Page 899 - Finance News

Investor worry not warranted on Warburg's part exit from Capital First

Stock falls 5%, but analysts believe PE's move a routine one

Edelweiss Q4 net up 40% at Rs 170 cr, annual retail credit growth at 46%

The company's board recommended 30% dividend per share of rupee one each for 2016-17

Despite RBI caution, Bitcoin exchange Zebpay adds 2.5k users a day in India

Zebpay said this shows growing acceptance of Bitcoins as emerging asset class

Allahabad Bank swings back into the black in Q4 at Rs 111 cr

Lender announces plans to pare corporate exposure and diversify into agri and MSME sectors

Banks may add Rs 2.6 lakh cr worth NPAs to existing pile by FY19-end: Fitch

It estimates that banks were already sitting on unrecognised stressed loans worth Rs 7.7 lakh cr

DBS CEO on the bank's digital reinvention and the challenges they expect

Piyush Gupta discusses challenges and opportunities for the future of banking, reports Tech in Asia

Andhra Bank net profit dips 33% to Rs 35 cr in March quarter

Decline mainly due to 12.6% rise in operating costs and 24.7% hike in provisions and contingencies

Fund raising through debt placement rises 55% to Rs 64,000 cr in April

This is on top of Rs 6.41 lakh crore garnered in the entire last fiscal through this route

PNB's Q4 net profit rises to Rs 262 cr on higher net interest income

Bank registered a net loss of Rs 3,974.3 cr in the same quarter in FY16

HDFC too matches SBI, ICICI's home loan rates at 8.35%

In HDFC, new rates are applicable up to limit of Rs 30 lakh

In a first, Reserve Bank of India to have CFO soon

The gross monthly emoluments for the post will be about Rs 2,40,660

RBI creates CFO post, invites applications

CFO, who will have executive director rank, to be responsible for RBI's financial information

Govt appoints MDs, CEOs of seven public sector banks

Usha Ananthasubramanian has been moved out of PNB to Allahabad Bank as its new MD and CEO

Despite low inflation no rate cut seen soon; price rise risks remain: HSBC

Says risks seen by RBI include El Nino, higher food prices, one-off impact of GST, among others

ICICI Bank cuts home loan rate by up to 0.3% for loans up to Rs 30 lakh

Salaried women will get home loans at 8.35%, others can avail at 8.40%

IDBI Bank mulls insolvency proceedings against defaulter

PSB IDBI Bank's total NPLs are worth Rs 20,949 crore

RBI goes for security upgrade for note storage, transportation

Soiled and not fit for circulation notes are withdrawn by banks and deposited in the chests

Time to consider a few public sector banks

On the flip side, resolution process could entail banks to take a haircut in their exposure to loans

UP mega loan waiver to boost microfinance space

Borrowers' clean credit history to spur lending

IndAS norms: Banks set to see higher provisioning in FY19, says ICAI

New accounting standard would be applicable from January next year