Page 659 - Finance News

Indian Bank pre-tax profit up three-fold to Rs 593 cr; net NPA pared

Total income up 18%. post-tax profit up 2.5x to Rs 359 cr; one bad loan referred to RBI as fraud

PNB-UBI-OBC merger: Automated HR integration to quell staff discrimination

All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity

UPA never hounded out its RBI chiefs: Chidambaram

We did not abuse RBI governors. We did not let loose people to abuse them and we never forced them to say that they will not seek a second term," says former finance minister

Bank of Maharashtra Q2 net profit jumps over four-fold to Rs 114.66 crore

It reported profit before tax (PBT) at Rs 751.78 crore for the second quarter (Q2) ended September 30 (Q2FY20), down from Rs 794.34

Axis Bank reports Rs 112-cr loss due to one-time tax impact; PBT up 109%

The bank suffered a net loss of Rs 112 crore for the quarter due to a Rs 2,138-crore one-off deferred tax asset

Bank of Maharashtra September quarter net jumps four-fold to Rs 115 cr

The bank had registered a net profit of Rs 27 crore in July-September quarter of the previous financial year

Banks may face capital crunch of $50 billion if NBFC crisis drags: Fitch

The agency said it also pictured a scenario where 30 per cent of banks' property exposure becomes non-performing, due to tight liquidity and weak sales

Kotak Mahindra Bank profit surges

On a standalone level, which represents the banking operations, PBT at Rs 2,100.63 crore was up 20.6 per cent YoY, while net profit was up 51 per cent YoY to Rs 1,724.48 crore

Banks to face capital crunch of Rs 3.5 trillion if NBFC mess drags: Fitch

The stress test examines the potential impact on banks of liquidity pressures in the NBFC sector developing into widespread failures

Podcast: Why RBI wants a risk-based insurance cover model for banks

At present, an individual's aggregate deposits in a bank, including fixed deposits, are insured for up to Rs 1 lakh by DICGC

NBFC crisis: Indian banks could face a $50-billion capital shortfall: Fitch

The weakest, including those with Viability Ratings in the 'b' range, would face heightened solvency risks without capital injections from the government, the rating agency said

FM Sitharaman faces irate PMC Bank depositors, promises legislation

The minister said she will speak to RBI Governor Shaktikanta Das about the interest of the depositors and convey their urgency and distress

PMC case: ED initiates proceedings to attach Wadhawan's UK, UAE properties

PMC's exposure to HDIL is over Rs 6,000 crore

Fourth incident of PMC depositor death, 'had no funds for surgery'

This is a fourth incident of the death of a depositor of the Punjab & Maharashtra Cooperative Bank after the RBI appointed administrator on the city-headquartered lender

PMC Bank depositors hold protest outside RBI headquarters in Mumbai

The depositors gathered outside the RBI around 11.45 am and held protests by showing placards and chanting slogans against PMC Bank and the RBI, a police official said

PMC Bank depositors in dire straits; govt does not care: Sitaram Yechury

Accusing the government of lying about the economic situation, Yechury alleged that public money was being used for PR

RBI steps in to raise deposit insurance cover for customers from Rs 100,000

RBI asks arm to create model that'll make banks pay premiums depending upon their risk factor

Risk never dies: 39% biz suffered from leaks of internal info, says survey

Employees, more than any other entity, are responsible for internal fraud and leaks of internal information

Direct sale of loans by NBFCs and HFCs takes a knock in H1, says Icra

Securitisation under pass-through certificate (PTC) transactions was to the tune of Rs 92,000 crore in the past one year

Bank unions to go on first major strike on October 22 against merger

While banking operations are expected to be hit due to the strike, many banks, including branches of SBI are likely to remain open