Page 800 - Finance News

Cash crunch temporary, normalcy to be restored within a week: SBI chief

Reiterating Union Finance Minister Arun Jaitley's stance on the currency in circulation, Kumar said that the scenario is temporary

Over 250 corporates come on board for ICICI Bank's blockchain platform

ICICI Bank became the first bank in the country to successfully undertake pilot transactions in international trade finance

Demonetisation redux? ATMs again running dry across states amid cash crunch

States like Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar, Andhra Pradesh, Manipur and Telangana have so far reported a shortage of cash at ATMs

Gitanjali Gems: ICICI Bank places application in NCLT

ICICI Bank approached the Bench and informed them of the lender's wish to see that their security interests are protected whenever the Bench pronounces an order in the matter

Kotak Mahindra Bank pips State Bank of India in market capitalisation

Kotak Mahindra Bank also, for the first, time has become the second-most valued bank in the country after HDFC Bank, which commands a market capitalisation of Rs 5.03 trn

UCO Bank: Rs 7.6-bn provisioning done against fraud involving ex-chairman

Besides Kaul, it has booked EEIL, the latter's chairman, Hem Singh Bharana, and two chartered accountants (CAs), Pankaj Jain and Vandna Sharda

Loan sale-down activity by banks, NBFCs shrinks by 7% in FY18

Priority sector loan paper trading grows threefold

PNB scam, fiscal slippage dent business optimism in June quarter: Report

Dun and Bradstreet said in its report that business optimism had hit 91% in the first quarter of 2018

UCO bank set for biggest drop since 2003 as CBI takes case against Ex-chief

Shares of the Kolkata-based bank fell as much as 18 percent before trading down about 8 percent as of 11:10 a.m. in Mumbai on Monday

Borrowing plan: States edge out corporates from bond market

Move may raise borrowing cost for companies across tenures, say experts

Coinsecure's search for stolen bitcoins begins, writes to 42 exchanges

Firm ropes in US-based blockchain investigative firm Chainalysis to track the movement

As banks shy away from education loans, NBFCs see a lucrative opportunity

PSBs still give 95% of these but much of this is under priority sector lending orders, with high NPAs; the small ones are nimbler and growing much faster in this

Statsguru: Holding a fine balance between 11th and 14th Finance Commission

The Commission had recommended that states' share in divisible tax pool be raised to 42% between 2015 and 2020

PNB scam: ICAI sends notices to statutory auditors of Brady House branch

This is a primary investigation and the board wants to ascertain whether the auditors were at fault

IDBI Bank prepares roadmap for NPA reduction, improving financial health

Strategies have been drawn to ensure that the NPAs are reduced in a structured manner by taking help of Insolvency and Bankruptcy Code (IBC) and other means

CVC seeks details of frauds from banks to devise preventive mechanism

CVC said the exercise to collect and analyse data is to find out what kind of frauds are happening in the banks

Banks' NPAs to rise by Rs 80 bn in Q4 on account of Gitanjali Gems

Till December 2017, the loans to Gitanjali Gems were standard and regular debt servicing was being done

Rs 6.21-billion fraud: CBI books former UCO Bank CMD Arun Kaul, others

Kaul, who was the CMD of a Kolkata-based bank between 2010 and 2015, allegedly facilitated the accused company in obtaining the loan

Reclassification helps govt rein in fiscal deficit to 3.4% of GDP in FY18

The total non-tax revenue for 2017-18 was already revised downwards to Rs 2.36 trillion from Rs 2.9 trillion

DCB Bank Q4 net profit rises to Rs 640 mn on increase in operating profit

It had posted a profit after tax (PAT) of Rs 530 million in the year-ago period