Page 771 - Finance News

Videocon loan issue: ICICI Bank explores consent option with Sebi

A consent application is typically filed when the aggrieved party wants to settle the case without the main hearing

PIL in Supreme Court against DVC-NVVN power supply to Bangladesh

Joshi alleges that domestic coal as well as the country's hydel resources cannot be used to generate power for exports

Allahabad Bank posts Q1 net loss of Rs 19.44 bn due to high provisioning

Gross NPAs stood at Rs 250.67 bn at the end of June 2018, against Rs 210.32 bn in the year-ago period

India benefitting from weakness in emerging markets, says Citibank

Most investors remain worried over absolute returns, owing to rising interest rates, crude oil prices and upcoming elections, Says Citibank

IDBI hikes marginal cost of funds based lending rate by up to 0.10%

For overnight and one-month tenor loans, the MCLR are increased by 0.05 per cent each to 8 per cent and 8.25 per cent respectively

PNB fraud: Allahabad Bank says Ananthasubramanian ceases to be MD & CEO

Usha Ananthasubramanian was heading PNB before taking charge of Allahabad Bank

Cosmos Bank hit by Rs 940 mn cyber hack; probe finds Hong Kong as source

The unidentified hackers had executed money transfers on two separate occasions -August 11 and August 13- which raises the question of why pro-active measures were not taken on the first night itself

IDBI Bank posts Rs 24.10 bn loss in Q1, hurt by higher provisioning of NPAs

The total income of the bank for the quarter under review also declined to Rs 64.02 billion, as against Rs 67.03 billion a year ago

Allahabad Bank Q1 net loss at Rs 19 bn on higher provisioning for bad loans

Net NPA ratio, however, improved to 7.32 per cent (Rs 104.1 billion) as against 8.96 per cent (Rs 128.68 billion)

PNB Fraud: Govt sacks Usha Ananthasubramanian as Allahabad Bank chief

Ananthasubramanian was MD and CEO of PNB between August 2015 and May 2017 and served as ED at the bank between July 2013 and November 2013

Sukthankar's exit not linked to search for my successor: Aditya Puri

Sukthankar was considered the most likely successor to HDFC Bank Managing Director Aditya Puri, who retires in October 2020

Sukthankar's successor to be named by month-end, says HDFC Bank chief

In a regulatory filing last week, the bank announced Sukthankar's resignation without citing any reasons

Outlook on Indian banks to stay negative over weak core capital: Fitch

Indian banks need to improve capital base against mounting bad debt and poor financial performance, Fitch said

After infra and power, renewable energy firms new stress points for banks

38% of infra, power firms assigned 'D' rating in 2018 are from renewable energy sector

PSBs to be recapitalised in Q4 FY19, exercise linked to progress on reforms

BCG roped in to measure bank-wise performance of reforms agenda and present a report card

IndusInd names two additional directors, appointment effective from Aug 10

Akila Krishnakumar and Anil Tiwari are appointed as non-executive independent directors

Union Bank reports Rs 1.3 bn profit in Q1; net interest income up 17.1%

The bank's provision coverage ratio improved for the June quarter to 56.49 per cent, from 51.13 per cent in the same period last year

UCO Bank reports a net loss of Rs 6.33 billion in June quarter

The GNPA increased to about Rs 298 billion in the last quarter, against Rs 250 billion in the same period last financial year

Paresh Sukthankar resigns as HDFC Bank's deputy managing director

A management graduate from Harvard, Sukthankar has been a member of various RBI committees

SBI posts third straight quarterly loss at Rs 48.76 bn on higher provisions

Total provisions and contingencies more than doubled to Rs 192.28 bn in Q1FY19 from Rs 89.29 bn in Q1FY18