Page 700 - Finance News

PNB Housing to raise $1 bn from foreign mkts in one or more tranches

The housing finance arm of the Punjab National Bank will announce the fourth quarter results on May 9

Bandhan Bank's Q4 net profit up 68% at Rs 651 crore, NPAs stand at 2%

Net interest income (NII) of the bank rose 45.6 percent to Rs 1,258 crore against Rs 864 crore in the same period last year

Tough life ahead for NBFCs as RBI set to tighten liquidity mismatch limits

Banks have to show how they propose to finance the gap to bring the mismatch within the prescribed limits

Banks loosen purse strings for corporate sector; lending picks up in FY19

In FY17, credit to the industry witnessed de-growth of 1.9%, and on that base, credit grew 0.8% in FY18

Kotak Mahindra Bank consolidated Q4 net profit up 13.9% at Rs 2,038 crore

Total consolidated income rose 27 per cent year-on-year to Rs 13,823 crore

Yes Bank's profitability to remain under strain for 12-18 months: Moody's

The lender is profitable on a full-year basis; provision for stressed loans much lower thann other banks

CARE places PNB HFC rating on watch, flags rising share of corporate loans

The action is triggered by the increasing share of the corporate loan book in PNBHFL's total loan portfolio and the consequent vulnerability arising out of weakness in real estate sector

RBI cracks the whip on auditors, wants them to keep eye on five key areas

Fallout will be that some of the smaller audit firms will find it difficult to comply with the new format, and may have to seek help from the Big Four

Yes Bank clean-up to continue as Gill shifts focus to governance practices

Gill said the new leadership is very serious about confirming to the highest standards of governance and also set new industry benchmarks

YES Bank posts first-ever quarterly loss of Rs 1,507 cr due to bad loans

For the full year, the bank's net profit more than halved to Rs 1,709.3 crore from Rs 4,233 crore in 2017-18

Puri, Sobti may take chairman's office if bank directors' age cap is raised

Alignment of bank directors' age limit with the cap of 75 years prescribed under Companies Act will help them retain board seats

Disclosing annual inspection reports may drag RBI, banks to court

SC reprimanded RBI on Friday for not disclosing information sought under the RTI citing 'fiduciary relationship' with banks

Last chance for RBI to give info on bank inspection reports under RTI: SC

SC holds RBI in contempt of court, but gives it one last chance to withdraw disclosure policy, follow 2015 orders

Axis Bank plans to raise Rs 35,000 crore to fund business growth

The bank has reported a net profit of Rs 1,505 crore for the March quarter of 2018-19

IBC resolution plans yielded 200% liquidation value for creditors: MS Sahoo

He explained that markets regulator Sebi has exempted acquisitions under resolution plans from making public offers under the Takeover Code

RBI may allow 66% lenders' approval for resolution of stressed assets

The original February 12, 2018, circular was explicit that resolution plans should be drawn up on unanimous approval by all lenders

IOB's loss making branches down to 157 from peak of 742

The lender has focused Strongly on cost reduction, bank rationalisation and NPA recoveries; today, only 5% of its branches are loss making, compared with a peak of 22%

TTD fixed deposits in several banks crosses Rs 12,000 crore mark

The temple official said the over 2000-year-old Lord Venkateswara temple was growing richer by the year with an annual income of about Rs 31 billion

MFIs, small banks will need external capital of Rs 4,700 cr in three years

Rating agency ICRA in its outlook for the microfinance sector said that more than 90 per cent of the capital raised in FY2019 was by the MFIs with AUMs of greater than Rs 1,000 crore

From Sachin Bansal to Ratan Tata, MFIs pique investor interest

Reach, cost and distribution are three key factors driving corporate entities into the microfinance sector