Banking & Finance

UCO Bank narrows Q4 net loss to Rs 1,552.02 crore

Uco Bank on Tuesday reported narrowing of its net loss to Rs 1,552.02 crore for the quarter ended March 31, 2019, against a net loss of Rs 2,134.36 crore for the same period a year ago, with rising op

UCO Bank narrows Q4 net loss to Rs 1,552.02 crore News

Union Bank posts Rs 3,369 crore Q4 loss on high provisions

Public-sector lender Union Bank of India on Tuesday reported a net loss of Rs 3,369 crore in the March quarter of FY19, owing to a high provisioning burden of Rs 5,766 crore.

Union Bank posts Rs 3,369 crore Q4 loss on high provisions (PTI File photo) News

Slow income growth impending deposit growth: RBI study

Decelerating income growth is the most important among the factors responsible for the slowdown in deposit mobilisation of the banking system, the Reserve Bank of India (RBI), in its recent study, sai

Slow income growth impending deposit growth: RBI study (Representative image) News

Union Bank net loss widens to Rs 3,370 crore in Q4 on higher provisioning

Net NPAs came down to 6.85 per cent from 8.42 per cent.

union bank, union bank of india News

Muthoot Finance March quarter standalone profit at Rs 512 crore

NBFC Muthoot Finance on Monday announced a flat growth in standalone net profit for the three months to March at Rs 511.5 crore.

Banking & Finance News

IDFC First Bank reports Rs 218-crore net loss

IDFC First Bank on Friday reported a net loss of Rs 218 crore for the quarter ended March 2019, owing to higher provisions.

Banking & Finance News

United Bank back in black after 7 quarters of losses

Kolkata-headquartered United Bank of India (UBI) registered a net profit of Rs 95.18 crore for the quarter ended March 31, 2019 on the back of net interest income that increased nearly 25% over the ye

Banking & Finance News

ESAF Small Finance Bank net profit soars to Rs 90.28 crore

Kerala-based ESAF Small Finance Bank on Monday said that it has achieved a 234% year-on-year increase in net profit for FY19 at Rs 90.28 crore.

Banking & Finance News

RBI reserves: Jalan panel to submit report in June

A high-level panel, chaired by former governor of Reserve Bank of India (RBI) Bimal Jalan to determine the appropriate capital reserves with the central bank, will submit its report in June, a source

Banking & Finance News

Muthoot Finance posts 14% jump in net profit during FY’19

The company had posted a profit of Rs 1,844 crore in 2017-18.

muthoot finance, muthoot News

NBFC liquidity crisis hits ‘loans against property’ market in FY19

High loan-to-value and high-yield buckets have reported higher delinquencies.

nbfc, vehicle loans News

Karnataka Bank Q4 net jumps nearly 6-fold to Rs 62 crore

Net interest margin -- a gauge of profitability for banks--was lower by 67 basis points to 2.87 per cent for the latest quarter as against 3.54 per cent a year ago.

banking sector, banking industry News

Accelerating economic growth, disposable incomes key to banks’ deposit mobilisation

The slowdown in bank deposit growth in the recent period alongside a revival of credit demand raised concerns about a structural liquidity gap in the system, possibly amplified by substitution effects

Banking & Finance News

Finance Ministry seeks applications for post of DMDs at IIFCL, IFCI, Exim Bank

The positions are open for All India Service officers on deputation basis with minimum 15 years of experience of which 2 years as director or deputy secretary to Government of India in relevant filed.

banking job india, finance job india News

RBI proposes mobile app to help visually impaired to identify currency notes

At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 notes issued by the Government of India.

Banking & Finance News

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.

Banking & Finance News

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 ri

Banking & Finance News

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

Banking & Finance News

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.

SBI JOBS RECRUITMENT OF SPECIALIST CADRE OFFICERS IN STATE BANK OF INDIA ON CONTRACT BASIS News

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.

Banking & Finance News

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%.

Banking & Finance News

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
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