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Private sector lender Axis Bank on Tuesday failed to meet street expectations as it reported higher slippages and had higher write-offs during Q1FY20.

Axis Bank numbers disappoint Street

The bank said it downgraded Rs 2,242 crore into the BB pool during the quarter mostly from stressed groups.

31 July 2019 2:07 AM IST

Finance Minister Nirmala Sitharaman

Bond yields dip on rate cut, foreign bond hopes

Sovereign bond rallied on Monday with the benchmark 10-year security dropping nine basis points to 6.43 per cent.

30 July 2019 1:21 AM IST

State Bank of India

SBI slashes deposit rates by 20-75 bps

For five years to up to 10 years, the new rate is 6.5 per cent.

30 July 2019 1:21 AM IST

Governor Shaktikanta Das

Shaktikanta Das cautions against bilateral hegemony

The currency manipulator tag has gained greater focus in the heat and dust of trade wars.

27 July 2019 7:59 AM IST

The key findings of surveys and recommendations have been submitted to the RBI Committee on Deepening of Digital Payments. (Photo: ANI)

Payments banks fall by the way on tight regulatory requirements

According to Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India, the future is "uncertain" for...

23 July 2019 1:04 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank: Slippages to remain elevated

The private lender had reported a profit of Rs 1,260 crore in the same quarter last year.

18 July 2019 1:32 AM IST

Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent.

Life insurers set to report strong quarter

Policies sold rose 8.4 per cent YoY in June 2019, while the retail APE ticket size fell by 7.7 per cent YoY.

17 July 2019 7:05 AM IST

Liquidity could ease post-the budget announcement of pooled asset purchase of Rs 1 lakh crore by PSU banks, the benefits of which are expected to be visible from H2FY20.

NBFCs: No visible signs of recovery

NBFC margins may be affected by higher share of fixed rate book and higher costs.

12 July 2019 1:52 AM IST

Housing financiers like Indiabulls Housing Finance and Dewan Housing Finance are facing liquidity crunch.

Housing affordability worsened in four years, shows RBI survey

On Thursday, the RBI released the results of the March 2019 round, along with the summary time series data since March...

12 July 2019 1:49 AM IST

Analysts hold a positive view on banks that are getting out of the corporate NPL cycle as compared to banks that focused more on the retail cycle in the past few years.

Banks set to report healthy numbers for Q1

Credit costs are expected to moderate for corporate-heavy banks such as ICICI Bank, Axis Bank and State Bank of India.

11 July 2019 1:55 AM IST

International rating agency Moodys Investors Service on Tuesday warned that weak growth prospects for India will complicate the governments fiscal consolidation efforts, weighing on the sovereigns credit quality.

Fiscal challenges continue: Moody's

The infrastructure sector, property developers, some domestic producers and securitization transactions.

10 July 2019 3:06 AM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Banks make token rate cuts

On Tuesday, State Bank of India announced a cut in its marginal cost of funds-based lending rate (MCLR) by 5 bps across...

10 July 2019 2:48 AM IST