Page 799 - Finance News

IndusInd Bank Q4 net jumps 27% to Rs 9.53 bn on higher interest income

Gross bad loans as a percentage of total loans stood at 1.17% at end-March, compared with 1.16% in the previous quarter and 0.93% a year earlier.

Cash crunch: Bank unions threaten agitation, blame RBI, govt for shortage

AIBEA general secretary CH Venkatachalam said that even 16 months since the demonetisation, many ATMs are still not re-calibrated for the newly designed banknotes

RBI to recoup forex reserves despite being put on US watch list: BofA-ML

Last week, the US added India to the currency practices and macroeconomic policies monitoring list

Trade war concerns emerge in Federal Reserve's Beige Book business survey

The words "tariff" or "tariffs" appeared 36 times in the 32-page Beige Book report, compared with 20 references in total from all of the reports compiled over the past two decades

Indian banks' NPA woes: Privatisation no solution; stronger watchdog maybe?

Propping up bloated and inefficient state lenders would seem to ensure a repeat of the current crisis

ICICI Bank chairman meets MF heads over succession plan, if Kochhar quits

Tells shareholders 'institution is bigger than any individual'

Politicians in Delhi solely responsible for the PSB mess: Ex-Sebi chief

Defending public sector banks, Damodaran said privatisation cannot be the solution for all the bad loans issues they face

RBI firm on new NPA rules, says cos should not take loan contract casually

The deputy governor said even some highly rated borrowers had failed on the one-day default norm

Govt approaches NCLAT to attach properties of people involved in PNB scam

It also allows tribunal power to appoint subsequent to an order removing the existing managing director or manager

Here's how ATM, PoS transactions stack up in post-demonetisation era

The number of ATMs in the country peaked in July 2017 and has been in decline ever since

From armoured vans to security rooms: The story of cash logistics

On a daily basis, an average cash logistics company transports Rs 50-80 billion worth of cash nationwide

Loan fraud case: Andhra Bank's ex-director's custody extended by one month

The FIR had alleged that Garg infused several billions of his unaccounted money in various companies through several Kolkata-based bogus shell companies

Credential Finance, set up by Kochhar bros, failed to repay Rs 300-mn loans

Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group

ATM players seek higher interchange to meet cost of new RBI regulations

The confederation of ATM Industry (CATMi) has been in talks with the regulators to raise interchange for the past three to four years

SBI India's most trusted bank, ICICI tops in private sector: Report

The report, however clarified, the survey was carried out during November-January and did not take into account the recent reports of irregularities involving the ICICI Bank

Business as usual: RBI crackdown fails to deter bitcoin traders

RBI directive proved opportune for a lot of traders who used dip in bitcoin and other virtual currency prices to their advantage by buying even more and holding it in their private wallets rather

ATMs go dry: PM gave our money to Nirav, says Rahul; RBI denies cash crunch

Several states are facing a cash shortage despite currency flows in the economy at the pre-demonetisation level

Rs 29-bn Rotomac case: CBI questions former Bank of Baroda CMD, 5 others

Besides M D Mallya, former executive directors V Santhanaraman and R K Bakshi were among those questioned by the agency

Govt to launch India Post Payments bank soon, seeks RBI approval

The IPPB, which is currently running pilot services in Raipur and Ranchi, needs a go-ahead from RBI for the software used for system integration

Deutsche Bank shelves $4.6-bn India portfolio sale to IndusInd: Sources

The bank's new CEO, Christian Sewing, and retail head Frank Strauss decided that Deutsche Bank didn't get a price that justified selling the profitable unit