Net interest income was almost flat at ₹3,405 crore. Other income nudged up 7% to ₹1,551 crore Bank of Baroda reported a 52 per cent
Category: RBI–Banks
₹2.8-4.3 lakh cr of excess deposits entered banking system during demonetisation | Business Line–12.08.2017
Excess deposits in the range of ₹2.8-4.3 lakh crore accrued to the banking system during the demonetisation period, with unusual cash deposits in specific accounts,
State Bank of India June quarter net profit down 20% on loan loss provisions | Business Line–12.08.2017
Heavy loan loss provisions has dragged State Bank of India’s first quarter net profit down 20 per cent. Net profit in the reporting quarter was
OBC posts Rs 486 cr net loss as NPA provisioning soars | Business Line–12.08.2017
Oriental Bank of Commerce (OBC) has reported a net loss of Rs 486.20 crore for the first quarter ended June due to lower income and
Allahabad Bank posts Rs 29 cr net profit; shares plunge 2.7% | Business Line
Usha Ananthasubramanian, Managing Director and Chief Executive Officer, Allahabad Bank. (file photo) Allahabad Bank has posted a net profit of Rs. 28.84 crore for the
Essel Finance to launch ₹300-crore SME fund | Business Line–12.08.2017
Essel Finance Management, the financial services arm of Subhash Chandra-promoted Essel Group, is to launch a new fund for Small and Medium Enterprises with a
More pain ahead for country’s biggest bank | Business Line–12.08.2017
While the consolidated picture on asset quality post-merger was expected to be a cause for concern, higher-than-expected slippages, has rankled investors. With gross non-performing assets
LVB to focus on SME, retail segments | Business Line–12.08.2017
May raise ₹500-750 cr capital this fiscal Lakshmi Vilas Bank (LVB) plans to focus on three areas to drive revenues and grow its assets. It
Why top corporates may move away from banks – The Financial Express–11.08.2017
Indian banks are likely to lose more large corporate customers in the coming quarters to the bond market where credit is cheaper, but are reluctant
Bank NPAs register a significant growth during Jan-Jun: Ficci-IBA Survey | Business Standard–11.08.2017
Banks with operations in India witnessed a significant rise in non-performing assets during the first half of 2017, according to a survey released on Thursday.
Monetary policy dilemmas | Business Standard–10.08.2017
My first reaction to last week’s rate cut was that it was too little, too late. But I later felt that there are more serious
Bank of India back in black in Q1 at Rs 88 cr on better asset quality | Business Standard–10.08.2017
Aided by a rise in fees, commissions and a fall in provisions for bad loans, public sector lender Bank of India (BOI) is back in
SBI: A look at the factors behind banks not passing benefits of RBI’s rate cut to customers–Economic Times–09.08.2017
Two days after State Bank of India chairman Arundhati Bhattacharya slashed savings bank deposit rates in an unprecedented fashion, Kotak Mahindra Bank executive vice chairman
Bankruptcy Court: Commercial realty buyer can drag company to bankruptcy court–Economic Times–09.08.2017
You can now initiate bankruptcy proceedings against the developer in certain cases if you don’t get your commercial property or service apartment on time. A
JSW Steel-Bhushan Steel deal? Revival of like-by-like a decent prospect–Economic Times–09.08.2017
JSW Steel, which has big brownfield expansion plans, is reportedly making a bid for Bhushan Steel, in tie-up with Piramal Enterprises’ stressed assets fund with
Consolidation may not be a panacea for banks’ woes–Economic Times–09.08.2017
By Karthik Srinivasan The asset quality of Indian banks deteriorated significantly over the last three years, with gross non-performing advances (GNPAs) increasing to 9.5% as
Cyber security: RBI has asked banks to go for periodic vulnerability test, government tells Parliament – The Financial Express–09.08.2017
Cyber security preparedness is a continuous activity and the RBI has asked banks to periodically conduct vulnerability test, the finance ministry said today. In a
An unsettling precedent under IBC | Business Standard–09.08.2017bn
In a widely reported order, the Supreme Court allowed a debtor to settle a claim with a creditor after the collective resolution process was triggered
PNB puts 9 large stressed accounts under IBC resolution | Business Standard–09.08.2017
State-owned Punjab National Bank (PNB) has put nine of its large stressed accounts for resolution under Insolvency and Bankruptcy Code (IBC) 2016. The stressed assets,
Banks: Banks to shut out builders without RERA listing–08.08.2017
Builders who have been thinking of ways to beat the new Real Estate Regulation Act are fast running out of time as banks, in consultation
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