Page 778 - Finance News

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

Jana Small Finance Bank to launch 2-wheeler loan products next year

Bank eyes total loan book size of Rs 100 billion by end of FY19

Bandhan Bank Q1 net profit jumps 47% to Rs 4.82 billion, NPA up by 0.64%

The bank's shares were trading at Rs 580.25 apiece on BSE at around 1.15 PM, up 3.25 per cent

Several mutual fund players give IDFC a miss on valuation concerns

Buyers didn't go-ahead with the deal as at valuation of Rs 35 billion, IDFC was looking for an earnings multiple of 65 times its trailing 12-month earnings

Scam-hit PNB nets Rs 1.5 billion in FY18 as below minimum balance penalty

The bank charged Rs 320 million as penalty in the first quarter of FY18, Rs 290 million in the second, Rs 370 million in the third and Rs 530 million in the fourth quarter.

Finmin to infuse Rs 113 bn in 5 PSUs to meet regulatory capital requirement

PNB, hit by Nirav Modi scam, will get the highest amount of Rs 28.16 bn out, while Allahabad Bank to get Rs 17.9 bn

NPA crisis: ICICI audit committee hires law firm to probe into 31 accounts

The audit committee of the board of directors of the bank has three members chaired by Uday Chitale, Dileep Choksi and Radhakrishnan Nair

Can Yes Bank emulate its peers' success in the mutual fund business?

Getting the right people would be key; ex-CEO of DHFL Pramerica MF Suresh Soni in the running to head Yes AMC

Six PSBs, including PNB, may get capital infusion of Rs 80 billion: Report

In May this year, the finance ministry had begun the process of ascertaining the amount of capital to be infused into PSBs this financial year

Few branches, ATMs: How India's banking revolution left villagers behind

Many Indians were forced to get bank accounts when Modi demonetized 86 percent of India's cash overnight in November 2016

DCB Bank plans to raise capital in Q2 of FY20 for rapid growth in loan book

The specific timing for capital offering will depend on market conditions

RBI cites investor protection to justify cryptocurrency ban in India

The central bank has been arguing there's a security risk because the wallets are stored electronically where the currencies are kept

Punjab National Bank appoints i-bankers for stake sale in housing arm

CEO Mehta said the bank will go to the market to offload the stake in the housing finance subsidiary at the right time

PNB opens second loan processing centre in Mumbai to boost recovery

Bank's first CLPC is located at Connaught Place branch in New Delhi

IDBI Bank will soon approve allotment of preference shares to LIC

The bank would also get accounts of about 220 million policy holders and subsequent flow of fund