Page 754 - Finance News

Bandhan Bank Q2 net up 47% to Rs 4.8 bn; net interest income rises 55.6%

Says will submit a strategic plan to RBI to pare stake

Govt appoints Rakesh Sharma as MD and CEO of IDBI Bank for six months

He retired from Canara Bank as the MD and CEO after serving for a period of three years from September 11, 2015 till July 31, 2018

After RBI nod, Kerala Bank to be established in 6 months, says minister

The bank is expected to see a merger of around 823 branches of 14 district cooperative banks and the State Cooperative Bank

Bandhan Bank Q2 profit jumps 47% to Rs 4.9 billion; NPA up marginally

Net profit rose to Rs 4.88 billion for the quarter ended Sept. 30, from Rs 3.31 billion a year

SFIO narrows on five IL&FS firms for fund diversion, mismanagement

The 5 firms constitute for more than 50% of the entire group's revenue and may have diverted funds in projects that were worth Rs 300 bn

BOI AXA Credit Risk Fund writes off IL&FS exposure

The net asset value (NAV) of the credit risk fund took a hit of 5.17 per cent on Friday

Ex-Goldman banker looks to fill lending gap in India after IL&FS crisis

Interest rates have shot up and a cash shortage has worsened after defaults by Infrastructure Leasing & Financial Services Ltd. That's provided an opening for alternative lenders

SBI raises target for buying NBFC retail loans to Rs 450 bn from Rs 150 bn

At present, the SBI's guidance for credit growth in FY19 is 10%

Here's how the IL&FS crisis spread to NBFC stocks in Indian markets

With over 348 subsidiaries, IL&FS is said to have funnelled money, raised either from the debt market or banks, to these subsidiaries as a form of equity investment

IL&FS, NHAI may reach out-of-court settlement on select highway projects

Once cleared, these projects can be monetised

Exposure to cash-strapped IL&FS is standard now, says Bank of Baroda

IL&FS is facing serious liquidity issues and it, along with its subsidiaries, has defaulted on various debt repayments

RBI to inject Rs 120 bn into system on Oct 11 to manage liquidity

When the liquidity conditions are tight, RBI buys securities from the market, thereby releasing money into the market

Muthoot Microfin gets Sebi nod for IPO, firm eyes Jan or Feb for listing

Muthoot Microfin, a microfinance company of the Muthoot Pappachan group, is looking at pricing similar to Credit Access Grameen

PSB leaders likely to take spiritual and wilderness route to climb up

The training programme will contain thought leadership courses, group exercises, simulations, including role plays and situation analysis and personal explorations workshops

HSBC to pay $765 mn to settle US mortgage securities misselling claim

HSBC said in a statement it has been working since the financial crisis to improve its internal controls and culture.

YES Bank promoters Rana Kapoor, Madhu Kapur seek to settle differences

The bank's stock has plummeted since the RBI asked Rana Kapoor to exit as CEO by January 2019

IL&FS mess: SBI ups target to buy good quality asset portfolios from NBFCs

he bank had initially planned for growth of Rs150 billion through portfolio purchases

PSU bank mergers: BoB, Vijaya, Dena send proposal to govt for approval

The merger of the three banks would be through share swap

SBI triples target for purchase of good-quality asset portfolio from NBFCs

According to SBI's internal assessment, there may be an opportunity to buy additional portfolio in range of Rs 200 billion to Rs 300 billion

Rupee fall: RSS affiliate SJM wants RBI to play its role more actively

The rupee Tuesday hit a new record low of 74.27 against the US dollar in afternoon trade