Page 685 - Finance News

ICICI Bank swings into black in first quarter on higher retail loan growth

ICICI, like its peers, also said India's ongoing economic slowdown weighed on its performance in the quarter

RBI report on development of secondary market for corporate loans in Aug

The secondary loan market in India is largely restricted to sale to asset reconstruction companies and ad hoc sale to other lenders including banks

ICICI Bank back in the black in Q1 with net profit of Rs 1,908 crore

Saw Rs 120-crore loss in year-ago quarter

Banks hire scores of oversight agencies to keep tabs on end-use of loans

On the tepid credit growth, Kumar said he expects some pick up during the second half

Govt's steps to ease NBFC liquidity crisis too short-term: Fitch report

The report, however, said NBFCs will benefit more from the Rs 70,000 crore recapitalisation of state-owned banks, which will increase their capacity to lend more

RBI set to cut interest rate in August for the fourth time in a row: Report

They are going to cut rates in August and again later, mainly due to low growth and weak inflation, said an economist

After rising 1,500%, IndusInd bets on microfinance firm buy to extend gains

Acquiring India's largest micro financier gives the bank presence in more than 115,000 villages that will increase its cross-sell, lending and low-cost deposit mobilisation efforts

IOB's June quarter loss narrows to Rs 342 cr, from Rs 919 cr last year

Lender's NPA ratios improve, recoveries surpass slippages during the quarter

Sovereign bond yields to consolidate ahead of monetary policy review: DBS

The Reserve Bank's next policy review meet is scheduled to be held from August 5th to 7th

Viral Acharya ends his RBI stint with a sense of unfinished business

Acharya's boss at the central bank, Shaktikanta Das, says a continuous and prolonged dependence on the government's capital infusion into banks can breed inefficiency

HDFC Bank misses out on key factors in June quarter, stock under pressure

The stock fell 3% on Monday; it was the sharpest decline in reaction to the results

Kotak Mahindra Bank consolidated Q1 net up 23%

At the standalone level, the bank reported a 33 per cent rise in net profit to Rs 1,360 crore from Rs 1,025 crore in the year-ago quarter

Maharashtra tops in ATM frauds, Delhi, Tamil Nadu, Karnataka follow

In Maharashtra, people lost Rs 4.8 crore to bank fraud, while in Delhi people lost Rs 2.9 crore

RBI blames banks for Mudra loan defaults; bankers say can't help

Banks, according to the RBI, did not follow adequate credit appraisals, did not ensure the end-use of funds, or monitor the loans

After 12 years, RBI set to modify fit-and-proper norms for bank directors

Categories of directors to be streamlined; other regulators' views on candidates to be looked at closer

Private insurers not keen on higher FDI cap despite Sitharaman's offer

They are comfortable as their balance sheets are not leveraged and premium growth is robust

Aditya Birla Payments Bank to shut shop only 17 months into operations

A payments bank can take deposits of up to Rs 1 lakh but cannot give loans or issue credit cards

Bandhan Bank profit rises 45%; seeks to open 187 branches this year

Bandhan Bank's board has approved opening 187 more branches and 340 doorstep service centres this year

Bitcoin causing annual CO2 emissions comparable to those of Vegas: Study

Although Bitcoin is a virtual currency, the energy consumption associated with its use is very real

UP cooperative banks' sugar sector exposure stands at Rs 5,700 crore

Total advances included soft loans under Central, state schemes