Page 837 - Finance News

Bank of Maharashtra Q3 net loss widens three-fold to Rs 5.96 billion

Net NPAs too rose to 12.17 per cent of the net advances by end of the third quarter from 10.67 per cent in same period a year ago

RBI to turn hawkish, keep rates on hold through middle of 2019: Poll

When asked at what level of inflation the RBI would consider taking rates higher, the consensus was 6 per cent, the upper limit of the central bank's inflation target

How $30 bn hit looms for banks if new accounting rule kicks in on April 1

If advances grow more than 7 per cent or 8 per cent, banks may need $14 billion toward additional provisioning even after the recapitalization IndAS estimates

Budget impact: RBI in a fix, market eyes rate hike amid confidence crisis

Governor Urjit Patel needs to keep interest rates low to ensure Prime Minister Narendra Modi can bridge a widening fiscal deficit

Bank of Baroda cuts six-month MCLR To 8.15%, keeps one-year MCLR unchanged

The lender has also decided to discontinue the computation and declaration of MCLR for tenors above one year

Budget impact: RBI may keep policy rates unchanged, talk tough on inflation

We expect the Monetary Policy Committee to tilt towards a hawkish tone from its neutral tone, say economists

Indian bond yields rise further on US cues; RBI stance to be in focus

A strong US payrolls report on Friday raised concerns the Federal Reserve might hasten to increase interest rates to stem inflation, that pushed the yield to a four-year high

Monetary policy: RBI to pause for sure on Feb 7, but for how much longer?

A poll by Business Standard of 12 economists and treasurers showed there was agreement that there will be a pause this time

ICICI Bank sees March quarter margin settling at 3.5%: Official

In the December quarter performance announced last week, the bank had reported a domestic NIM of 3.53 per cent

Indian Bank revises rates on Foreign Currency Non-Resident deposits

For deposits of two years and above but less than three years, the interest rates were revised to 3.31% from 3.08%

Foreign control over Indian banks should be reviewed, says Y V Reddy

Foreign shareholding in the largest private sector banks is well over 70%

Committed to bank consolidation and privatisation of IDBI bank: Jaitley

Jaitley argued that merging two weak banks or merging a weak bank with a strong one is not an option

RBI once again cancels Rs 110 bn-worth bond auction as yields shoot up

This is the third time since December 29 that the central bank has cancelled, either fully or partly, an auction

RBI should fix responsibility for excess in NPAs: Former Governor Y V Reddy

Former RBI Governor Y Venugopal Reddy steep rise in NPAs in public sector banks was more to do with their governance rather than a systemic problem

Win some, lose some: ICICI Bank Q3 net profit falls 32%, revenues up 10%

Bad loan accretion sees some respite and loans grow 15%, but net falls by 32.4% and core revenues up only 10%

ICICI Bank Q3 net drops 32% to Rs 16.5 bn; smallest profit in 7 quarters

Gross bad loans as a percentage of total loans stood at 7.82% at the end of December, compared with 7.87% at Sept. 30 and 7.2% a year earlier.

Rs 800-bn bank recapitalisation bonds to have 10-15-year tenure: Jaitley

Coupon rate fixed at 7.35-7.68%

SBI jacks up bulk deposit rates by 50-140 bps in second hike in 2 months

Move comes at a time when the banking system is facing liquidity squeeze; no major impact on cost of funds, says bank

Bank recap: CRISIL upgrades outlook on 18 PSBs from negative to stable

CRISIL said ratings assigned to Basel III tier I bonds have been reaffirmed for nine PSBs and outlook has been retained as 'Negative'

Capital infusion is govt's recognition for IOB's turnaround strategies: CEO

As part of bank recapitalisation plan, the lender got Rs 46.94 bn from govt