Page 835 - Finance News

RBI status quo on key rate indicates growth will pick up, says FinMin

"The government welcomes the MPC's assessment and notes its decision to maintain the policy rate," he said

Bank of Baroda Q3 net drops 55% as provisions for bad loans nearly double

Gross bad loans as a percentage of total loans stood at 11.31% at December-end, compared with 11.16% in the previous quarter and 11.4% a year ago

SBI posts Rs 24.16 billion quarterly loss for first time in nearly 19 years

Loss mainly due to RBI-mandated reclassification of corporate loans

UCO Bank Q3 net loss widens to Rs 10.16 bn as gross NPAs rise to 20%

Total income of the bank also fell to Rs 37.21 billion from Rs 48.64 billion in the same period a year ago

Central Bank Q3 net loss widens to Rs 16.6 bn as provisions for NPAs double

The provisioning for bad loans and contingencies was at Rs 34.27 billion during the quarter

SBI swings into the red in Q3 at Rs 24.16 bn; NPAs rise 84% to Rs 2 trn

The bank reported a rise in gross NPAs at 10.35% as against 9.83% in the previous quarter ended September.

Fintech Will Change How We Bank

We expect fintech companies playing a significant role in shaking the earning foundation of big banks, as they are significantly reducing costs for consumers

Moody's ups outlook on IOB and Central Bank to positive from stable

Expects moderate improvement in profitability and asset quality stabilisation

Actively considering listing in India, says StanChart

Note ban impact behind us, on track to 12% growth: Muthoot Finance MD

Muthoot Finance Managing Director George Alexander Muthoot says the company is looking at options beyond gold loans

State-owned banks need Rs 2.06 trn for 8-9% credit growth in FY19: Ind-Ra

The rating agency has maintained a stable outlook on private sector banks and large public sector banks (PSBs) for FY19

Base rate linked with MCLR: Home loans taken before Apr 2016 may be cheaper

Home loans taken before April 1, 2016 were based on base rate, which was arbitrarily decided by banks

RBI on a rate cut hiatus: Patel flags fiscal slippage, excessive taxes

RBI Governor Urjit Patel said, 'Monetary policy has become much more flexible in terms of responding to inflation risks'

RBI keeps policy rate unchanged; flags inflation risks, fiscal deficit

Five Monetary Policy Committee members vote in favour of status quo; one votes for 0.25% rise

Have complaints against an NBFC? Soon you'll get a platform to raise issues

The ombudsman will exercise jurisdiction over the companies it in a phased manner, starting with deposit-taking NBFCs

As CBI books Nirav Modi, big fishes feel heat as PSBs begin cleansing act

One cannot rule out disclosure of more such cases of fraud to relevant authorities in the coming months as banks have been asked by the finance ministry to proactively plug in the gaps earnestly

Accretion of fresh NPAs has virtually stopped, says Bibek Debroy

Replying to a query on direct taxes, Debroy said that it was perfectly possible to scrap income tax and other direct taxes

Without more data, a change in repo rate or stance was unnecessary: RBI

Urjit Patel said, 'Our projections indicate there may be a slight rise in inflation this quarter but during 2018-19, it will remain around 4.5%'

RBI monetary policy committee: Relief for MSMEs hit by GST transition

Bankers welcomed the move saying this extension would benefit both MSMEs

Linking bank's base rate to MCLR for loans will bring relief to borrowers

RBI will issue necessary instructions in this regard by the end of next week