Page 720 - Finance News

IOB Q3 loss narrows by 64% to Rs 346 cr, income up 12% to Rs 5,689 cr

Recoveries during the quarter surpass slippages; Provision coverage ratio improves to 64.23% in reporting quarter from 57.83% a year ago

Govt policies favouring SMEs will make fiscal consolidation harder: Moody's

The fiscal deficit may touch 3.4 per cent of gross domestic product (GDP) for year ending March 2019, breach the target of 3.3 per cent

Indian Bank's Dec quarter net profit slumps 50% mainly on IL&FS exposure

NCLT proceedings and court cases have not been moving at the pace that the bank expected

Govt should stick to existing fiscal consolidation: PM's Advisory council

The CSO in its latest forecast, has pegged GDP to grow at a rate of 7.2% for 2018-19

Indian Bank Q3 net profit halves to Rs 152 cr on rising bad loan provisions

Total income was up at Rs 5,269.10 crore from Rs 4,903.07 crore in the year-ago period

Urjit Patel wanted to quit as RBI governor months before decision: Modi

Urjit Patel resigned after a months-long tussle over policy with the government that raised concerns about the bank's independence as the next general election nears

Japan's central bank chief warns fintech firms could disrupt banking system

He said big tech companies tended to specialise in payments and settlement rather than deposit-taking and lending

CBI closes in on Chanda Kochhar, husband in ICICI Bank-Videocon loan case

Chanda Kochhar showed dishonesty by abusing her official position in sanctioning a loan in favour of Videocon International Electronics, the CBI said

Ravneet Gill to be YES Bank boss after Rana Kapoor's tenure ends on Jan 31

In October, the RBI had refused to give incumbent CEO Rana Kapoor an extension to his term

SBI pushes Essar Steel auction deadline to Feb 11 on developments at NCLAT

The appellate tribunal has directed the Ahmedabad Bench of NCLT to pass an order on the insolvency resolution of Essar Steel on Jan 31

PNB Housing Finance reports 32% rise in Q3 net profit to Rs 303 cr

Net interest margin increased to 3.06%, as against 3.02% for the third quarter of the previous fiscal

Ravneet Gill to take over from Rana Kapoor as YES Bank's MD & CEO

Bank's senior group president says Jan 29 board meeting will decide whether an interim CEO will be brought in for the gap between Kapoor's end of term and Gill joining the bank

RBI has insufficient capital, much less surplus to hand over to government

The paper's findings rekindle the debate on the Reserve Bank of India's autonomy, just as a panel reviews how much funds the monetary authority should hold

RBI making u-turn, to cut rates, change stance to 'neutral': Reuters Poll

Uncertainty over the outcome of a national election in May is seen as the main downside risk to Asia's third-largest economy

PSBs put Rs 1-trn bad loans on sale as delays plague bankruptcy proceedings

Dragging cases in NCLT would mean higher provisioning in next quarter

Water crisis could worsen India's bad loan problem, says WWF report

According to the report, close to 40 per cent of the gross credit exposure of Indian banks is in sectors where water risks are significant

Vijaya Bank Q3 net profit surges 80% to Rs 143 crore; NPA provisions jump

The bank's total income also rose to Rs 4,106.42 crore during the period

Ujjivan Financial Services Q3 net profit up Rs 45.2 crore

'The healthy net interest margin (11.8 per cent) helped to increase profits,' MD and CEO Samit Ghosh said

SBI moves to recover Rs 405 crore from Mehul Choksi, his family, companies

This is the first time the country's biggest bank's exposure has been revealed in the case involving Mehul Choksi, who is among the prime accused in the Rs 13,500 crore fraud in PNB

4 new unicorns push up venture capital inflows to a record $8 bn in 2018

Deal size grew considerably in the reporting year, which is a sign of the increasing maturation of the VC market here