Page 457 - Finance News

Bank of Maharashtra Q2 net up 103% to Rs 264 cr on robust interest, income

The state-owned bank's net profit rose 102.7 per cent YoY to Rs 264 crore from Rs 130 crore

IDBI Bank Q2 net profit surges 75% to Rs 567 cr; NIM improves

Its stock was down by 2.03 per cent to Rs 55.6 per share

South Indian Bank reports Q2 net loss of Rs 187 crore on higher bad loans

The bank declared an operating profit of Rs 111.91 crore for the Q2 FY 22 as against Rs 390.94 crore for the Q2 FY21

Subscription to sovereign gold bond to open on October 25

The next tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from October 25, the finance ministry said in a statement on Thursday

BoM Q2 net profit doubles, writes-off Srei's Rs 550-cr exposure

The bank's asset quality profile showed an improvement with gross NPAs declining to 5.56%

PSBs may get capital support in Q4 to meet regulatory requirements

The capital position of banks will be reviewed in the next quarter for infusion requirement

New recurring payment norms: 20 days later, people still face disruptions

Many banks, merchants not fully compliant yet despite extension of deadline

Govt appoints seven executive directors for public sector banks

Many of these executives, in their early 50s, who stand to serve a full five-year term, will be eligible for extension

PSU banks likely to get capital support in Q4 to meet regulatory needs

The government is likely to pump capital in public sector banks during the last quarter of the current financial year to meet the regulatory requirements

IDBI Bank reports 75% jump in net profit to Rs 567 crore in second qtr

The LIC-controlled bank had earned a net profit of Rs 324 crore in the same period (July-September) of the last fiscal.

HDFC Bank, Mastercard, USAID commit $100-mn credit facility for small biz

The new credit facility aims to expand lending to small businesses in India that need financing to maintain and grow their operations, says HDFC Bank

Banks' microloan portfolio contracts 7% to Rs 2.36 trillion in June quarter

The quarterly decline in gross loan portfolio (GLP) was seen across all lender types, including commercial banks, finance companies

YES Bank to take 2 more years to stabilise, says former SBI chief

In his book titled 'The Custodian of Trust', Rajnish Kumar said that SBI was reluctant to play the lender of last resort role for YES Bank but circumstances compelled it to rescue the private lender

RBI penalises Paytm Payment Bank and Western Union Financial Services

RBI imposed a monetary penalty of Rs 1 crore on Paytm Payments Bank

Gross NPAs of banks may decline to 6.9% by March 2022: Report

Gross non-performing assets (NPAs) and net NPAs of banks are likely to decline to 6.9-7 per cent and 2.2-2.3 per cent, respectively, by the end of March 2022

Govt to soon reach out to potential buyers of debt-laden IDBI Bank

The Centre, through its advisors, will share the strategic sale plan with investors, and how the deal is expected to be structured, an official said

Industry's share in bank loans at record low of 26%, shows data

Personal loans, including housing, now at 26.7% of bank credit, highest ever

Auditor resignations continue to trickle in with 15 exits since April

On average, one auditor of a listed company has prematurely resigned every two weeks this financial year; pace seems to have picked up in September with 5 departures

Jet Airways was one of the toughest assignments as SBI chief: Rajnish Kumar

In his book titled 'The Custodian of Trust', Kumar said SBI board wanted letter of support from govt before approving Jet Airways resolution plan

Moody's upgrades outlook on Indian banking from 'negative' to 'stable'

The deterioration of asset quality since the onset of the Coronavirus (Covid-19) pandemic has been moderate, and an improving operating environment will support asset quality, said Moody's