Banking & Finance
HDFC Bank Q3 net profit rises 33% on-year to Rs 7,416.5 crore, beats street estimates; key figures
HDFC Bank on Saturday reported Q3FY20 net profit at Rs 7,416.5 crore, beating street estimates.
South Indian Bank December quarter profit up 8%
Operating profit for the third quarter has grown by 15.4 % from Rs 332.01 crore in the year ago period to Rs 383.14 crore .
Banks loan growth at 7.5 per cent in fortnight to January 2: RBI data
In the previous fortnight ended December 20, credit had grown by 7.10 per cent to Rs 99.47 lakh crore and deposits had increased by 10.09 per cent to Rs 130.08 lakh crore.
IDBI to meet RBI this week; seeks to exit PCA framework
Since coming under the PAC, more than a third of its entire book became dud loans in Q2 of FY18, with the gross NPA ratio touching 32 per cent and the net NPAs at 17.30 per cent.
LIC Housing Finance launches offers to push sale of completed units
MD & CEO Siddhartha Mohanty said the offer has been designed keeping both home-loan borrowers and the real estate sector in mind.
Offer contactless card payments only if opted for: RBI to banks
At the time of issue or reissue, all physical and virtual cards shall be enabled for use only at contact-based points of usage, that is, ATMs and point of sale (PoS) devices within India.
Karvy case: Securities Appellate Tribunal, SAT, grants interim relief to Axis Bank
In its order Sebi stated that it has been further submitted that as on date, the principal amount of about Rs 80.47 crore and interest, cost charges etc, thereon is outstanding and due to the represen
Capital adequacy ratio above regulatory requirements, says Yes Bank
The investment offer of $500 million from Citax Holdings and Citax Investment Group was still under consideration and could not be taken up in the meeting held on January 10.
BSE, Ebix to launch insurance distribution business in February
According to Irdai, PoSPs for life insurance are individuals who have the minimum qualification and have passed the examination conducted by either the life insurer or the insurance intermediary.
Employees of govt-owned banks threaten two-day strike from January 31
The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of the nine bank unions including All India Bank Officers' Confederation (AIBOC), All India Bank Employees As
Making efforts to financially strengthen bank further: Yes Bank
The bank plans to convene an extraordinary general meeting on February 7 to get shareholders' nod for raising Rs 10,000 crore, and to increase authorised capital from existing Rs 800 crore to Rs 1,100
J&K Bank is improving statistics of its balance sheet: Chairman RK Chibber
Hoping for good results in the next quarter, he said the bank is a successful enterprise and is doing the business very professionally.
Bank loan fraud: ED arrests 2 on money laundering charges in Hyderabad
G S C Raju, promoter of Leo Meridian Infrastructure Projects and Hotels Ltd (LMIPHL), and his close associate A V Prasad were arrested under the Prevention of Money Laundering Act (PMLA) and have no
Suresh Kishinchand Khatanhar takes charge as deputy MD of IDBI Bank
Khatanhar has exposure in retail banking business, priority sector lending, corporate banking (mid corporate and large corporate), service oriented functions such as trade finance and cross selling of
Bandhan Bank profit zooms 121% on Gruh merger impact, lower provisions
Microfinance loans accounted for 61% of Bandhan Bank’s loan book, home loans made up for 29%, while 10% of the book was constituted of small and medium enterprises (SME) and personal loans.
IndusInd Bank Q3 net rises 33%; asset quality worsens
The other income (non-interest income) rose by 22% to Rs 1,790 crore against Rs 1,469 crore in the same period last year.
Another PMC Bank: RBI steps in to curb withdrawal limit, assures depositors at the same time
The license of the crisis-hit Sri Gururaghavendra Sahakara Bank Niyamitha (SGRSBN) bank in Bengaluru has not been cancelled and it can continue to undertake banking business with restrictions till its
Bad loans: RBI finds fault with banks’ reporting to CRILC
The study raises questions about the quality of banks’ reporting to the RBI-constituted Central Repository of Information on Large Credits (CRILC).
Banks’ third-quarter results may look up, supported by recoveries and treasury gains
Emkay also said that yields on government securities (g-secs) continue to trend down, with support from Operation Twist, which should help public-sector banks (PSBs) report healthy treasury gains.
Microfinance industry needs this much money to maintain growth, and be cautious of this pitfall
The microfinance industry in India, which has helped bring financial inclusion to millions of rural families and women, will need an additional capital of up to over Rs 5,000 crore to meet the target
Banks Board Bureau invites applications for MD post of India Post Payments Bank
IPPB has been incorporated as a public limited company under the Department of Posts with 100 per cent Government of India equity. The vacancy will be created on March 31, according to the advertiseme
End Yes Bank farce before it becomes tragedy for all Indian banks; government must ask SBI to help
State Bank of India, India’s largest commercial lender by assets, may hate the idea of a forced merger. But let’s face it: No other banking balance sheet in India might be able to take over a le
MDR waiver: Govt turns down banks’ compensation demand, know why
MDR charges were earlier charged by banks subject to a cap of 0.60% of card-based transactions for payments over Rs 2,000.
Digital divide among major hurdles in using financial services in India, says RBI
Certain regions in the country that have poor connectivity are left behind in ensuring access to financial services.
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