Page 978 - Finance News

Bond yields continue to fall

The US Federal Reserve decided to keep its policy rates unchanged but guided that rates could firm up in September

RBI imposes Rs 1-cr fine on UCO Bank

Lender breached rules to open current accounts

RBI fines UCO Bank Rs 1 crore for violation of a/c opening norms

RBI had carried out an inspection of books of accounts, internal control, compliance system and processes at one of the bank's branches

PNB: Trading income, tax savings aid Q1

While the bank witnessed lower slippages, overall stress still remains elevated

PNB comes out of net loss, but net profit halves y-o-y

Net profit is halved to Rs 30,636 crore for the quarter ended June 30 this year compared to Rs 72,071 crore in the corresponding period of the previous year

NBFCs cashing in on unmet demand by banks: Morgan Stanley

They're making inroads into microfinance, used car finance and rural housing; retail loans of top 12 NBFC are barely 5% smaller in size than those of top-5 private banks

Aptech Banking & Finance Academy ties up with Geojit BNP Paribas

As a part of tie up, 10,000 banking-finance professionals will be trained in 5 years for 40 cities and towns

RBI slaps Rs 27-cr fine on 13 banks in forex case

Asks 8 banks to tighten regulatory compliance

IDFC Bank plans to double profits in 4 years

The lender also plans to expand its footprints across 10 states and 20 cities by the end of FY17

YES Bank gets Sebi approval to start AMC biz

Last year, the lender had received the clearance from the Reserve Bank of India for this business

HDFC plans to raise up to Rs 35,000 crore

The resource profile continues to be well-diversified, lending flexibility to HDFC's borrowings

Govt plans greater role in RBI's debt mkt operations

Middle office to actively advise RBI on weekly borrowings

YES Bank net profit up 33%; asset quality stable

To Rs 731.8 crore in the April-June quarter as its net interest income and other income surged significantly

HDFC plans to raise Rs 35,000 crore via NCDs

Its consolidated net profit during the April-June quarter of the previous financial year stood at Rs 2,204.29 crore

State Bank of Travancore Q1 net loss at Rs 743 crore

The public sector net profit during the corresponding quarter in last financial year stood at Rs 81.32 crore

ICICI Bank: Second time unlucky?

The private sector lender was hit by NPAs in its retail book in 2008-09 and now on the corporate side. Analysts are looking at Q1 results for direction

Yes Bank gets Sebi nod for mutual fund, AMC business

The bank said, it has senior leadership and technology architecture to establish the business, and will commence operations in 12 months

Canara Bank gets shareholders nod to raise up to Rs 2,000 crore

The bank said separately that, RBI has imposed a penalty of Rs 2 crore on it for violation of anti-money laundering norms

Jaiprakash Power: Banks invoke SDR

Lenders of Jaiprakash Power Ventures have invoked strategic debt restructuring (SDR) on Monday to acquire a significant stake in the company and convert part of its ballooning debt into equity.

IDFC Bank net up 60% in March qtr

Lender had listed on the bourses only last year and therefore the year-on-year comparative figure isn't available