Page 629 - Finance News

There's a standard process for senior appointments like Shikha Sharma: Axis

This comment comes after RBI asked Axis Bank to reassess the veteran banker's 4th term as CEO

New MD and CEOs for Bank of Baroda, Bank of India and Canara Bank

The government has appointed Sanjiv Chadha as the new managing director and chief executive of Bank of Baroda

Kotak Mahindra Bank Q3 consolidated PBT rises 6.3%

One-time pension charge, higher provisioning impact profits

$5 trillion economy target needs doubling of banking credit: SBI chairman

At present, the Indian banking credit outstanding is nearly Rs 99 trillion

It's divided house at RBI over new oversight cadre; board meet on Feb 15

Most officers want to opt out; issue to be taken up at central board meet

HDFC Bank's Q3 PBT up 15.6% to Rs 9,901 cr; provisions rise by 37.6%

The specific loan loss provisions in the current quarter include one-offs of approximately Rs 700 crore, primarily relating to some corporate accounts

HDFC Bank Q3 net profit rises 33% to Rs 7,416 cr on higher interest income

Total income rose to Rs 36,039 crore during the December quarter against Rs 30,811.27 crore in the year-ago period, HDFC Bank said in a statement.

RBI should act as lender of last resort, provide liquidity to NBFCs: SBI

The NBFC sector has been impacted since August 2018 after the collapse of infrastructure lender IL&FS

The 'insider' on monetary policy: Meet Michael Patra, the new RBI Dy Guv

Patra wrote the monetary policy framework, which targets flexible inflation targeting, and is the basis of the six-member MPC in which Patra is a member

Federal Bank elevates Shalini Warrier to the post of executive director

Warrier has been the chief operating officer of the bank since November 2015, and also holding the additional responsibility of business head of retail banking since May 2019.

IDBI Bank to meet RBI this week, seek removal of restrictions under PCA

The PCA norms trigger if a bank's net NPA crosses 6 per cent or if CRAR (capital to risk weighted assets) is below the regulatory requirement of 10.88 per cent as of March 2019.

A $23 bn manager is betting on India's struggling real estate sector

Developers in India are struggling as loans become harder to get from non-bank lenders whose own funding is drying up

Banks unanimous in seeking one-time loan restructuring for realtors

State Bank chairman Rajnish Kumar said if there is scope for restructuring, then one should do it

RBI mulls one-time rollover loan recast of select real estate firms

Real estate industry associations - CREDAI and NAREDCO have been seeking this one-time rollover

As builders focus on building cheaper apartments, home sales jump in Mumbai

Sales in Mumbai rose 22% in 2019 even though a persistent credit crunch and economic slowdown curtailed recovery in India's housing sales across top seven cities

NBFCs' asset quality deteriorates, delinquency rate rises by 50 bps in Q3

In the consumer credit segment, delinquencies have gone down in automobile loans by 22 bps and in personal loans by 5 bps

Michael Patra gets monetary policy dept in new role as RBI deputy guv

All these departments, in the past six months, were being managed by the three deputy governors

Now, switch on/off your card for online payment, set transaction limits

Facilities can be activated only when the customer specifically requests for it

Bank employee unions to go on nationwide strike on Jan 31, Feb 1

After the two-day strike, bank unions are planning to hold a three-day strike from March 11 to 13 and indefinite strike from April 1 onwards

Making efforts to financially strengthen bank further: Yes Bank

The bank has asked its customers not to pay heed to rumours about its financial health