Page 1059 - Finance News
Canara Bank Q2 profit dips 16% to Rs 529 cr
Higher provisioning for bad loans and contigencies led to the dip in net profit
 "Canara Bank Q2 profit dips 16% to Rs 529 cr")
Punjab National Bank wants to sell its bad loans
In August, senior bank officials had denied a move to offload NPAs on ARCs
 "Punjab National Bank wants to sell its bad loans")
Canara Bank Q2 net drops 16% to Rs 529 crore
Total income has increased to Rs 12,477.95 crore for the quarter
 "Canara Bank Q2 net drops 16% to Rs 529 crore")
National Bank of Abu Dhabi enters India
The opening of the branch comes as NBAD has completed migration of an Indian corporate loan portfolio worth around $900 million from Royal Bank of Scotland
Lakshmi Vilas Bank plans to raise Rs 300 crore through QIP
Bank has set a target to grow its overall business at around 25% in 2015-16 and 2016-17
 "Lakshmi Vilas Bank plans to raise Rs 300 crore through QIP")
Tata Capital Financial Services to raise capital Rs 500 cr via bonds
Scale up personal loans, loan against properties business
Banks' NPL pressure to subside, green shoots visible: Fitch
He said, speedier resolution can have a huge impact in reviving the sector
 "Banks' NPL pressure to subside, green shoots visible: Fitch")
StanChart India remains without a CEO
The new CEO was expected to take over from Sunil Kaushal last month itself but they are yet to decide on who will be the right person
 "StanChart India remains without a CEO")
UCO Bank to propose debt rejig for REI Agro
Kolkata-based Basmati rice export firm alleged to have defrauded a consortium of 20 banks of Rs 3,814 cr
 "UCO Bank to propose debt rejig for REI Agro")
 "Corp Bank to write off Rs 532-cr loan to REI Agro")
Govt appoints MDs of four PSU banks
MDs of UCO Bank, Corporation Bank, Andhra Bank and Oriental Bank of Commerce have been appointed
RBI fixes gold bonds issue price at Rs 2,684 per gram
Gold bond scheme will offer investors an interest rate of 2.75% and a choice to buy bonds worth 2 grams of gold
 "RBI fixes gold bonds issue price at Rs 2,684 per gram")
Suresh Patel takes charge as Andhra Bank CEO
Prior to the new appointment, Patel was working as the executive director at the Oriental Bank of Commerce
Moody's gives banks reason to cheer, upgrades outlook to stable
Pace of additions to stressed loans to slowdown
 "Moody's gives banks reason to cheer, upgrades outlook to stable")
Deepak Singhal takes over as RBI executive director
Prior to his appointment as ED, Singhal was Regional Director in-charge of Reserve Bank of India, New Delhi
 "Deepak Singhal takes over as RBI executive director")
Now, Citibank begins online disbursal of loans
Bank looking at extending scheme to non-Citibank customers
 "Now, Citibank begins online disbursal of loans")
Banking, financial services sector to spend Rs 49,900 cr on IT: Gartner
In 2014, the banking and securities firms spent Rs 45,500 cr on IT products and services
 "Banking, financial services sector to spend Rs 49,900 cr on IT: Gartner")
Excluding provisions in Q2, we could have made profit: IDFC
On Saturday, IDFC posted a net loss of Rs 1,468 cr on the back of increased provisioning
 "Excluding provisions in Q2, we could have made profit: IDFC")
Gold monetisation scheme to help cut loan rates
Leading gold finance companies planning special packages to cash more business
 "Gold monetisation scheme to help cut loan rates")