We don't want sarkari culture in our bank: Kishor Kharat, CEO, Indian Bank

"We are raising our bar now. We will now aggressively compete with private banks. We don’t want a sarkari culture in our bank," says Kishor Kharat, managing director and CEO of Indian Bank. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Affl...

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Meet India's 'best bank': The Indian Bank

Not so long ago, Indian Bank was mired in a corruption scandal, and its then MD was jailed. It’s now India’s best performing nationalised bank. from Banking/Finance-Industry-The Economic Times https://ift.tt/2K2LT...

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PNB Housing Finance shareholders okays foreign investment limit to 74%

The shareholders of PNB Housing Finance have approved proposal to raise the investment limit of foreign investors to 74 per cent from exiting 24 per from Business Line - Money & Banking https://ift.tt/2LYTt...

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PNB MetLife files draft papers for IPO

PNB Metlife India Insurance Co.( PNB MetLife) has filed a draft red herring prospectus (DRHP) with market regulator SEBI for an initial public offeri from Business Line - Money & Banking https://ift.tt/2Aj8L...

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Bank loan fraud case: Delhi court takes cognisance of ED charge sheet against Sterling Biotech’s director Rajbhushan Omprakash Dixit

A Delhi court has taken cognisance of a charge sheet filed by the ED against Gujarat-based pharma firm Sterling Biotech Limited's director Rajbhushan Omprakash Dixit in a bank loan fraud case of over Rs 5,000 crore. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2K3I1...

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ICICI Bank’s first quarterly net loss in 16 years; here are major reasons behind this historic fall

ICICI Bank, country’s third-largest lender by assets posted its first quarterly net loss in nearly 16 years due to higher bad loan provision and bond losses. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vaVV...

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Bank loan fraud case: Delhi court takes cognisance of ED charge sheet against Sterling Biotech’s director Rajbhushan Omprakash Dixit

A Delhi court has taken cognisance of a charge sheet filed by the ED against Gujarat-based pharma firm Sterling Biotech Limited's director Rajbhushan Omprakash Dixit in a bank loan fraud case of over Rs 5,000 crore. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2K3I1...

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ICICI Bank’s first quarterly net loss in 16 years; here are major reasons behind this historic fall

ICICI Bank, country’s third-largest lender by assets posted its first quarterly net loss in nearly 16 years due to higher bad loan provision and bond losses. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vaVV...

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Bad loans strike: In its first ever loss, ICICI Bank erodes Rs 120 crore

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NSBq...

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Perform and get paid: Public sector banks plan to link pay with performance

Performance-linked pay is widely used in the private sector to reward the better performers in the system. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Aiyb...

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Bhushan Power lenders plan to call fresh bids

JSW’s offer is higher than that of Tata Steel which had emerged as a preferred bidder over second-placed rival Liberty House. from Banking/Finance-Industry-The Economic Times https://ift.tt/2NT3V...

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Exchange rate situation fluid as rupee is weak: Care Ratings

The exchange rate situation remains quite fluid with the rupee tending to weaken, driven by both fundamentals and extraneous forces, a report from Car from Business Line - Money & Banking https://ift.tt/2K16L...

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Mehul Choksi the ‘mastermind’ of PNB scam, says ED

The chargesheet filed by the Enforcement Directorate (ED) against Mehul Choksi in a Mumbai court has alleged that he was the “mastermind” behind the from Business Line - Money & Banking https://ift.tt/2vaVW...

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ICICI Bank unexpectedly slips into quarterly net loss for 1st time in 16 years; NPA provisions hurt

ICICI Bank Ltd, India's third-largest lender by assets, reported its first quarterly net loss in at least 16 years. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uRxt...

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ICICI Bank slips into the red for the first time ever

Posts ₹120-crore net loss in Q1 on higher provisoning from Business Line - Money & Banking https://ift.tt/2mOof...

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ICICI Bank unexpectedly slips into quarterly net loss for 1st time in 16 years; NPA provisions hurt

ICICI Bank Ltd, India's third-largest lender by assets, reported its first quarterly net loss in at least 16 years. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uRxt...

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Loan impairment provisions: ICICI Bank says in touch with US SEC

Our BureauICICI Bank on Friday said that it is in touch with the US markets regulator Securities and Exchange Commission (SEC) over “the timing and a from Business Line - Money & Banking https://ift.tt/2Afyv...

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ICICI Bank unexpectedly slips into quarterly net loss for 1st time in 16 years; NPA provisions hurt

ICICI Bank Ltd, India's third-largest lender by assets, reported its first quarterly net loss in at least 16 years. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uRxt...

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IOB posts net loss of ₹919 crore

Our BureauIndian Overseas Bank (IOB) posted a net loss of ₹919 crore for the quarter ended June 2018, mainly on account of higher provisioning agains from Business Line - Money & Banking https://ift.tt/2AfS2...

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M&M Financial profit up 34% at ₹269 crore as asset quality sees improvement

Our BureauMahindra & Mahindra Financial Services has reported a 34 per cent rise in net profit at ₹269 crore for the quarter ending June 30, 201 from Business Line - Money & Banking https://ift.tt/2mMWR...

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Bank of Baroda posts ₹528-cr Q1 net profit

Lender reports robust growth in retail, corporate advances from Business Line - Money & Banking https://ift.tt/2Ahno...

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Banks’ wage talks setto resume on July 30

KR SrivatsSetting aside their differences, the United Forum of Bank Unions (UFBU) and the Indian Banks’ Association (IBA) have returned to the negoti from Business Line - Money & Banking https://ift.tt/2mMWQ...

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PNB board holds special meeting to discuss future of divested EDs

Brahmaji Rao and Sanjiv Sharan were divested of their responsibilities after the ₹13,000-crore Nirav Modi scam from Business Line - Money & Banking https://ift.tt/2AfXj...

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ICICI Bank unexpectedly slips into net loss in 1st quarter amid Videocon controversy

India's second largest private bank, ICICI Bank, has unexpectedly slipped into net loss in the quarter ended June 30 amid the on-going Videocon controversy allegedly involving its CEO and MD Chanda Kochhar. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uRxt...

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Bank of Baroda net up over two-times at Rs 528 cr

Bank of Baroda today reported a more than two-fold jump in net profit at Rs 528.26 crore for the first quarter of 2018-19 as provisions for bad loan from Business Line - Money & Banking https://ift.tt/2OnFl...

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ICICI Bank posts loss of Rs 120 cr in Q1

ICICI Bank today reported a loss of Rs 119.5 crore on standalone basis for the June quarter, on account of rise in bad loans.The bank’s net profit in from Business Line - Money & Banking https://ift.tt/2vckT...

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IPPB looking at two way linkages for customer acquisition

`We are looking at two way linkages. We are also helping IPPB customers open an India Post account so that he can deposit excess funds over Rs one lakh in the post office savings account” said Suresh Sethi, MD and CEO of the bank. from Banking/Finance-Industry-The Economic Times https://ift.tt/2vckF...

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ICICI Bank reports net loss of Rs 120 crore in Q1

This is the country's largest private lender's first quarterly earnings in the absence of its chief executive (CEO) and managing director Chanda Kochhar. Kochhar is on her "annual leave which was planned in advance" which was followed by an independent enquiry into the Videocon loan case. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OnyF...

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ICICI Bank unexpectedly slips into quarterly net loss for 1st time in 17 years; NPA provisions hurt

India's second largest private bank, ICICI Bank, has unexpectedly slipped into net loss in the quarter ended June 30 amid the on-going Videocon controversy allegedly involving its CEO and MD Chanda Kochhar. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uRxt...

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India’s new bankruptcy experts face kidnappers, angry workers in an attempt to clean up $210 bn of stressed debt

Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mLZ0...

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India’s new bankruptcy experts face kidnappers, angry workers in an attempt to clean up $210 bn of stressed debt

Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mLZ0...

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India’s new bankruptcy experts face kidnappers, angry workers in an attempt to clean up $210 bn of stressed debt

Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mLZ0...

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India’s new bankruptcy experts face kidnappers, angry workers in an attempt to clean up $210 bn of stressed debt

Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mLZ0...

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India’s new bankruptcy experts face kidnappers, angry workers in an attempt to clean up $210 bn of stressed debt

Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mLZ0...

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Amazing fortune making opportunities in the World’s Fastest Growing Economy: India

You don't have to be an economic pundit or anything at all to understand that India is set for an explosive growth. Several prominent and underlying events a... from Banking/Finance-Industry-The Economic Times https://ift.tt/2OgFg...

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India’s new bankruptcy experts face kidnappers, angry workers in an attempt to clean up $210 bn of stressed debt

Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mLZ0...

Read more »

India’s new bankruptcy experts face kidnappers, angry workers in an attempt to clean up $210 bn of stressed debt

Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mLZ0...

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Where is Mehul Choksi? Track Nirav Modi’s uncle’s current location

Indian agencies had been quietly negotiating with the US authorities to start extradition proceedings against Mehul Choksi. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OklK...

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Where is Mehul Choksi? Track Nirav Modi’s uncle’s current location

Indian agencies had been quietly negotiating with the US authorities to start extradition proceedings against Mehul Choksi. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OklK...

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Where is Mehul Choksi? Track Nirav Modi’s uncle’s current location

Indian agencies had been quietly negotiating with the US authorities to start extradition proceedings against Mehul Choksi. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OklK...

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Where is Mehul Choksi? Track Nirav Modi’s uncle’s current location

Indian agencies had been quietly negotiating with the US authorities to start extradition proceedings against Mehul Choksi. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OklK...

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SBI chief seeks leniency for Reliance Communication as DoT wants revocation of spectrum

State Bank of India (SBI) chairman Rajnish Kumar has written to the department of telecom, seeking leniency over bank guarantee provisioning by Anil Ambani’s Reliance Communication as the company works out modalities to transfer its spectrum to Reliance Jio as part of a sale process. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Lpfu...

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I am a lawful citizen of Antigua and Barbuda, says Mehul Choksi

In his statement, he also mentioned that his desire for attaining citizenship was driven by intent to further his business interest in the Caribbean and obtain visa free travel access to more than 130 countries​​. from Banking/Finance-Industry-The Economic Times https://ift.tt/2OmJ0...

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Where is Mehul Choksi? Track Nirav Modi’s uncle’s current location

Indian agencies had been quietly negotiating with the US authorities to start extradition proceedings against Mehul Choksi. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OklK...

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Where is Mehul Choksi? Track Nirav Modi’s uncle’s current location

Indian agencies had been quietly negotiating with the US authorities to start extradition proceedings against Mehul Choksi. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OklK...

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Kidnappers, angry workers plague a $210 billion debt cleanup

The stakes are so high and the pressures so many that brokers have begun offering bankruptcy professionals special insurance plans. from Banking/Finance-Industry-The Economic Times https://ift.tt/2LpyE...

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Bengal in talks with Bajaj Allianz for ‘Ayushman Bharat’

West Bengal was initially reluctant to join ‘Ayushman Bharat’ as it runs its own health insurance scheme called ‘Swasthya Sathi’, launched in 2016. from Banking/Finance-Industry-The Economic Times https://ift.tt/2AkqE...

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'Mastercard's investment in India during 2014-19 to stand at $1 bn'

Started in 2014, the local investment includes acquisition of new offices in Bengaluru and Gurugram and a Mastercard Innovation Lab and operations hub in Pune, said a Mastercard statement. from Banking/Finance-Industry-The Economic Times https://ift.tt/2LVAG...

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With eye on debt recovery, SBI asks DoT not to revoke RCom’s spectrum

Revocation of spectrum may hurt telco’s sale to RJio, says the lender from Business Line - Money & Banking https://ift.tt/2LpYJ...

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Higher slippages, lower net interest margin weigh on performance

Radhika MerwinYES Bank’s robust growth in loans and earnings in the June quarter has failed to enthuse investors. The stock was down nearly 4 per cen from Business Line - Money & Banking https://ift.tt/2ActD...

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YES Bank net profit rises 31% at ₹1,260 cr

Retail business posts strong growth at the private lender from Business Line - Money & Banking https://ift.tt/2mHeg...

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Lakshmi Vilas Bank posts ₹124-cr loss in Q1

Our BureauLakshmi Vilas Bank (LVB) has reported a net loss of ₹124 crore for the quarter ended June 30, 2018, against a net profit of ₹66 crore in t from Business Line - Money & Banking https://ift.tt/2ActA...

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Chola profit rises 36% on growth in auto lending biz

N Srinivasan to step down as MD from Business Line - Money & Banking https://ift.tt/2Ok79...

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Antigua govt to consider ‘legitimate request’ from India to send back Choksi

The Antigua Government has indicated that it may consider “a legitimate request” from India to send back the uncle of fugitive diamantaire Nirav Mod from Business Line - Money & Banking https://ift.tt/2NMDX...

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Mastercard on track to fully invest $1-bn for promotion of digital transactions

from Business Line - Money & Banking https://ift.tt/2mHXM...

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SBI Life Q1 net up 13%

SBI Life Insurance has posted a 13 per cent increase in its net profit at Rs 350 crore in the first quarter of the fiscal compared with Rs 310 crore a from Business Line - Money & Banking https://ift.tt/2uWQp...

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YES Bank profit jumps 30.5% Rs 1,260 cr

YES Bank net profit jumped 30.5 per cent to Rs 1,260.36 crore for the quarter ended June 30, 2018, on account of higher income. The bank had reporte from Business Line - Money & Banking https://ift.tt/2Oklv...

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After hitting milestones, Sensex, Nifty end strong; banks surge

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LB5u...

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Private banks show interest in funding highway projects under PPP mode

Under PPP model, the concessionaire has the responsibility to tie up the funds from the banks/financial institutions. from Banking/Finance-Industry-The Economic Times https://ift.tt/2AdvH...

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Inflation likely to average 4.7% this fiscal: DBS

High core inflation and the need to maintain financial stability is expected to keep the central bank on a tightening bias from Business Line - Money & Banking https://ift.tt/2NN6M...

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Real estate downturn puts $20 billion bank loans at risk

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ohca...

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Crypto-currency is junk: Mastercard CEO Ajay Banga

Terming crypto-currency as “junk”, Mastercard President and CEO Ajay Banga has said an “anonymised” currency that can fluctuate “wildly” does not de from Business Line - Money & Banking https://ift.tt/2mIeM...

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Shriram Transport Q1 net up 25% at Rs 573 cr

Shriram Transport Finance Company Ltd has reported a 25 per cent increase in first quarter net profit at Rs 573 crore against Rs 460 crore in the yea from Business Line - Money & Banking https://ift.tt/2A8Lk...

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State-run banks to retain loan market share at 51% medium term

The state-run banks which are not under the prompt corrective action (PCA) framework are expected to maintain their loan market share at 50-51 per cent in the near future, while the overall credit growth is likely to be 8-9.5 per cent in the next two years, says a report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LOxA...

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State-run banks to retain loan market share at 51% medium term

The state-run banks which are not under the prompt corrective action (PCA) framework are expected to maintain their loan market share at 50-51 per cent in the near future, while the overall credit growth is likely to be 8-9.5 per cent in the next two years, says a report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LOxA...

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State-run banks to retain loan market share at 51% medium term

The state-run banks which are not under the prompt corrective action (PCA) framework are expected to maintain their loan market share at 50-51 per cent in the near future, while the overall credit growth is likely to be 8-9.5 per cent in the next two years, says a report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LOxA...

Read more »

State-run banks to retain loan market share at 51% medium term

The state-run banks which are not under the prompt corrective action (PCA) framework are expected to maintain their loan market share at 50-51 per cent in the near future, while the overall credit growth is likely to be 8-9.5 per cent in the next two years, says a report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LOxA...

Read more »

State-run banks to retain loan market share at 51% medium term

The state-run banks which are not under the prompt corrective action (PCA) framework are expected to maintain their loan market share at 50-51 per cent in the near future, while the overall credit growth is likely to be 8-9.5 per cent in the next two years, says a report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LOxA...

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Digit Insurance gets $44 m in second round of funding

New age insurance start-up Digit Insurance has raised $44 million in the second round of funding.Canadian billionaire Prem Watsa’s Fairfax Holdings from Business Line - Money & Banking https://ift.tt/2v65p...

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Mallya loses bank lawsuit appeal attempt

Vijay Mallya has lost his attempt to appeal the decision of a UK court in a lawsuit brought by a consortium of Indian public-sector banks seeking to r from Business Line - Money & Banking https://ift.tt/2Lq8Z...

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‘Our solution is a financial wellness tool for employees’

Patience, persistence and passion, the three qualities that define the Indian farmer, are the same that are needed for start-ups to succeed, says Bhar from Business Line - Money & Banking https://ift.tt/2v65m...

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Many Indian lenders miss the mark when it comes to online banking: Forrester

Indian banks may be investing heavily to ramp up their digital offerings, but most of them are still behind global benchmarks when it comes to their o from Business Line - Money & Banking https://ift.tt/2A6kh...

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Oriental Bank Q1 loss declines to ₹393 crore

Oriental Bank of Commerce (OBC) on Wednesday reported a net loss of ₹393 crore for the first quarter ended June 30.The loss was lower than the net los from Business Line - Money & Banking https://ift.tt/2Lq98...

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MobiKwik hires three business heads

Digital financial services platform MobiKwik has announced the appointment of three business heads.The appointments are in line with the ongoing restr from Business Line - Money & Banking https://ift.tt/2v5mX...

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Kerala’s ‘financial independence’ movement set to go national

MIFI to uphold the country’s financial and political independence from Business Line - Money & Banking https://ift.tt/2Lq8O...

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Arunachal Pradesh State Cooperative Apex Bank to launch 200 micro-ATMs

Micro ATM is a mini version of an ATM with modified point of sales terminals. This terminal can connect to banking network via GPRS to perform banking transactions. from Banking/Finance-Industry-The Economic Times https://ift.tt/2LjTD...

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IndiaFirst Life plans to grow agency channel with ‘high-quality’ agents

KR SrivatsIndiaFirst Life Insurance Company (IndiaFirst) plans to expand its agency force over the next two years to 5,000 agents from 1,600 at pr from Business Line - Money & Banking https://ift.tt/2uR9R...

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Karur Vysya Bank Q1 net falls to₹46 cr on higher provisioning

Our BureauA sharp jump in provisions, especially towards bad loans, dragged Karur Vysya Bank’s first quarter net profit down to ₹46 crore against ₹14 from Business Line - Money & Banking https://ift.tt/2NJbV...

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Canara Bank posts 12% rise in profit at ₹281 cr

Our Bureau Augmentation of retail business, digitalisation and revamping circles saw Canara Bank post a 11.51 per cent rise in net profit at ₹281 c from Business Line - Money & Banking https://ift.tt/2OfN5...

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State-run banks to retain loan market share at 51% medium term

As per a report, the asset quality for all state-run banks is expected to improve over next couple of years. from Banking/Finance-Industry-The Economic Times https://ift.tt/2uQ0M...

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Amendment in Prevention of Corruption Act will encourage bonafide decision making: SBI chairman Rajnish Kumar

Decision making in state-run banks has come to a near halt with the Central Bureau of Investigation charging many bankers for alleged corruption. from Banking/Finance-Industry-The Economic Times https://ift.tt/2uPKA...

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3-5 year term may be made mandatory for motor insurance

Pricing policies to cover inflation remains challenge from Business Line - Money & Banking https://ift.tt/2uPvG...

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LIC-IDBI Bank deal: Moody’s puts debt-ridden bank’s long term ratings on review for upgrade

In view of LIC’s intent to take control of 51 percent stake in the debt-ridden government-run IDBI Bank, global rating agency Moody's on Wednesday put the lender’s long-term ratings on review for upgrade. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Oe3b...

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NPA issue: Banks to acquire lands, unfinished projects to recover $20 billion in real estate bad loans

Lenders may be running short of options though. India’s central bank issued a directive in February forcing them to restructure loans quickly or take defaulters to bankruptcy court. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LNl9...

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LIC-IDBI Bank deal: Moody’s puts debt-ridden bank’s long term ratings on review for upgrade

In view of LIC’s intent to take control of 51 percent stake in the debt-ridden government-run IDBI Bank, global rating agency Moody's on Wednesday put the lender’s long-term ratings on review for upgrade. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Oe3b...

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NPA issue: Banks to acquire lands, unfinished projects to recover $20 billion in real estate bad loans

Lenders may be running short of options though. India’s central bank issued a directive in February forcing them to restructure loans quickly or take defaulters to bankruptcy court. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LNl9...

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LIC-IDBI Bank deal: Moody’s puts debt-ridden bank’s long term ratings on review for upgrade

In view of LIC’s intent to take control of 51 percent stake in the debt-ridden government-run IDBI Bank, global rating agency Moody's on Wednesday put the lender’s long-term ratings on review for upgrade. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Oe3b...

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NPA issue: Banks to acquire lands, unfinished projects to recover $20 billion in real estate bad loans

Lenders may be running short of options though. India’s central bank issued a directive in February forcing them to restructure loans quickly or take defaulters to bankruptcy court. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LNl9...

Read more »

LIC-IDBI Bank deal: Moody’s puts debt-ridden bank’s long term ratings on review for upgrade

In view of LIC’s intent to take control of 51 percent stake in the debt-ridden government-run IDBI Bank, global rating agency Moody's on Wednesday put the lender’s long-term ratings on review for upgrade. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Oe3b...

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NPA issue: Banks to acquire lands, unfinished projects to recover $20 billion in real estate bad loans

Lenders may be running short of options though. India’s central bank issued a directive in February forcing them to restructure loans quickly or take defaulters to bankruptcy court. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LNl9...

Read more »

LIC-IDBI Bank deal: Moody’s puts debt-ridden bank’s long term ratings on review for upgrade

In view of LIC’s intent to take control of 51 percent stake in the debt-ridden government-run IDBI Bank, global rating agency Moody's on Wednesday put the lender’s long-term ratings on review for upgrade. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Oe3b...

Read more »

NPA issue: Banks to acquire lands, unfinished projects to recover $20 billion in real estate bad loans

Lenders may be running short of options though. India’s central bank issued a directive in February forcing them to restructure loans quickly or take defaulters to bankruptcy court. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LNl9...

Read more »

LIC-IDBI Bank deal: Moody’s puts debt-ridden bank’s long term ratings on review for upgrade

In view of LIC’s intent to take control of 51 percent stake in the debt-ridden government-run IDBI Bank, global rating agency Moody's on Wednesday put the lender’s long-term ratings on review for upgrade. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Oe3b...

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Bad loan trouble: Banks to take over lands and unfinished projects to recover Rs 2,000 crore of stressed loans to developers

Lenders may be running short of options though. India’s central bank issued a directive in February forcing them to restructure loans quickly or take defaulters to bankruptcy court. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LNl9...

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Oriental Bank Q1 loss narrows to Rs 393 cr; bad loans rise

Public sector Oriental Bank of Commerce (OBC) has narrowed its net losses to Rs 393.21 crore in the first quarter ended June 30, even as bad loans i from Business Line - Money & Banking https://ift.tt/2Lmmf...

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Govt’s capital infusion in 5 pubic sector banks is credit positive: Moody’s

Will help lenders meet minimum regulatory thresholds from Business Line - Money & Banking https://ift.tt/2vbfx...

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Government rebuffs RBI's claim it needs more powers to regulate banks

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OgeG...

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KVB net profit declines 69%

A sharp jump in provisions, especially towards bad loans, dragged Karur Vysya Bank's first quarter net profit down to Rs 46 crore against Rs 148 crore from Business Line - Money & Banking https://ift.tt/2NEMs...

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Housing downturn puts $20 billion in bank loans at risk

Developers, including Jaypee Infratech Ltd. and Unitech Ltd., have been taken before courts by irate homeowners and creditors. from Banking/Finance-Industry-The Economic Times https://ift.tt/2uNyy...

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LIC-IDBI Bank deal: Moody’s puts debt-ridden bank’s long term ratings on review for upgrade

In view of LIC’s intent to take control of 51 percent stake in the debt-ridden government-run IDBI Bank, global rating agency Moody's on Wednesday put the lender’s long-term ratings on review for upgrade. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Oe3b...

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Bad loan trouble: Banks to take over lands and unfinished projects to recover Rs 2,000 crore of stressed loans to developers

Lenders may be running short of options though. India’s central bank issued a directive in February forcing them to restructure loans quickly or take defaulters to bankruptcy court. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LNl9...

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Kishlay Foods raises Rs 100 crore from Norwest Venture Partners and others for growth expansion

The investment which also features a prominent secondary share sale component, will be used to primarily buyout the existing business partners. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Lnba...

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What to expect from markets today

On the political lines, factors like the outcome of the no-confidence motion, GST rate cut and the reduction in the share of black money (held by Indians) in Swiss banks are also expected to keep the investors' mood positive. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OdR3...

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Bank of Maharashtra signs ICA pact with banks to deal with stressed assets

Bank of Maharashtra (BoM) has signed an Inter Creditor Agreement with other banks on the recommendation of Sunil Mehta Committee and under the aegis of Indian Banks’ Association (IBA) to fast track NPA resolution. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NFy6...

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Mehul Choksi in Antigua; gets local passport

Fugitive diamantaire Mehul Choksi has moved to Antigua from the US and taken the passport of the Caribbean country, government sources said.In respons from Business Line - Money & Banking https://ift.tt/2A8vk...

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Rupee slides 8 paise vs dollar

The rupee dropped by 8 paise to close at 68.94 against the US currency, extending its fall for a second straight day due to sustained dollar demand fr from Business Line - Money & Banking https://ift.tt/2O9FJ...

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Monsoon recovery improves farm production prospects: DBS Bank

A report from DBS Bank economist Radhika Rao says that they are optimistic about the improvement in farm production this year on the back of a good mo from Business Line - Money & Banking https://ift.tt/2A8vh...

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Bank of Maharashtra signs ICA pact with banks to deal with stressed assets

Bank of Maharashtra (BoM) has signed an Inter Creditor Agreement with other banks on the recommendation of Sunil Mehta Committee and under the aegis of Indian Banks’ Association (IBA) to fast track NPA resolution. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NFy6...

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4,387 large borrowers account for 90 per cent of NPAs

The government today said 4,387 large borrowers accounted for Rs 8.6 lakh crore or 90 per cent of total non-performing assets (NPAs) of the banking sector at the end of March 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AeuH...

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Bank of Maharashtra signs ICA pact with banks to deal with stressed assets

Bank of Maharashtra (BoM) has signed an Inter Creditor Agreement with other banks on the recommendation of Sunil Mehta Committee and under the aegis of Indian Banks’ Association (IBA) to fast track NPA resolution. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NFy6...

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4,387 large borrowers account for 90 per cent of NPAs

The government today said 4,387 large borrowers accounted for Rs 8.6 lakh crore or 90 per cent of total non-performing assets (NPAs) of the banking sector at the end of March 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AeuH...

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4,387 large borrowers account for 90 per cent of NPAs

The government today said 4,387 large borrowers accounted for Rs 8.6 lakh crore or 90 per cent of total non-performing assets (NPAs) of the banking sector at the end of March 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AeuH...

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Bank of Maharashtra signs ICA pact with banks to deal with stressed assets

Bank of Maharashtra (BoM) has signed an Inter Creditor Agreement with other banks on the recommendation of Sunil Mehta Committee and under the aegis of Indian Banks’ Association (IBA) to fast track NPA resolution. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NFy6...

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4,387 large borrowers account for 90 per cent of NPAs

The government today said 4,387 large borrowers accounted for Rs 8.6 lakh crore or 90 per cent of total non-performing assets (NPAs) of the banking sector at the end of March 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AeuH...

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Improving health of corporate sector opens up doors for brave banks

Now is the time for banks to make good loans as companies are stronger and rating agencies say leverage is down and upgrades are rising. from Banking/Finance-Industry-The Economic Times https://ift.tt/2JQJ9...

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FLIP SIDE: Ramesh Iyer MD, Mahindra Finance

Family culture led to a spiritual connection at an early age and I was associated with an organisation Bal Vikas. I am used to singing bhajans since young age. from Banking/Finance-Industry-The Economic Times https://ift.tt/2mEWg...

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DHFL and USAID sign $10-m loan guarantee pact

The US Agency for International Development (USAID) and Dewan Housing Finance Corporation Limited (DHFL) have announced the signing of a $10-million l from Business Line - Money & Banking https://ift.tt/2A6Tp...

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Cabinet to soon consider IDBI Bank’s proposal to issue fresh equity to LIC

IDBI Bank has sought Cabinet approval as the government’s stake will decline to below 50 per cent subsequent to the preferential offer of equity to LIC. from Banking/Finance-Industry-The Economic Times https://ift.tt/2mCgH...

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American Express reinforces brand promise to ‘back’ customers

With many Indians living blended ‘hybrid lives’, American Express has come up with a new brand platform that supports this “hybrid life” where both pe from Business Line - Money & Banking https://ift.tt/2mDBX...

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Government asks RBI to suggest on PSU Bank merger

The minister in a written reply to the Rajya Sabha said that there is no timeline has been fixed for merger of the public sector banks. from Banking/Finance-Industry-The Economic Times https://ift.tt/2O8lI...

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Banks urge RBI to ease up on cassette swap norm in ATMs

May incur an expense of ₹3,200-4,800 crore from Business Line - Money & Banking https://ift.tt/2uL7J...

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ICICI Pru Life Insurance Q1 net profit drops 31%

Takes a hit on higher new business strain, base year impact from Business Line - Money & Banking https://ift.tt/2JPlJ...

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ICICI Bank buys 10% cent stake Arthashastra Fintech

Our BureauPrivate sector lender ICICI Bank has acquired a 9.9 per cent stake in fintech firm Arthashastra Fintech Private Limited for a cash consider from Business Line - Money & Banking https://ift.tt/2Lzjo...

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Bank finance to jewellery sector declines by 10%

Our BureauThe banking sector’s lending to the gem and jewellery industry has declined by 10 per cent and is expected to have an adverse impact on exp from Business Line - Money & Banking https://ift.tt/2JPlF...

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‘Renminbi revaluation unlikely to impact RBI policy’

Our BureauThe revaluation of Chinese currency renminbi is unlikely to affect the RBI’s forex policy, a report from Indranil Sen Gupta, Bank of Amer from Business Line - Money & Banking https://ift.tt/2LxgC...

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BWR downgradesLakshmi Vilas Bank

Our BureauBrickwork Ratings (BWR) has downgraded Lakshmi Vilas Bank’s rating for its unsecured redeemable non-convertible subordinated lower tier II from Business Line - Money & Banking https://ift.tt/2JR5E...

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Arcil’s new online tool to help investors track performance of their investments

Plans to raise ₹1,000 cr via AIF route in FY19 from Business Line - Money & Banking https://ift.tt/2JPhF...

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PSBs' bad loans rise to 15% of gross advances in FY18: Government

IDBI Bank topped the list in terms of gross bad loans at 28 per cent of gross advances followed by Indian Overseas Bank (25.3 pc); UCO Bank (24.6 pc); United Bank of India (24.1 pc); Dena Bank (22 pc); Central Bank of India (21.5 pc); Bank of Maharashtra (19.5 pc) and Punjab National Bank (18.4 pc, the minister said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NGr0...

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New accounting standard keeps NBFCs guessing

The market is unsure about the likely impact of the transition on earnings of non-banking finance companies. from Banking/Finance-Industry-The Economic Times https://ift.tt/2LAQ0...

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Reliance Nippon Life Insurance June quarter premium up 8% to Rs 755 cr

Reliance Nippon Life Insurance Company today said its total premium grew by 8 per cent to Rs 755 crore in the April-June quarter compared to the yea from Business Line - Money & Banking https://ift.tt/2uJQ2...

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Reliance Nippon Life Insurance June quarter premium up 8% to Rs 755 crore

The company said it had assets under management of Rs 19,335 crore as on June 30 this year, up 11 per cent from same period a year ago. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Lu5A...

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Amitabh Bachchan vs bankers: Numbers say Kalyan Jewellers ad not entirely wrong

According to the RBI report complaints registered by customers against banks across the country increased by 27% in the financial year 2016-17. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Ogcc...

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Tata AIA Life elevates Rishi Srivastava as CEO & MD

Tata AIA Life Limited, a private life insurer, has announced the elevation of Rishi Srivastava as the new Chief Executive Officer & Managing Dire from Business Line - Money & Banking https://ift.tt/2LwQH...

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HDFC Bank Rating: Weaker top-line offset by cost control

NII growth trajectory weakened to a low point last witnessed in FY14, driven by 20bp lower NIM (time deposits grew rapidly), offset by a reduction in the cost-to-asset ratio and higher fees. Retain Buy with price target of Rs 2,530 from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2v2cF...

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Mutual Funds: How recategorisation of MF schemes impacts mid and small-cap funds

In the current year, investors are noticing a strange thing in the financial services space. While the 30-share Sensex is hitting a new high , the portfolio of most investors is not reflecting the same growth. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mDDQ...

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Embedded value: Policyholders can question the LIC-IDBI Bank deal

Life insurers make money by investing the surplus that they accumulate every year and maintain this in a separate account known as Life Fund. The surplus is the difference between income and expenditure in the revenue account of the company. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2v2bH...

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Aegon Life to focus on term insurance for growth

Aegon said that the company would continue its focus on selling protection or term policies, while pushing direct business and digital products. from Banking/Finance-Industry-The Economic Times https://ift.tt/2uZMT...

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Western Zone of LIC to expand agency force

Our BureauLIC’s Western Zonal office plans to expand its agency force of 2.06 lakh agents by 50 per cent this year. That would mean about a lakh of a from Business Line - Money & Banking https://ift.tt/2uGKL...

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IBC amendment allows firms to bid for multiple stressed assets

Goyal introduces IBC (Second Amendment) Bill in Lok Sabha from Business Line - Money & Banking https://ift.tt/2Ad7W...

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PNB gets Rs 2,816 cr as part of govt’s capital infusion plan

State-owned PNB today said it has received Rs 2,816 crore as capital infusion from the government via preferential allotment of equity shares. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2A0vO...

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Fast-track NPA resolution: 22 PSBs, 19 private, 32 foreign banks sign pact to resolve stressed assets

Banks and financial institutions, including SBI, PNB and LIC today entered into an overarching inter-creditor agreement (ICA) to fast-track resolution of stressed assets of Rs 50 crore or more which are under consortium lending. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mzow...

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Bajaj Allianz ‘redefining’ service standards, says CEO

Changing social risks prompt the insurer to launch products to stay relevant from Business Line - Money & Banking https://ift.tt/2uJRR...

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Banks, FIs come together for faster resolution of stressed accounts

Inter-Creditor Agreement signed by 24 banks will tackle ₹3.10-lakh crore doubtful loans in the ₹50-500-crore category from Business Line - Money & Banking https://ift.tt/2LDAo...

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Tata AIA appoints Rishi Srivastava as CEO & MD

Srivastava, who joined Tata AIA in 2016, is currently the chief of proprietary channels, product, marketing & corporate communication at the company. from Banking/Finance-Industry-The Economic Times https://ift.tt/2LyJU...

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Vijaya Bank Q1 net falls 43% at ₹144 cr

Our BureauHeavy provisions for stressed assets have resulted in Vijaya Bank posting a 43.32 per cent drop in profit at ₹144.34 crore for the first q from Business Line - Money & Banking https://ift.tt/2OeJL...

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Corporate bond market, a high-end resort: Care

Push towards bond market will instil credit discipline among borrowers from Business Line - Money & Banking https://ift.tt/2NEPG...

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Piramal Capital invests ₹650 crorein hotel chain Samhi Group

Aims for book size of ₹10,000 cr in next three years from Business Line - Money & Banking https://ift.tt/2Oefj...

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Rupee remains range-bound; could see sharp fall

With negative bias, a fresh trigger can drag it sharply below 69 from Business Line - Money & Banking https://ift.tt/2NDhJ...

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Top state-run banks sign inter-creditor agreement

Lenders who have signed the agreements include Union Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank and Exim Bank. from Banking/Finance-Industry-The Economic Times https://ift.tt/2JNOM...

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HDFC Bank’s capital raising to lift capital buffers by 300 bps

The Rs 24,000-crore capital raising will increase HDFC Bank's capital buffers by 3 percentage points and help support the lender's over 20 per cent loan growth for the next few years, says a report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LfTy...

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PNB gets Rs 2,816 crore as part of government's capital infusion plan

New Delhi, July 23 () State-owned PNB today said it has received Rs 2,816 crore as capital infusion from the government via preferential allotment of equity shares. from Banking/Finance-Industry-The Economic Times https://ift.tt/2uU9s...

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PNB gets Rs 2,816 crore as part of government's capital infusion plan

"The bank, as per...Department of Financial Services notification, has received amount of capital infusion of Rs 2,816 crore towards contribution of the central government," PNB said in a regulatory filing. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2uGF8...

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Around 24 banks sign on new NPA resolution framework

Nearly two dozen lenders, led mostly by state-run banks, today signed the inter-creditor agreement (ICA) framework to speed up the resolution of str from Business Line - Money & Banking https://ift.tt/2NFNR...

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Citibank India FY’18 net profit at Rs 3,403 cr

Citibank India has reported a decline of over 6 per cent in net profit at ₹ 3,403 crore for 2017-18 financial year. The bank had registered a net pro from Business Line - Money & Banking https://ift.tt/2LfHn...

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Over 20 Indian banks sign pact for faster bad-loan resolution

A government-appointed panel this month proposed the so-called inter-creditor agreement among other measures after criticism that at times smaller lenders in a lending consortium were creating roadblocks for speedier resolution. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2uYx0...

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Finance minister sleeping? HC asks on debt tribunal not functioning

The court said while Mumbai was considered the financial capital of the country, the city-based DRT, which dealt with debt-recovery cases involving banks, financial institutions and their customers, was non-functional for over a month. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2mBuz...

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Banks, FIs sign pact to fast track resolution of bad loans

The ICA has been signed by 22 public sector banks (including India Post Payments Bank), 19 private sector banks and 32 foreign banks. from Banking/Finance-Industry-The Economic Times https://ift.tt/2mzGH...

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Mahindra AMC eyes Rs 7,000 Cr AUM in FY2018-19: MD&CEO

Mahindra Asset Management Company has set a target to handle assets under management of about Rs 7,000 crore and increase its presence to 500 cities from Business Line - Money & Banking https://ift.tt/2NBG1...

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Analjit Singh appointed non-executive Chairman of Max Financial Services

Singh will take over from Naina Lal Kidwai, a veteran banker, who was till recently Chairman of the company and will now continue in her role of an independent non-executive director of the company. from Banking/Finance-Industry-The Economic Times https://ift.tt/2JNtd...

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HDFC Bank’s capital raising to lift capital buffers by 300 bps

The Rs 24,000-crore capital raising will increase HDFC Bank’s capital buffers by 3 percentage points and help support the lender’s over 20 per cent from Business Line - Money & Banking https://ift.tt/2O9Oh...

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Click on Vidya Lakshmi portal for Karnataka Bank loans

Karnataka Bank Ltd has integrated its education loan scheme with the Vidya Lakshmi portal of the Government and made it available to public with effec from Business Line - Money & Banking https://ift.tt/2uVOX...

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Vijaya Bank net profit slumps 43%

Vijaya Bank has reported a 43.3 per cent decline in net profit at Rs 144.34 crore for the June quarter even though NPA ratio improved. The public se from Business Line - Money & Banking https://ift.tt/2A3Ew...

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General insurers to approach Supreme Court on mandatory PUC for motor insurance

General insurers are planning to file an appeal petition in the Supreme Court contending that compliance of pollution certificate norms is not the loo from Business Line - Money & Banking https://ift.tt/2Abap...

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SBI, PNB and other PSBs alert: Branches likely to be closed in these areas

SBI, which has already closed six foreign branches, has converted its branches in France and Sri Lanka into representative offices. SBI is planning closure of another nine branches. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Lpg1...

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Bank of Baroda sets up ‘war room lawyer team’ for bad loan recovery

Such recovery efforts are expected to bring back the bank’s profits, erased by higher provisions against bad loans. from Banking/Finance-Industry-The Economic Times https://ift.tt/2mz5T...

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SBI, others to sign inter-creditor pact today

Inter-creditor agreement (ICA), on the other hand, talks about binding minority lenders in implementing a proposal if 66% lenders agree to it. from Banking/Finance-Industry-The Economic Times https://ift.tt/2uYby...

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How parliament can reform its ailing public sector banks

Earlier this month, according to reports, the administration of Prime Minister Narendra Modi decided to withdraw the Financial Resolution and Deposit Insurance bill from parliament. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Lyca...

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Banks help parents foot children’s school fees

A few years later, the business cycle turned – for the worse. “But once you send your kid to such a good school, you can’t just take a step back,” said the transporter’s daughter. T from Banking/Finance-Industry-The Economic Times https://ift.tt/2LhUU...

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Private Banks’ Market Share: Gains come at the cost of margins

While private banks have begun to take away market share in loans and deposits from their state-owned rivals, the impact of the shift is now telling on their margins. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JLHj...

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PNB, Allahabad Bank may decide on further action against EDs, MD

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2JJWX...

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Bond effect: Fixed Maturity Plans on a high

Rising bond yields, indexation benefit have made the debt funds attractive for investors from Business Line - Money & Banking https://ift.tt/2uTGH...

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GST: Private insurers irked by exemption only for Ayushman Bharat

Insurance services under the Centrally-sponsored Ayushman Bharat scheme will be exempt from Goods and Services Tax (GST), but other big health insuran from Business Line - Money & Banking https://ift.tt/2zZcu...

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How AI is engaging customers in insurance, banking sectors

Future Generali India’s Chatbot ‘REVA’ to offer real-time services to customers from Business Line - Money & Banking https://ift.tt/2LAZs...

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India, ‘epicentre of financial inclusion’

US non-profit Accion COO says world looking at the country for innovations in fintech from Business Line - Money & Banking https://ift.tt/2uDyV...

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Union Bank moves to tighten credit appraisal, monitoring

Central hubs to process loans; only customer-facing activities at branches from Business Line - Money & Banking https://ift.tt/2Nx0M...

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Will limited payment term plan suit you?

Those unsure about paying premium for the full policy term can go for this option from Business Line - Money & Banking https://ift.tt/2O6Tw...

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Federal Bank gets RBI nod to enter Bahrain, Kuwait, Spore

South-based private sector lender Federal Bank has received the regulatory nod to open offices in Bahrain, Kuwait and Singapore, but is awaiting local clearances before it starts operations, a top official has said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uGqd...

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Federal Bank gets RBI nod to enter Bahrain, Kuwait, Spore

The Kochi-headquartered bank, which leads diaspora remittances, already has representative offices in Abu Dhabi and Dubai. from Banking/Finance-Industry-The Economic Times https://ift.tt/2uPre...

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Federal Bank gets RBI nod to enter Bahrain, Kuwait, Singapore

South-based private sector lender Federal Bank has received the regulatory nod to open offices in Bahrain, Kuwait and Singapore, but is awaiting loc from Business Line - Money & Banking https://ift.tt/2LhWL...

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South Indian Bank Q1 net declines 77.30%

South Indian Bank has posted a decline in its net profit in Q1 of FY19 at ₹23.04 crore against ₹101.47 crore in the corresponding period of the previ from Business Line - Money & Banking https://ift.tt/2LeDK...

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Nirav Modi scam: PNB, Allahabad Bank boards may decide on further action against EDs, MD

Soon after Central Bureau of Investigation (CBI) filed charge sheet in May pointed involvement of top officials of banks, PNB's board decided to divest two executive directors of all powers. from Banking/Finance-Industry-The Economic Times https://ift.tt/2A2B3...

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HDFC Bank Q1 net up 18 pct at Rs 4,601 crore

HDFC Bank reported an 18.17% year-on-year (Y-o-Y) increase in its net profit for the first quarter of FY2019 at Rs 4,601.44 crore, but missed analysts’ expectations due to an increase in provisions. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O68j...

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Corporation Bank to raise Rs 2,555 crore by issuing shares to government

Public sector lender Corporation Bank today said its Board has approved plan to raise Rs 2,555 crore by issuing shares to the government. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NAnM...

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