Page 745 - Finance News

Provisioning dents PAT for private banks despite high interest income

Net profit fell 1.6% as provision accounts for 44 per cent of private banks' operating profit

Locking horns: Centre might have agreed to RBI's revised PCA framework

The RBI had proposed revising the revised PCA framework to the Ministry of Finance in September 2016

RBI vs govt: How Nehru's letter can be Modi's weapon to tackle Rahul, Oppn

Back then PM Jawaharlal Nehru, backed FM T T Krishnamachari and made it clear that RBI was part of "the various activities of the government

RBI's Urjit Patel gets CIC notice for not disclosing wilful defaulters list

CIC has asked Patel to explain why a maximum penalty should not be imposed on him for 'dishonouring' the court verdict, which had upheld a decision calling for disclosure of names of wilful defaulters

In a first for India, HSBC facilitates blockchain-based transaction for RIL

Blockchain can ensure cost-effectiveness, quicker turnaround and also potentially unlock liquidity for businesses, HSBC and RIL said in a statement

FinMin likely to finalise Rs 540-bn capital infusion for PSBs by Nov end

Most of the banks would be getting growth capital for expanding their lending, particularly to MSMEs

RBI to set up registry to give authorities '360-degree' data on borrowers

The Public Credit Registry would be the single point of mandatory reporting for all material events for each loan, notwithstanding any threshold in the loan amount or type of borrower

SBI to put 11 NPAs under the hammer on Nov 22, eyes recovery of Rs 10 bn

Of these 11 accounts, Janki Corp Ltd has the highest outstanding dues of Rs 5.92 billion

SBI to raise Rs 41.16 billion by issuing Basel III compliant bonds

Bank will issue 41,159 non-convertible, taxable, redeemable, subordinated, unsecured debt instruments

City Union Bank profit at Rs 1.68 bn in Q2, gross NPA down marginally

NPA provisioning for the quarter has declined 47% year-on-year to Rs 680 million

Fraud-hit PNB loss widens to Rs 45.32 billion on bad loans, stock falls

The bank earned Rs 4 billion in the first half of the current financial year

Bank of Maharashtra restores powers of its CEO, executive director

The board also reinstated functional responsibilities of R K Gupta

Canara Bank sees improvement in bad loan ratios in coming quarters

A decent cash recovery from resolution of Essar Steel, Binani Cement, Odisha Slurry accounts to help the lender reduce its NPA levels

Axis Bank eyes major turnaround as retail, SME drive growth, slippages fall

The private bank's net profit surged 83% to Rs 78.9 mn thanks to growing interest income and better provisioning

Non-food bank credit up 11.3% to Rs 80.25 trn in September: RBI

Loans to agriculture and allied activities increased by 5.8% in the reporting month, the same rate as in September 2017

Chola MS, IndusInd Bank renew bancassurance partnership for 5 years

Chola MS offers a wide range of insurance products across motor and non-motor lines of business through IndusInd Bank's outlets across India

Axis Bank Q2 profit up 83% to Rs 7.9 bn on higher interest income

Analysts had expected a net profit of Rs 7.41 billion, according to Refinitiv data

IL&FS: IFIN's exposure to group cos breached RBI norms in FY16-18: Board

This finding was submitted to the Mumbai bench of the National Company Law Tribunal by the government-appointed board Wednesday

Fraud-hit Punjab National Bank logs 3rd straight quarterly loss at Rs 45 bn

The loss was much bigger than an estimated average loss of Rs 14.38 billion based on the views of 13 analysts

RBI governor Urjit Patel should be persuaded to stay: Subramanian Swamy

Swamy said if Patel resigned then it would be a 'direct consequence' of Finance Minister Arun Jaitley's comments effectively blaming the central bank for bad loans