Page 717 - Finance News

Fraud-hit PNB bounces back into black with Rs 246-crore profit in Q3

Had suffered Rs 4,530-crore net loss in the second quarter of the current fiscal

RBI penalises Axis Bank, UCO and Syndicate over various compliance issues

Penalty of Rs 2 crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through cheques, says RBI

Bad news for India's bond mkt: Global funds see pain ahead on fiscal woes

Next trigger for bonds will come from the central bank's policy decision on Thursday, when it is expected to change its stance to neutral while keeping rates on hold

RBI may slash interest rate by 25 bps in February policy review: SBI report

The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will start its three-day meet in Mumbai on Tuesday and announce the policy on February 7

Lakshmi Vilas Bank reports a net loss of Rs 373 crore in Q3FY19

The total income for the October-December 2018 quarter was at Rs 762.47 crore as against Rs 817.57 crore registered a year ago.

How about LIC Bank? With insurer as new owner IDBI Bank wants name change

Bank board's proposal in this regard must receive nod from RBI, shareholders and Stock Exchanges; it is also subject to name availability and reservation by MCA

IDBI Bank Q3 net loss rises to Rs 4,185 cr on higher bad loan provisions

Its asset quality remains under severe pressure

IDBI Bank reports threefold increase of loss to Rs 4,185.48 crore for Q3

The bank had reported a net loss of Rs 1,524.31 crore in the corresponding quarter of the previous fiscal

What is uniform stamp duty and how will it impact your stock transactions?

Quite simply, you will end up paying a bit more on your stock deals

Can't disclose black money reports as Par Panel examining them: FinMin

It denied to share the copies of these reports, saying the disclosure would cause breach of privilege of Parliament

IndoStar Capital to buy IIFL's CV finance biz with AUM worth Rs 3,949 cr

The boards of both companies have approved the transaction, however, the value of the deal has not been disclosed

IndusInd Bank plans to foray into MF, insurance, stock-broking segments

The bank has partnered with Tata AIA for life insurance, Cholamandalam MS for general insurance

Uniform stamp duty for financial instruments may push M&A cost: Experts

Such a move could drag states' ability to woo investors , say experts

Central Bank of India report a loss of Rs 718.23 crore for December quarter

Its total income decreased to Rs 6,329.17 crore during the quarter under review, as against Rs 6,589.32 crore in the year-ago period

Ministry of Finance to merge two regional rural banks in Tamil Nadu

Tamil Nadu Grama Bank reported around Rs 21,000 crore of business with 625 branches

State Bank of India Q3 net profit at Rs 3,954 cr; NII rises by 21.42%

Control on slippages and lower overhead expenses boosted bottom line

Yes Bank senior group president Pralay Mondal resigns, stock falls 4%

Mondal, who resigned on Thursday, will serve notice till close of business hours of March 31,2019

Remaining 8 PSU banks to be out of PCA framework soon: FM in Budget speech

Various steps taken by govt has helped the banks significantly and as a result 3 banks -- Bank of India, Bank of Maharashtra and Oriental Bank of Commerce-- are out of PCA framework, says Piyush Goyal

YES Bank senior group president Pralay Mondal resigns, reason undisclosed

On January 31, Rana Kapoor's reign as the Managing Director and Chief Executive of Yes Bank, which was co-founded by him

Govt launches probe against DHFL, issue may hit sector investment

A report by Cobrapost claimed that DHFL, through layers of 45 shell companies, allegedly siphoned off Rs 31,000 crore out of the total bank loans of Rs 97,000 crore