Page 1181 - Finance News
RBI to conduct open market sale of govt bonds for Rs 10,000 crore
The yield on the 10-year benchmark bond dropped for a third consecutive session on Monday
 "RBI to conduct open market sale of govt bonds for Rs 10,000 crore")
DCB Bank Q2 net profit up 24%
The rise in profit was mainly on account of higher net interest income
 "DCB Bank Q2 net profit up 24%")
Bank credit to NBFCs shrinks
Credit to NBFCs dropped 4.4% in Sept this year compared to an increase of 26.6% in the corresponding month last year
 "Bank credit to NBFCs shrinks")
S&P downgrades rating for Indian Overseas Bank
S&P in a statement said the asset quality is expected to remain weak over the next 12 months and revised assessment of the bank's risk position to "weak" from "moderate"
 "S&P downgrades rating for Indian Overseas Bank")
Banks book treasury profits in Oct as bond yields slide
Make up for MTM losses in September quarter as yields on 10-yr bonds soften
 "Banks book treasury profits in Oct as bond yields slide")
Now, PM to meet PSU bank chiefs
The proposed meeting comes amid rising bad loans and reports of various irregularities in state-owned banks
 "Now, PM to meet PSU bank chiefs")
 "Govt bond yields fall, rupee rises")
SBI seeks flexibility for debt recast in two sectors
Exposure to metal and power sectors on wish list
 "SBI seeks flexibility for debt recast in two sectors")
Banks yet to restrict free ATM transactions in metros
Leading banks like SBI, ICICI Bank, HDFC Bank and Axis Bank have not yet announced any cap on free transactions
 "Banks yet to restrict free ATM transactions in metros")
SBI gets Rs 500 cr from Telangana as part of farm loan waiver
Chief Minister K Chandrasekhar Rao had announced first installment of reimbursement totalling Rs 17,000 cr last September
 "SBI gets Rs 500 cr from Telangana as part of farm loan waiver")
RBI asks rural banks to partially freeze KYC non-compliant a/c
Similar instructions were issued to commercial banks by RBI last month
 "RBI asks rural banks to partially freeze KYC non-compliant a/c")
Lenders mull fund to push stalled power projects
Banks mull setting up a fund with a corpus of Rs 5,000 crore to infuse equity into stalled power projects
 "Lenders mull fund to push stalled power projects")
Appointment of 8 public bank CMDs by Nov-end
The final selection will be made by the appointment board on the weighted average marks given by the sub-committees
 "Appointment of 8 public bank CMDs by Nov-end")
From today, free ATM use capped at 5
Strap-Except SBI all other major lenders have not levied charges
 "From today, free ATM use capped at 5")
Karnataka Bank net up 3 times to Rs 88 crore in Q2
Total income grew 11% to Rs 1,278 crore as against Rs 1,152 crore a year ago
 "Karnataka Bank net up 3 times to Rs 88 crore in Q2")
Starting tomorrow, ATM use over five times per month will attract fee
Every transaction beyond this threshold will be charged Rs 20 per use
IOB says worst is over, sees gross NPAs at 6.5% by March
The bank has now decided not to go for large corporate lending and the focus is on retail, agriculture and small and medium enterprises
Indian Overseas Bank reports loss of Rs 245 cr
Provisions zoomed 44% to Rs 892.4 cr and asset quality worsened with the gross NPA ratio going up to 7.35% in the Jul-Sept period
 "Indian Overseas Bank reports loss of Rs 245 cr")
Andhra Bank Q2 net more than doubles at Rs 144.5 crore
Retail credit saw high growth during the quarter registering an year on year increase of 18.6%
 "Andhra Bank Q2 net more than doubles at Rs 144.5 crore")
Increase in provisions pulls down IDFC's net profit by 14% in Q2
The board also approved the demerger of financial undertaking of IDFC into IDFC Bank
 "Increase in provisions pulls down IDFC's net profit by 14% in Q2")