Page 1039 - Finance News

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

Avoid Indian banks is advice of Asia's best dollar bond funds

10 new EDs appointed in public sector banks

All the EDs have been appointed initially for a period of three years

RBI expected to remain accommodative, says Kochhar

RBI has reduced repo rate by 125 basis points in about past one year, but demands continue to mount for further cuts to stimulate economy

Deposits in Jan Dhan accounts cross Rs 30,000 cr

As per the latest data available, as many as 20.38 cr bank accounts were opened under the PMJDY as on the Jan 20

Lakshmi Vilas Bank Q3 net soars 41% at Rs 46 crore

Total income of the bank rose 13.8% to Rs 723.05 crore in the December quarter this fiscal

SBI Life Q3 net profit up by 26% at Rs 197 cr

Renewal premium recorded a 20% growth to Rs 2,359 cr

Banks to get commission for unlocking household gold: RBI

Central bank to pay a commission of 2.5%, including 1.5% handling charges, for the first year to banks

State-run banks ahead in PoS deployment

Share of the state-owned banks in the PoS market has also increased from 26% in 2014 to 33% this year

Amfi to approach Sebi on agent commission disclosure issue

ICICI Bank eyes Rs 80k cr mobile banking transactions

Said technology has transformed the financial sector in terms of their interaction with customers, reducing the dependence on branches and providing the convenience of anytime access to banking, a win