Page 572 - Finance News

More strong recovery steps like Anil Ambani group in order: YES Bank

Bank says will dispose properties in many other cases as well, but does not elaborate on borrowers against whom such action is underway

SIDBI, TransUnion CIBIL launch financial knowledge platform for MSMEs

The portal will have a consolidated list of all the schemes launched by the Centre and state governments for MSMEs

RBI is ahead of the curve; govt and bureaucracy behind: Viral Acharya

In an interview with Tamal Bandyopadhyay, Acharya says why some weak public sector banks should be "re-privatised" and foreign banks should be allowed a larger play

Covid provisioning knocks off 27% of private banks' profit in Q1

While the banks are additionally providing towards the pandemic, analysts believe credit cost to remain elevated

Imperative for banks to expand balance sheets: India Ratings report

The RBI's conscious steps to reduce the repo rate have also lowered the marginal cost of fund-based lending rate across banks, ratings agency said

NBFCs' AUM to shrink this year: A first in two decades, says CRISIL

Disbursements across segments are expected to fall by 50-60 per cent as the adverse impact Covid-19 pandemic plays out

Punjab National Bank's UK unit wins court battle over unpaid loans

The case by the UK subsidiary of PNB is seen as a landmark decision for similar cases involving wilful defaulters who are residing in or have assets in the UK

ICICI Lombard eyes Bharti AXA General Insurance in Rs 2,800-crore deal

Bharti Enterprises currently owns 51 per cent stake in Bharti AXA General Insurance

Govt stands behind financial sector for India's growth, says PM Modi

Banks, NBFCs give lowdown on credit flow to PM; present ideas on financial inclusion, housing finance

Modi meets heads of banks, NBFCs, bats for lending to productive sectors

According to sources, the importance of the financial sector in achieving the objective of 'Atmanirbhar Bharat' or self-reliant India was highlighted during the meeting.

YES Bank issues possession notice for RInfra headquarters, other assets

Move triggered by RInfra's failure to repay Rs 2,892 cr debt; Properties include firm's HQ in Mumbai's Santa Cruz East, two floors in Nagin Mahal, Churchgate

B Ramesh Babu takes over as MD and CEO of Karur Vysya Bank for three years

Babu comes with 40 years of experience in banking, covering various facets of banking in different geographies in India and abroad at SBI

Punjab National Bank raises Rs 994 cr by issuing Basel III compliant bonds

The issue opened on July 27 and closed on July 29, PNB said

Banks need to expand balance sheets, revive credit offtake: Report

The RBI's conscious steps to reduce the repo rate have also lowered the marginal cost of fund-based lending rate across banks, ratings agency India Ratings and Research said

Bank of India directors to consider raising funds on August 3, shares surge

Shares of the bank surged after the announcement. At 12.05 p.m., its shares on the BSE were trading at Rs 47.20, higher by 3.17 per cent from the previous close

Loans under moratorium to dip below 10% by August end, says IDFC First

Private lender posted profit before tax of Rs 127.54 crore in the quarter ended June 2020 (Q1Fy21)

PM Modi to hold review meeting with banks, his first since Covid outbreak

Agenda not known yet, but meeting via video conferencing likely to be on credit flow especially to MSMEs

IndusInd Bank Q1 net profit falls 68% to Rs 461 cr on higher provisioning

The net NPAs, however, showed improvement as it fell to 0.86 per cent of the net advances by the end of first quarter FY21

IDBI Bank posts Q1 PBT of Rs 438 cr against Rs 5,381 cr loss a year ago

Rise in net interest income, dip in provisioning drive better numbers; net profit at Rs 144 cr in Q1FY21, versus Rs 3,800 cr loss same quarter last year

Yes Bank net profit declines 60% to Rs 45 cr in April-June quarter

The private sector lender had posted a net profit of Rs 113.76 crore in the same quarter previous fiscal