Page 999 - Finance News

RBI lets Axis Bank raise foreign shareholding to up to 62% from 49%

RBI said total foreign investment from all sources in the bank shall not exceed 62% of paid-up capital

Bank loan default: ED attaches Rs 172 cr assets of diamond firm

Winsome, a diamond firm promoted by Jatin Mehta, is being probed both by the Enforcement Directorate and CBI

NPAs serious concern, govt sorting it out: Jayant Sinha

Government has brought Bankruptcy Bill and given more freedom and transparency to the banking sector said Union MoS Finance Sinha

SBI tops points of sale network list in India

RBI data shows at the end of March 31st 2015, SBI has had 2.96 lakh PoS terminals across country

P2P players want nodal agency but not NBFC tag

Suggestions on discussion paper floated by RBI has to be submitted latest by today

Syndicate, BOI, IOB downgraded by S&P

S&P reduced the long-term issuer rating for Manipal-based Syndicate Bank to "BB+" from "BBB-"

RuPay credit card launch delayed further

Delay in launch because NPCI now working on a higher capacity financial technology infrastructure

Rupee slips from 1-week high, down 13 paise to 67.16

A renewed strength in dollar predominantly prassurised the local unit

Yes Bank partners with Click&Pay for cashless transactions

Click&Pay to issue Yes Bank sponsored mobile wallets and use bank's IMPS platform to process instant proximity transactions with merchants and person to person

Yes Bank partners Click&Pay for cashless transactions

Click&Pay will employ bank's IMPS platform to help it process instant proximity transactions

With 3 lakh PoS terminals, SBI becomes top merchant acquiring bank

More than 30,000 of these terminals are contactless terminals

Raghuram Rajan's 'surgery' uncovers more bad loans

Reserve Bank of India's asset quality review of large lenders shows under-reporting

PSBs install nearly 14,000 ATMs in FY16, miss target

Country's largest bank SBI installed 4,222 ATMs against the target of 4,200

RBI to lower rates by another 50 bps in FY17: Morgan Stanley

Report says retail inflation likely to moderate going forward and expected to decelerate to 4.5% by March 2017

Merger of SBI associate banks to cost Rs 3,000 cr: Bhattacharya

However, benefits from merger including Bharatiya Mahila Bank will outweigh costs

IFCI logs Rs 101 crore Q4 net loss as provisions weigh

The gross non-performing assets (NPAs) and net NPAs as of March 31 have increased to 13.05% and 9.54%, respectively

HDFC among world's top 10 consumer financial services company

There are total 56 Indian companies on the list, with Reliance Industries ranked highest among them at 121st place globally

IoB posts Rs 936 cr loss in Q4, against Rs 35 cr profit a year ago

Gross NPA as on March 31 cross Rs 30,049 cr; gross NPA ratio at 17.4%

Karur Vysya Bank increases marginally in Q4

Net interest income increased by 18.94%

5 takeaways from SBI's Q4 results

While there is nothing exciting in the results, investors have given a thumbs up to the stock as they believe that the worst is over for the largest bank in the country