Page 2 - Bank

Analysts cautious on top 3 private banks

Weakening growth in loans or credit, continued stress on asset quality and cuts in lending rates have impacted profitability at banks, both in the private and public sector. Public sector banks' (PSBs') problems are more structural and will resolve only when they become self-sustained, especially the mid and smaller ones. Large private banks seem to be faltering on a key strength, their hitherto healthy pre-provisioning operating profits. Growth in this metric has been coming down over the past two quarters for most of the large ones (see table). While the drop in the latest, December, quarter could be attributed partly to demonetisation and to slower economic growth, this weakness started in the June 2016 quarter, even earlier in some cases. Not a good sign for investors. Higher pre-provisioning operating profit provides a cushion to earnings, even amid stress on asset quality, as the bank can use part of these for higher provisions for bad loans. This was a key reason why most ...

Constable suspended for hitting people in queue outside bank

The incident took place on Tuesday when the woman arrived at the bank to get her currency notes exchanged

Found in bank queue missing lover receives thrashing

The man was admitted to local hospital for treatment, says Senior Inspector

Over Rs 6 lakh cr deposits, Rs 1.35 lakh cr withdrawals

Public sector bank executives said the pressure on operation at branches will subside only when most of the ATMs are recalibrated

Wells Fargo faces tighter controls as US regulator reverses course

In September, Wells Fargo agreed to pay $190 million to settle charges that bank employees opened as many as 2 million accounts without customers' knowledge

Humans of demonetisation

The currency ban has changed the lives of the people facilitating this move across India

Karur Vysya Bank net profit declines 11%

Gross NPA rose to Rs 902.74 crore during the quarter as compared to Rs 732.04 crore posted same quarter last year

Banks may see treasury gains in Sept quarter

It is likely a large share of slippages in this quarter will emerge from the restructured loan portfolio, led by the infrastructure sector

Banks face a growth dilemma

Cash-strapped public sector banks may be unnecessarily waiting for deposits to grow to start lending

Capital infusion won't solve banks' woes, say analysts

Timing good but money not enough for lenders to grow business

OBC revises FY16 capital need from LIC

The requirement has been brought down from Rs 500 cr to Rs 178 crore