Banking & Finance

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.

Banking & Finance News

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.

Banking & Finance News

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

Banking & Finance News

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."

Banking & Finance News

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 r

Banking & Finance News

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.

icici bank q4 result: net profit dips 5 percent on a yearly basis News

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. 

NBFCs opt for retail NCDs as mutual funds cut long-term lending News

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.

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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 Sw

Banking & Finance News

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.

ICICI Bank launches ‘insta auto loan’ for pre-approved customers News

WhatsApp payment service: Trial can’t go on forever, give a timeline, says Supreme Court

WhatsApp reportedly has over 200 million active users in India and almost 1 million people are “testing” its payments service.

Banking & Finance News

Is NBFC crisis over? Here’s what HDFC MD Aditya Puri has to say

He pointed to better recognition of soured debt, closer central bank inspections and more disciplined behaviour by borrowers after the implementation of the nation’s new bankruptcy law.

Banking & Finance News

RBI slaps Rs 11 lakh fine on Yes Bank for violating money transfer norms

Yes Bank Friday said the Reserve Bank of India has imposed a penalty of Rs 11.25 lakh on it for violating money transfer norms.

RBI slaps Rs 11 lakh fine on Yes Bank for violating money transfer norms News

IL&FS is no Lehman; NBFC crisis over thanks to govt, but problem remains: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri says that tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s NBFCs following last year’s defaults by

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Banks get NCLAT nod to declare defaulting IL&FS accounts as NPAs

The RBI had moved the NCLAT, filing a plea to modify the order allowing the banks to declare the defaulting accounts of IL&FS as NPAs as per the banking regulations.

Banking & Finance News

Bandhan Bank Q4 net soars 68%, asset quality improves

The asset quality improved, with gross non-performing assets (NPAs) falling by 37 bps quarter-on-quarter to 2.04% of the loan book.

Banking & Finance News

IL&FS accounts can finally be called NPAs: NCLAT green light to banks

The NCLAT had in February prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking approval from the tribunal.

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Victory for RBI: Madras HC sets aside its single-judge order on NBFC registration

RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority.

Banking & Finance News

UPI usage volumes dip 2% m-o-m in April

On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y.

Banking & Finance News

This housing bank, once owned by RBI, is now govt owned entity; here’s why

The National Housing Bank (NHB), once a wholly-owned subsidiary of Reserve Bank of India (RBI), has now been taken over by the government.

RBI sells entire stake in NHB, Nabard to govt for Rs 1,470 crore News

Uday Kotak’s mantra to overcome NBFCs’ challenges; three key things to know

Even as the entire financial services sector continues to remain under pressure due to a brewing liquidity squeeze, veteran banker Uday Kotak called for a very strong policy in a bid to guide the sect

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Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%.

Banking & Finance News

Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium.

Banking & Finance News

Kotak Mahindra Bank Q4 net profit jumps 25% on-year, asset quality stable; key figures in a nutshell

India's second largest private sector lender Kotak Mahindra Bank 's Q4 net profit met analyst estimates, as the firm reported a 25% on-year rise in net profit, even as asset quality remained stable.

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Bank of Maharashtra back in black with Rs 72 crore profit in Q4

Now that the bank is out of PCA, it will be looking at growing advances to quality corporates, retail agri and the MSME sector.

Banking & Finance News

Banks: Trends remain unchanged in MSME lending

While loan growth is healthy and NPLs are stable, private banks have been gaining market share at cost of PSBs

Banking & Finance News

Why govt is not directing RBI to disclose details about defaulters and banks’ inspections, says Congress

After that for four long years, the RBI under the direction of this government, clearly wanting to hide things, has procrastinated, has obstructed and has derailed, has avoided, and has given excuses.

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