Page 853 - Finance News
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
 "Bank of Maharashtra posts Rs 23-cr loss")
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
 "Axis Bank to raise Rs 11,600 cr from Bain Capital, LIC")
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 picks 20 more firms for referring to NCLT")
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
 "Allahabad Bank Q2 net rises 8% to Rs 70 crore despite rise in NPAs")
Bank of India Q2 net up 41% at Rs 179 cr, asset quality improves
Net interest margin flat at 2.15%; deposits down 2%
 "Bank of India Q2 net up 41% at Rs 179 cr, asset quality improves")
SBI net profit down 38% on higher provisioning
SBI share price gains 6%, as asset quality improves
 "SBI net profit down 38% on higher provisioning")
Dena Bank Q2 loss widens to Rs 185 crore, asset quality worsens
Bank's asset quality worsened at the end of September quarter of 2017-18 with the NPAs hitting 17% of gross advances
 "Dena Bank Q2 loss widens to Rs 185 crore, asset quality worsens")
Bad loans: SBI expects most cases from RBI second list to go to NCLT
The country's largest bank has an exposure of Rs 26,636 crore to 27 of about 30 such accounts listed by the RBI
 "Bad loans: SBI expects most cases from RBI second list to go to NCLT")
SBI Q2 standalone net slips by 38% to Rs 1,582 cr
Total income on standalone basis increased to Rs 65,429.63 crore in July-September 2017 against Rs 50,742.9 crore in the same period a year ago
 "SBI Q2 standalone net slips by 38% to Rs 1,582 cr")
Banks' loans rise 7% in two weeks to October 27; deposits up 9%
Bank deposits fell Rs 27,280 crore to Rs 108 lakh crore in the two weeks to October 27
 "Banks' loans rise 7% in two weeks to October 27; deposits up 9%")
Bank of India Q2 net profit rises 41% to Rs 179 cr
The bank had net profit of Rs 126.84 cr in July-Sept of previous fiscal year
PSB conclave to focus on governance, NPA resolution, credit revival
Job growth, consolidation also on the agenda
 "PSB conclave to focus on governance, NPA resolution, credit revival")
Limited room for rate cut, says SBI chief
SBI reduced its lending rate for home and auto loans by 0.05 percentage points
Provide doorstep banking to those above 70 years, differently-abled: RBI
Issuing a notification in this regard, RBI said it has been observed that there are occasions when banks discourage senior citizens
 "Provide doorstep banking to those above 70 years, differently-abled: RBI")
Limited scope for further cut in interest rates: SBI Chief Rajnish Kumar
The SBI, last week, reduced its lending rate for home and auto loans by 0.05 percentage points
 "Limited scope for further cut in interest rates: SBI Chief Rajnish Kumar")
IDFC Bank partners with MobiKwik to launch virtual in-app prepaid card
The co-branded card is set to be launched in early December
Avendus Capital acquires Zodius Platform
Plans to launch a $250-million Zodius Growth Capital Fund
 "Avendus Capital acquires Zodius Platform")
IT expertise at banks' board level a must to tackle cyber threats: RBI
Banks need to prepare themselves with as much speed as possible as: RBI
SBI eyes profitable expansion outside India, to open more branches in Nepal
India's top lender, with assets of more than $500 billion, was catapulted into the league of the top 50 global banks this year
 "SBI eyes profitable expansion outside India, to open more branches in Nepal")
RBI's liquidity clean-up to push bond yields
Central bank has become more aggressive in its liquidity absorption exercise and sold Rs 90,000 crore of bonds in the open market
 "RBI's liquidity clean-up to push bond yields")