Page 575 - Finance News

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

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