Page 1118 - Finance News
Union Bank Q4 net down 23% at Rs 443 cr
Announces dividend of Rs 6 per share; net interest income up 3% at Rs 2,127 cr
 "Union Bank Q4 net down 23% at Rs 443 cr")
UCO Bank net down 26% on higher NPA
The bank's net NPA for the quarter ended 31st March 2015 was nearly Rs 6,330 cr
 "UCO Bank net down 26% on higher NPA")
Central Bank of India net up 7% in Q4 at Rs 174 cr
The lender plans to raise Rs 2,800 cr in the current fiscal
 "Central Bank of India net up 7% in Q4 at Rs 174 cr")
Vijaya Bank net drops 29% to Rs 97 crore in Q4
The drop is on account of higher provisions during the quarter, which went up by 11% to Rs 306 cr
 "Vijaya Bank net drops 29% to Rs 97 crore in Q4")
Bank DBS submits application to start subsidiary operations in India
DBS said it applied to set up the locally incorporated unit to boost its banking business in Asia's third-largest economy
 "Bank DBS submits application to start subsidiary operations in India")
Slow growth, bad debt will force banks to cut rates: Crisil
There is limited ability in banks to hold on, says Rajat Bahl, director at CRISIL Ratings
 "Slow growth, bad debt will force banks to cut rates: Crisil")
Bonds rally on value buying
The yield on the 10-year benchmark bond closed at 7.89 per cent on Monday, down nine basis points from the previous close
 "Bonds rally on value buying")
SBM officials meet Mysuru industrialists
The bank has decided to offer special training to its officers on various industrial issues
BOB Q4 profit declines 48% at Rs 598 cr
On consolidated basis, the net profit showed 22% fall at Rs 3,912 crore
 "BOB Q4 profit declines 48% at Rs 598 cr")
 "Bond yields might remain elevated this week")
Post Bank to get professionals from pvt sector
May get licence from RBI in August; the bank is projected to earn a revenue of Rs 2,365 cr over the first five years
 "Post Bank to get professionals from pvt sector")
PMO to review steps to check loan frauds on Thursday
Top 30 defaulters account for bad loans of Rs 95,122 cr, or more than a third of entire NPAs of PSU banks as on Dec 2014
 "PMO to review steps to check loan frauds on Thursday")
 "Use offset loans to reduce interest costs")
IOB expects turnaround this fiscal
The bank is looking at selling around Rs 500 crore NPA to asset reconstruction companies
 "IOB expects turnaround this fiscal")
Led by SBI group, PSBs dominate credits, deposits space
They had 73.2% and 73.9% market share in credits and deposits respectively as of end March 2014
 "Led by SBI group, PSBs dominate credits, deposits space")
IIFCL Infra Debt Fund to float green sector scheme
Targets Rs 1,000-cr corpus; placement period likely to open by end of first quarter of FY16
 "IIFCL Infra Debt Fund to float green sector scheme")
India Inc gets bond shock, fund-raising plans go awry
SAIL, GIC Housing Finance defer bond issuances amid rising yields
 "India Inc gets bond shock, fund-raising plans go awry")
SBT Q4 profit grows 295% to Rs 192 cr, retail biz in focus
For the full fiscal 2014-15, profit came in at Rs 336 crore as against Rs 304 crore a year ago
 "SBT Q4 profit grows 295% to Rs 192 cr, retail biz in focus")
IOB net profit slumps 87%
Bank reported a turnaround compared to the net loss posted during quarter ended December 31, 2014
Allahabad Bank profit up 29% at Rs 203 cr
The bank's net NPA stood at 3.99 per cent at the end of March 2015, against 4.15 per cent in the end of March 2015
 "Allahabad Bank profit up 29% at Rs 203 cr")