Page 746 - Finance News

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

Viral Acharya: The elusive outlier in the middle of the govt-RBI spat

Acharya has been a strong proponent of cleaning up bad debt on banks' books and is an active supporter of the PCA framework for weaker public sector banks

GN Bajpai resigns from govt-appointed IL&FS board, cites 'personal reasons'

Bajpai, an ex-Sebi chairman, was one of the seven directors appointed on the company's board by the government

Banking crisis: RBI Central Board reasserts itself after decades

The first RBI governor to revive the importance of the role of the Central Board of Directors was Raghuram Rajan

Behind govt-RBI rift: DEA's insistence on Rs 3.6-trillion excess capital

The buzz in bureaucratic circles is that whether through written communication or informal channels, instead of negotiating on contentious issues, the North Block tried to force its writ upon the RBI

Govt interfering with RBI, pushing it to lend more to corporates: Yechury

The finance ministry and the RBI are at loggerheads over the invocation of Section 7 of the RBI Act

How to save ILFS? Kill the lender's toxic culture by dismembering it

If IL&FS is sold in its present form, its toxic culture, which has for three decades involved inflating project values, will eventually revive

RBI-govt spat latest flashpoint as 2019 elections near, easy money era ends

Italy, India have the worst bad loan ratios among the top 10 economies

Canara Bank Q2 profit rises 16% to Rs 3 bn; net interest rate grows 18%

Global deposits improved by 11.18 per cent, while domestic deposits growth was higher at 15.95 per cent

LIC seeks CCI's approval for acquisition of majority stake in IDBI Bank

IDBI Bank had said that LIC's open offer to purchase shares from the minority shareholders of the state-owned bank will kick-start from December 3

RBI Governor Urjit Patel may resign on rift with govt, reports say

The 10-year benchmark bond yield rose to 7.87% from its previous close of 7.83%

Government vs RBI: All you need to know about Section 7 of the RBI Act

The government has written to the RBI hinting it may invoke Section 7 of the Reserve Bank of India Act 1934 - a provision that has never been used since the inception of the law

From today, you can't draw over Rs 20K a day at SBI ATMs: Things to know

The withdrawal limit has been curtailed on Classic and Maestro debit cards, held by a large number of the bank's customers

Bank of Maharashtra posts net profit of Rs 270 mn after 10 quarters

It moved into the black after posting a net loss for 10 consecutive quarters (since March 2016)

IL&FS mess: Normalcy to return to system in couple of weeks, says SBI chief

Kumar added that in wake of the IL&FS crisis, the SBI stepped up in a big way

Indian banks' profitability weaker than BRICS peers, says Moody's report

Moody's says the system, as a whole, is unprofitable due to high credit costs at dominant state-owned banks

NBFC operating model key to reducing risks

A comprehensive and pragmatic view of the risk and finance functions is necessary