Page 346 - Finance News

IDBI Bank's proposed stake sale likely to run into regulatory hurdle

Sebi raises concern over low public float in the lender

SBI Card Q2 net profit jumps 52% to Rs 526 crore on low provisions

Impairment losses and bad debts declined 8 per cent YoY to Rs 546 crore, but increased 21 per cent sequentially

Tamilnad Mercantile Bank's Q2 net rises 37.15% to Rs 262.3 crore

TMB's NII was up 15.6 per cent YoY in Q2FY23 at Rs 508.16 crore

Explained: Mahatma to Mangalyaan, how currency notes evolved in India

Delhi's Chief Minister Arvind Kejriwal said that efforts to make India wealthy would only bear fruit with blessings from gods and goddesses.

Inflation above target: MPC to meet on Nov 3 to discuss response to govt

The announcement notifying an additional meeting of the MPC has been made as per Section 45ZI (4) of the RBI Act 1934, the RBI said on Thursday

Deadline for filing TDS for non-salary transactions extended till Nov 30

The Central Board of Direct Taxes on Thursday extended the deadline for filing quarterly TDS statement in Form 26Q for the June quarter by a month till November 30

FinMin extends query submission deadline for IDBI stake sale till Nov 10

After the stake sale, the government's and LIC's stake jointly will come down to 34 per cent, from currently 94.72 per cent

PNB Housing Finance net profit rises 12% at Rs 263 crore in Sept quarter

Total income increased to Rs 1,683.43 crore from Rs 1,586.41 crore in the same period of 2021-22, PNB Housing Finance said in a regulatory filing

After a good ride, tide turns for low-cost CASA in September quarter

The share of CASA saw a slight rise to 56.27 per cent in September 2022 from 56.08 per cent in June 2022 and 53.91 per cent a year ago

Private banks' net profit soars on healthy loan growth, higher margins

NIMs expanded as banks hiked rates on lending faster than those on deposits

J&K Bank to complete transfer of Rs 960 cr NPAs to NARCL by October-end

Jammu and Kashmir Bank will put up for sale non-performing assets to the tune of Rs 960 crore, as part of its efforts to improve its balance sheet, sources in the bank said.

Russia's VTB Bank opens 'vostro' account in India for rupee-based trade

Russia's No.2 lender VTB said it had opened a special "vostro" account at its Indian branch that would allow for the more active use of Indian rupees in payments under import and export contracts

Dhanlaxmi Bank gets legal breather in fresh twist to tussle for board seat

Kerala HC on Tuesday ruled in favour of the bank on the issue of writ petitions filed by four persons demanding board positions

Utkarsh Small Finance Bank gets Sebi's go ahead to float Rs 500-crore IPO

The lender may consider issue of securities aggregating up to Rs 100 crore in a pre-IPO placement round

Kotak Mahindra Bank may get added to FTSE index in March semi-annual recast

Sustained selling by FPIs increases investment legroom to 22% at the end of September 2022 quarter

Subprime borrowers must keep credit utilisation ratio under check

They must also avoid applying for too many loans within a short span

Centre unlikely to infuse any capital into the PSBs in FY23: Report

Between FY16 and FY21, the government infused Rs 3.3 trillion into PSBs helping the banks in improving their balance sheets and the capital-to-risk-weighted assets ratio (CRAR)

Bank employees' unions call for restoration of old pension scheme

Submit charter of demand for wage revision as part of 12th bipartite settlement

Crypto is more attractive as US SEC gets aggressive, investors say

Survey respondents also displayed a very broad church of opinions on crypto, emblematic of how despite the sector's relative infamy among traders, it's still a divisive topic

Q2 scorecard: Banks' loan growth outpaces deposits by a huge margin

Banks walk the extra mile to woo depositors