Page 1119 - Finance News

Now, NTPC eyes masala bonds

Masala bonds are rupee-denominated bonds issued in capital markets abroad

Punjab National Bank Q4 net profit down 62% to Rs 306 cr

PNB posted a 8.4% decline in its net profit to Rs 3,061.58 crore compared with Rs 3,342.57 crore in the previous financial year

PNB Q4 net slumps 62% as bad loans hurt

Gross NPA rises to 6.55% from 5.97% in the previous quarter

Now, WhatsApp funds to friends

Axis Bank launches Ping Pay to enable fund transfer across various platforms

RBI allows ARCs long resolution period beyond eight years

Redemption of receipts in line with resolution time

NPCI cuts ATM switch charges by 10%

Foray into credit cards from Jan 2016

Bombay HC reserves final order in YES Bank case for May 12

Judge suggests, for non-disruptive functioning of bank, promoters should consider reducing their holdings below 10%

RBI directions on fraud in accounts

Tells banks to put in place early warning system, make full provision once identified, fix responsibility on staff

Muthoot Fincorp eyes private equity of Rs 800 cr

The company is also planning to come up with public issue of bonds worth Rs 550 cr sometime in June

IIFL's consolidated net up 62% in Q4

The quarter witnessed strong uptend in capital market activities and financial product distribution

Banks' gross NPAs rises to 4.45% from 4.1% in 1 year: RBI

Implementation of joint lenders' forum needs further improvement, says Mundra

Now, a personal loan disbursed every minute from HDFC Bank

Bank eyers 50% growth in personal loans

Sebi notifies debt conversion norm for banks in distressed cos

Move will give bankers larger say in distressed firms by allowing them to acquire majority stake and take over management

State Bank of Bikaner & Jaipur plans to raise Rs 700 cr capital

SBBJ's current capital adequacy ratio as per Basel III norms stands at 11.57%

Now, PNB does it, cuts lending rate by 0.25%

Bank has revised downwards the base rate to 10% from 10.25%, effective May 7

SC issues notice to Centre on selection of top executives at public sector banks

PIL alleges that govt's inviting applications for post of MD and CEO in five PSBs was arbitrary and illegal

BOB cuts base rate by 25 bps, SBBJ by 15 bps

New rates effective May 6; with this, 21 of 91 scheduled commercial banks have reduced base rates

Doha Bank plans $250 mn capital infusion in Indian operations

Bank intends to grow India linked businesses by $5 bn

Public issue of bonds see tepid demand due to rising yields

Expectation of bond street is now for a maximum rate cut of 50 bps in current fiscal

SBBJ cuts base rate by 15 bps to 10.10%

The new revised rate will be effective from May 06