Page 698 - Finance News

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

Oriental Bank of Commerce posts Rs 201 cr profit in Q4; NPAs down at 13%

Total income of the bank during the January-March quarter rose to Rs 5,711.92 crore from Rs 4,689.12 crore in the same quarter a year ago,

United Bank of India, after successive loss, posts Rs 95 cr profit for Q4

The gross NPA of the bank as a percentage of total lending in the last quarter stood at 16.48 per cent in the last quarter, against 24.10 per cent in the same period of the previous financial year

CRISIL downgrades rating on DHFL commercial paper over liquidity concerns

Flags concern on dwindling liquidity; stock down 4.6%

Allahabad Bank cuts lending rate by 5 bps, housing loans to get cheaper

Most of the loans including housing loans are benchmarked against MCLR for one year

HDFC Q4 profit jumps 27% to Rs 2,862 cr; interest income rises 19%

The board has proposed a final dividend of Rs 17.50 per share and the proposed final dividend is in addition to the interim dividend of Rs 3.50 per share declared earlier

Chanda Kochhar, husband appear before ED in ICICI Bank loan fraud case

Chanda Kochhar, along with her husband and her brother-in-law, is under the scanner for money laundering

Syndicate Bank reports Rs 128-crore net profit in March quarter

The public sector lender posted a loss of Rs 2,195.12 crore during January-March quarter of 2017-18

SBI posts net profit of Rs 838 crore in Q4 on higher interest income

Won't let go of quality corporate credit, says Rajnish Kumar

Canara Bank back in black in FY19 with Rs 347-crore net profit

During Q4, the lender clawed back close to Rs 2,000 crore of tax expenses.

SBI cuts lending rates by 5 bps across all tenors, home loans to be cheaper

After the RBI's April Monetary Policy, the MCLR was reduced by 5 bps

Indian Overseas Bank cuts loss to Rs 1,985 crore, plans to raise funds

The loss is due to increased provisions on NPAs and fraud accounts especially due to back dating of NPAs and one big account declared as fraud

States may cause fiscal slippage because of populist schemes, warns RBI

Loan waivers, income support schemes are 'poor fiscal marksmanship', says RBI in meeting with Finance Commission.

Lenders set to realise Rs 80,000 cr from insolvency process in FY20: Icra

NCLTs continue to remain heavily burdened as the number of cases being admitted continues to increase quarter-on-quarter

RBI likely to cut rates again in June; none thereafter on rising inflation

RBI had cut interest rate by 25 basis points each in February and April to boost economic growth

Realty debt could be next flash point in India's credit market: ICICI Pru

Indian shadow banks now face rising risks that weaker developers may struggle to repay those borrowings, as housing sales have failed to keep pace with debt expansion

66% complaints resolved via mediation in FY18: Banking Ombudsman report

The 21 Offices of Banking Ombudsman (OBO) received 163,590 complaints in FY18, an annual increase of 24.9 per cent

Investors likely to be tight-fisted as private banks look to raise capital

As a clutch of private banks set out to raise capital, the quality of assets and governance will hold the key more than ever before as to how the sector is seen from hereon

Jalan panel to hold 2 more meets before final report on RBI capital size

The six-member Jalan panel was appointed on December 26, 2018, to review the Economic Capital Framework for the RBI