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RBI may impose penalty on Yes Bank for info disclosure leading to stock soaring

New Delhi, Feb 17 : The Reserve Bank of India (RBI) may impose monetary penalty on Yes Bank for breaching the confidentiality norms of its communications exchange with the private bank which the central bank is said to be treating as a market-related information slip aimed at boosting the stock. Full Story

Yes Bank soars 30pc after RBI report

Mumbai, Feb 14 : The Yes Bank stock rose sharply 30.73 per cent to close at Rs 221 apiece on Thursday, a day after the Reserve Bank of India (RBI) found no inconsistency, or "divergence", in the bank's disclosures on its non-performing assets (NPAs). Full Story

SUUTI to sell up to 3pc stake in Axis Bank

Mumbai, Feb 11 : The Specified Undertaking of Unit Trust of India (SUUTI) has offered to sell up to 1.98 per cent stake in Axis Bank starting at a floor price of Rs 689.52 per share, with plans to additionally sell 1.02 per cent equity shares. Full Story

Exim Bank to raise USD 2 bn from bond issue

Chennai, Feb 11 : The Export Import Bank of India (Exim Bank) would raise about USD 2 billion through a bond issue for business purposes, and its net non-performing assets (NPA) is only about 3.79 per cent, said the company on Monday. Full Story

UCO Bank narrows net loss to Rs 998.74 crore in Q3

Kolkata, Feb 8 : State-run lender UCO Bank on Friday said it narrowed net loss to Rs 998.74 crore for the quarter ended December 31, 2018 as against a net loss of Rs 1016.43 crore for the same period a year ago. Full Story

RBI penalises Allahabad Bank, Corporation Bank

Mumbai, Feb 8 : The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders Allahabad Bank and Corporation Bank over deficiencies in complying with various regulatory norms. Full Story

SBI reduces rates on all home loans up to Rs 30 lakh

Mumbai, Feb 8 : A day after the Reserve Bank of India (RBI) reduced a key lending rate, the State Bank of India (SBI) decided to cut interest rates on all home loans up to Rs 30 lakh. Full Story

RBI cuts lending rates by 25 basis points; GDP growth projected at 7.4 pc for FY 2019-20

Mumbai, Feb 7 : Home loans are expected to get cheaper as the RBI on Thursday reduced lending rates by 25 basis points to 6.25 per cent, for the first time in 17 months, shifting its stance from 'calibrated tightening' to 'neutral.' Full Story

RBI cuts repo rate by 25 basis points, shifts stance to 'neutral'

Mumbai, Feb 7 : The Reserve Bank of India (RBI) lowered interest rates on Thursday and shifted its stance from 'calibrated tightening' to 'neutral' after factoring a sharp fall in inflation rate. Full Story

Allahabad Bank narrows losses to Rs 732.81 crore in Q3

Kolkata, Feb 6 : State-run Allahabad Bank on Wednesday announced a net loss of Rs 732.81 crore for the quarter ended December 31, 2018, narrowing the net loss of Rs 1,263.79 crore reported for year ago period. Full Story

Allahabad Bank narrows losses to Rs 732.81 cr in Q3

PNB posts Rs 246 crore profit in Q3 FY19

New Delhi, Feb 5 : Less than a year after being hit by a Rs 14,356 crore Nirav Modi scam, the Punjab National Bank (PNB) on Tuesday announced a net profit of Rs 246 crore for three months ending December 2018 as compared to Rs 230 crore in the same period of the previous year. Full Story

PNB posts Rs 246 crore profit in Q3 FY19

New Delhi, Feb 5 : Punjab National Bank (PNB) on Tuesday announced a net profit of Rs 246 crore for three months ending December 2018, compared to Rs 230 crore in the same period of the previous year. Full Story

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

Mumbai, Feb 6 : The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders -- UCO Bank, Axis Bank and Syndicate Bank -- over deficiencies in complying with different regulatory norms. Full Story

IDBI Bank proposes to change name

Mumbai, Feb 5 : IDBI Bank has said that its Board has approved a proposal to change the name of the lender to either LIC IDBI Bank or LIC Bank, subject to regulatory and shareholders' approval. Full Story

IDBI Bank's Q3 net loss widens to Rs 4,185 cr

Mumbai, Feb 4 : State-owned lender IDBI Bank's net loss widened during the quarter ended December 31, 2018 due to higher provisioning for non-performing assets (NPAs). Full Story

RBI unlikely to cut interest rates: SBI chief

Bengaluru, Feb 4 : State Bank of India (SBI) Chairman Rajnish Kumar on Monday said he does not expect the Reserve Bank of India (RBI) to cut the interest rates at its bimonthly Monetary Policy Committee meeting in Mumbai beginning from Tuesday. Full Story

RBI Monetary Policy Committee to meet on February 7

Mumbai, Feb 4 : The first meeting of Reserve Bank of India's Monetary Policy Committee will be held from February 5 to 7, it was announced on Monday. Full Story

RBI monetary policy meeting on February 7

Mumbai, Feb 4 : The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will be held from February 5 to 7, the central bank said in a statement on Monday. Full Story

SBI rebuts reports of data leak

Mumbai, Feb 2 : Lending major State Bank of India (SBI) has rebutted reports that data of its customers got leaked. Full Story

SBI Q3 net profit at Rs 3,955 crore

Mumbai, Feb 1 : Lending lender State Bank of India (SBI) on Friday reported a net profit of Rs 3,955 crore year-on-year for the third quarter of 2018-19. Full Story

3 banks taken out of RBI's PCA framework of lending curbs for high bad loans

Mumbai, Jan 31 : In a major decision on the eve of the Union interim Budget presentation, three state-run banks were on Monday removed from the list of lenders who are mandatorily implementing the Reserve Bank of India's (RBI) Prompt Corrective Action (PCA) framework for banks struggling with huge accumulated non-performing assets (NPAs or bad loans). Full Story

HDFC Q3 standalone net profit at Rs 2,114 cr

Mumbai, Jan 29 : Housing finance major HDFC on Tuesday reported a standalone net profit of Rs 2,114 crore during the third quarter of 2018-19. Full Story

Bank of Baroda's Q3 standalone net profit up over 320pc

Mumbai, Jan 29 : State-run lender Bank of Baroda on Tuesday reported a robust rise of 320.54 per cent in its standalone net profit for the third quarter of 2018-19. Full Story

Axis Bank's Q3 net profit rises 131pc

Mumbai, Jan 29 : Lending major Axis Bank on Tuesday reported an exponential growth of 131 per cent in its year-on-year net profit for the third quarter of 2018-19. Full Story

Bank of India's Q3 net loss widens to Rs 4,738 cr

Mumbai, Jan 28 : State-owned lender Bank of India's net loss widened during the quarter ended December 31, 2018 due to higher provisioning for non-performing assets (NPAs). Full Story

Canara Bank net profit rises 152pc in Q3

Bengaluru, Jan 28 : State-run Canara Bank on Monday reported Rs 318 crore net profit for the third quarter of fiscal 2018-19, registering a whopping 152 per cent annual growth from Rs 126 crore in the same period a year ago. Full Story

Canara Bank reports 152pc jump Q3 profit

Mumbai, Jan 28: Public sector Canara Bank on Monday reported net profit of Rs 318 crore for the Q3 financial year 2018-19, up 152 per cent from Rs 126 crore in the year-on period. Full Story

Canara Bank net profit rises 152pc in Q3

Indian Bank Q3 profit down by 50pc to Rs 152 crore

Chennai, Jan 25 : Public sector lender Indian Bank on Friday announced about a 50 per cent fall in its standalone net profit for the third quarter ended on December 31 in the back drop of an increased provision for bad loans, said a top bank official. Full Story