Page 548 - Finance News

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

Banks to charge for deposits & withdrawals, Cong says 'Kamar Tod Tohfa'

Customers in some banks will now have to start paying fees for deposit and withdrawal of money.

IDFC First Bank posts Rs 101-cr profit in Q2 on interest income, lower provisioning

The bank on Saturday reported its earnings for the July-September quarter of the current fiscal year

Good news for borrowers: Bank of Baroda cuts lending rate by 15 bps to 6.85%

Bank of Baroda, India's third-largest public-sector bank, announced a reduction in repo-linked lending rate from 7 per cent to 6.85 per cent

Banks step up lending in September as the economy opens up: RBI data

Growth in credit to industry had grown 2.7 per cent YoY in September 2019

RBI launches latest surveys on consumer confidence, inflation expectations

The Reserve Bank has launched the latest round of surveys to capture consumer confidence and inflation expectations of households, which are useful inputs for its monetary policy

Bank lending expanded by over Rs one trillion in Sept: Soumya Kanti Ghosh

Overall credit that month was Rs 71,500 cr from a negative Rs 36,000 cr in August. Hence, effectively credit jumped by Rs 1.07 trillion in Sept, says SBI's chief economic advisor

HDFC Bank offers cashback to merchants to encourage digital transactions

With a view to drive digital payment adoption among the merchant segment, HDFC Bank has launched cashback offers for small and medium-sized merchants across the metro, semi-urban and rural markets

NBFC needs to monitor its rollover risk and interconnected risk, says CEA

CEA Subramanian also suggested a way to solve the problem -- adopt technology and use available data to screen sketchy borrowers

Credit growth to industry nil in Sept, banks pick services sector for loans

Personal loans grew 9.2 per cent year on year in September: compared to 16.6 per cent in September 2019

MFI borrowers to benefit from ex-gratia payment of interest scheme

Thousands will benefit from the scheme for grant of ex-gratia payment of the difference between compound and simple interest for six months to certain categories of borrowers, an official said

NBFCs need to follow measures to ward off risks, monitor lending: CEA

NBFCs need to follow prudential measures to ensure that risks do not mount and be vigilant about the quality of lending in these difficult times, Chief Economic Adviser K V Subramanian said