Page 773 - Finance News

Dena Bank's net loss widens to Rs 7.21 bn in Q1 on rise in NPA provisions

The provisioning coverage for bad assets in the June quarter also increased to Rs 12.44 billion

PSBs recover Rs 222 billion from NPA accounts via one-time settlement

The information presented in the Lok Sabha covers 19 nationalised banks

Syndicate Bank's Q1 net loss widens to Rs 12.81 bn on rise of bad loans

Stock of Syndicate Bank closed 2.65% down at Rs 44.10 on BSE

HDFC Bank raises fixed deposit interest rates by up to 0.6% from today

The deposit of maturity 6-9 months would earn 6.75 per cent, 40 basis points higher than previous rate

Private bank CEOs' bonus goes missing in 2017-18; basic pay sees a hike

Bonus paid to top management is approved by the bank's board and sent to the Reserve Bank of India for approval

Bank of Baroda puts Rs 28 billion non-fund exposure under watch list

The bank is expecting slippages to be about Rs 40 billion in the current financial year

Central bank actions worldwide point to 'synchronised' stimulus withdrawal

At least five central banks, across the emerging and the developed markets, have announced their monetary policies over the last two weeks, amid uneven global economic recovery trends

Bank credit jumps 12.44%, deposits increase by 8.15%, says RBI data

In June 2018, the non-food bank credit rose 11.1 per cent as against a rise of 4.8 per cent in the same month last year

IDBI Bank names RBSA as financial advisor to vet LIC's acquisition proposal

With the acquisition of a majority stake, LIC is expected to appoint at least four members on the bank's board

'No adverse information' received against Mehul Choksi, says Antigua

The Antiguan authorities found two instances of Sebi action against Choksi's firms in 2014 and 2017 and sought more information on them

RBI rate hikes likely to cause bump in small savings interest rates

Since 2016, the interest rates of the 12 small savings schemes have been reviewed quarterly

Bank of Maharashtra Q1 loss trebles to Rs 11.19 billion as bad loans spike

Provisioning for NPAs also increased to Rs 15.1 billion from Rs 11.57 billion in the year-ago period

Do you have an EMI? RBI rate hike to make your borrowings more expensive

The RBI raised interest rates to the highest in 2 years to tackle inflationary pressures

As HDFC raises lending rates, here's how it will affect home loan EMIs

Housing Development and Finance Corp (HDFC) on Thursday announced increasing its lending rates by 0.20 percentage points, a day after the RBI hiked the policy rate

RBI policy move: Banks expected to raise term deposit rates gradually

Mortgage lender HDFC hiked home loan rates by 20 bps. Women can take a loan up to Rs 3 mn at 8.70%

HDFC raises lending rate by 20 bps following Reserve Bank rate hike

For women borrowers, loans up to Rs 3 mn will be available at 8.70% and above Rs 3 million at 8.8%

Q1 review: Provisions cut into profit of pvt banks, asset quality a problem

Total gross NPA ratio for private banks during the quarter stood at 4.5 per cent, against 4.06 per cent in the April-June 2017 period

Mehul Choksi in Antigua; CBI receives confirmation, to seek extradition

Choksi had taken the citizenship of Antigua in November 2017, and oath of allegiance on January 15 this year, the officials said

IFC to invest Rs 1.6 bn in MRHFL, proceeds to benefit borrowers in villages

IFC has also committed Rs 6.4 bn in Mahindra & Mahindra Financial Services Ltd to increase loans to farmers

Capital First PAT up by 55% to Rs 1 bn for quarter ended June 2018

As a consequence of migrating to the IND-AS accounting standards, the net-worth of the company has risen by Rs 2.4 bn to Rs 28.6 bn as on June 30, 2018