Page 537 - Finance News

PNB to raise Rs 7,000 crore through QIP by December this year

Bank receives fewer proposals for restructuring than expected as companies fear impact on ratings

Indian private banks shed Covid-19 woes, net profit rises by 159%

NII jumps 15 per cent as provisions fall 4 per cent, shows BS analysis of 17 listed private lenders

Scam-hit PMC Bank invites EoI from potential investors for reconstruction

Fraud-hit Punjab and Maharashtra Cooperative Bank on Tuesday invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction

RBI looking to diversify investment options for forex reserves: Report

The RBI is likely to increase its gold investments, as well buying dollars and exploring investing in AAA-rated corporate bonds for the first time

No increase in service charge by public sector banks: Finance Ministry

Bank of Baroda decided to withdraw changes made with regard to the number of free cash deposit transactions in a bank account per month

Growth or Margin? Life insurers' conundrum in the September quarter

Strong premium income growth of SBI Life and HDFC Life in Q2 cements the Street's conviction, and at 27.4% VNB margin I-Pru Life surprises investors

Muthoot Finance net profit rises 2.5% to Rs 931 cr in September quarter

The company had posted a net profit of Rs 908.54 crore in the same quarter of previous fiscal year

Ubs Principal Capital Asia sells IndusInd Bank shares worth Rs 148 cr

Ubs Principal Capital Asia Ltd on Tuesday sold shares of IndusInd Bank worth nearly Rs 148 crore through an open market transaction

Tamil Nadu tops Indian states in new investments in H1FY21: CARE Ratings

State grabs 16% of funds coming into India during the period, or about Rs 20,000 cr

Bank of Baroda withdraws order reducing free cash transactions

The government said that none of the state-owned banks proposed to raise bank charges in the near future in view of the Covid-19 pandemic

PNB eyes Rs 7,000 crore from QIP in Dec, credit growth to be less than 5%

Punjab National Bank (PNB) on Tuesday said it is planning to raise Rs 7,000 crore through share sale next month to shore up its capital base for meeting business plan

Bandhan Bank Q2 net profit falls 5% to Rs 920 crore; NII rises 26%

Asset quality of the lender has improved both sequentially and year-on-year.

PNB Housing Finance set to prune corporate loan book by Rs 1,500 cr

There was a sell down and accelerated pre-payment of Rs 477 crore in the corporate book

RBI temporarily postpones circular on current account till December 5

As part of its monetary policy on August 6, it said no bank can open current account for a customer who has availed cash credit or overdraft from other banks

ICICI Bank: Optimistic commentary, rising share of retail loans augur well

Q2's Net NPA at 1 per cent is the best since FY16; margin for error on asset quality may be very limited

Bank Nifty posts biggest gain in 5 months, offsets Reliance losses

Catch-up rally in banking stocks on better-than-expected Q2; analysts expect the momentum to sustain

Banks' compliance limit with new norms for existing current a/cs extended

Current accounts are widely used by businesses for their daily activities

City Union Bank reports 18.5% drop in Q2 profit at Rs 157.7 crore

Net interest income up 15.4% to Rs 475.2 crore, improvement in NPA position

Banks told to credit 'interest on interest' to borrowers, RBI tells SC

Banks, financial and non-banking financial institutions have been asked to take "necessary actions" to credit into the accounts of eligible borrowers by November 5, RBI has told the Supreme Court.

UPI transactions surpass 2-billion mark in October on festive boost

The transactions, which had crossed the one-billion mark in the first 15 days of the month, amounted to Rs 3.86 trillion in October