Page 630 - Finance News

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

PMC Bank crisis: Bombay HC forms committee to auction HDIL assets

The Wadhawans shall help the committee in valuation of HDIL's encumbered properties, the court said

Suresh Kishinchand Khatanhar elevated as Deputy MD of IDBI Bank

Khatanhar took charge as DMD on Wednesday, the filing said

YES Bank calls shareholders' meet on February 7 for nod on fundraising

There had been offers from Erwin Singh Braich, Citax Holdings and Citax Investment Group

Bandhan Bank's net profit more than doubles to Rs 731 crore in Q3

Sequentially, net profit declined 24.79 per cent as it registered a profit of Rs 972 crore in Q2

IndusInd Bank's net profit rises 33% to Rs 1,309 crore for Dec quarter

The figure was Rs 985 crore in the same quarter a year before

Digital on-boarding key to retail growth, says Pine Labs' Kush Mehra

Fintech companies will need to design solutions with merchants in focus to encourage faster adoption, he says

Behind large numbers: When will corporate investment cycle fire up?

A more granular analysis of FY19 and FY18 credit data shows that of the 161 and 148 firms which fall in the 'very large accounts' category, 126 firms were common for both the years

Time to act is now! PSBs are fast losing market share to private peers

The truth is - falling market share of state-run banks is not something many will want to comment on record

Inflation expert Michael Patra to be new deputy governor of RBI

Soft spoken, articulate, and celebrated for his disciplined and original research work, Patra is known to take hawkish stance who constantly prefers rate hikes

RBI lifts restriction on Fairfax-backed CSB Bank on opening new branches

The bank, in a regulatory filing on Tuesday said that the regulatory restrictions by RBI on opening new branches, through their letter in January 30, 2015, has been lifted with effect from January 10

PNB appoints EY as consultant for merger with OBC and United Bank of India

"They will study the suggestion of each of the banks. If there are certain areas which need to be harmonized in tune with the industry, they will suggest that"

Bengaluru co-operative bank comes under RBI curbs, blames 62 dud loans

"Your money is 100 per cent safe with Sri Guru Raghavendra Sahakara Bank. It's my responsibility," Ramakrishna said at Sri Guru Narasimha Kalyanamandira auditorium, to assure depositors

Michael Patra appointed deputy governor of RBI for a three-year term

Michael Patra will take over as the fourth deputy governor at the Reserve Bank of India

Banks, bankers may face fines for poor progress over RBI's June 7 circular

The fresh set of guidelines, which will usher in a stricter compliance regime, is in the works and could be in the public domain by end of March

ICICI Bank takes Chanda Kochhar to Bombay HC, demands return of bonuses

The bank is seeking recovery of amounts towards the clawback of bonuses given to her from April 2006 to March 2018 after her termination of services by the bank

Market sees RBI pausing rates for long as retail inflation hits 7.35%

Experts rule out rate cut till April, saying it'll take time for vegetable prices to fall

ICICI Bank moves Bombay HC, seeks recovery of bonuses from Chanda Kochhar

The bank further stated that Kochhar flagrantly violated the ICICI Group Code of Business Conduct and Ethics.

Filing ITR for AY 2020-21? Here're the changes you need to know

The notification of the returns followed Budget announcements making income-tax return filing mandatory for certain persons even if their income was below the taxable limit

Statsguru: Interest rate risks for the Indian economy explained in charts

The Indian economy is expected to expand by 7.5 per cent in nominal terms and lower nominal growth can make debt servicing difficult for the government and private borrowers