Page 571 - Finance News

Moody's upgrades YES Bank to B3 on equity infusion; outlook stable

Successful equity raising showcases lender's regained access to external market funds, which is a result of its improving financial strength, the agency says

Shortest ruling 10-year benchmark bond ever: Changes within three months

Bond dealers say such quick benchmark setting can create some confusion in the markets on rate setting

Bandhan Bank says meets all licensing norms with promoters' 21% stake sale

Bandhan Financial Holdings, the holding company of the bank, sold nearly 337.4 mn shares at a minimum of Rs 311 apiece to raise Rs 10,500 cr

RBI's draft code on governance: Pvt bank CEOs likely to get 15-year tenure

It could be applicable to both promoters and professionals, if allowed by the RBI

Dhanlaxmi Bank Q1 profit tumbles 69% on higher bad loan provisioning

Private sector Dhanlaxmi Bank on Monday posted a 69 per cent decline in its net profit at Rs 6.09 crore for the first quarter ended June 2020 due to higher provisioning.

Covid-19 impact: HSBC warns loan losses could hit $13 bn as profit dips 65%

The bank reported a pre-tax profit of $4.32 billion for the first six months this year, lower than the $5.67 billion average of analysts' forecasts

Bank of India Q1 net profit rises three-fold to Rs 844 cr as bad loans ease

The total income during the period under review increased to Rs 11,941.52 crore, from Rs 11,526.95 crore in the year-ago period

RBI monetary policy: As economic contraction looms, majority see rate pause

Contracting economy, rising bond supply, inching up of long-term rates reduce prospects of successive rate cuts

Cut stake in top public sector banks to 51% in 12-18 months: RBI to govt

Proposal to prune stake to 51% in six banks may fetch over Rs 43,000 crore

Red lights flashing in PSBs make fresh equity injections imperative

Fresh equity injections have become significantly more imperative, as economic recovery remains shaky due to continued acceleration in new coronavirus cases

How a one-time loan recast policy may lead to a spate of litigation

The management committee of the Indian Banks Association feels banks should be given the discretion to decide how the recast is to be customised and the eligibility criterion

Efforts to cut bad loans to come out of PCA framework: Indian Overseas Bank

IOB, which is under the Reserve Bank of India's PCA framework, had last posted profit in June 2016

Bandhan Bank to IDBI Bank: 5 bank stocks that investors are betting on

With new strategies in place, the coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank

After two profitable quarters, UCO Bank ready to come out of PCA framework

In May 2017, the central bank had initiated PCA against the lender due to high non-performing assets and negative return on assets

SBI profit up 81% in June quarter to Rs 4,189 cr, moratorium down at 9.5%

A one-time gain of Rs 1,540 crore from the stake sale in its life insurance subsidiary and robust interest income were the key factors for the rise in profits Q1FY21

June retail credit grows Rs 11,518 crore after shrinking for 2 months

Outstanding loans to SME remained flat at Rs 3.52 trillion in June, compared to May

RBI unlikely to cut repo rate in August policy meet, says SBI report

The MPC, headed by RBI Governor, is scheduled to meet for three days beginning August 4

Need to divest stakes in PSBs in graceful manner, says Viral Acharya

Acharya said that because the RBI does not distinguish in its rules between public and private sector banks it is forced to adopt weaker standards for the system as a whole

Ujjivan Small Finance Bank Q1 net profit dips 41% on higher provisioning

The bank had reported a profit after tax of Rs 94 crore in the same quarter of previous fiscal.

Moratorium burden easing as Indian economy limps back to normalcy

Agents are now able to pay visits for recovery, and also the economic situation has not turned as dire as feared