Page 657 - Finance News

PMC Bank to be 'up & running' in a month's time: EOW assures Sanjay Nirupam

The former MP said the current account transactions at the bank will start "soon"

Syndicate Bank posts Rs 251-cr Q2 profit, versus Rs 1,543-cr loss last year

The bank's provisioning for bad loans and contingencies came down to Rs 639 crore during the quarter as against Rs 2,217 crore in the same period a year ago

Seven candidates shortlisted for RBI deputy guv post, interview on Nov 7

At present, there are three deputy governors - N S Vishwanathan, B P Kanungo and M K Jain

Yes Bank gets $1.2 bn binding offer from a global investor for a stake sale

The Mumbai-based lender jumped 24% at the 3:30 p.m. close in Mumbai on Thursday following the announcement

Investment banking fees up 6% in 2019 over higher fees in debt segment

Debt capital market underwriting fees totalled $201.2 million, up 108.7 per cent from a year ago - the best-ever first three quarters since records began in 2000

United Bank of India posts Rs 124-cr net profit in September quarter

The Kolkata-based bank had reported a net loss of Rs 883 crore in the same quarter last year

Loans disbursed by NBFCs remain under stress, says CIBIL report

NBFCs have played a key role in consumer credit growth over recent years

Post-merger preparations: PNB seeks time to offload stake in insurance JV

Union Bank holds around 46 per cent stake in Star Union Dai-ichi Life Insurance and Andhra Bank is a part of IndiaFirst Life Insurance with 30 per cent stake

RBI's promoter shareholding norm: HDFC buys 9.89% stake in Bandhan Bank

9.89% stake of the total share capital of Bandhan Bank has been alloted to HDFC Ltd

UBI profit rises to Rs 124 crore in Sep quarter on lower dud loans

The Kolkata-headquartered bank had posted a net loss of Rs 883.17 crore in the July-September period of 2018-19

US Fed cuts key rate by 25 bps, but signals pause in its easing cycle

The Fed said it will 'monitor the implications of incoming information for the economic outlook as it assesses the appropriate path' of its target interest rate

ICICI Lombard, Karur Vysya Bank tie up for sale of insurance products

The association will provide the bank's customers access to the insurer's portfolio and make insurance more accessible to its customers across India

Canara Bank to issue shares to govt in lieu of Rs 6,571-cr capital infusion

The shareholding of the government in the bank will go up to 78.52% after the issue, from 70.62% currently.

Bandhan Bank fined Rs 1 crore for not bringing down promoter stake

The private lender was supposed to bring down the shareholding of its non-operative financial holding company

IDFC First Bank progressing on its promises after performance lull

Reasonable improvement in deposit accretion and sharp increase in profitability are the key achievements in Sept quarter

Central Bank to raise Rs 3,353 cr via preferential equity allotment to govt

Shares of Central Bank of India closed 1.70% higher at Rs 17.95 apiece on the BSE

RBI fines Bandhan Bank for not reducing promoter shareholding to 40%

The penalty has been imposed in exercise of powers vested in the RBI under the provisions of the Banking Regulation Act, 1949

IOB puts Jai Balaji Industries' Rs 187-cr NPA account up for sale

The bank said this is the first lot of non-performing asset accounts to be sold during the ongoing quarter of the current financial year.

Assure our money is safe, revive PMC Bank: Depositors urge RBI

The PMC Bank has been put under restrictions by the RBI after an alleged fraud of Rs 4,355 crore scam came to light

Top banks' asset quality pains are easing, show July-September earnings

Results of SBI, ICICI Bank and Axis Bank indicate respite in formation of fresh bad loans; resolution and recoveries will be important for the trend to sustain