Page 656 - Finance News

Bombay HC asks RBI what it has done to protect PMC bank depositors

It directed the RBI to file its affidavit and posted the matter for further hearing on November 19

Dear YES Bank, the loose talk isn't helping. Just close this rescue soon

This everyday excitement is unhelpful. It would be nice to have YES's board approve a concrete fundraising offer

Every 'torpedo' fired hit us: YES Bank on stressed loans situation

Gill exuded confidence that the bank does not see any jump in this book in the future, but conceded that it was keeping a similar outlook earlier as well.

Explained: Why asset quality is a never-ending issue at YES Bank

With elevated credit cost guidance and addition to stressed assets, share under pressure; faster than anticipated capital infusion seems critical

Three banks report divergence in bad loans a day after Sebi directive

or LVB, the net loss widened to Rs 1,006 crore from Rs 894 crore.

Bank of India reports profit before tax of Rs 400 crore in Sept quarter

Net profit stood at Rs 266.4 crore compared to a loss of Rs 1,156.3 crore in Q2 of 2018-19.

YES Bank gets $3-bn offer from investors including PEs and domestic MFs

The bank is in dire need of capital to not only provide for bad assets but also for growth

Indian Bank reports Rs 1,004-crore divergence in provisioning for bad loans

The bank had reported a provisioning of Rs 6,131.86 crore for non-performing assets, while the RBI had assessed provisions of Rs 7,135.85

LVB non-independent director Anuradha Pradeep resigns from board

Lakshmi Vilas Bank was placed under the RBI's PCA framework due to high level of bad loans, lack of sufficient capital to manage risks and negative return on assets for two consecutive years

'Call' buyers gain big as YES Bank rallies on news of investment offer

On Thursday, option premium for Rs 65 contract was up 270 times at day's high

Bank of India posts Rs 266 crore profit in Q2, eyes 10% growth in FY20

The bank had posted a loss of Rs 1,156.25 crore in the July-September quarter last fiscal.

RBI rejigs departments for better supervision, regulation of banking sector

The development follows the RBI's central board decision to create separate supervisory and regulatory cadre

YES Bank posts net loss of Rs 629 cr in Sept quarter as bad loans spike

The private sector lender had posted a net profit of Rs 951.47 crore in the corresponding period of the previous fiscal

Karur Vysya Bank's Sept quarter PBT declines 55% to Rs 66 cr, NPAs rise

The lender's total income grew 11.2% to Rs 1,815 cr during the quarter, from Rs 1,633 cr a year ago

Abhijit Banerjee's idea of privatisation won't end PSBs' NPA woes: Unions

Instead, the unions said, ensuring 'proper governance in the system' and 'removing political interference' will address the problem of NPAs

India should launch bullion banking to boost industry, suggests WGC

The market potential for bullion banking in India, according to the council, has an estimated value between $300 million and 500 million

Festive season pushes retail lending in Sept to 16.6% from 15% a year ago

Consumer durable and housing loan accelerated the most, service sector witnesses a sharp fall in the credit growth rate

Irdai asks insurers to give details on exposure to DHFL, IL&FS, ADAG

All the four entities, for which data was sought by Irdai on October 9, have been downgraded by credit rating agencies recently

Higher margins, lower credit costs to propel SBI's return on assets by FY21

While the bank believes higher margins and lower credit costs will propel its return on assets by FY21, some analysts expect NPAs may remain elevated

YES Bank gets $1.2-bn binding offer from global investor, stock rallies 24%

This was the third-biggest single-day gain for the stock - it zoomed 33 per cent in early October and 30.7 per cent in mid-February