Page 748 - Finance News

After IL&FS fiasco, MF redemptions up to Rs 2 trn can support NBFCs: Report

The default by IL&FS may be a one-off case and the response by policymakers suggests it is unlikely to blow into a systemic problem, says a report by economists at largest pvt sector lender HDFC Bank

Bank credit up 14% to Rs 90 trn, deposits up 9% to Rs 118 trn till Oct 12

Personal loans rose by 18.2% in August 2018, up from an increase of 15.7% in August 2017

AIBEA to resist merger of three PSBs, says its aim is to protect defaulters

Association picks holes in merger of associates with SBI to build a case against amalgamation of BoB, Vijaya and Dena

YES Bank hits 4-week low over Q2 profit miss; brokerages trim target prices

YES Bank posted on Thursday its first drop in quarterly profit in at least three years, as the provisions for bad loans and mark-to-market losses more than doubled

BoB-Vijaya-Dena Bank merger: The challenges in crafting a single brand

If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape

YES Bank Q2 net profit dips 3.8% to Rs 9.64 billion as provisions double

Net interest income rose 28% to Rs 24.17 bn from Rs 18.85 billion a year ago; Other income up 18% to Rs 14.73 bn

IDFC Bank to be renamed as IDFC First Bank after merging with Capital First

The Board of Directors of IDFC Bank at its meeting Wednesday decided to seek approval of the Reserve Bank of India to rename the bank

YES Bank's Q2 net profit declines 4% to Rs 9.647 bn, misses estimates

The bank's gross Non-Performing Assets (NPA) reduced to 1.60 per cent of its total assets at the end of September

NBFC crisis hijacked realty estate growth, freezing fund inflows: Report

The NBFC sector is under crisis since last month when it came to light that IL&FS group defaulted on short-term loans

Paytm Payments Bank appoints ex-SBI official Satish Kumar Gupta as MD, CEO

Gupta comes with over 35 years of experience in the field of Banking

Thanks to Grab deal, those without bank account can now get a Mastercard

The value of the cards can be topped with cash to spend at any of the three million merchant outlets that accept Mastercard

Its own business model, not RBI curb, caps Bandhan Bank's growth prospects

In the days ahead, the biggest challenge for Bandhan will be to find the right way to dilute promoter share

As NBFCs turn off tap, realty funds see deal proposal spurt but remain wary

Given the demand for funds and tight lidquidity, PE funds are charging 150 to 200 basis points more in the new deals

Kotak Mahindra Bank's net profit up 21.3% yoy to Rs 17.47 bn in Q2

Gross NPAs, fell to 1.91 per cent for the September quarter, against 2.14 per cent in the year-ago quarter

IDFC Bank in red for 1st time since market debut, posts Rs 3.7-bn net loss

Total income was at Rs 24.53 billion for the quarter, up from Rs 23.65 billion in the same period of preceding fiscal

RBI may amend prompt corrective action framework to help banking system

As many as 11 out of 21 banks are under the RBI's watchlist. Of these, two banks, Dena Bank and Allahabad Bank, are facing restrictions on expansion of business

Karur Vysya Bank clocks 10.6% rise in Q2 net profits to Rs 837.4 mn

Karur Vysya Bank registered net profits at Rs 756.5 million during the corresponding quarter of previous year

Deutsche Bank Q3 net profit down 65 percent but above expectations

Revenue in the quarter was 6.175 billion euros, down 9 percent from 6.776 billion a year ago

Probing officials for Rs 1.4-bn bribery in Gujarat bank loan fraud case: ED

The agency said the investigation in this aspect is under process as it filed a fresh charge sheet in the case of Vadodara-based Sterling Biotech group before a special court

What was RBI doing, asks CAG Rajiv Mehrishi on NPA crisis in banks

The major cause of current banking crisis is huge asset liability mismatch