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Will PNB benefit the most?

Will PNB benefit the most?

Fri, Dec 06, 2024

What will be the impact of half percent reduction in CRR on banks? Will PNB benefit the most? Know the full news?

Banks should adopt 'bottom-up' approach for preparing credit plan: RBI's Swaminathan

Banks should adopt 'bottom-up' approach for preparing credit plan: RBI's Swaminathan

Tue, Dec 03, 2024

Banks should adopt a "bottom-up" approach for preparing credit plans to fulfil fund requirements for different segments in districts, RBI Deputy Governor Swaminathan J has said.

Morgan Stanley report on banks, cut in interest rates, who benefits?

Morgan Stanley report on banks, cut in interest rates, who benefits?

Mon, Sep 09, 2024

Morgan Stanley report on banks. Cut in interest rates, who benefits? Morgan Stanley's Preferred Bank Shares. Know complete details in this video.

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Indian Bank's Q3 net profit up 671%; shares gain

Indian Bank's Q3 net profit up 671%; shares gain

Wed, Jan 25, 2017

The bank reported net profit of Rs 373.47 crore, registering growth of 670.51% compared to Rs 48.47 crore in the corresponding period of the previous year.

HDFC Bank shares gain ahead of Q3; what to expect

HDFC Bank shares gain ahead of Q3; what to expect

Tue, Jan 24, 2017

Kotak also feels RBI's asset quality review to offset the impact of stressed assets and enable most banks to see higher growth in net profits compared to pre-provisioning profits.

Govt pressed ahead with demonetisation despite concerns, RBI tells parliament

Govt pressed ahead with demonetisation despite concerns, RBI tells parliament

Fri, Jan 20, 2017

The central bank in a writtenn testimony to the parliament said that they had warned the government of the "possible inconvenience to the public for some time".

State Bank of India issues shares to Govt; raises Rs 5681 crore

State Bank of India issues shares to Govt; raises Rs 5681 crore

Fri, Jan 20, 2017

SBI said, "The committee of director for capital raising considered accorded approval by circulation to allot Rs 21,07,27,400 equity shares, ranking pari-passu with the existing shares of SBI in all respects with a consideration of Rs 5681 crore."

Canara Bank's Q3 profit rises 280%; shares fall

Canara Bank's Q3 profit rises 280%; shares fall

Fri, Jan 20, 2017

Canara Bank on Friday reported 279% rise in its net profit for third quarter ended December 31, 2016. The bank said that net profit for the given quarter stood at Rs 321.88 crore, a rise of 279.26% from Rs 84.87 crore for the corresponding period of the previous year.

Blockchain technology to move beyond bitcoins and cryptocurrencies

Blockchain technology to move beyond bitcoins and cryptocurrencies

Thu, Jan 19, 2017

Blockchain technology came about initially as a way to verify bitcoin transactions online and to enable two parties to transact business without having to know or trust each other.

Banks will now tell Income Tax Department if you deposit more than Rs 10 lakh in a year

Banks will now tell Income Tax Department if you deposit more than Rs 10 lakh in a year

Thu, Jan 19, 2017

The tax department has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills.

Profits improve as India Inc focuses on repaying loans

Profits improve as India Inc focuses on repaying loans

Thu, Jan 19, 2017

The banking sector and India Inc has been a story of over-leveraging for quite some time now. With non-performing assets (NPAs) and bad loans rising, deleveraging has been one of the major themes for corporate India in 2016. Also, the strategy seems to be paying off.

ICRA expects borrowers to switch from base rate to MCLR

ICRA expects borrowers to switch from base rate to MCLR

Tue, Jan 17, 2017

In view of the increased differential of 100 basis points (bps) between base rate and the Marginal Cost of Funds based Lending Rate, the credit rating agency said, it "expects a number of borrowers to switch from base rate to MCLR".

SEBI advisory board bats for greater corporate governance

SEBI advisory board bats for greater corporate governance

Sun, Jan 15, 2017

The International Advisory Board of the Securities and Exchange Board of India (SEBI) advocated greater corporate governance in Indian firms to protect the interests of all stakeholders, the watchdog said on Saturday.

DCB Bank's Q3 net profit rises by 25%; Gross NPA contracts by 43 bps

DCB Bank's Q3 net profit rises by 25%; Gross NPA contracts by 43 bps

Sat, Jan 14, 2017

Murali M. Natrajan, Managing Director and CEO of DCB Bank said, "The bank admirably rose to the occassion and tirelessly served each and every customers. Also in an otherwise hectic quarter, we kept moving towards executing our branch expansion strategy announced in October, 2015 and added 20 new branches."

Axis bank cuts lending rates by upto 0.70%

Axis bank cuts lending rates by upto 0.70%

Sat, Jan 14, 2017

For loans of overnight tenure and one month, the new MCLR will be 7.90 per cent, and three-month tenure will attract a revised rate of 8.05 per cent, while those for six months, one year will be 8.15 percent and 8.25 per cent respectively.

Payments Bank launched; Airtel invests Rs 3000 crore

Payments Bank launched; Airtel invests Rs 3000 crore

Thu, Jan 12, 2017

Sunil Bharti Mittal, Chairman, Bharti Enterprises said, “Just like mobile telephony leapfrogged traditional telecom networks to take affordable telecom services deep into the country, Airtel Payments Bank aims to take digital banking services to the un-banked over their mobile phones in a quick and efficient manner.”

Shut down SBI branches till cash flow improves, says trade union

Shut down SBI branches till cash flow improves, says trade union

Thu, Jan 12, 2017

"We have suggested to the SBI management to down the branch shutters till the supply of cash gets normalised. It is better to close down the branches for some time than the staff face the ire of the public for no fault of theirs," D. Thomas Franco Rajendra Dev, Senior Vice President of the All India Bank Officers Confederation (AIBOC), told IANS.

Merchants on e-commerce sites in need of Rs 1,500 crore credit: RedSeer

Merchants on e-commerce sites in need of Rs 1,500 crore credit: RedSeer

Thu, Jan 12, 2017

Only one out of 20 e-sellers on e-retailing sites achieve GMV sales of Rs 2.5 lakh every month.

South Indian Bank Q3 net profit rises 10%, provisions up 94%

South Indian Bank Q3 net profit rises 10%, provisions up 94%

Wed, Jan 11, 2017

Many analysts have expected that NII of most banks would be under pressure led by decline in credit-to-deposits. The pressure under NII was recorded in South Indian Bank this Q3. It stood at Rs 417.52 crore, which was up by 2.65% yoy but down by 6.21% qoq.

Demonetisation: Short term pain may outweigh Indian economy's long term gains

Demonetisation: Short term pain may outweigh Indian economy's long term gains

Wed, Jan 11, 2017

Dan Martin, Senior Analysts of Fitch Ratings said, “The impact on the economy will increase the longer the disruption continues, but Fitch has already revised India's GDP growth forecast for FY17 to 6.9% from 7.4%.”

UCO Bank cuts lending rate by up to 0.8%

UCO Bank cuts lending rate by up to 0.8%

Tue, Jan 10, 2017

Public sector lender UCO Bank today slashed its benchmark lending rate by up to 0.8 % in line with market competition. The bank has reduced marginal cost of funds based lending rate (MCLR) by 0.7 % to 8.60 % for 1 year tenor, UCO Bank said in a filing to stock exchanges.

Q3FY17: IndusInd Bank beats estimate, reports 29% rise in net profit

Q3FY17: IndusInd Bank beats estimate, reports 29% rise in net profit

Tue, Jan 10, 2017

While provisions and contingencies was at Rs 216.85 crore, increasing by 22.45% yoy and 1.38%. On the other hand gross non-performing assets (GNPA) stood at 0.94%, expanding by 10 basis points yoy and 4 basis points qoq.

PSBs need equity worth Rs 1.7 lakh crore by March 2019

PSBs need equity worth Rs 1.7 lakh crore by March 2019

Tue, Jan 10, 2017

The public sector banks (PSBs) will by March 2019 need equity worth Rs 1.7 lakh crore, which can turn out to be higher on an increased credit growth, a recent Assocham-Crisil joint study has revealed.

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