Page 776 - Finance News

Paytm Payments Bank CEO Renu Satti resigns, to head new retail unit

The company is planning to raise $500 million for the unit, a model to be used to equip shopkeepers with technology, logistics and marketing capabilities

Hike or pause? It'll be a tough monetary policy call for MPC: BS poll

The meeting's outcome will be announced on Wednesday, August 1.

RBI monetary policy: A hike in Aug but a long pause thereafter, says expert

Apart from inflation indicators, the committee will likely take into account several macroeconomic and financial market indicators (eg, oil prices, the INR, FII flows, monsoon trends)

SEC seeks details from ICICI Bank on governance, accounting practices

The SEC queries to senior ICICI officials included a request for information on the bank's accounting practices during five years up to 2016

Higher interest income propels Yes Bank to Q1 net profit of Rs 12.6 bn

The company took a mark-to-market loss of Rs 926.7 million in the first-quarter

Canara Bank Q1 net profit up 12% at Rs 2.81 bn; bad loan decline marginally

Asset quality of the bank improved sequentially with surprise rise in cash recovery in Q1 of FY19

Non PCA State-run banks to retain loan market share at 51% medium term

The RBI started this punitive action these bank's bad loans ballooned to high double digit levels

Canara Bank reports 12% rise in Q1 net profit on higher interest income

Gross bad loans as a percentage of total loans was 11.05 per cent at end-June, lower than 11.84 per cent three months earlier

Karur Vysya Bank Q1 profit declines by 69% to Rs 459.1 million; NPAs rise

Provisions other than tax for the quarter was Rs 4.22 billion

HDFC Bank likely to take fund raising plan from Dalal Street to Wall Street

The FII ownership in HDFC Bank is legally capped at 74 per cent and the current aggregate investment is 73.13 per cent

Ahead of LIC deal, Moody's places IDBI Bank's long-term ratings for upgrade

Currently, Moody's assumes a 'very high' level of support from the government for the bank

HDFC Mutual Fund allots Rs 7.3 billion shares to anchor investors

HDFC MF is the second IPO from the HDFC group after HDFC Standard Life's maiden offering in November 2017

IDBI Bank employees to go on strike on Aug 30 against 51% stake sale to LIC

Other Bank employees to hold protest, agitations and finally a strike against Government decision

Banking to jewellery sector drops by 10%, exports to take a hit: GLEPC

Post the recent incidents, banks and other financial institutions have become stringent and are insisting on a much higher collateral security against bank finance

RBI to go for status quo in August policy review: SBI's eco research wing

RBI's monetary policy committee will start its rate review meeting from July 30 and is expected to announce its call on August 1

RBI has wide-ranging powers to deal with banking frauds, says govt

RBI has informed that the total amount of Notes in Circulation as on July 18, 2018 was Rs 19.28 trillion as compared to Rs 17.74 trillion as on November 4, 2016

Citibank India reports a 6% drop in net profit to Rs 34 billion

Among the key metrics, the bank's net NPAs remained unchanged at 0.5 per cent of the net advances as on March 31, 2018

Vijaya Bank targets Rs 10 bn profit in FY19; income rises to Rs 39 bn in Q1

During the quarter, the provision coverage ratio jumped to 61.18 per cent from 56 per cent in the same period a year before

PNB gets Rs 28.16 bn as part of capital infusion plan via equity shares

The preferential allotment of equity shares to the government will be made after completing the process of regulatory approvals

Citibank India reports decline of over 6% in net profit at Rs 34.03 bn

Among the key metrics, the bank's net NPAs remained unchanged at 0.5 per cent of the net advances as on March 31, 2018