Page 852 - Finance News

Bank of Baroda Q2 net down 36% at Rs Rs 355 cr on bad loans

Provisions for non-performing assets rose about 13% to Rs 1,847 crore

First tranche of bank recap bonds likely in December

The government, the RBI, and banks are in the final stages of discussion on bank recapitalisation bonds

IT spending by Indian banks to reach $9 bn in 2017: Gartner

Major banks introduced various mobile payments and banking applications for their retail and corporate customers

Finance Ministry directs PSU banks to deal swiftly with burgeoning NPAs

Finance ministry also asked banks to look at a differentiated approach so as to create niche for them

PSB ThinkShop: Banks seek change in lending structure to improve efficacy

The meet ended with bankers making a presentation to Finance Minister Arun Jaitley

RBI rejects Islamic banking in India, says equal access available to all

Islamic or Sharia banking is a finance system based on the principles of not charging interest, which is prohibited under Islam

RBI says won't pursue proposal to introduce Islamic banking in India

Islamic or Sharia banking is a finance system based on the principles of not charging interest, which is prohibited under Islam

RBI seeks fresh applications for CFO post

The CFO will formulate accounting policy of the bank

Statsguru: Future of banking in India

Banks need to fundamentally reorient their business and adopt new strategies: Report

Bank recap tied to reforms, govt tells PSBs

'It's not an easy money which is going to come, that is the main point,' said Rajiv Kumar, financial services secretary

MSMEs to be next growth driver for bank as corporate credit to give pain

Because the proportion of customers with two or more loans and availing a third one went up from 34% in Q2 of 2015 to an estimated 44% in Q2 of 2017

Govt to inject more capital in PSBs to strengthen banks, economy: Jaitley

Non-performing assets of PSBs have increased to Rs 7.33 lakh crore as of June 2017, from Rs 2.78 lakh crore in March 2015

RBI remains net buyer of dollar in Sept, snaps up $1.3 bn from spot market

RBI intervenes in the foreign market to contain volatility in the rupee and not set a price band

First demonetisation, then loan waiver, onion farmers' bank is in tatters

Only 9% of loan repayments due have been made in 2017 to NDCC bank in 2017, compared to 70% in 2016

Most names on RBI's second list to land in NCLT: SBI chief Rajnish Kumar

Of the 29 cases on the RBI's second list, SBI has an exposure to 27 companies with loans amounting to Rs 26,636 crore

Bank of Maharashtra posts Rs 23-cr loss

The bank's total Capital Adequacy Ratio (CAR) was at 11.28 per cent as of September 30, 2017

Axis Bank to raise Rs 11,600 cr from Bain Capital, LIC

The bank will raise Rs 9,063 crore from the share sale and Rs 2,563 crore from the sale of warrants

Allahabad Bank picks 20 more firms for referring to NCLT

The bank had lent to nine of the 12 firms, and was an investor in one of the accounts

Allahabad Bank Q2 net rises 8% to Rs 70 crore despite rise in NPAs

Net NPAs rose to 8.84 per cent of net loans, from 8.59 per cent

Bank of India Q2 net up 41% at Rs 179 cr, asset quality improves

Net interest margin flat at 2.15%; deposits down 2%