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IndusInd Bank Q2 net profit dips 53.2% on higher Covid-19 provisioning

The provisions and contingencies were up by 166 per cent at Rs 1,964 crore in Q2FY21 from Rs 737 crore in Q2FY20

Axis Bank: Overall numbers better forecast, rising stressed loans tricky

Overall numbers bettered expectations, rising pool of stressed loans may be the tricky aspect

Axis Bank posts net profit of Rs 1,683 cr in Sept qtr as bad loans decline

The bank's total income rose marginally to Rs 19,870.07 crore in the second quarter of 2020-21, from Rs 19,333.57 crore in the same period last year, it said in a regulatory filing

Regaining investors confidence remains an uphill task for YES Bank

Asset quality still an unconvincing weak patch; quality of deposit growth also needs monitoring

Bank of Maharashtra Q2 profit up 13% to Rs 130 cr on higher interest income

On a consolidated basis, its profit stood at Rs 130.44 crore, compared to Rs 115.15 crore in the year-ago period

Higher NPAs hinder transmission of monetary policy actions: RBI paper

The working paper titled ''Bank Capital and Monetary Policy Transmission in India'' said banks often face many structural and frictional issues which dampen the transmission of monetary policy

Next set of asset quality woes for lenders to come from MSME segment

Gross NPAs at 12.8 per cent in June are up 140 bps year-on-year, marking the sharpest surge across asset pools

RBI appoints new administrator of PMC Bank; no revival plan for bank as yet

The present administrator, JB Bhoria, stepped down from his role as the administrator of the bank due to health reasons

On the same page: Rajan, Acharya suggest 'bad bank' for distressed assets

According to the paper, private asset management and national asset management ''bad banks'' should be encouraged in parallel to the online platform for distressed loan sales

Axis Bank's multi-year low valuations a worry for investors

In addition, there's also growing stress in the bank's SME (small and medium enterprise) loans, a segment which was fast growing until FY20

Worries as NPAs under Mudra scheme rise to 5% for public sector banks

The NPAs of public sector banks (PSBs) under the Mudra scheme stood at 4.9 per cent in 2019-20 - a big jump from 3.7 per cent in 2018-19 and 3.4 per cent in 2017-18

J&K Bank's consolidated net profit falls 66% in June quarter to Rs 7.3 cr

Jammu & Kashmir Bank on Thursday reported a 65.5 per cent decline in consolidated net profit at Rs 7.30 crore in the three months ended June. It had a consolidated net profit of Rs 21.15 crore in the year-ago period. The bank had posted a net loss of Rs 293.82 crore in the quarter ended March 2020. In the June quarter, total income fell to Rs 2,160.51 crore from Rs 2,257.42 crore in the same period a year ago, according to a regulatory filing. On a standalone basis, the bank's net profit in the first quarter of the current fiscal stood at Rs 6.50 crore. This is a decline of 70 per cent from a net profit of Rs 21.87 crore reported in the year-ago period. Standalone total income stood at Rs 2,157.94 crore in the latest June quarter as against Rs 2,256.25 crore in the same period a year ago. The lender's gross non-performing assets rose to 10.73 per cent of the gross advances as on June 30, 2020. In the same period a year ago, it was 8.48 per cent. However, net NPAs (Non-Performing .

Top headlines: RIL offers Amazon stake in retail arm, SC relief on NPAs

From Reliance reportedly in talks to sell stake in retail to Amazon, IAF inducting Rafales to Serum Institute pausing Covid vaccine trial, Business Standard brings you top news of the evening

Why RBI's priority lending norms may not mean quick relief for start-ups

Banks are building capacity to understand this segment better

Telecom, automobile companies lead earning downgrades, shows data

The financial sector has seen earnings downgrade of nearly 30 per cent amid uncertainty over NPAs build-up

Cloud over banks, NBFC stocks as moratorium ends and NPA concerns weigh

Impact of rising bad loans may become discernible only in the second half of FY21. This may hurt asset quality and earnings growth, particularly of small and medium-sized banks

Bad bank not only necessary but unavoidable in present situation: Subbarao

D Subbarao made a strong case for setting up a bad bank saying it is not just necessary but unavoidable in the present circumstances when NPAs are likely to balloon

Difficulty in beating index a sign of maturity of Indian markets: Expert

"Mid caps and small caps are much more exposed to the uncertainties related to the pandemic, so it would be harder to find value and avoid mistakes"

Severe shock to consumption, economy will take longer to recover: RBI

"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank

SBI, PNB, BoB may go for share sale in FY21 to shore up capital: Report

According to the sources, banks would get a better picture about their Non-Performing Assets (NPAs), one-time loan restructuring and consequent ratings latest by the end of October