs")
 "OBC plans to raise Rs 1.5k cr via preference shares")
United Bank to raise Rs 1,000 cr via securities
A meeting of the board of directors will be held on Thursday to approve the same
 "United Bank to raise Rs 1,000 cr via securities")
27 PSBs write off 1.14 lakh-cr bad loans in 2012-15
SBI topped the chart of PSBs by writing off Rs 21,313 crore followed by Punjab National Bank Rs 6,587 crore
 "27 PSBs write off 1.14 lakh-cr bad loans in 2012-15")
EXIM Bank to issue 'Panda Bonds' worth $300 million
Panda bonds are Chinese Renminbi-denominated instruments from a non-Chinese issuer, sold in the People's Republic of China
 "EXIM Bank to issue 'Panda Bonds' worth $300 million")