Page 793 - Finance News

BoB bleeds as bad loan provision rises, posts a whopping Rs 31-bn loss

Asset quality of the bank worsened as gross NPAs surged to 12.26 per cent of gross advances as of March 31, 2018

Bank of Baroda posts Rs 31.02 bn loss for Jan-Mar as bad loans surge

Total income dropped to Rs 127.35 billion in the last quarter of 2017-18 from Rs 128.52 billion in the year-ago period

IDBI Bank Q4 net loss widens to Rs 56.63 bn on rise in provisions

IDBI Bank's gross NPA soared to 27.95 per cent of its loans at March 2018-end compared to 21.25 per cent at the end of March 2017

Karur Vysya Bank Q4 net falls by 77% to Rs 505.6 mn, gross NPA rises 7%

Gross NPA increased sharply to 6.56 per cent as on March 31, 2018, as against Rs 3.58 per cent reported a year ago

ICICI Bank's digital push: sets up innovation lab, enters fintech tie-ups

The bank has a Rs 1 billion fund for fintech partnerships

From hope to happiness: Analysts find SBI's FY20 plan credible

SBI would work to bring down the share of gross NPA below six per cent by March 2020 from 10.91% at the end of March 2018

City Union Bank posts 18% rise in net profit for Q4 at Rs 1.52 billion

Net Interest Income increased by 18 per cent to Rs 3.68 billion from Rs 3.11 billion

Despite SBI reporting Rs 77-bn loss in Q4, worst is likely over for PSBs

Balance sheet clean-up boosts investor confidence, experts expect earnings to improve in FY19

Fitch assert IDBI Bank ratings on expectation of better core capital levels

The IDR rating reflects Fitch's expectation of a moderate probability of extraordinary state support due to the bank's waning market position and systemic importance

HSBC black money list: ED order based on conjectures, says Burman

The Income Tax Department had earlier filed a charge sheet against Burman before a Delhi court in this instance and the trial in the case is yet to commence

Q4 result: State Bank of India starts new financial year with cleaner slate

While balance sheet clean-up led to a Rs 77 bn loss in Q4, analysts say worst seems over

State Bank of India posts record loss of Rs 77 bn in Q4; stock rises 3.7%

Surge in provisions for NPAs, erosion in value of investments take toll

SBI stock surges 3.7% on hopes that worst on NPAs is behind

State Bank of India posts record loss of Rs 77 bn in Q4

State Bank of India set to sell stake in insurance arm soon

The bank is planning to sell its stake in SBI General Insurance, SBI Card and SBI Capital Market

SBI Q4 loss widens to Rs 77.18 billion as higher NPAs worsen asset quality

Provisions for non-performing assets (NPA) stood at Rs 240.80 billion, against Rs 109.93 billion a year ago

Banks free to choose base rate

Nirav Modi scam: PNB Ex-MD knew it all, could have averted Rs 130-bn fraud

In its 12,000-page charge sheet, CBI claims that Usha Ananthasubramanian and some other senior bank officials were aware about Nirav Modi's fraudulent dealings, but kept misleading RBI

Cibil says banks missing out on credit-worthy consumers

It can be noted that banking regulator Reserve Bank of India (RBI) has been flagging concerns on retail loans being the panacea for banks, which are saddled with reverses on the corporate lending side

State Bank of India to post Rs 20.76 billion Q4 loss, expect analysts

Provisioning for depreciation of investments also affected the bank's bottom line

Four years of Modi govt: Jan Dhan Yojana brings down inequality, leakage

The fourth part of the series on NDA government's flagship programmes analyses the financial inclusion scheme