Page 775 - Finance News

PSBs earn Rs 33 bn from customer charges in past 4 yrs: Shiv Pratap Shukla

Basic banking services including Pradhan Mantri Jan Dhan Yojana are provided without any charges

ICICI Bank FY19 bad loan provision to stay elevated, but below FY18 number

The bank noted that NPA additions during FY19 are expected to be significantly lower than in FY18

Worst phase almost over for Indian banks? S&P report makes a point

Banks categorised an increasing proportion of weak loans as NPLs due to more stringent requirements by the Reserve Bank and government

Bank of India Q1 profit up 8% to Rs 951 mn, but income falls to 108 bn

A rise in bad loans led to a higher amount to be parked for provisioning for bad loans at Rs 22.6 billion

Stay out; your grip is killing PSBs: Outgoing BoB chief tells Modi govt

He recommends the government start by allowing banks' boards to hire their own management and free them up to decide strategy

SBI raises interest rate on FDs by up to 0.1% ahead of monetary policy meet

The bank had last revised its interest rate on May 28, ahead of second bi-monthly monetary policy for 2018-19 announced on June 6

SBI cuts shorter term bulk deposit rates, increases longer term rates

Since the bank adjusted its rates in both directions, a clear rate signal is not evident

Axis Bank sees further recovery after less-than-expected profit drop in Q1

In the June quarter, Axis Bank saw a 74 per cent fall in incremental bad loans to Rs 43.37 billion, compared with the March quarter

HDFC Q1 net up 54% to Rs 21.90 bn, gets nod for $1.5 bn external borrowings

Its loan book grew by 18.5 per cent at Rs 3.71 trillion at end of June 2018 as against Rs 3.13 trillion a year ago

Axis Bank Q1 net profit dips 46% to Rs 7 billion, stock falls 2.67%

It, however, improved on a sequential basis, with GNPAs down 25 basis points from the March quarter of 2017-18

Renaissance Investments Managers' India Next Fund to invest in equities

India witnessed just 3.5 per cent average growth in the IIP in five years from 2012-13 to 2017-18 against average 6.3 per cent in years before that since 1991 when economic reforms started

Mark Mobius cautions RBI, says increasing rates now would be 'big mistake'

Most economists in a Bloomberg News survey expect the RBI to raise the report rate by 25 basis points on Aug 1

HDFC Bank launches QIP, ADR at floor price of Rs 2,179.13 a share

Issuer may offer discount up to 5% on floor price, seeks to raise Rs 155 bn

Axis Bank Q1 profit plunges 46% to Rs 7 billion as bad loans rise

Gross non-performing loans as a percentage of total loans fell to 6.52 per cent at end-June, compared with 6.77 per cent three months earlier

CBI Q1 net loss widens to Rs 15.22 bn on 2-fold rise in bad loan provisions

Income of the Central Bank of India fell to Rs 59.04 billion in first quarter of 2018-19 from Rs 68.70 billion in the same period of 2017-18 as core income dropped

HDFC Q1 net profit up 54% to Rs 21.9 bn; gets nod for Rs 350-bn bonds issue

HDFC has also been allowed to raise up to $1.5 bn by tapping foreign sources through the external commercial borrowing route

India Post Payments Bank to start operations with 650 branches in August

Customers can access their IPPB account through mobile app but it will have limited services

SBI, PNB, BoB may introduce performance-linked pay for senior management

The banks would need approval from the government for such a move

ICICI Bank posts first-ever quarterly loss of Rs 1.2 billion on bad loans

Higher provisions take toll on bottom line; bank's net interest income rose 9% on YoY basis to Rs 61.02 bn in the current quarter

Bank of Baroda net profit more than doubles at Rs 5.28 billion in Q1

Bank of Baroda had posted a net profit of Rs 2.03 billion in April-June last year