Page 456 - Finance News

Axis Bank profit jumps 86% to Rs 3,133 crore in September quarter

Strong fee income, fall in provisions boost bottom line

Banks must be ready for fully convertible capital account: RBI Dy Governor

Under fully accessible route, foreigners can have full access to specified securities; Over time, entire G-sec would be eligible for non-resident investment, says T Rabi Shankar

India Post Payments Bank teams up with HDFC for offering home loans

A Memorandum of Understanding (MoU) on the strategic alliance was signed between IPPB and HDFC Ltd on Monday.

BS BFSI Insight Summit: NBFCs ready to harness growth, says Vishwanathan

Says RBI deserves part of the credit because of strong regulatory framework

BFSI Insight Summit: It's advantage financial sector, say CEOs of top NBFCs

Pie is large and open to all, may even take half a century to reach saturation point when firms can seriously worry about competition, they say at Business Standard Summit

Banks extend Rs 11,168 cr loans in outreach programme during festive season

Public sector and private banks have sanctioned over 193,000 loans via 924 camps in 405 districts from October 16-20, FM Nirmala Sitharaman says in Tweet

HDFC Bank to ICICI, 8 banks recast exposures worth Rs 27,000 cr in OTR 2.0

The country's largest private lender HDFC Bank had the highest share in restructuring at Rs 17,395 crore, followed by another private lender ICICI Bank at Rs 4,156 crore

CCI approves HDFC Bank's acquisition of 4.99% stake in HDFC ERGO

Fair trade regulator CCI on Monday approved HDFC Bank's acquisition of 4.99 per cent shareholding in HDFC ERGO General Insurance Company.

Centrum-Bharatpe JV small finance bank to begin operations shortly

The first branch of Unity Small Finance Bank, joint venture between Centrum Group and Bharatpe, will be up and running shorty from city with Rs 1,500 cr growth capital and a Rs 1,300-cr loan book

ICICI Bank shares zoom 11% after record Q2 profit; m-cap jumps Rs 57k cr

Shares of ICICI Bank on Monday jumped over 11 per cent after the company reported its highest ever quarterly profit on standalone basis at Rs 5,511 crore in the September quarter.

ICICI Bank UK repatriates $200 million capital to parent firm in India

This is not the first time the bank has repatriated capital from its foreign arms

ICICI Bank reports highest ever quarterly net profit of Rs 5,511 cr in Q2

Asset quality of the lender improves; net interest margin rises to 4%

Four-tier scale-based regulatory guidelines for NBFCs from Oct 2022: RBI

Regulator limits IPO financing at Rs 1 cr per borrower

Growth recovering, but external shocks pose biggest risk to prices: MPC

There is a slack in the economy, and the RBI governor expected it to exceed the pre-pandemic level of output only in the third quarter of 2021-22

YES Bank Q2 net up 74% to Rs 225 cr on lower provisions, NII shrinks 23%

The lender will finalise partner ARC in 60 days, transfer NPA by March-end

Federal Bank net profit rises 50% to Rs 460 crore in September quarter

Private sector lender Federal Bank on Friday reported nearly 55 per cent jump in its consolidated net profit at Rs 488 crore for the second quarter of this fiscal ended September 30

RBI announces new scale-based regulatory guidelines for NBFCs

The new framework will have a four-tier structure with only about 25 to 30 of the 9,000-plus NBFCs in the top two tiers with the strictest regulations.

MPC: RBI remains laser-focused to bring back inflation to 4%, says Governor

The central bank has been mandated by the government to ensure the Consumer Price Index (CPI) based inflation is at 4 per cent, with a band of 2 per cent on either side

YES Bank's Q2 net profit rises 74% to Rs 226 cr, asset quality improves

The bank has made prudent provisioning of Rs 336 crore on a single telecom exposure in the latest quarter

UV Asset Reconstruction Company submits bid to buy IFIN's bad loans

Sale to help IL&FS clean its financial services arm book