Page 718 - Finance News

RBI removes BoI, BoM, OBC from Prompt Corrective Action framework

RBI said that both BoI and BoM have Net NPAs of less than 6% as per Q3 results while OBC's net NPA has come down as the govt has infused sufficient capital

IRDAI asks insurers to provide for IL&FS exposure, wants mis-selling curbed

Regulator to approach GST council on reducing tax on property insurance, is upbeat about cybersecurity business

Ex-CEO Chanda Kochhar may have to return over Rs 9-cr bonus to ICICI Bank

Besides, Kochhar will also have to forgo her unexercised stocks options

IL&FS exposure can't be written off, make provisions: Irdai to insurers

Irdai chief Subhash Chandra Khuntia asked insurance industry intermediaries to ensure that their conduct is ethical and pitched for self-regulation in this aspect

Second wave of crisis? How Essel can worsen shadow banks' cash crunch woes

Defaults at IL&FS have roiled the credit market and made it harder for other non-bank lenders to access funds

Thanks to NCLT, SBI finds fear can be potent weapon in recovering loans

Recent bankruptcy proceedings that wrested prominent companies from their owners were a wake up call for India's business community

Chanda Kochhar held guilty in ICICI probe report, will lose her perks

Lender has decided to treat her leave from the bank as a termination and claw back her bonuses from April 2009 to March 2018

ICICI Bank Q3 profit declines 3% to Rs 1,605 cr, GNPA ratio improves

Net interest income up 21% to Rs 6,875 cr, other income rises 9% to Rs 3,404 cr

B N Krishna committee vindicates CBI in ICICI-Videocon loan case: Officials

The Justice B N Krishna committee report has vindicated the agency's stand, the officials said

Cobrapost allegations compound DHFL's woes in the wake of NBFC crisis

First victim of the NBFC crisis, the company's m-cap already down by 60% since September

Chanda Kochhar says 'hurt and shocked' by ICICI Bank's decision to sack her

'I am utterly disappointed, hurt and shocked by the decision', said Chanda Kochhar

India Inc foreign borrowing trebles to $3.81 billion in December: RBI data

The domestic firms had raised $1.31 billion through the ECB route in December 2017

ICICI Bank Q3 net profit drops 2.7% to Rs 1,605 cr; bad loans ease

A measure of asset quality, fell to 7.75 per cent at the end of December, from 8.54 per cent in the previous quarter and 7.82 per cent in the same period a year earlier.

ICICI-Videocon loan case: Srikrishna panel submits probe report to bank

The report has been tabled at the bank's board meeting and a discussion on the findings of the investigation is underway; board members will decide further course of action

Despite tough operating climate, Bajaj Finance's Q3 net profit jumps 54%

With concerns on funding costs put to rest, Bajaj Finance stocks rose over 2 per cent on Tuesday

We will be conservative in our policies: Axis Bank CEO Amitabh Chaudhry

Wants to return to 18% RoE and sustain it

The IL&FS soap opera has now created more drama; this time for Zee

The implosion of the highly rated lender raised financing costs for everyone who had borrowed short-term funds to invest in long-term assets such as roads, power stations, waste-management plants

Banks manage reward points costs with hike in slabs, explicit cuts

However, banks are managing these costs closely through a hike in slabs and some explicit cuts.

PNB fraud: A year later, big blind spot on India's biggest banking whodunit

While RBI's supervisory bureaucracy was blindsided on PNB, it gave the sense of having put sound systems in place

Axis Bank Q3 net profit surges 131% to Rs 1,681 crore, beats estimates

Gross non-performing loans fell to 5.75 per cent of total loans at the end of December