Page 697 - Finance News

BoB looks to rationalise 800-900 branches, to boost operational efficiency

With the first ever three-way merger, BoB has now become the second-largest public sector lender after State Bank of India

Corporation Bank posts loss of Rs 6,581 crore for March quarter

The bank, however has reported reduction in non-performing assets (NPAs).

City Union Bank Q4 profit rises 15% to Rs 175 crore, net NPA grows

Total income stood at Rs 1,131.44 crore in Q4, up 14.2% over the year-ago period

R Gandhi's appointment to YES Bank board may be precautionary: Macquarie

Earlier this week, the Reserve Bank of India (RBI) appointed former Deputy Governor R Gandhi as an additional director to the board of Yes Bank

Bank of India swings back into the black, posts Rs 251 cr profit in Q4

The bank managed to sell only Rs 1,700 crore of assets to asset reconstruction companies in FY19, about one-tenth of what it planned

CASHe to double lending to Rs 1000 cr this fiscal, to widen travel segment

CASHe's forte lies in providing short-term, unsecured personal loans

Bank of India posts Rs 252 crore profit in Q4; asset quality improves

This is the first quarterly earnings announcement by the bank after it came out of the Prompt Corrective Action framework in January this year

ICICI Version 2.0: Growth minus risks

Now, the bank's mantra was "profitable and sustainable" growth, Kochhar said

Funding crisis to worsen unless India pumps more cash into financial system

Muted government spending and high election-linked expenditure have created a cash deficit in India's banking system in the past few months

YES Bank troubles run deeper than investors believe; cleanup will be tough

It is unlikely to find a long list of suitors and any arranged marriage will need to be solemnized by the RBI

Union Bank plans to raise up to Rs 4,900 crore in equity in H2FY20

Shareholders' nod for raising equity capital will be sought at its annual general meeting on June 28

Finding an ATM in India getting tougher despite dependence on cash

The number of automated teller machines in the country shrank in the past two years despite an increase in transactions, Reserve Bank of India figures showed

IL&FS crisis: Independent directors under corp affairs ministry scanner

The role of auditors, credit rating agencies and some former officials entities are already being looked into by the ministry, which had superseded the IL&FS board in October 2018

Flood of money in short-term debt schemes new headache for NBFCs

Systemic risk for mutual funds as well in case there are large-scale redemptions

Why finding an ATM in India is getting tougher even as people use them more

India already has the fewest ATMs per 100,000 people among BRICS nations, according to the International Monetary Fund

Edelweiss' Q4 net dips 3% to Rs 232 cr, company to float $1-bn debt fund

Existing equity enough to support growth for 3-4 years, says company

UCO Bank posts Q4 net loss at Rs 1,552 cr; yearly loss at Rs 4,321 cr

Provisions for NPAs stood at Rs 2,602 crore, against Rs 3134 crore in the same period of FY18

Indian Bank reports net loss of Rs 190 cr in Q4 due to IL&FS provisioning

Indian Bank plans to recover Rs 3,000 crore in FY20, to rope in strategic partner for NBFC arm

Back in the black, United Bank of India aims PCA framework exit by Q2FY20

On Monday, the bank posted a net profit of Rs 95.18 crore for Q4 of FY19, against a net loss of Rs 261 crore in the same period of the last financial year

HDFC Q4 profit rises 27% to Rs 2,862 cr, asset quality improves marginally

The net interest income of the mortgage lender for the quarter stood at Rs 3,161 crore against Rs 2,650 crore in Q4FY18