Page 880 - Finance News

Accounting relief for IndAS companies

This is so because these are already adjusted to book profits under minimum alternate tax

Axis Bank net dips 16% in Q1

Little support from interest income weighed on net profit, though it bettered Street's expectations

76 banks report 5,076 cases of active banking frauds in FY17, says Gangwar

MoS for Finance said that SBI reported 544 cases of frauds which caused a loss of Rs 1,91,295 lakh

10 public sector banks have submitted turnaround plans, says Gangwar

The mechanism of quarterly performance of PSBs will be monitored by SBI Capital Markets

Axis Bank June quarter net profit falls 16% to Rs 1,360 cr

Gross bad loan ratio as a percentage of total loans came in at 5.03 per cent at end-June

Bitcoin recovers after roller coaster ride, exchanges advise caution

A new solution to raise deal speed is expected to avoid hiccups in trading when launched on August 1

Moody's downgrades IOB, Central Bank

For Axis Bank and ICICI Bank, the agency said it expects the pace of bad loan formation to decline

HDFC Bank Q1 net up 20% at Rs 3,893 cr on strong revenue growth

Asset quality of the bank saw a slight deterioration as gross NPA stood at 1.24%

HDFC Bank awaits farm loan waiver details after higher Q1 provisions

Experts warn that waivers could distort credit culture, pile up pressure on India's banking sector

HDFC bank Q1 net profit up 20%; misses estimate as bad loan rise

HDFC bank net profit rose to Rs 3,894 cr in Q1, versus Rs 3,239 crore a year ago

New Bill empowers RBI to direct banks to resolve NPAs, appoint advisors

NPAs have risen over Rs 9 lakh crore, RBI can now refer cases to Insolvency and Bankruptcy Board

HDFC Bank Q1 net profit up 20% at Rs 3,893 cr; NPAs rise marginally

Total income rose to Rs 22,185.38 crore during the quarter under review, up 14.81% y-o-y

Govt nominees on RBI MPC to get Rs 1.5 lakh a meet, reveal assets every yr

All MPC members will need to observe a silent period of 7 days before and after the rate decision

PNB, BoB, Syndicate to raise Rs 7,000 crore via AT-1 bonds

Banks in India raised Rs 45,290 crore in capital by issuing AT-1 bonds in 2016-17: ICRA

Creation of bad bank is difficult but will be very helpful: Kenneth Rogoff

There is constraining private sector investment while PSBs are carrying lot of bad loans: Rogoff

S&P 500's Biggest Pension Plans Face $382-Bn Funding Gap

Biggest reason is the poor returns they got from their assets in superlow interest-rate environment

Downgrade cloud on Syndicate Bank

Syndicate's Common Equity-1 level of 7.5% at end-March was weaker than other 'AA+' rated peers

Interview for RBI deputy governor's post on July 29

A few names from the private sector have also been shortlisted, sources said

Bank mergers to benefit sector, end duplication of resources: Dena Bank CMD

Centre aims to gradually build up 4-5 PSBs of SBI's size through consolidation

Canara Bank-led consortium seeks buyer for 270 Mw Maharashtra power plant

IDBI Capital has invited an expression of interest to take over the thermal power project