Page 797 - Finance News

Punjab National Bank eyes 11% growth in total business to Rs 12 trillion

In a bid to curb frauds, the bank said it had tightened bank's credit underwriting norms and put in place an off-site monitoring to identify risks

Credit underwriting norms tightened to curb frauds, says PNB

The second largest public sector lender had reported an alleged fraud of over Rs 130 billion by diamantaire Nirav Modi in February-March this year

Bank will bounce back from fraud hit in 6 months, says PNB Chief

In February, PNB reported the Rs 130 billion fraud committed by the accused diamantaire Nirav Modi and his uncle Mehul Choksi -- both of whom are on the run

Easier bond market rules for FPI cheer public-sector bank stocks

Bond yields could slip, easing mark-to-market provisioning pain for banks; housing finance companies can access foreign borrowings

We will turn around with Rs 1 billion profit in 2018-19: C V R Rajendran

We need to grow the balance sheet, which did not grow for the past three-four years due to lack of capital

MFIs see slowdown in bank funding despite a fall in the cost of funds

The average cost of funds for MFIs is 12-15 per cent, depending on their size

With lower fertility rate, will south India lose out to north in finance?

In 2016, Tamil Nadu's total fertility rate-the number of children a woman will have in a lifetime-was the lowest among India's large states at 1.6

BSE chairman among those named in CBI FIR for Rs 6-billion loan fraud

The officials whose residences were searched today included Amita Narayan, R K Bansal, S K Srinivasan, R S Vidyasagar, Bharat Pal Singh and Medha Joshi, the head of the Risk unit

First loss means worst is over for Axis Bank as shares surge: analysts

Axis's CEO Sharma will step down at the end of 2018, more than two years before the proposed end of her term, after the regulator reportedly question the lender's performance

RBL Bank Q4 profit rises 37% to Rs 1.7 bn

Total income increased to Rs 15.34 bn during the March quarter of 2017-18 from Rs 12.22 bn in the same period of the previous fiscal

Yes Bank net profit jumps 29% in March quarter as loan book swells

Reflecting the hardening of the bond yields since last November, the non-interest income grew by a slower 13 per cent to Rs 14.2 billion

Bandhan Bank March quarter profit rises 20% YoY to Rs 3.87 billion

Interest income stood at Rs 30.32 billion for the year, up 26.1 per cent. Non-interest income shot up by 71.8 per cent to Rs 7.06 billion

Axis Bank posts first quarterly loss since listing in 1998 at Rs 21.8 bn

Asset quality deteriorated because gross NPAs as a percentage of advances increased to 6.77 per cent in the March quarter from 5.28 per cent in the December quarter

IDBI Bank fraud: CBI books two bank chiefs, ex-Aircel promoter Sivasankaran

Cases against Syndicate Bank, Indian Bank MDs, 13 senior IDBI Bank executives

SBI may integrate broking biz with SBI Caps as part of restructuring

The broking business of the SBI group is managed by SBI Caps Securities, a wholly owned subsidiary of SBI Capital Markets

PNB fraud: CBI finds major lapses, to file chargesheet next month

CBI has found major lapses by bank officials while issuing LoUs to jewellery Nirav Modi's entities via the foreign branches of other Indian banks

Bank credit grows 12% to Rs 85 trillion in fortnight ended April 13: RBI

In the previous fortnight ended March 30, 2018, banks loans grew by 10.32% to Rs 86.5 trillion

Fraud-hit PNB to hire detective agencies to locate untraceable borrowers

The Delhi-headquartered bank has been at the receiving end of the over Rs 130 billion fraud involving diamond merchants Nirav Modi and Mehul Choksi

Rising rates: Stay nimble; invest in shorter duration fixed deposits

With banks signalling a rise in rates, it is good news for the depositor

ICICI Bank to keep home finance as standalone arm, drops plan to sell stake

While most banks and their housing finance arms tend to step on each other's toes, ICICI Home Finance wants to target profiles that its parent bank seems to be overlooking