Page 592 - Finance News

Not offering any emergency loan through YONO platform, clarifies SBI

SBI, however, said it is in the process of introducing a pre-approved personal loan offering through YONO to provide relief to its salaried customers during Covid-19 crisis

ICICI Bank pre-tax profit up 82% in Q4; provides heavily for Covid-19

Excluding covid-19 related provisions, the profit after tax of the bank would have been Rs 3,260 crore

Large stimulus may attract sovereign rating downgrade, say experts

Debt of Centre and states combined is over 70% of GDP already; country is currently just a notch above junk

Lockdown 3.0: Banks may need more regulatory support amid Covid-19 crisis

With credit cost expected to increase by 200-350 bps across banks, asset quality may deteriorate to FY18 levels

Rs 411-crore fraud: SBI approaches CBI as three loan defaulters flee India

Besides SBI, other members of the consortium that has been cheated are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank

Covid-19 impact: SBI Cards' pre-tax profit dips 71% to Rs 112 cr in Q4 FY20

Had it not been for Covid-19 impact, the company would have reported a sharp 80 per cent year-on-year jump in its pre-tax profit to Rs 692 core.

PNB Housing Finance cuts lending rates by 15 bps for existing customers

The company offers its retail customers housing and non-housing loans

Bigger rise in cash in circulation in Jan-Apr than entire 2019: RBI

The rise in currency in circulatiom is perplexing when economic activity has nosedived. Generally, CIC should rise in tandem with growth in economic activities, as people need cash to transact

Covid-19 crisis: It's time for concrete revival plan, says SBI chairman

Rajnish Kumar said, "a certainty on regulatory stance, and support that may be coming from the government, is required as we are now in the exit phase of the lockdown."

YES Bank auditor red-flags multiple breaches of RBI's norms in FY20

Bank sets aside Rs 334 cr for expected penalty for SLR breach

RBL Bank's pre-tax profit declines 58% in Q4 over higher provisioning

The bank saw a healthy growth of 37 per cent in its operating profit at Rs 765 crore compared to Rs 560 crore a year ago.

SBI cuts lending rate by 15 bps, launches scheme for senior citizens

The State Bank of India (SBI) has introduced a special deposit scheme for senior citizens with a higher interest rate

Public sector banks sanctioned Rs 5.66 trn in loans during March-April: FM

During March-April 2020, PSBs sanctioned loans worth Rs 5.66 lakh cr for more than 41.81 lakh accounts

Microfinance institutions on a knife-edge with collections taking a big hit

With collections taking a big hit, microfinance institutions will be put through the wringer, reports Raghu Mohan

YES Bank posts Rs 4,766-crore pre-tax loss in Q4; gross NPAs at 16.8%

The lender had psoted a pre-tax loss of Rs 2,338.31 crore in the same quarter of previous financial year

Covid-19 impact: Loss of fee income likely to add to lenders' woes

Muted lending and subdued cross-selling amidst extended lockdown to hurt fee income and earnings

SBI to grant moratorium to NBFCs on case-by-case basis amid Covid-19 crisis

Considers 25 fresh credit proposals from shadow banks

Covid-19: PNB opens emergency credit line for MSMEs to enhance liquidity

There is a facility of standby line of credit for MSMEs as well as PNB COVID-19 Emergency Credit Facility (PNB-CECF), the bank said

Delinquency in credit card industry improved by 5 bps in 2019: Report

The outstanding portfolio of private banks in the credit card space has increased by 59 per cent year-on-year while other issuers saw a 20 per cent growth in 2019 over 2018.

Delinquencies in the credit card industry improved by 5 bps in 2019

Private banks put up a better show than other card financiers