Page 859 - Finance News

MPC minutes show clear unease on rising inflation

Credibility of MPC will be tested in the months ahead: Executive Director Patra

Banks to provide funds at 7% to women SHGs: RBI

RBI issues the revised guidelines on interest subvention scheme under DAY-NRLM

IDBI Bank employees call for 2-day strike from Oct 24

The employees are demanding wage revision from November 2012 to October 2017

Axis Bank Q2 net jumps 36% to Rs 432 cr but bad loans rise

Gross NPAs and net NPAs stood at 5.9% and 3.12% in September quarter against 5.03% and 2.30% in the June quarter respectively

Now, buy fuel with Airtel Payments Bank at 1,500 AP, Telangana HPCL pumps

All Airtel Payments Bank customers would also be able to access a range of convenient banking services at these fuel stations

Bajaj Finance's Q2 profit up by 37% at Rs 557 cr

Net interest income up 41% to Rs 1,958 cr, total income up 33% to Rs 2,341 cr; gross NPAs improve marginally

NIMs to stay robust in second half of FY18: Federal Bank's Shyam Srinivasan

He has also seen a rise in use of working capital limits in some pockets, like textiles and he believes that the full effect of GST will be seen in Q3

Federal Bank Q2 net up 30.8% to Rs 263 cr on robust interest income

Federal Bank's stock was trading 3.16 per cent up at Rs 121 per share on BSE

DCB Bank Q2 net rises 21% to Rs 59 crore

DCB Bank stock closed 0.65 per cent down at Rs 189.90 on BSE today

Post merger deal, Bharat Financial shares end 1.5% up; IndusInd slips 1.8%

Induslnd bank will acquire Bharat Financial Inclusion Ltd and the transaction is expected to be completed in next 10 months

Moody's affirms rating on SBI's bond programmes, maintains stable outlook

The outlook on all the long-term ratings is positive

Most-bought and most-sold stocks by MFs in September

SBI MF, in particular, took major interest in IndiGo and cornered shares worth Rs 800 crore alone

Bond market braces for extra borrowing

The target is 3.2 per cent of gross domestic product and doesn't look achievable - the government is undershooting its revenue and tax targets

Banks begin to accept GST input claims to grant working capital

Banks are looking at input credit in deciding how much working capital loans they should advance

Dec rate cut likely after Sept's soft CPI inflation: BofAML

RBI at its policy review meeting earlier this month kept the key interest rate unchanged at 6%

Jaitley blames media, says never spoke about fiscal stimulus

His remarks came amidst an increased speculation over a possible fiscal stimulus which can go above Rs 40,000 crore after six successive quarters of dip in the economic growth

Aadhaar helped govt save $9 bn by eliminating fraud: Nandan Nilekani

Around half a billion people have linked their Aadhaar ID to a bank account, claims UIDAI's ex-chairman

Cooperative banks hit by farm loan waivers, brace for high NPAs

As on March-end 2016, absolute NPAs of district central cooperative banks stood at Rs 22,406 cr

Provisioning under IBC not unusually high: RBI Deputy Governor

RBI has directed banks to set aside 50% cover in the form of provisions for the cases referred for insolvency proceedings

Dena Bank raises over Rs 401 cr via QIP

Shares of the bank today closed 0.17% up at Rs 30.30 per unit on BSE