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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)

Business

AU Small Finance Bank reports 89 per cent jump in Q2 net profit

The bank's 79 per cent of the loan book is retail with around 95 per cent are secured.

22 Oct 2019 9:38 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

India

Suspended PMC bank chief hid information from RBI to save itself from...

As loans outstanding were huge and if these were classified as NPA it would have affected the profitability,' the letter...

1 Oct 2019 5:49 PM IST

Business

Not through bonds, only cash, says Rangarajan on banks...

The centre has infused Rs 2 lakh crore as capital into various banks during the past three years.

29 Nov 2019 3:27 PM IST

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

Business

Yes Bank posts lower net profit for FY19 due to NPA divergence

The private sector lender had reported a net profit of Rs 1,720.28 crore in 2018-19.

20 Nov 2019 10:59 AM IST

NABARD chairman Harsh Kumar Bhanwala said that cooperative and regional rural banks have also been asked to submitted information about deposits on every 15 days. (Photo: ANI)

Business

NABARD seeks credit disbursal from banks on monthly basis

Speaking on the bank's Non-Performing Assets, the NABARD chief said that the bank's NPA has reduced last year.

13 Nov 2019 12:59 PM IST

Firms incorporated by Chief Financial Officer Chander Wadhwa acted as conduit to divert homebuyers money from Amrapali Group, says Supreme Court. (Photo: Amrapali.in)

Business

Rs 25,000-cr fund not for projects with cases pending in higher...

Homebuyers can approach banks for loan revival, advised the Governmant.

7 Nov 2019 5:52 PM IST

DHFL is currently classified as stressed account but will slip into becoming a Non-Performing Assets (NPA) by December 31 unless a resolution is found.

Business

Govt not planning to help banks rescue shadow lender DHFL: sources

DHFL's creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors.

7 Nov 2019 1:30 PM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

Business

Yes Bank posts net loss of Rs 629 cr in Sept quarter as bad loans...

The private sector lender had posted a net profit of Rs 951.47 crore in the corresponding period of the previous fiscal.

1 Nov 2019 6:42 PM IST

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

Diluting govt stake below 50 per cent in PSBs no solution: Unions

Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.

1 Nov 2019 2:26 PM IST

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)

Business

Bank of India post Rs 266 crore profit in Q2

The bank had posted a loss of Rs 1,156.25 crore in the July-September quarter last fiscal.

1 Nov 2019 1:48 PM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

Business

RBI sees corporate governance 'fault lines' at some lenders

Indian banks have shifted towards the retail market in recent years in response to a rise in soured corporate loans.

25 Dec 2019 10:49 AM IST

Business

'Kotak Mahindra Bank best suited to acquire Yes Bank'

I think Uday (Kotak) is the best candidate to acquire Yes bank. You need deep pockets, Uday has that, said SBI's Rajnish...

17 Dec 2019 1:51 PM IST