Page 1094 - Finance News

Karur Vysya Bank Q1 net up by 10.24 %, NPAs also rise

Bank's total income up by 3.83 % to Rs 1518.50 crore

Govt names Additional Secretary to RBI board in place of Finance Secretary

Govt nominated Ajay Tyagi to be director on the Central Board of Directors of RBI with immediate effect

ICICI Bank Q1 net up 12%, beats estimates

Bad loans ease, gross NPA falls to 3.68% from 3.78% q-o-q

Some room for Aug rate cut

Near-normal monsoon, falling crude oil prices help keep inflation under check but this window of opportunity might not last for long

Lending rates can come down if Reserve Bank of India cuts rates further: HDFC Bank

Moreover, since the deposit growth is outpacing loan growth, there could be scope to bring down the base rate

Cut rate for facilitating investment cycle

With an almost normal monsoon prediction and sufficient food stock to prevent a price spiral, rural demand should be healthy in the festival and winter season across the country

FM might present supplementary demand for grants today

The supplementary demand seeks Parliament's nod for more budgetary and extra-budgetary spending demands

Bad loans drag Dena Bank's Q1 profit 81% to Rs 15 cr

The fall was attributed to a sharp rise in NPAs and consequently a higher allocation towards provisioning

Banks grapple with bad loans, profitability takes a hit

Of the six banks that posted their quarterly numbers, only State Bank of Mysore saw a slight jump in net profit

Vijaya Bank Q1 net down 12% at Rs 143 cr

However, total income increased to Rs 3,289.05 crore

Some progress on bank NPAs: RBI

The RBI has taken several steps to ensure stressed assets can be recognised early on and resolved more prudently

State discoms' debt recast only postpones stress: India Ratings

The rating agency says the root causes of revenue gap - transmission losses and insufficient tariffs - have not been properly addressed

Bank results indicating asset quality stability: RBI

Only way to get over the issue of mounting bad loans is to adopt correct business practices and risk management strategies, said S S Mundra

RBI says 'watchful' of banks' bad loans levels

Says while NPAs in April-June quarter stable, they are still not back to normal levels

Rise in bond yields, bad loans hurt govt banks

PNB, BoI, Union Bank report sharp decline in net profit

PNB may take over firms to recover debt

Among steel companies, debt-heavy Electrosteel Steels Ltd said on Monday its lenders would restructure its loans, while Bhushan Steel is another big borrower

Rajan says lack of good economists impacting policy making

Said a lot of policy-making is done without understanding the general equilibrium which is often the key contribution that an economist can make to the dialogue

RBI likely to keep repo rate unchanged: DBS

According to DBS, besides the P-Notes issue, other domestic factor weighing on market is the unproductive monsoon parliament session, which began last week

RBI might announce liquidity tightening steps

While the central bank wants call money rates to hug the repo rate, it has occasionally fallen below repo

Indian Bank gives Rs 166 cr as dividend to Centre

Govt holds 82.10 % in Chenna-based bank