Page 777 - Finance News

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

Forex reserves continue to fall; down $734.5 million to $405.07 billion

India's reserve position with the IMF also declined by $ 13 million to $ 2.476 billion

ECGC to hike export insurance premium as claim payments shoot up

Gems & jewellery, garment sector top the chart in claims

Liquidity crisis for gems, jewellery sector as Nirav Modi case scares banks

Lenders are seeking 200% collateral and unusual compliance to avoid loan disbursement

RBI to soon introduce lavender-coloured Rs 100 note: Salient features

The new note in the Mahatma Gandhi (New) Series has a base colour of Lavender, unlike the current Rs 100 denomination note which has a green base

Housing prices rise slower at 6.7% from 10.4% in top 10 cities in FY18: RBI

Kochi recorded the highest sequential rise in the HPI at 11.2%, while Kolkata recorded a minimal rise of 0.5% in the HPI, for the fourth-quarter ended March 2018

Kotak Mahindra Bank consolidated Q1 net up 17% to Rs 15.74 bn

Total income up 15% YoY to Rs 99 bn; Gross NPA at 1.93% for the quarter, against 2.24% a year ago and 1.95% in the immediately preceding quarter ended March 2018

The most important number in finance on its way out: All you need to know

Published daily, Libor is an interest rate benchmark, or the basis for many other interest rates

RBL Bank's Q1 result meets estimates; profit up by 35% to Rs 1.9 bn

The bank's provision coverage ratio grew by 250 bps over the previous quarter to 60.41 per cent

Edelweiss' NBFC arm ECLF to raise up to Rs 20 bn via public issue of bonds

The public issue of secured redeemable non-convertible debentures will offer an interest rate of 9.45 per cent per annum for 36-month tenure; 9.65 per cent for 60 months and 9.85 per cent for 10 years

RBL Bank Q1 profit surges 35% to Rs 1.9 billion, revenue up by 30%

RBL Bank's gross non performing assets (NPAs) decreased to 1.40%

Q1 earnings preview: Banking sector will take some more time to revive

While there is no clear trend for the sector as a whole, the quarter may be in favour of private banks

LIC-IDBI Bank deal: Large exposure to PSUs hurts insurer returns

Insurer's stock portfolio has underperformed the Sensex

HDFC Mutual Fund's market debut to bring a windfall for key employees

HDFC MF has had a history of stock options and gave additional ESOPs to key staff a few months ago

Lead bank must play key role for quick decisions, says PNB MD Sunil Mehta

Bankers will have to start making effort to resolve the assets before going to NCLT. If we start referring every issue to NCLT, it will also get clogged

Govt proposes bill to curb ponzi schemes, 10-yr jail for duping depositors

The govt prescribes monetary penalty and jail term which could be extended up to 10 years for duping gullible depositors