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Banking and Financials

Bank account holder? Got this SMS message? Beware! You could lose your money, don't do this

Bank account holder? Got this SMS message? Beware! You could lose your money, don't do this

Fri, Jul 12, 2019

All bank account holders should be cautious all the time as there are constant attempts being made by fraudsters to steal their money and here is one of the biggest methods used by them to steal innocent people's money!

MNP for banks if RBI has its way; will you gain from it?

MNP for banks if RBI has its way; will you gain from it?

Thu, Jun 01, 2017

Benefits of bank account portability would mean your account number would remain the same even if you change your bank. Banks, naturally, are not enthused by the idea but RBI is pushing for it.

NPA resolution: Banks seek relaxation in S4A scheme

NPA resolution: Banks seek relaxation in S4A scheme

Wed, May 31, 2017

Bankers have also requested the regulator to allow them to extend repayment schedule and reduce rate of interest under the scheme. These are not allowed in the exiting S4A guidelines.

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ICICI Bank Q4 result: Here's what to expect

ICICI Bank Q4 result: Here's what to expect

Tue, May 02, 2017

In the previous three quarters, ICICI Bank witnessed continuous decline in net profit, higher provisions, increasing gross non-performing assets which led to significant deterioration in asset quality and muted net interest income (NII) growth.

Trump says he's looking at breaking up big banks

Trump says he's looking at breaking up big banks

Tue, May 02, 2017

"I`m looking at that right now. There`s some people that want to go back to the old system, right? So we`re going to look at that," EFE news quoted Trump as saying in an interview with Bloomberg News.

Bank credit growth will inch up this year but will still remain weak

Bank credit growth will inch up this year but will still remain weak

Fri, Apr 28, 2017

Madan Sabnavis and Anuja Shah economists at Care Rating said, “Performance of in FY18 will depend on how the manufacturing sector fares as this is required for revival in growth in bank credit. With a share of above 40%, it is the driving force."

Kotak Mahindra Bank to buy out partner Old Mutual for Rs 1292 crore

Kotak Mahindra Bank to buy out partner Old Mutual for Rs 1292 crore

Fri, Apr 28, 2017

"In line with its philosophy to deepen and expand in Indian financial services, KMB has entered into an agreement to purchase the entire 26 per cent equity stake held by Old Mutual in Kotak Mahindra Old Mutual Life Insurance for a consideration of Rs 1,292.7 crore," the bank said in a statement.

Kotak Mahindra Bank Q4 result: Here's what you can expect?

Kotak Mahindra Bank Q4 result: Here's what you can expect?

Thu, Apr 27, 2017

Kotak's Q4 growth is expected to be marginal on quarter-on-quarter (QoQ) basis but would good in comparison with year-on-year (YoY) basis.

HDFC Bank continues to be in good books of investors

HDFC Bank continues to be in good books of investors

Tue, Apr 25, 2017

Surpassing analysts estimates, HDFC Bank on April 21, reported 18.25% rise in standalone net profit, at Rs 3,990.09 crore compared to Rs 3,374.22 crore in the corresponding period of the previous year.

Why are ATMs in India suddenly running dry again?

Why are ATMs in India suddenly running dry again?

Fri, Apr 21, 2017

As per LocalCircles survey, from April 13 - April 16, nearly 46% of Indian citizens could not find ATMs dispensing cash. In the first week of April 2017, about 36% of citizen has reported the similar problem.

HDFC Bank beats estimates in Q4; reports net profit of Rs 3,990 crore

HDFC Bank beats estimates in Q4; reports net profit of Rs 3,990 crore

Fri, Apr 21, 2017

Motilal Oswal expected HDFC Bank's net profit at Rs 3,897.2 crore up 15.49% yoy and sequentially up 0.82% on qoq basis. While NII is expected at Rs 8,521.3 above 10.70% yoy and 2.55% qoq.

Can RBI solve stressed assets problem alone?

Can RBI solve stressed assets problem alone?

Fri, Apr 21, 2017

The Reserve Bank of India (RBI) has brought in new reforms to tackle banks' long hanging problem of “stressed assets.” Stressed assets arise after adding into non-performing assets (NPA), restructured loans and written off assets.

HDFC Bank Q4 result: Here's what analysts expect its net profit will be

HDFC Bank Q4 result: Here's what analysts expect its net profit will be

Thu, Apr 20, 2017

In the previous three quarters of FY17, HDFC Bank has posted good growth in both top-line (net interest income) and bottom-line (profit after tax).

10 days left to deposit under Pradhan Mantri Garib Kalyan Deposit Scheme; Follow these 3 steps

10 days left to deposit under Pradhan Mantri Garib Kalyan Deposit Scheme; Follow these 3 steps

Thu, Apr 20, 2017

Launched on December 6, 2017, the PMGKDS was applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana - the scheme closed on March 31.

Yes Bank drops 4% as RBI norms weigh on fourth quarter results

Yes Bank drops 4% as RBI norms weigh on fourth quarter results

Thu, Apr 20, 2017

Yes Bank said, “The increase in NPA and consequent provision is in conformity with the divergence observed by the RBI as per its compliance process referred to in the RBI circular dated April 18, 2017 on 'Disclosure in the notes to accounts to the financial statements – Divergence in asset classification and provisioning.”

Digital payments in India reverse trend, grow in March

Digital payments in India reverse trend, grow in March

Wed, Apr 19, 2017

Vivek Kaul, author of Easy Money trilogy said, "There is a seasonality factor as well. March is the last month of the financial year and digital payments seem to go up during the course of the month, as people pay their taxes (advance income tax and service tax) as well as settle business payments between them."

IndusInd Bank Q4 net profit at Rs 752 crore, up 21% yoy

IndusInd Bank Q4 net profit at Rs 752 crore, up 21% yoy

Wed, Apr 19, 2017

Provisions this Q4 stood at Rs 430.13 crore, increasing by 101.31% yoy and 98.35% qoq. Gross non-performing assets was at 0.93% (Rs 1,054.87 crore), expanding by 6 basis points yoy and 1 basis points qoq.

Will Yes Bank shine in last quarter of FY17?

Will Yes Bank shine in last quarter of FY17?

Wed, Apr 19, 2017

Investors will closely watch the performance of Yes Bank in Q4 and would hope it would shine once again just like its previous three quarters of FY17.

IndusInd Bank Q4FY17 result: Here's what to expect

IndusInd Bank Q4FY17 result: Here's what to expect

Wed, Apr 19, 2017

Nilesh Parikh, Kunal Shah and Prakhar Agarwal analsyst at Edelweiss Financial Services said, "Loan growth to be higher than industry, with the continued tilt towards consumer finance division. Fee income trends to continue superior performance. Asset quality trends will likely be stable."

Q4 was another challenging quarter for Banking sector?

Q4 was another challenging quarter for Banking sector?

Wed, Apr 19, 2017

Previous three quarters of banking sector in FY17 were muted as they suffered from single-digit loan growth, excess liquidity, weak NII and lack of resolution to its non-performing assets (NPAs) problem.

ICICI Bank clarifies on Karnataka Bank stake holding rumors

ICICI Bank clarifies on Karnataka Bank stake holding rumors

Wed, Apr 12, 2017

A spokesperson of ICICI Bank said, “Some erroneous media reports have appeared that ICICI Bank has acquired 1.09% stake in Karnataka Bank. We would like to clarify that almost all of these shares are held by the bank on behalf of its equity broker clients as a security for our exchange clearing and settlement business.”

From time of listing to reaching an all-time high, RBL bank has made it large

From time of listing to reaching an all-time high, RBL bank has made it large

Mon, Apr 10, 2017

Motilal Oswal said, "We believe RBL deserves significant premium compared to peers, considering its industry leading growth rate, improvement in profitability and pristine asset quality."

Is farm loan waiver in Uttar Pradesh the right thing to do?

Is farm loan waiver in Uttar Pradesh the right thing to do?

Fri, Apr 07, 2017

Fulfilling the promise, Chief Minister Adityanath has announced farm loan waiver of Rs 36,359 crore to 2.5 crore small and marginal farmers having loans of up to Rs 1 lakh.

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