Page 1090 - Finance News

Mid and small size PSBs report 19.6% drop in net profit in Q1

Tepid loan growth, provision for NPAs, bond portfolio make dent

Finance ministry's tight grip on handouts to PSBs

The ministry had said that PSBs as of now are adequately capitalised, but would need Rs 1.8 lakh crore extra capital over the next four years

Bank loan to steel sector grew 21% over past 5 years

Banks total exposure to the steel sector stands at Rs 3 lakh crore

Govt bonds over-subscribed; FIIs put in bids worth Rs 974 cr

14 bids were declared successful at the end of two-hour auction

Jammu & Kashmir bank Q1 net up 22% at Rs 159 crore

However, total income of the bank fell in the first quarter to Rs 1,888.35 crore

Some payments banks face dual oversight

Those already running payment systems may be regulated by RBI, Financial Authority

Odisha govt seeks Sidbi's views on expanding ambit of MSME scheme

Says govt ready to pump in Rs 100 crore, wants a special fund for MSMEs

Parliamentary panel asks Fin Min to make 15% of PSB branches all-women

Also recommended flexible working hours for women employees to help them balance their professional and family responsibilities

Firms continue to borrow more through bonds, CPs

Sebi data shows companies raised Rs 1.69 lakh cr in April-July period through private placement of corporate bonds

Asset quality pressures to continue for a few more quarters

Loan recasts and refinancing mask stress in asset quality

MFI industry on an interest rate cut spree

Lower costs of funds, better operational performance aids

UCO Bank Q1 net slumps 51% to Rs 257 crore

The bank had a net profit of Rs 521.40 cr in the April-June quarter of 2014-15 fiscal

No differences between RBI, govt on MPC: Mundra

Deposit rate cuts help Central Bank net rise 6%; NPAs jump

Gross non-performing assets rose to 6.70% from 6.15%, while net NPA too jumped to 4% from 3.62%

Forex reserves fall $187.6 million

Seven banks have applied for TReDS: RBI

Central bank says non-promoters would not hold over 10% of equity capital of TReDS

As Indians get richer, Sebi to keep eye on offshore wealth managers

Seeking to root out black money, Sebi has written to some large wealth managers in low-tax centres to try and bring them under its purview

Yields fall most in 3 weeks on inflation hopes

'Banks need additional Rs 1 lakh cr to manage stressed loans'

Banks can shift, merge urban, semi-urban branches without approval: RBI

However, banks must ensure banking needs continue to be met through satellite offices/mobile vans or through Business Correspondents