Page 879 - Finance News
IDFC Bank aims to triple branches, increase POS by 100% in 36 months
The bank is unlikely to wait for the merger with Shriram Group to follow through with plans
 "IDFC Bank aims to triple branches, increase POS by 100% in 36 months")
IDFC Bank Q1 net up 65% to Rs 437 cr
Net profit in the corresponding quarter in FY16 stood at Rs 264.76 crore
Farm loan waivers contribute to Bandhan Bank's rising NPA
Darjeeling standoff will add to the new lender's woes
 "Farm loan waivers contribute to Bandhan Bank's rising NPA")
Axis projects returns from Rs 385-cr FreeCharge acquisition in 2-3 years
The bank projects that its customer base will double with the acquisition
 "Axis projects returns from Rs 385-cr FreeCharge acquisition in 2-3 years")
ICICI Bank Q1 net declines 8% to Rs 2,049 cr
Gross NPAs rose to 7.99% as compared to 7.89% in Q4 of FY17
 "ICICI Bank Q1 net declines 8% to Rs 2,049 cr")
YES Bank stock hits record high on 32% increase in Q1 net
Meanwhile, YES Bank's board on Wednesday approved a 5-for-1 stock split of equity shares
 "YES Bank stock hits record high on 32% increase in Q1 net")
We expect to grow to $370 billion by 2020: CPPIB Asia Pacific head
In terms of overall portfolio, on March 31, 2017, the CPP Fund totalled $316.7 billion
 "We expect to grow to $370 billion by 2020: CPPIB Asia Pacific head")
Indian banks most at risk among S-E Asian peers: Survey
Moody's polled 210 market participants on some of the industry's most pressing credit issues
 "Indian banks most at risk among S-E Asian peers: Survey")
Cabinet liberalises norms, sovereign gold bonds to soon be available on tap
Multi-fold increase in holding limits: Physical and paper gold to be on par for short-term funding
 "Cabinet liberalises norms, sovereign gold bonds to soon be available on tap")
Anuj Puri to launch realty-focused NBFC
Puri's ANAROCK joins a league of property-focused NBFCs such as Piramal Finance, Xander Finance
 "Anuj Puri to launch realty-focused NBFC")
All eyes on RBI policy meetings
The short-term trend most recently bounced from support at 9,450 in late June
 "All eyes on RBI policy meetings")
MFs build second line of fund managers amid top-level exits
Move to ensure smoother transition in future during such eventualities
 "MFs build second line of fund managers amid top-level exits")
FIIs restricted from buying shares in Capital First
The RBI monitors ceilings on FII/NRI/PIO investments in Indian companies on a daily basis
 "FIIs restricted from buying shares in Capital First")
YES Bank net profit up 32%; board okays 5:1 stock split
Net profit is helped by 44% growth in net interest income to Rs 1,809 crore
Federal Bank not ready for an exit from insurance JV: MD Shyam Srinivasan
Partners are currently in the process of calculating the value of IDBI Federal Life Insurance
 "Federal Bank not ready for an exit from insurance JV: MD Shyam Srinivasan")
Federal Bank Q1 net up 25.6% at Rs 210.15 cr on robust operations
There were only one or two large accounts that slipped during the quarter, in line with guidance
 "Federal Bank Q1 net up 25.6% at Rs 210.15 cr on robust operations")
YES Bank Q1 net up 32% at Rs 966 cr as gross bad loan ratio falls
Gross bad loans as a percentage of total loans fell to 0.97% in Q1 from 1.52% in Q4FY17
 "YES Bank Q1 net up 32% at Rs 966 cr as gross bad loan ratio falls")
Bharat Financial Q1 net loss at Rs 37 cr on elevated provisions, fin costs
However, on a sequential basis, there is a marked decline in net loss as well as provisioning in Q1
 "Bharat Financial Q1 net loss at Rs 37 cr on elevated provisions, fin costs")
10 PSU banks submit turnaround plans
Indian Overseas Bank is currently in the process of preparing its turnaround plan
 "10 PSU banks submit turnaround plans")
Lender's rebuttal: Application against Essar Steel authorised under SBI Act
Ongoing hearing of insolvency proceedings against Essar Steel at NCLT bench was put off for July 26
 "Lender's rebuttal: Application against Essar Steel authorised under SBI Act")