Page 881 - Finance News
Indian Bank files insolvency cases against 7 a/cs worth Rs 1,200 cr at NCLT
Targets to close the year with Rs 3.6 lakh cr in business, plans to raise Rs 1,200 cr
 "Indian Bank files insolvency cases against 7 a/cs worth Rs 1,200 cr at NCLT")
Vijaya Bank Q1 net jumps over 57% to Rs 255 crore
Gross NPAs of Vijaya Bank fell to 7.305 of the gross advances as on June 30 from 7.31% a year ago
 "Vijaya Bank Q1 net jumps over 57% to Rs 255 crore")
Bank credit growth hits 20-year low
Combined advances by listed public, PSBs up 1.7% in FY17 as public sector lenders shrink loan book
 "Bank credit growth hits 20-year low")
RBI's priority is cleaning up banks, says Viral Acharya
RBI deputy governor said that demonetisation had led to a change in the way Indians saved
 "RBI's priority is cleaning up banks, says Viral Acharya")
Indian Bank's Q1 net profit up 21% on robust other income
Bad loan provisions more than double in Q1 to Rs 681 cr from Rs 327 cr for Q1 of FY17
Lender drags 7 firms to NCLT for insolvency process
Bank made a provision of Rs 130 crore in 1st quarter of current financial year
 "Lender drags 7 firms to NCLT for insolvency process")
Canara Bank's gross NPA divergence Rs 507 crore for FY16
The bank's gross bad loans stood at Rs 31,637.83 crore as on March 31, 2016
 "Canara Bank's gross NPA divergence Rs 507 crore for FY16")
Arun Jaitley introduces bill to repeal SBI Subsidiary Banks Act
This was followed by the merger of five associates with parent SBI
 "Arun Jaitley introduces bill to repeal SBI Subsidiary Banks Act")
ICICI Bank's new offer: Get a personal loan through ATM in three steps
Pre-selected salaried customers can get up to Rs 15 lakh; No offline interaction needed for approval
 "ICICI Bank's new offer: Get a personal loan through ATM in three steps")
Indian Bank plans to raise Rs 1,200 crore to support growth plan
The bank is also planning to sell assets worth Rs 540 crore to asset reconstruction companies
Indian Bank Q1 net up 21% to Rs 372 cr on robust growth in other income
Bad loan provisions more than double in Q1 to Rs 681 cr from Rs 327 cr for Q1 of FY17
 "Indian Bank Q1 net up 21% to Rs 372 cr on robust growth in other income")
PMVVY: Pension scheme for elderly with 8% rate to be launched today
The scheme provides an assured return of 8% per annum payable monthly for 10 years
 "PMVVY: Pension scheme for elderly with 8% rate to be launched today")
Insolvency case: Jaypee Infra must respond to petition by Aug 4, says NCLT
IDBI Bank filed a petition for insolvency against Jaypee Infratech in NCLT, Allahabad, last month
 "Insolvency case: Jaypee Infra must respond to petition by Aug 4, says NCLT")
RBL Bank net profit up 45% to Rs 141 crore in June quarter
Rises from Rs 97 cr in the year-ago quarter, backed by an increase in interest and other income
 "RBL Bank net profit up 45% to Rs 141 crore in June quarter")
PNB MetLife launches Loan Life Suraksha for Karnataka Bank customers
Loan Life Suraksha, a single limited premium plan covering loan liability of a customer
 "PNB MetLife launches Loan Life Suraksha for Karnataka Bank customers")
Canara Bank Q1 net up 10% to Rs 252 crore
Higher-than-expected slippages pushed provisions for non-performing assets to 54%
Canara Bank Q1 net up 10% to Rs 252 crore
Higher-than-expected slippages pushed provisions for non-performing assets to 54%
 "Canara Bank Q1 net up 10% to Rs 252 crore")
Canara Bank Q1 net up 10% to Rs 252 cr, bad loans drag
Gross bad loans as a percentage of total loans rose to 10.56% at end-June from 9.63% at March-end
500 NPA cases identified by RBI to get equal priority
When asked for records before issuing the June 13 statement the RBI said there were no such records
SBI gets NCLT nod for insolvency process against Alok Industries
Bombay HC is set to hear the ongoing liquidation case against Alok Industries on July 19
 "SBI gets NCLT nod for insolvency process against Alok Industries")