Page 1038 - Finance News

Syndicate Bank Q3 net loss at Rs 119 cr

The Bank stock closed 5.13 per cent down at Rs 70.25 on the BSE

RBI to cut rates only once this year as inflation climbs: Reuters poll

Only one 25 basis points rate cut is likely this calendar year, between April and June, the poll says

Mortgages offer silver lining for Indian banks as corporate loans languish

Demand for home loans in smaller cities sees a spike; low risk, default rates pushes lenders to tap these markets

IDFC Bank Q3 net profit at Rs 242 cr

Total income of the lender stood at Rs 2,007.02 crore during the quarter

Finance ministry seeks banks' view on more capital infusion

Indradhanush, the bank revamp plan, envisages Rs 70,000 cr capital infusion over next four years for NPA-laden lenders

All four MDs in race to be SBI chief

The next chairman at the country's largest lender could enjoy a four-year tenure and the chairman after the next would have a five-year stint

Nomura sees 0.25% rate cut in April

Exposure to highly leveraged firms at 8%: Axis Bank

Bank says 1.5% exposure to these borrowers is classified as NPA, 5% restructured and 4% under 5/25 scheme

Deposit taking NBFCs' collection up despite RBI reluctance

There were 11,842 NBFCs registered with RBI out of which 220 were deposit-taking till March 31, 2015

HDFC Bank Q3 net up 20% at Rs 3,357 cr

Higher other income, net interest income contribute to upside

HDFC Bank Q3 net rises 20% to Rs 3,357 cr

Company's total income rose to Rs 18,282 crore during the December quarter

Delinquencies in India's securitised loans moderated in 2015: Fitch

Resilient economy helped in the dip in delinquencies for 2013- and 2014-issued transactions

Tamilnad Mercantile Bank's board elections set for a tough contest

S Vaikundarajan of VV Minerals, VVDN Vikraman of VVD Group and the Adityan family are likely to contest in the polls

New banks to complement existing banking system, says Kochhar

Says payments and small finance banks have important roles to play as India has a very large untapped market

Govt reiterates tax sops on gold monetisation scheme

However, it doesn't clarify whether tax-deduction-at-source provisions will apply to gold monetisation scheme or not

Govt may infuse more than planned Rs 70,000 crore in PSU Banks

An announcement in the upcoming Union Budget is likely

Banks to get 2.5% commission under gold monetisation scheme

Under the modified rules, premature redemption under medium and long term govt deposits have been permitted

Banks taking strong stance on corporate defaulters: Kochhar

The top banker said that our strategy also involves increasing the proportion of retail clients in its portfolio

FINO in talks to raise Rs 400-500 cr equity

Fund would help company transit from a financial inclusion firm to a payments bank

IDBI Bank revives plans to raise upto Rs 3,000 cr via Infra bonds

Funds to be lent to roads and power generation; postponed offering earlier due to high coupon, tight liquidity situation