Page 749 - Finance News

RBL Bank Q2 profit up by 36% to Rs 2.04 bn, interest income sees 41% hike

Provisions and contingencies surged almost double to Rs 1.4 billion in the quarter against Rs 748.9 million a year ago

Beware of fake banking apps! Your data may be at risk, says report

The report further said that the deceptive malware in these apps may have stolen thousands of customers' account and credit card details

Undeveloped bond market contributes to India's banking crisis, says CAG

The gross NPAs in the Indian banking system have accumulated to a staggering Rs 10 trillion

Cyril Amarchand Mangaldas withdraws report that gave clean chit to Kochhar

ICICI Bank in a regulatory filing Tuesday said the clean chit given to Kochhar in March this year was based on the inquiry report of the law firm

To manage liquidity, RBI to infuse Rs 120 bn via open market bond purchases

RBI said it will decide on the quantum of purchase of individual securities

RBL Bank reports 36% growth in Q2 at Rs 2045 mn, driven by interest income

The bank's growth in advances portfolio rose by a 37 per cent on year-on-year basis

Bajaj Finance reports 54% jump in net profit at Rs 9.23 billion in Q2

The company had reported a net profit of Rs 5.98 billion in the year-ago period

NBFCs face acid test as record Rs 1.2 trn repayment in Oct-Dec looms

India's central bank eased rules last week to help the nation's non-bank lenders access loans more easily

IL&FS crisis impact: IndusInd Bank stock falls 8.52%, hits 15-month low

IndusInd Bank made a contingent provision of Rs 2.75 billion against its exposure to the IL&FS group

IL&FS board appoints financial, restructuring advisors for turnaround plan

JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward

Govt may ask RBI to ease PCA norms, move to free up Rs 650 bn for PSBs

Govt to pitch for alignment of PCA provisions with globally accepted Basel norms

PNB Housing raises Rs 17.75 bn in commercial paper from MFs, banks

Housing finance company says it raised money in current month, is silent on interest rate

Govt infuses Rs 7 bn in Syndicate Bank for preferential allotment of shares

The bank will be taking necessary approvals for allotment of requisite equity shares to the government in due course of time, Syndicate Bank added

Indian banks' profitability distinctively weaker than BRICS peers: Moody's

Recognition of stressed assets is largely complete and new non-performing loan formation will moderate in the next 12-18 months, said Moody's Investors Service

MFIN proposes common code of conduct for banks and NBFCs in microlending

With multiple lenders chasing same set of borrowers in rural areas, signs of over-borrowing are now apparent in microfinance

SBI plans to raise up to Rs 250 bn in FY19 to meet capital adequacy

SBI also received approval for an enabling resolution for raising equity capital

It's time central bankers came out of their closets, paid heed to public

These architects of the global economy pride themselves on being brilliant, aloof and rational. And then they wonder why they're not more popular.

Post-2015 slump to blame for NBFC crisis, banks' low credit growth: Experts

Outstanding credit growth declined to 13.2% between FY15 and FY18 from 18.2% between FY08 and FY15

After 4 years, NPA-laden IOB expects to be back in the black in FY20

IOB may exit RBI's Prompt Corrective Action framework by 2019-20

HDFC Bank net up 20.6% to Rs 50 bn in Sep quarter; gross NPAs rise 1.33%

The bank's net interest margin stood at 4.3% during second quarter of the 2018-19 financial year