Page 356 - Finance News

DCB Bank Q2 profit jumps 73% to Rs 112 crore on reduction in bad loans

Net interest income increased to Rs 411 crore as against Rs 323 crore in the same period of the previous fiscal

Bank of Baroda's Q2 net jumps 58.7% aided by rise in NII, dip in provisions

Provisions of the lender declined 41 per cent YoY to Rs 1,628 crore in Q2FY23.

Borrower can't claim extension of time under OTS as matter of right: SC

The apex court said the borrower has to establish any right in its favour to claim the extension as a matter of right.

Bank of India to raise up to Rs 2,500 crore by issuing AT-I bonds

State-owned Bank of India on Friday said it will raise up to Rs 2,500 crore by issuing bonds

IPPB revises charges for Adhaar enabled payments; here all you need to know

The India Post Payments Bank has increased charges for the Aadhaar Enabled Payment System service. The revised AePS Issuer transaction charges will be effective from December 1, 2022

Banks' loans rise 17.9% YoY in two weeks to Oct 21, deposits up 9.5%: RBI

Bank deposits fell Rs 601.16 billion to Rs 172.04 trillion rupees in the two weeks to Oct 21

DCB Bank raises MCLR rates across tenors by 27 basis points to 10.23%

The benchmark one-year MCLR rate will be priced at 10.23% from Saturday against the existing rate of 9.96%

Axis AMC eyes Rs 200 crore from new state securities-focused fund

The open-ended target maturity index fund will invest in the constituents of the Nifty SDL September 2026 index, the fund house said in a statement on Friday

For first time in decades, cash in circulation dips in Diwali week: Study

Technology changing how Indians make payments; trend will help monetary transmission: SBI Research

HDFC retail loan demand at 8-year high, standalone net profit rises 18%

Shifted from quarterly reset for individual loans to monthly one

RBI's MPC meets to draft letter to govt on missing inflation target

The meeting was chaired by RBI Governor Shaktikanta Das and attended by all the other five members of the rate setting panel

YES Bank to transfer Rs 48,000 cr stressed loans to JC Flowers by end Nov

Lender said in July gross NPA ratio would dip below 2% after transfer to asset reconstruction company

Bank of India Q2 net income falls 10% to Rs 960 cr on higher provisioning

Another reason for the fall in the bottom-line is the higher interest outgo, which rose from Rs 6,000 crore to Rs 6,414 crore

BOI Q2 net down 8.65% YoY on rise in provisions for standard assets

Earnings, asset quality profile improve for public sector lender

Bank of England makes biggest rate hike in 30 years to beat inflation

The rate increase will likely be the Bank of England's eighth in a row and biggest since 1992

Rate setting panel meets to draft report on missing inflation target: RBI

It was the first time since the monetary policy framework came into effect in 2016 that RBI had to give an explanation to the government

Unprofitable, growing bad assets: The tale of existential crisis at RRBs

They are mostly loss-making, with growing bad assets so the agricultural sector prefers commercial banks

Indian Bank Q2 net up 13% to Rs 1,225 cr as provisions for bad loans fall

The lender had fresh slippages to the tune of Rs 2,379 crore during Q2FY23, down from Rs 3,952 crore in the year- ago period

UCO Bank Q2 net rises 145% to Rs 504 crore, gross NPA declines to 6.58%

UCO bank restructured MSME accounts 25,255 with an outstanding amount of Rs 1433.70 crore as on September 30, 2022

DBS Bank India seeks three-fold jump in gold loan portfolio in 5 yrs: Exec

Lender's amalgamation with Lakshmi Vilas Bank expanded its reach in South India