Page 327 - Finance News

DCB Bank Q3 net profit jumps 52% to Rs 114 cr on decline in bad loans

The capital adequacy ratio stood at 16.26 per cent in the December quarter

Bank credit growth rises to 16.5% to Rs 132.81 trillion in Jan 13 fortnight

Deposit growth has gathered pace to 10.6%

Bajaj Finance Q3 net up 40% to Rs 2,973 cr; highest ever quarterly profit

Performance was aided by healthy rise in net interest income, drop in provisions and contingencies

Private banks post 31.7% YoY growth in Q3, net profit rises to Rs 35,166 cr

Healthy interest margins, credit offtake boost bottomline; provisions show subdued rise on better asset quality

Axis Bank in talks to issue 10-year infra bonds, taps insurance firms

Lender in talks with end-investors to issue infra bonds at a rate of around 7.85%

9 out of 10 individual traders in F&O segment making losses: Sebi

Nine out of 10 individual traders in the equity F&O segment incurred net losses during both the years FY 2018-19 and FY 2021-22, according to a study by market regulator SEBI

Tamilnad Bank to keep focus on small biz lending, open 25 new branches

RBI in October 2022 lifted its three-year ban on lender from opening new branches

Credit card spends in Dec cross Rs 1 trillion for 10th month in a row

Net card addition fell substantially in December to 580,000

Securitisation of stressed assets: RBI floats paper on regulatory purview

Securitisation refers to a process that includes the pooling of loans and then selling them to a Special Purpose Entity which then issues securities backed by the loan pool

TVS Credit posts 75% rise in Q3; net profit rises to Rs 97.97 crore

The company's total income for the quarter under review was also up by 51 per cent to Rs 1,094.13 crore, as against Rs 723.6 crore during the third quarter of the previous financial year

By March, we'll be closer to pre-Covid levels: ESAF Small Finance Bank MD

Thomas says the bank expects to bring the microfinance portfolio down to 60 per cent of its book

Digital currency to further bolster digital economy, says RBI's Ajay Kumar

Digital currency will further bolster the digital economy, make payment system more efficient, reduce cost involved in physical cash management, RBI Executive Director Ajay Kumar Choudhary said

Nomura hires ICICI banker Mahesh Natarajan to head India ECM biz: Report

Natarajan is due to join the Japanese firm's Indian unit in the coming months, the sources said, declining to be named as the hiring decision is not public

SBM Bank says engaging with RBI to address 'supervisory concerns'

The RBI, on Monday, ordered SBM Bank to stop all transactions under the liberalised remittance scheme (LRS) until further notice, citing "material supervisory concerns" but no further detail

UCO Bank Q3 profit more than doubles to Rs 653 cr on decline in bad loans

Total income increased to Rs 5,451 crore in the quarter from Rs 4,638 crore in the year-ago period, the bank said in a regulatory filing

South Indian Bank posts Rs 102-cr net profit in October-December quarter

The net interest margins (NIM) widened to 3.52 per cent for the quarter, and Ramakrishnan said the bank will be able to close FY23 with a NIM of 3.20 per cent

Govt, RBI must tie up to uproot illegal digital lending apps: DLAI

DLAI has also sought clear licensing pathways and operating rules for the ecosystem

Indian lenders expect pick up in retail deposits as interest rates rise

Currently, most large lenders offer deposit rates between 6.75% and 7.30% for 1-2 year deposits and between 5.75% and 7.25% for longer-term deposits

US-based crypto exchange Gemini to lay off 10% workforce, says report

US-based crypto exchange Gemini said that it will lay off 10 per cent of its workforce, citing "bad actors" in the crypto industry, the media reported.

ICICI Bank, RBL, Axis, IDFC First raise deposit rates to meet credit growth

Revisions mainly introduced for high-value deposits of Rs 2 cr and above; Continuous rate hikes over time raise concern about sustainability of healthy net interest margins