NPA crisis will improve the credit market: Rashesh Shah, Edelweiss Group

Edelweiss Group chairman Rashesh Shah and his wife Vidya Shah share views on a range of subjects, including business, credit crisis, corporate governance. from Banking/Finance-Industry-Economic Times http://bit.ly/2VPJC...

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IDFC First Bank posts net loss of ₹218 cr in Q4 FY19

IDFC First Bank has posted a net loss of ₹218 crore for the fourth quarter of 2018-19 due to high provisioning. The lender had a net profit of ₹41.93 from Business Line - Money & Banking http://bit.ly/2PWz4...

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SBI posts good numbers in Q4, loan growth robust

State Bank of India on Friday swung to a profit of Rs 838.40 crore for the three months to March against a loss of Rs 7,718.17 crore in Q4FY18. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HbmU...

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Allahabad Bank net loss widens to Rs 3,834 crore in Q4

Allahabad Bank on Friday reported widening of its net loss to Rs 3,834.07 crore for the quarter ended March 31, 2019 against a net loss of Rs 3,509.63 crore for the same period a year ago, due to a rise in provisions to cover bad loans. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ym23...

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Non-food credit growth grew 13 per cent in fortnight ended April 26

Non-food bank credit grew a reasonably good 13.13% year-on-year (y-o-y) in the fortnight ended April 26, although somewhat slower than the 14.2% in the previous fortnight, as per the data released by the RBI. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Hd9I...

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DHFL says paid over Rs 30,000 crore to creditors since September

It said that over the last one week there has been a lot of unwarranted speculations in the market about continuous weakening of DHFL's credit profile. from Banking/Finance-Industry-Economic Times http://bit.ly/2YnBB...

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Allahabad Bank aims to raise ₹1,200 crore via QIP in FY20

Lender posts Q4 net profit of ₹634 crore from Business Line - Money & Banking http://bit.ly/2Hb46...

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ICRA looking into IL&FS rating issue, hires external experts for assistance

The crisis-ridden infrastructure conglomerate, once a pioneer of public-private partnership, came under the scanner of multiple regulators besides SEBI post defaults in debt obligations. from Banking/Finance-Industry-Economic Times http://bit.ly/2Vbep...

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Electoral bonds worth Rs 3,622 cr sold by SBI: RTI

The State Bank of India has sold electoral bonds worth over Rs 3,622 crore in March and April this year, an RTI response has said. SBI said electoral bonds of Rs 1,365.69 crore were sold in March, which shot up by 65.21 per cent in April to Rs 2,256.37 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/309PD...

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Canadian pension fund invests₹1,040 crore in ECL Finance

ECL Finance, a subsidiary and NBFC arm of Edelweiss Group, has received ₹1,040 crore ($150 million) from CDPQ Private Equity Asia Pte Ltd, a wholly-o from Business Line - Money & Banking http://bit.ly/2vSjE...

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SBI’s gross slippages decline, bad loans come down in Q4; key figures

State Bank of India (SBI) on Friday reported lower gross slippages in the fourth quarter of FY19, beating the street estimates. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2vRUJ...

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Syndicate Bank’s Q4 profit at ₹128 crore

Syndicate Bank on Friday reported a profit of ₹128.02 crore for the March quarter of 2018-19 on a modest rise in core income and slight improvement in from Business Line - Money & Banking http://bit.ly/2PWd6...

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Allahabad Bank Q4 loss widens to Rs 3,834 cr on mounting bad loans

Allahabad Bank on Friday reported widening of net loss to Rs 3,834.07 crore during the fourth quarter of 2018-19 financial year due to mounting bad l from Business Line - Money & Banking http://bit.ly/2JbJG...

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SBI sold electoral bonds worth Rs 3,622 cr in March, April: RTI

State Bank of India has sold electoral bonds worth over Rs 3,622 crore in March and April this year, an RTI response has said.In a response provided t from Business Line - Money & Banking http://bit.ly/2YiYJ...

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Canara Bank Q4 loss narrows to Rs 551 cr on lower provisioning for bad loans

State-owned Canara Bank on Friday said its net loss narrowed multi-fold to Rs 551.53 crore for the fourth quarter of fiscal 2018-19, mainly driven by from Business Line - Money & Banking http://bit.ly/2PWg9...

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SBI cuts lending rate to 8.45% from 8.5%

This is the second rate cut in the last one month. from Business Line - Money & Banking http://bit.ly/2vRFE...

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SBI reduces lending rates across all tenors by 5 bps

The country's largest lender State Bank of India (SBI) has reduced its marginal cost-based lending rate (MCLR) by five basis points (bps) with effect from May 10, the bank said in a statement. This is the second rate cut in this financial year. SBI had announced a 5 bps cut in MCLR across all tenors on April 10 in response to RBI's 25 bps repo rate cut. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2E05j...

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State Bank of India says two bids received for Jet Airways

State Bank of India (SBI) said on Friday that it has received two unsolicited bids for ailing Jet Airways, nearly a month after the airline was forced from Business Line - Money & Banking http://bit.ly/2WGzy...

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SBI reports Q4 net profit at ₹838 cr

Bad loan provisions jump 24 per cent from Business Line - Money & Banking http://bit.ly/2WBPT...

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SBI reports net profit of Rs 838 crore in Q4

State Bank of India (SBI) reported a profit for the fourth quarter, compared with a record loss a year ago, as the country's largest lender benefited from better asset quality and higher income from its retail banking business. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2VsGS...

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State Bank of India turns in profit for fourth quarter

State Bank of India (SBI) reported a profit for the fourth quarter, compared with a record loss a year ago, as the country's largest lender benefited from better asset quality and higher income from its retail banking business. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Lwt2...

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International bank fund transfers become easier: SWIFT

Speaking to TOI, SWIFT’s head of Asia-Pacific and Europe, Middle East & Africa, Alain Raes, said that the business model for remittance companies got created because of inefficiencies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2WCFX...

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Karnataka Bank appoints COO, CBO

Balachandra is a postgraduate in Commerce, a fellow member of ICSI and a CAIIB from Business Line - Money & Banking http://bit.ly/2JxlO...

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International bank fund transfers become easier

Already immediate account-to-account transfers are possible in several jurisdictions like China and Australia. from Banking/Finance-Industry-Economic Times http://bit.ly/2LA29...

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IDBI sees early synergies with LIC

​​The bank is using its network to sell insurance policies and in turn planning to offer home loans to LIC’s customers. from Banking/Finance-Industry-Economic Times http://bit.ly/2W1cw...

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Google Pay looks beyond UPI, card payments in the works

A consumer paying through Google Pay currently has to use UPI, which is connected to a specific bank account. from Banking/Finance-Industry-Economic Times http://bit.ly/2DZlY...

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IL&FS default: Role of LIC officials under SFIO lens

The agency is seeking information about the funding of ITNL by IFIN since LIC was one of the lenders to IL&FS. from Banking/Finance-Industry-Economic Times http://bit.ly/2WuAQ...

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SC stays reopening of IL&FS books ordered by NCLAT

The new management at IL&FS wants the court to vacate its order. from Banking/Finance-Industry-Economic Times http://bit.ly/2DYbN...

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PNB Housing Finance Q4 net grows 51% to Rs 378 crore

PNB Housing Finance on Thursday reported a 51% year-on-year (y-o-y) growth in net profit to Rs 378 crore for the quarter ended March 31, led by increase in fee income and lower provisions. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Vi5u...

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Indian Overseas Bank Q4 net loss narrows to 45% to Rs 1,985 crore

In a statement, IOB said it posted an operating profit of Rs 5,034crore, the highest in eight decades, while its CASA hit an all-time high of 38.30%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/307Rz...

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South Indian Bank Q4 net falls 38 pc to Rs 70.51 crore on higher provisioning for bad loans

Asset quality of the bank deteriorated, with the gross non-performing assets (NPAs) rising to 4.92 per cent of the gross advances as on March 31, 2019 from 3.59 per cent a year ago. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VcEC...

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PNB Housing Finance Q4 net grows 51% to Rs 378 crore

PNB Housing Finance on Thursday reported a 51% year-on-year (y-o-y) growth in net profit to Rs 378 crore for the quarter ended March 31, led by increase in fee income and lower provisions. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Vi5u...

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Indian Overseas Bank Q4 net loss narrows to 45% to Rs 1,985 crore

In a statement, IOB said it posted an operating profit of Rs 5,034crore, the highest in eight decades, while its CASA hit an all-time high of 38.30%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/307Rz...

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South Indian Bank Q4 net falls 38 pc to Rs 70.51 crore on higher provisioning for bad loans

Asset quality of the bank deteriorated, with the gross non-performing assets (NPAs) rising to 4.92 per cent of the gross advances as on March 31, 2019 from 3.59 per cent a year ago. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VcEC...

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Inflows into equity MF schemes down 60% on market turbulence, downgrades

But despite uncertainties, the mutual fund industry has done better, says AMFI chief from Business Line - Money & Banking http://bit.ly/2DUQY...

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Pune, one of the least insured cities: Survey

Our BureauA survey by Max Life Insurance has revealed that only 58 per cent of Pune’s population owns life insurance, making it one of the least insu from Business Line - Money & Banking http://bit.ly/2VcnE...

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Banks must turn towards global trade-finance instruments: RBI

The overdependence of local banks on overseas branches through less standardised instruments limits the scope of trade-credit operations from Business Line - Money & Banking http://bit.ly/305S7...

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IOB net loss slips 45% to ₹1,985 cr

Indian Overseas Bank’s (IOB) net loss for the quarter ended March 31, 2019, narrowed by 45 per cent to ₹1,985 crore, against ₹3,607 crore recorded du from Business Line - Money & Banking http://bit.ly/2HgCU...

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Karnataka Bank appoints COO & CBO

Pai will be in charge of credit marketing, credit sanctions, branch banking & digital channels and transformation cell. from Banking/Finance-Industry-Economic Times http://bit.ly/2VbXP...

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South Indian Bank Q4 net falls 38% to Rs 70.51 cr

Due to higher provisioning for bad loans from Business Line - Money & Banking http://bit.ly/2Ly9q...

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Credit demand, deposit growth lose steam

In the year-ago fortnight, credit stood at Rs 85.17 lakh crore while deposits stood at Rs 113.81 lakh crore. from Banking/Finance-Industry-Economic Times http://bit.ly/2Hb8l...

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TCS reclaims most valued firm status from RIL

RIL and TCS have in the past also competed with each other for the number one position in terms of market capitalisation. TCS is the country's most valued firm followed by RIL, HDFC Bank (Rs 6,24,362.11 crore), Hindustan Unilever (Rs 3,67,880.69 crore) and ITC (Rs 3,67,513.78 crore). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2vPjV...

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Anil Ambani-led RCom's bankruptcy process begins; next hearing on May 30

RCom, which owes over Rs 50,000 crore to banks, has become the first Anil Ambani group company to be officially declared bankrupt after the NCLT on Thursday superseded its board and appointed a new resolution professional to run it and also allow the SBI-led consortium of 31 banks to form a committee of creditors. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2WxLR...

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PNB Housing Q4 net profit jumps 51 per cent

PNB Housing Finance on Thursday reported a 51 per cent jump in its consolidated net profit to ₹379.77 crore for the fourth quarter ended March 2019.Th from Business Line - Money & Banking http://bit.ly/2JzyM...

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Bandhan Bank to consolidate existing branch network

The bank opened 50 new branches 250 new DSCs (doorstep service centre) in the last fiscal. from Banking/Finance-Industry-Economic Times http://bit.ly/2Vfb5...

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India Ratings downgrades Yes Bank with negative outlook

Days after Icra downgraded Yes Bank, India Ratings has also lowered the lender’s long-term ratings on concerns of some of its loan exposure turning i from Business Line - Money & Banking http://bit.ly/2YdRi...

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NBFCs feel sting as Mutual Funds cut exposure

The fallout from IL&FS Group’s defaults continue to make it more difficult and costlier for companies in the sector, particularly weaker players, to access funding. from Business Line - Money & Banking http://bit.ly/2HaVx...

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Shoppers use debit cards more on ecommerce websites: Report

In terms of value, credit cards were ahead at more than $10 billion compared with slightly less than $8 billion for debit cards. from Banking/Finance-Industry-Economic Times http://bit.ly/2V8gK...

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Delhi High Court sets aside 5 orders against ED seizure of assets

State Bank of India, Axis Bank, IDBI and Punjab National Bank had complained that the ED had attached properties over which the banks had liens. from Banking/Finance-Industry-Economic Times http://bit.ly/2PTCU...

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Singed by downgrades, NBFCs want rating agencies reined in

Singed by the drastic ratings downgrades, non-banking finance companies (NBFCs), under the aegis of the Finance Industry Development Council (FIDC), a from Business Line - Money & Banking http://bit.ly/2Y93f...

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ICRA expects better realisations for lenders under IBC in FY20

To get a boost from conclusion of Essar Steel and Bhushan Steel cases from Business Line - Money & Banking http://bit.ly/2H8pG...

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RBI likely to cut rates again next month: IHS Markit

The Reserve Bank of India is likely to cut interest rates one more time in June before rising inflation pressures and elevated fiscal deficits leave from Business Line - Money & Banking http://bit.ly/2Wvs1...

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RBI withdraws circular to banks to disclose IL&FS exposure

With the National Company Law Appellate Tribunal (NCLAT) lifting the freeze on banks from declaring the accounts of debt-laden IL&FS and its group from Business Line - Money & Banking http://bit.ly/2Jpwk...

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RBI allows banks to treat IL&FS expsoure as NPAs

IL&FS Group companies, with a collective debt of over Rs 90,000 crore, are going through resolution process. from Banking/Finance-Industry-Economic Times http://bit.ly/2vK1r...

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Religare Finvest skips April installment to banks; proposes debt resolution plan

The Religare group company has been going through difficult times in the recent past on account of mismanagement and misappropriation of funds, RFL said in a release. from Banking/Finance-Industry-Economic Times http://bit.ly/2H8EP...

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FinComm meets Shaktikanta Das , discusses setting up of state-level commission

The 15th Finance Commission on Wednesday deliberated on the need to set up such panels in states during its meeting with RBI Governor Shaktikanta Das from Business Line - Money & Banking http://bit.ly/2VM1P...

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BharatPe launches UPI for merchants

BharatPe, a fintech start-up enabling payments for merchants through interoperable UPI QR codes, has announced its foray into merchant services with from Business Line - Money & Banking http://bit.ly/2Lsz8...

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IL&FS resolution on track; green companies' Rs 12,000 cr debt likely to be settled by July: Official

As part of the resolution efforts, the group companies have been classified into three categories, mainly based on their financial positions -- green, amber and red. from Banking/Finance-Industry-Economic Times http://bit.ly/2Jl3o...

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Look out for stress in the real estate sector: ICICI PruLife

The next flash point in India’s credit markets could be real-estate debt.That is the view of ICICI Prudential Life Insurance Co, a major corporate bon from Business Line - Money & Banking http://bit.ly/301lf...

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Hope Jet gets buyers on May 10: Goyal to staff

Describing Jet Airways’ 26th anniversary on this May 5 as “saddest of all days with no flights”, founder Naresh Goyal says he made Rs 250 crore available to banks from a group company. The airline’s taking to the skies again is now considered very difficult given its huge debt-cum-liabilities like payables to the tune of over Rs 25,000 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2LrJQ...

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Driving financial inclusion: From panacea to pain

In theory, the central bank was doing what was needed to extend organised banking services to those left unbanked by traditional lenders. from Banking/Finance-Industry-Economic Times http://bit.ly/2JwYI...

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Insurers breach expense limit, seek tweak in norms

​​As of now, the expense caps are described according to product categories and the number of years a company has been in operations. from Banking/Finance-Industry-Economic Times http://bit.ly/2VM3f...

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IDBI sees early synergies with LIC

​​The bank is using its network to sell insurance policies and in turn planning to offer home loans to LIC’s customers. from Banking/Finance-Industry-Economic Times http://bit.ly/2Lvch...

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Auto slowdown may hit banks’ retail growth

Personal vehicle loan portfolio, comprising cars and two-wheeler loans, nearly halved in the last fiscal from Banking/Finance-Industry-Economic Times http://bit.ly/2H9uT...

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Banking frauds: IBA seeks applications to make forensic auditors’ list

The list includes the likes of Alvarez & Marsal India, Ernst and Young, BDO India, Price Water House Coopers, BMR Advisors, Deloitte and KPMG. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JoJm...

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Banking frauds: IBA seeks applications to make forensic auditors’ list

The list includes the likes of Alvarez & Marsal India, Ernst and Young, BDO India, Price Water House Coopers, BMR Advisors, Deloitte and KPMG. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JoJm...

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Hope Jet gets buyers on May 10: Goyal to staff

Describing Jet Airways’ 26th anniversary on this May 5 as “saddest of all days with no flights”, founder Naresh Goyal says he made Rs 250 crore available to banks from a group company. The airline’s taking to the skies again is now considered very difficult given its huge debt-cum-liabilities like payables to the tune of over Rs 25,000 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Jw32...

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Introduction of new pension scheme in SBI has ‘no legal effect’, rules Kerala High Court

The High Court of Kerala has declared that the introduction of Defined Contributory Pension Scheme/New Pension Scheme (NPS) in State Bank of India ‘ from Business Line - Money & Banking http://bit.ly/2LDad...

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TGB Q4 net profit up 23%

Telangana Grameena Bank (TGB) has posted a 23 per cent increase in net profit at ₹43 crore in the financial year ended March 31, 2019, compared to ₹35 from Business Line - Money & Banking http://bit.ly/2VNGU...

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Settle cyclone Fani claims faster: IRDAI to insurers

The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to settle claims faster in the wake of cyclone Fani.In its guid from Business Line - Money & Banking http://bit.ly/2Lwp6...

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NHB gives nod to DHFL to divest stake in Aadhar Housing Finance

Dewan Housing Finance Corporation Ltd (DHFL), on Tuesday, said the divestment of its stake in Aadhar Housing Finance Ltd is expected to be completed s from Business Line - Money & Banking http://bit.ly/2Y9Tr...

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SBI to seek consultant’s help todraw up long-term growth plan

Bank wants to improve Return on Assets and pre-provisions operating profit from Business Line - Money & Banking http://bit.ly/2vKeC...

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RBI plans more forex swaps, steps to inject cash says officials

These latest moves are expected to increase cash in the financial system from Business Line - Money & Banking http://bit.ly/2V5Ux...

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HDFC Bank to consider stock split later this month

Presently, one share of HDFC Bank has a face value of Rs 2. Its shares closed at Rs 2,328 apiece on the Bombay Stock Exchange, down 1.7%. At present, the bank has issued about 272 crore shares of face value of Rs 2. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Y7el...

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With rise in borrowing costs, margins grew by 90bps: Ajay Srinivasan, CEO of Aditya Birla Capital | Interview

The biggest opportunity for a non-banking financial company (NBFC) currently is in the small and medium enterprise (SME) sector as the typical banking structure has always under served SMEs, says Ajay Srinivasan, CEO, Aditya Birla Capital from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Wrs8...

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ICICI Bank CFO interview: ‘We’ve written off around Rs 7,000 crore of loans in Q4’

"We have written off around Rs 7,000 crore of loans during the quarter. For the year, the write-offs are about Rs 11,000 crore. Last year, the write-offs were about Rs 8,300 crore." from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DSOl...

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Indian Overseas Bank to raise Rs 850 crore via non-core assets sale

The loss-making bank, which is burdened with a major chunk of sticky assets, is currently exploring options for stake sales in joint venture and other entities to augment resources, which could help raise over Rs 445crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Wsqt...

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ICICI Bank net drops 5% on fall in non-interest income

In Q4FY19, ICICI Bank’s net interest income (NII) rose 26.5% y-o-y to Rs 7,620 crore. NII is the difference between interest earned and interest expended. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DPU4...

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Second term for NDA will resolve NBFC’s liquidity woes, says IIFL chairman

The IIFL Group unveiled its new brand identity and launched its new product Advisor Anytime Anywhere (AAA) for financial advisors who can service their clients for all the financial products.  from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WoZM...

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With rise in borrowing costs, margins grew by 90bps: Ajay Srinivasan, CEO of Aditya Birla Capital | Interview

The biggest opportunity for a non-banking financial company (NBFC) currently is in the small and medium enterprise (SME) sector as the typical banking structure has always under served SMEs, says Ajay Srinivasan, CEO, Aditya Birla Capital from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Wrs8...

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ICICI Bank CFO interview: ‘We’ve written off around Rs 7,000 crore of loans in Q4’

"We have written off around Rs 7,000 crore of loans during the quarter. For the year, the write-offs are about Rs 11,000 crore. Last year, the write-offs were about Rs 8,300 crore." from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DSOl...

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Indian Overseas Bank to raise Rs 850 crore via non-core assets sale

The loss-making bank, which is burdened with a major chunk of sticky assets, is currently exploring options for stake sales in joint venture and other entities to augment resources, which could help raise over Rs 445crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Wsqt...

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ICICI Bank net drops 5% on fall in non-interest income

In Q4FY19, ICICI Bank’s net interest income (NII) rose 26.5% y-o-y to Rs 7,620 crore. NII is the difference between interest earned and interest expended. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DPU4...

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Second term for NDA will resolve NBFC’s liquidity woes, says IIFL chairman

The IIFL Group unveiled its new brand identity and launched its new product Advisor Anytime Anywhere (AAA) for financial advisors who can service their clients for all the financial products.  from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WoZM...

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Cyclone Fani: SBI operationalises most branches in Odisha

State Bank of India Monday said it has made operational most of its branches in Odisha, which was hit by cyclone Fani late last week. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DSO2...

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Indian Overseas Bank eyes to raise Rs 850 crore in FY19-20

The bank with various initiatives has turned around and the capital augmentation through these traditional ways will facilitate it to achieve the targeted profit in FY2020, IOB Executive Director K Swaminathan said. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WnLh...

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ICICI Bank Q4 profit falls 5% on year to Rs 969 crore; key figures in nutshell

ICICI Bank reported a fall in profit at Rs 969 crore in QFY19 over Rs 1,020 crore in the corresponding quarter last year. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DPqd...

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Mastercard to invest $1 billion to develop India as global tech node

This investment will help foster innovation and increase Mastercard’s speed-to-market capabilities and value-added services from Business Line - Money & Banking http://bit.ly/2E3Ji...

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Federal Bank Q4 net profit zooms 163% at ₹382 crore

Federal Bank has recorded the highest-ever annual net profit of ₹1,243.89 crore during 2018-19 (up 41.54 per cent) and quarterly net profit of ₹381.51 from Business Line - Money & Banking http://bit.ly/2V005...

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Insurance start-up Turtlemint aims to expand distribution, digital presence

Tech-based insurance start-up Turtlemint plans to scale up distribution and digital presence and expand its network to 2.5 lakh Point of Sales Persons from Business Line - Money & Banking http://bit.ly/2ZZC6...

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HDFC Bank board plans to consider stock split on May 22

The board of directors of HDFC Bank will consider a stock split on May 22. “The board of directors of the bank would consider a proposal for sub divis from Business Line - Money & Banking http://bit.ly/2V3I9...

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Adherence to IBC timelines still a challenge, says Crisil report

Limited number of information utilities, clarity on priority of claims need to be addressed from Business Line - Money & Banking http://bit.ly/2ZZC1...

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‘More employees ‘engaged’ in contributing to SBI’s growth’

State Bank of India has more employees ‘engaged’ than ‘disengaged’ when it comes to contributing to its growth and finding satisfaction in their work, from Business Line - Money & Banking http://bit.ly/2V48w...

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RBI enhances housing-loan limits under priority sector lending for RRBs, SFBs

The Reserve Bank of India has decided to enhance the housing loan limits for Regional Rural Banks (RRBs) and Small Finance Banks (SFBs) for eligibilit from Business Line - Money & Banking http://bit.ly/2J5iD...

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ICICI Bank’s core performance healthy, but provisioning remains high

While bad loans declined, corporate and SME slippages inched up in the March quarter from Business Line - Money & Banking http://bit.ly/2Jft7...

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With no takers, ₹10 coins piling up at banks

Banks and the general public are finding it tough to use ₹10 coins for retail transactions, as these are not being accepted by many as legal tender. A from Business Line - Money & Banking http://bit.ly/2J2q6...

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Mastercard commits Rs 7,000 crore investment in India in next 5 years

The company has already invested USD 1 billion in the Indian market in the last five years. from Banking/Finance-Industry-Economic Times http://bit.ly/2JkMB...

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Indian Overseas Bank eyes to raise Rs 850 cr through sale of non-core assets

Public sector Indian Overseas Bank on Monday plans to raise about Rs 850 crore during the current financial year through sale of non-core assets, to from Business Line - Money & Banking http://bit.ly/2Lp3g...

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Second term for NDA will resolve NBFCs' liquidity woes: IIFL's Nirmal Jain

The crisis in the NBFC sector started with a series of defaults by IL&FS, which owes over Rs 99,350 crore to banks, from last September. from Banking/Finance-Industry-Economic Times http://bit.ly/2LpZv...

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Finance Commission to hold meeting with RBI Guv, bank officials on May 8-9

The 15th Finance Commission will meet RBI Governor Shaktikanta Das and representatives of banks and financial institutions during its two-day visit from Business Line - Money & Banking http://bit.ly/2V6Fu...

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ICICI Bank Q4 profit drops, misses estimates

ICICI Bank Ltd reported a 5 per cent drop in fourth-quarter profit on Monday, missing estimates, partly as a rise in expenses overshadowed a fall in from Business Line - Money & Banking http://bit.ly/2ZWfp...

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ICICI Bank Q4 profit drops on higher expenses

Net profit dropped to Rs 969 crore ($139.71 million) in the three months ended March 31, from Rs 1,020 crore a year earlier when stricter central bank (RBI) rules had forced the country's third-biggest lender by assets to account for more bad loans. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Yelz...

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Sensex crashes 363 points; Nifty ends below 11,600: Things to know

Major laggards on the 30-share BSE platform include Yes Bank, Tata Motors, Tata Steel, Bajaj Finance, HDFC twins (HDFC and HDFC Bank), IndusInd Bank and Reliance Industries with their shares sliding as much as 4.78 per cent. 24 out of 30 stocks on the BSE index closed in red. On NSE, except for Nifty IT, all other sub-indices ended in red with Nifty Media and Metal falling the most, down as much as 2.18 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/...

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Shares of LIC Housing falls; brokerages cautious on asset quality

Both Morgan Stanley and Nomura retain the “buy” rating with the price target at Rs 500 from Business Line - Money & Banking http://bit.ly/2DQiP...

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Federal Bank hits one-year high on upbeat Q4 profit

Shares of Federal Bank Ltd rose as much as 4.4 per cent, their highest since May 2018.The bank had posted a nearly two-fold jump in March-quarter cons from Business Line - Money & Banking http://bit.ly/2PTpp...

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Yes Bank slips on ICRA rating downgrade

Shares of Yes Bank Ltd fell as much as five per cent to Rs 167.05.The bank's ability to resolve below rated advances in a timely manner will remain a from Business Line - Money & Banking http://bit.ly/2vH72...

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IndusInd Bank hits near two-month low

The shares of IndusInd Bank Ltd fell as much as 1.81 per cent to Rs 1,528.35, their lowest since March 12.The stock broke below a support at Rs 1,565. from Business Line - Money & Banking http://bit.ly/2H3Qo...

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Corporate loan growth higher than retail

Bank loan growth to large corporates touched a five-year high in FY19 clocking 8.2% to Rs 24 lakh crore compared to growth of less than 1% a year ago. from Banking/Finance-Industry-Economic Times http://bit.ly/2JjbR...

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Sensex dives 390 points in early trade; Nifty below 11,600

On the 30-share BSE index, major laggards include Tata Motors, Yes Bank, Tata Steel, Vedanta, HDFC and IndusInd Bank with their shares diving as much as 4 per cent. On NSE, all sub-indices started on a negative tone with Nifty Metal sliding the most, down 2.42 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2JiUs...

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RBI weighs incentives for banks to move IBC

RBI may assign a ‘lower risk weight’ on loans to cos against which bankruptcy has been initiated. from Banking/Finance-Industry-Economic Times http://bit.ly/2V4pz...

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Underinsurance the bigger challenge, say insurers as they get ready to settle Fani claims

Loss due to inadequate coverage is huge in most natural calamities: officials from Business Line - Money & Banking http://bit.ly/2Y1xB...

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IL&FS case: Auditors have many questions to answer, says Corp Affairs Secy

Crisis-hit IL&FS group's debt burden is estimated to be more than Rs 94,000 crore and various entities from Banking/Finance-Industry-Economic Times http://bit.ly/2PPa4...

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Now, PSUs to rescue government's failing strategic sale plan

DIPAM officials said that next round for sale of majority government holding in companies will be offered to willing CPSEs proposing to give a good valuation for Centre's stake. from Banking/Finance-Industry-Economic Times http://bit.ly/2H2ge...

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