Page 947 - Finance News
Axis Bank net profit plunges 83% as bad loans rise by over 5 times
As a result of higher NPAs, the lender also saw some pressure on net interest income and net interest margins
 "Axis Bank net profit plunges 83% as bad loans rise by over 5 times")
SBI raises Rs 2,500 crore from bonds
In regulatory filing, bank says, it is in nature of debentures of face value Rs 10 lakh each
 "SBI raises Rs 2,500 crore from bonds")
Axis, IDBI Bank profits hit by NPA provisioning
HDFC Bank, Kotak Mahindra Bank and Federal Bank report healthy bottom line growth in September quarter
 "Axis, IDBI Bank profits hit by NPA provisioning")
IDFC Bank Q2 net profit up 46% at Rs 388 crore
Net interest income stood at Rs 509.9 crore, slightly down from Rs 515.2 crore in first quarter of FY17
 "IDFC Bank Q2 net profit up 46% at Rs 388 crore")
Prasad Gadkari joins TVS Capital Funds as MD
Gadkari brings with him more than 20 years of experience with his last assignment as the Partner at IDFC Private Equity
 "Prasad Gadkari joins TVS Capital Funds as MD")
HDFC Bank net profit at Rs 3,455 cr, up 20% in Q2
Net interest margin for the quarter stood at 4.2 per cent
 "HDFC Bank net profit at Rs 3,455 cr, up 20% in Q2")
PNB Housing IPO opens, raises Rs 894 cr from anchor investors
The company is seeking to raise Rs 3,000 crore through the IPO
 "PNB Housing IPO opens, raises Rs 894 cr from anchor investors")
57 defaulters owe banks a whopping Rs 85,000 cr: RBI to SC
Observing that if people file an RTI query, they must know who the defaulters are, the bench asked the Reserve Bank of India (RBI) why the information on defaulters should be withheld.
 "57 defaulters owe banks a whopping Rs 85,000 cr: RBI to SC")
Forensic auditor probing data breach, only few debit cards misused, says RBI
RBI held a meeting with senior officials from select banks, the National Payment Corporation of India and card network operators to review the steps
 "Forensic auditor probing data breach, only few debit cards misused, says RBI")
Now, RBI takes complete charge of monitoring debit card data breach
Data of about 3.2 million cards have been compromised
 "Now, RBI takes complete charge of monitoring debit card data breach")
PSUs to manage stressed assets of banks: Jaitley
Gross NPA of PSBs has surged from 5.43% in 2014-15 to 9.32% in 2015-16
 "PSUs to manage stressed assets of banks: Jaitley")
Salaried taxpayers to get SMS alert on TDS
Arun Jaitley has launched the service. Central Board of Direct Taxes or CBDT will soon offer this facility on a monthly basis
 "Salaried taxpayers to get SMS alert on TDS")
Equitas SFB to add 409 branches by June 2017
The company is expected to invest around Rs 120 crore in branch infrastructure, said Equitas MD
 "Equitas SFB to add 409 branches by June 2017")
Watch out! Lenders are now tracking your social media profile
Bank algorithms tracking social media profiles to assess creditworthiness of potential borrowers
 "Watch out! Lenders are now tracking your social media profile")
RBI could bring in 50 bps rate cut by April: BofA-ML
The report further said that though the RBI is expected to cut 25 bps each on February 7 and April
 "RBI could bring in 50 bps rate cut by April: BofA-ML")
Equitas SFB to add 409 more liability branches by FY 2018 Q1
The bank's networth stood at Rs 1,960 crore
 "Equitas SFB to add 409 more liability branches by FY 2018 Q1")
Debit card scare: Why you need to change the ATM PIN immediately
With debit cards of 5 banks compromised, time to be very cautious while transacting. If possible, avoid non-bank ATMs
 "Debit card scare: Why you need to change the ATM PIN immediately")
From cloning to ATM passwords, learn how to save yourself from debit card frauds
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative
 "From cloning to ATM passwords, learn how to save yourself from debit card frauds")
Govt, banks meet today on stressed assets
Just five sectors contribute 61% of the banking sector's stressed assets - infra, steel, textiles, power, and telecom
 "Govt, banks meet today on stressed assets")
