BoB reports Q1 net loss at Rs 864 crore on higher provisioning
Bank of Baroda on Monday reported a net loss of Rs 864 during the April to June quarter on higher provisioning as compared to a net profit of Rs 710 crore in Q1 FY20....
ICICI Bank launches QIP with floor price of Rs 351.36/share
ICICI Bank on Monday launched its qualified institutional placement (QIP) with a floor price of Rs 351.36 per equity share.
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Union Bank of India cuts MCLR by up to 15 bps across tenors
The Union Bank of India on Monday announced a reduction in the marginal cost of funds-based lending rate (MCLR) by up to 15 basis points across tenors.
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IndusInd bank picks stake in Eveready, McLeod Russel
IndusInd bank has acquired more than 7 per cent stake in both Eveready Industries India and McLeod Russel India by invoking pledged shares.
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HDFC Bank cuts MCLR by 10 bps across tenors
HDFC Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all tenors with effect from Friday.
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IDBI Bank to sell 27% stake in IDBI Federal Life Insurance
IDBI Bank on Thursday said that it has entered into a share purchase agreement to sell up to 27 per cent stake in its joint venture insurance arm, IDBI Federal Life Insurance Comp...
IDBI Bank offloads 27 pc stake in IFLI for Rs 595 cr
IDBI Bank said on Thursday it has signed a share purchase agreement with Federal Bank and its Dutch partner Ageas Insurance International NV to offload 27 per cent stake in IDBI F...
Sashidhar Jagdishan to replace Aditya Puri as HDFC Bank MD
Sashidhar Jagdishan will be the next MD and CEO of HDFC Bank with effect from October 27. He is currently the Group Head of Finance, Human Resources, Legal and amp; Secretarial, ...
ICICI Bank cuts lending rates by 10 bps across tenors
ICICI Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across tenors with effect from August 1.
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Bank of India clocks Q1 net profit of Rs 844 cr on lower provisions
Government-owned Bank of India on Monday reported a net profit of Rs 844 crore in the April to June quarter, up 247 per cent from Rs 243 crore in a year-ago period....
Indian banks to require more capital as safeguard against stress: Fitch
Indian state-owned banks' plans to raise capital from private sources will not be sufficient to mitigate anticipated risks unless supplemented with additional capital support from...
Bank of India board mulls raising funds on August 3
Bank of India on Wednesday said that its Board of Directors will consider raising funds through several options including further issue of equity shares and bonds at its meeting o...
6,000 officers transferred by PNB, many want to surrender promotion during COVID-19 crisis
Punjab National Bank (PNB), the second-largest public sector bank in the country, has transferred nearly 6,000 officers and some of them have been transferred more than 2,000 kilo...
IDBI Bank's Q1FY21 net profit at Rs 144 cr
Lender IDBI Bank on Tuesday reported its standalone net profit for the first quarter of 2020-21 at Rs 144 crore.
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Yes Bank Q1 profit plunges 60 pc to Rs 45 crore, total provisions pegged at Rs 1,087 crore
Yes Bank on Tuesday reported 60 per cent dip in its net profit at Rs 45 crore for the quarter ended June 30 as compared to Rs 114 crore in the corresponding quarter of last year....
Yes Bank shares plunge below FPO price
The slump in Yes Bank's shares continued on Tuesday with its stock price falling below the further public offering (FPO) price of Rs 12.
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'State-run banks to require more capital as safeguard against stress'
India's state-owned banks' plans to raise capital from private sources will not be sufficient to mitigate the anticipated risks unless supplemented with additional capital support...
IndusInd Bank to mull raising funds via equities on July 28
The Board of IndusInd Bank will on Tuesday, July 28, consider raising funds through equity shares on a preferential basis.
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ICICI Bank Q1 net profit up 36 pc to Rs 2,599 crore
India's largest private sector lender ICICI Bank on Saturday reported 36 per cent rise in its net profit at Rs 2,599 crore for the April to June quarter compared with Rs 1,908 cro...
ICICI Bank's Q1FY21 net profit rises 36% to Rs 2,599 cr
Private sector lending major ICICI Bank on Saturday reported a 36 per cent growth in standalone net profit of Rs 2,599 crore for the first quarter of 2020-21.
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Banks's GNPA ratio may surge to 14.7% in FY21: RBI report
The Covid-19 pandemic is likely to worsen India's bad loan scenario, as the latest Financial Stability Report of the Reserve Bank of India (RBI) predicts that gross non-performing...
RBI's balance sheet swells to Rs 54 lakh crore since mid-Feb: Motilal Oswal
The Reserve Bank of India's (RBI's) balance sheet has increased by about Rs 9.5 lakh crore since mid-February when the first-long term repo operation (LTRO) was conducted to Rs 54...
Route One Investment gets RBI nod to raise stake in IndusInd Bank
IndusInd Bank on Friday said that the US-based hedge fund Route One Investment Company has received Reserve Bank of India's (RBI) approval to raise its stake to 10 per cent from i...
15% wage hike for bank employees agreed between IBA, Unions
The Indian Banks' Association (IBA) and the United Forum of Bank Unions (UFBU) on Wednesday inked an agreement for 15 per cent wage hike for bank employees, said a leader of major...
Banking sector woes impacting growth: CEA
India's banking sector woes have impacted investments and growth, Chief Economic Adviser (CEA) Krishnamurthy V Subramanian said on Wednesday.
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Banks have disbursed Rs 77,613.06 cr out of Rs 1,27,582.60 cr sanctioned under 100 pc ECLGS
Banks have disbursed Rs 77,613.06 crore as of July 20 out of Rs 1,27,582.60 crore sanctioned under the 100 per cent Emergency Credit Line Guarantee Scheme (ECLGS), the office of F...
Axis Bank's Q1 net profit down 19% on accounting policy changes
Axis Bank on Tuesday reported a decline of 19 per cent in its net profit for the first quarter (Q1) of 2020-21 due to accounting policy changes and creation of NII reserves.
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SBI Cards profit grows 14 pc to Rs 393 crore in Q1
SBI Cards and Payment Services Ltd on Monday reported a profit after tax of Rs 393 crore in the April to June quarter, up 14 per cent from Rs 346 crore in the corresponding period...
HDFC Bank gets shareholders' nod to raise up to Rs 50,000 cr
HDFC Bank has received shareholders' approval to raise up to Rs 50,000 crore through bonds.
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Canara Bank to seek shareholders' nod for raising Rs 5,000 cr
Canara Bank will seek its shareholders' approval, in its upcoming Annual General Meeting on August 10, to raise Rs 5,000 crore through various modes including rights issue, qualif...
HDFC Bank net profit jumps 20 per cent at Rs 6,659 crore in quarter ended June
Private sector lender HDFC Bank on Saturday reported a net profit of Rs 6,659 crore in the quarter ended June 30, marking a jump of 19.6 per cent over Rs 5,568 crore in the same p...
HDFC Bank's Q1FY21 net profit up 20% to Rs 6,658 cr
Lending major HDFC Bank on Saturday reported a 19.6 per cent increase in standalone net profit for the quarter ended June 30 of FY21 on the year-on-year basis.
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2,426 PSB borrowers willfully defaulted Rs 1.47 trillion: AIBEA
As a part of celebrating the 51th anniversary of bank nationalization, the All India Bank Employees' Association (AIBEA) on Saturday released a list of 2,426 borrowers who have wi...
IndusInd Bank adopts agile technology platform for deeper customer engagement
IndusInd Bank on Thursday announced successful integration with a leading enterprise solution provider which will simplify the process of customer on-boarding, introduce new produ...
AIBEA to name willful defaulters of Rs 1.4 trillion loans
The All India Bank Employees' Association (AIBEA), a major union in the banking sector, will soon be releasing a list of about 2,400 willful bank loan defaulters with a total dues...
Banks in India, ASEAN face increasing headwinds amid COVID-19 pandemic: Moody's
The challenging economic and credit conditions stemming from COVID-19 will weigh on Indian and ASEAN banks' asset quality and profitability, according to Moody's Investors Service...
Yes Bank to trim corporate portfolio, focus on retail loans
Yes Bank will focus more on giving retail loans and to MSMEs and will trim its corporate loan portfolio.
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COVID-19 biggest test of financial system's resilience: RBI Governor Das
The Reserve Bank of India (RBI) has taken several measures to protect the country's financial system and support the economy after COVID-19 crisis, Governor Shaktikanta Das said o...
Banks NPAs set to rise, must raise capital to build resilience: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Saturday that the central bank asked public and private sector banks to chalk out plans and keep adequate capital read...
RBI alleviating liquidity stress to offset COVID-19 impact on economy
The Reserve Bank of India (RBI) has cut the repo rate by 250 basis points since February 2019 to alleviate liquidity stress and provide financial stability in the economy, said Go...
RBI Guv to deliver keynote address at 7th SBI Banking and Economic Conclave
Reserve Bank of India (RBI) Governor Shaktikanta Das will deliver the keynote address at the 7th SBI Banking and Economic Conclave tomorrow, July 11....
Karnataka Bank posts all-time high profit of Rs 196 crore in Q1
Karnataka Bank on Friday reported an all-time high quarterly net profit of Rs 196 crore during Q1 of FY 2020-21 as against the previous high of Rs 175 crore during Q1 of previous ...
Canara Bank to raise up to Rs 8,000 cr via equities, bonds
Canara Bank on Friday said that its Board of Directors has approved raising of up to Rs 5,000 crore of equity share capital and up to Rs 3,000 crore through bonds during the finan...
Yes Bank approves price band for Rs 15,000 crore FPO
The capital raising committee of the board of directors at Yes Bank on Friday approved the floor price at Rs 12 per equity share and cap price at Rs 13 per equity share regarding ...
Union Bank of India cuts MCLR by 20bps across tenors
Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by 20 points across all tenors.
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