Page 950 - Finance News

IndusInd Bank Q2 Net profit up 26%

Net profit in the second quarter rose to Rs 704.26 crore from Rs 560.04 crore in the corresponding quarter last year

4 PSBs may default on AT-1 bonds' coupon

Continued losses erase revenue reserves

ICICI Bank first Indian lender to execute Blockchain transaction

Blockchain allows one to change the age old process of maintaining a ledger that can be accessed only by one party

ICICI Bank executes India's first transaction on blockchain

The usage of blockchain technology simplifies the process and makes it almost instant-to only a few minutes

ICICI Bank to redeem bonds worth $340 million

The bank, on August 24, 2006, had issued 7.25 per cent perpetual non-cumulative subordinated debt securities

Deutsche Bank shakes up investment bank to regain lost ground

The bank's share price has almost halved this year, prompting speculation that it could lose some of its top investment bankers

RBI, banks discusses setting up a company for project monitoring

This is part of RBI's efforts to improve risk management, contain delays and reduce risks for projects becoming bad loans

Banks seek to forge alliances with MFIs

While many deals have already been signed, industry experts say more partnerships are in the offing

Insurers rush to get nod for benefit-based health policies

Life insurers given time till October 18 to withdraw existing indemnity plans; Irdai had banned these products

Two large PSU banks may merge, says Vinod Rai

The two largest public sector banks based in India's financial capital are Bank of Baroda and Bank of India

PNB makes home, auto loans attractive for govt staff

Bank said it will offer loans to these segments without any processing or upfront fee and no documentation charges will be levied on them

Swiss attorney general mulls criminal proceedings against Falcon

FINMA ordered Falcon to turn over 2.5 million Swiss francs in what it said were illegal profits

Centrum bets big on housing, SME lending

Gets shareholders nod for Rs 1,000-crore capital-raising plan

NBFC Capri Global plans to raise Rs 800 cr through debt

The fund will be deployed for lending to the micro, small and medium enterprises

Stressed loans rise 15% in June to Rs 9.22 lakh crore

PSBs accounted for about Rs 8.10 lakh crore of the total stressed loans as of June

SBI 'consistently' passed on RBI's rate cut to borrowers: Arundhati Bhattacharya

Bank says out of the 1.75% rate cut by the RBI since January 2015, it has already passed on up to 0.95% to the borrowers

Finance ministry backs banks on easing provisioning

Officials hope RBI will help in boosting credit flow to support growth

StatsGuru: Will the repo rate cut work?

CBI conducts search in Repco Home Finance premises

Sources from the company said that the issue is related to a Rs 6 crore loan taken by Coimbatore-based Divya Agency

China central bank injects $41 billion via mid-term lending facility in Sept

The outstanding amount of MLF was 1.91 trillion yuan at the end of last month