Page 860 - Finance News

Karnataka Bank Q2 net down 25% at Rs 93 cr

Total income of the bank in July-September quarter of this fiscal rose by 4.6% to Rs 1,565.75 cr from Rs 1,496.07 cr a year ago

NCLT route cannot be used effectively in all NPA cases, says SBI MD

One size fits all approach may not work in all cases, SBI MD said

AIBEA calls for two-day all-India strike in IDBI Bank over wage revision

Strike to be held on October 24 and 25 with AIBEA calling upon all its unions to support the agitation by demonstrating in front of IDBI Bank branches

Bankers wary of insolvency code as high provisioning looms

Earlier, the general perception among bankers and even policy makers at RBI was that the absence of a strong bankruptcy code was behind the many ills in the banking system

IndusInd net jumps 25% on vehicle loan demand

The company plans to use excess margin from retail loans to subsidise good quality corporate book

Banks need Rs 3.3 lakh crore as NPA provisioning in FY18: Crisil

The provisioning quantum was arrived at after an account-by-account analysis of the economic value of assets underlying large corporate NPAs

In 6 months, you could use one mobile wallet to transfer money to another

RBI has assured of interoperability among mobile wallets,but said all entities would need to have a minimum net worth of Rs 5 crore at the time of application for e-wallet operation

NBFCs go deep into commercial loan territory

The sector is also witnessing some pressure in its asset quality as economy contracts

Dena Bank planning to raise up to Rs 1,800 cr via QIP

The QIP will close on October 13

HDFC to raise Rs 2,500 cr via bonds to boost housing finance business

The issue will open for subscription on October 17 and closes the same day

India may delay implementation of Basel III norms: SBI report

India is largely compliant with the risk-based capital and Liquidity Coverage Ratio (LCR) norms

Canara Bank to raise about $300 mn via overseas bonds

Banking sources said this is follow-on fundraising after it raised $400 million in August

Q2 Banking preview: Mid-sized private banks to outshine peers

Among state-owned banks, SBI and Bank of Baroda are the key picks

Private banks, NBFCs gain at govt banks' expense

Bonds raised by private firms also show a sharp increase

Allahabad Bank Board plans to raise up to Rs 2,000 crore

The Bank's proposed capital raising up to a ceiling of Rs 2,000 crore is inclusive of premium, according to a regulatory filing

SBI chief Rajnish Kumar creates MD post for tackling bad loans

In the three months to June, SBI's gross NPAs rose to 9.97% from 7.40% and net NPAs jumped to 5.97% from 4.36%

No respite for Indian banks as bad loans hit record $146 billion

In the previous six months they had risen 5.8%

SBI partners Moody's Analytics to provide credit certification to employees

The programme addresses RBI mandate for financial institutions to certify the proficiency of all staff in credit management

Govt appoints executive directors in PNB, 8 other PSU banks

Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India

SBI chairman Rajnish Kumar wants staff to be tech-savvy with human touch

He underlined that the banking is passing through very tough times not just in the country but across the globe