Page 624 - Finance News

UCO Bank reports Rs 960-crore loss before tax in December quarter

Gross non-performing assets as a percentage of lending stood at 19.45 per cent at the end of Q3FY20

Monetary Policy focused on improving rate transmission: RBI bosses

Das also clarified that at the moment there is no plan to monetise government deficit

DBS, Capri Global among suitors for cash-strapped Lakshmi Vilas Bank

LVB's financials deteriorated to 5.56 per cent capital adequacy and 21.25 per cent gross NPA ratio in the September 2019 quarter

India should double credit growth to 15% for $5 trn economy by '25: Bankers

The country has recorded high double-digit credit growth in the past and is capable of achieving similar growth now as well, they added

Monetary policy review: RBI adopts a new liquidity management framework

The central bank also withdrew daily fixed rate repo and four 14-day term repos every fortnight being conducted presently

RBI may cut rate only after retail inflation eases to 5%, says expert

The thrust of RBI's announcements was towards altering the liquidity and macro-prudential frameworks to ensure better monetary policy transmission

High inflation restricts RBI from choosing non-rate tools to support growth

Earlier, the RBI decided to hold rates as widely expected and affirmed to stick to the accommodatory stance for as long as it is required to boost growth

UCO Bank Q3 net loss narrows to Rs 960 cr; ratio of bad loans remains high

The Kolkata-based bank had reported a net loss of Rs 998.74 crore during the corresponding October-December period of the previous fiscal year

United Bank of India posts PBT of Rs 129 crore in Q3, gross NPA at 15.48%

The gross NPA of the bank as a percentage of total lending stood at 15.48 per cent

Bankers, analysts welcome RBI's liquidity boosting policy measures

The market has taken the long-term repos worth Rs 1 trillion as the biggest developmental and regulatory step that came out of the blue, analysts said

Hike in deposit insurance cover will not hit banks' balance-sheets: RBI

After the failure of many co-op banks, the budget allowed the Deposit Insurance and Credit Guarantee Corporation (DICGC) to raise deposit insurance coverage to Rs 5 lakh from Rs 1 lakh

Merger process major challenge for PSBs in near future: SBI Chairman

In August last year, Finance Minister Nirmala Sitharaman had announced merger of 10 banks

RBI policy: Repo rate unchanged at 5.15%; FY21 GDP growth projected at 6%

The committee voted 6-0 in favour of the status quo on the interest rates.

Rs 1 trillion repos to help better monetary policy transmission: RBI

The RBI has cumulatively cut the repo rate by 135 basis since February 2019 to a nine-year low of 5.15 per cent

Post Budget proposals, analysts see RBI holding rates in February MPC meet

Following the November print of 5.54%, RBI had sprung a surprise and opted to hold the repo rate at 5.15 per cent. It, however, continued with the accommodative stance as long as it was necessary.

YES Bank picks IDFC Securities, Cantor Fitzgerald, Ambit to raise $2 bn

Cantor Fitzgerald is led by Anshu Jain, the former co-CEO of Deutsche Bank AG

Pay by app: The risks and rewards as Indians chuck cash, go digital

There are 238 digital payment apps to choose from if you still haven't downloaded one for your smartphone

Onus on RBI to do heavy lifting, cut rates to boost growth: HDFC Bank

Going forward, we think that the scales could tip in the favour of growth as soon as inflation prints become more palatable," the report by HDFC Bank's economists said

Cabinet likely to approve mergers of 10 public sector banks into 4 today

This will be the biggest merger exercise of PSBs, which was announced by Finance Minister Nirmala Sitharaman in August 2019

Oriental Bank CEO asks FinMin to give a new name for newly merged entity

If the bank formed after amalgamation is not given a separate name, people would feel that OBC and UBI merged into PNB