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Chanda Kochhar, CEO and MD, ICICI Bank
Chanda Kochhar, CEO and MD, ICICI Bank

ICICI Bank Q2 net up 15% on stable interest income, loan growth

PTI

ICICI Bank, the country’s largest private sector lender, posted a 15 per cent growth in net prof... »

ICICI Bank Q2 report card: Higher slippages a concern ​

Radhika Merwin

ICICI Bank’s net profit grew 15 per cent in the September quarter, on the back of 15 per cent gr... »

New India Assurance net rises 40% to ₹899 crore

Our Bureau

Public sector general insurer New India Assurance has posted a 40 per cent increase in net p... »

Robust growth in loans lifts YES Bank net 30% in Q2

Our Bureau

YES Bank posted a 30 per cent jump in net profit at ₹483 crore for the second quarter ended Sept... »

SBT net dips 65% as higher NPA provisioning bites

VINSON KURIAN

State Bank of Travancore reported a 65.34 per cent dip in net profit in the September quart... »

Banking

IOB reports Q2 loss at Rs 245 cr

PTI

Indian Overseas Bank today reported a net loss of Rs 245.51 crore for the second quarter ended S... »

Banking

Modi to meet bank chiefs on November 5

KR Srivats

The Prime Minister Narendra Modi will meet chief executives of public sector banks (PSBs) on Nov... »

Banking

Manappuram Finance net up 73 per cent at ₹76.43 cr in Q2

Our Bureau

Manappuram Finance Ltd has posted a 73.8 per cent increase in its net profit at ₹76.43 crore dur... »

LICI inks MoU with UBI

Our Bureau

The United Bank of India (UBI) has inked a memorandum of understanding with the Life Insurance Corporation of India (LICI) for a banc assurance tie-up. This means that UBI will act as a channel pa... »
Q2 COMMENT

ICICI Bank: Higher slippages a concern

Radhika Merwin, BL Research Bureau

ICICI Bank’s net profit grew 15 per cent in the September quarter, on the back of 15 per cent growth in net interest income. While the bank’s retail focus continues to pay off, driving the over... »

Manappuram Finance net up 73 per cent at ₹76.43 cr in Q2

Our Bureau

Manappuram Finance Ltd has posted a 73.8 per cent increase in its net profit at ₹76.43 crore during the second quarter in the current fiscal compared to ₹43.98 crore in the preceding quarter ended... »

Vijaya Bank raises Rs 500 cr through bonds

Our Bureau

Vijaya Bank has raised Tier II capital of Rs 500 crore through a bond offering to fund its business growth. In a statement, the bank said the capital was raised by issuing Unsecured Redee... »

Axis Bank launches online outward money transfer in 100 currencies

Our Bureau

Axis Bank, India’s third largest private Bank, announced the launch of its seamless online outward remittance facility in over 100 currencies. “Axis Bank customers can now make faster onl... »

Andhra Bank net doubles

CVR Rajendran, CMD, Andhra Bank

Our Bureau

Andhra Bank registered a net profit of ₹144 crore in the second quarter ended September 30, a 103 per cent rise over the ₹70.65 crore recorded in the corresponding quarter last year. ... »

Chola MS, Arcadis tie up

Our Bureau

Arcadis, a global consultancy firm, has signed a strategic alliance with Cholamandalam MS Risk Services, a risk management consulting company. The pact will expand the network of specialis... »

NRI deposits fall on US rate hike expectations

Radhika Merwin, BL Research Bureau

A possible interest rate hike by the US and a stable rupee have resulted in Non-Resident Indians (NRIs) parking lesser amounts in Indian banks as deposits. According to the latest RBI data, N... »

SBH net up 91% in second quarter

Our Bureau

State Bank of Hyderabad reported a 91 per cent increase in net profit at ₹311 crore in the second quarter ended September 30, compared with ₹163 crore in the corresponding year-ago period.»

‘NPAs are a growing challenge to banks’

V. Sajeev Kumar

The size of non performing assets has turned out to be a serious problem for the country’s banking sector, according to V.G. Mathew, Managing Director and CEO, South Indian Bank.Earlier... »

Moody’s retains negative outlook on banks

Claims from flood-hit AP and J&K will not affect bottomline: United India chief

Get account holders under Jan Dhan to use RuPay card, FinMin tells banks

Bank employees to go on strike on Nov 12

StanChart Q3 profit tumbles on S. Korean restructuring, bad loans

Ongoing selection process for public sector bank CMDs, EDs scrapped

IDBI Federal Life to step up focus on group insurance, online products

United India keen on entering Sri Lanka

Tata AIA  appoints new MD & CEO

Our Bureau

Tata AIA Life Insurance on Thursday announced the appointment of Naveen Tahilyani as its Managing Director and Chief Executive Officer. Tahilyani, a graduate from IIT Chennai and an... »

Tata AIA Life appoints Naveen Tahilyani as CEO and MD

Deepa Nair

Tata AIA Life Insurance today announced the appointment of Naveen Tahilyani as its Managing Director (MD) and Chief Executive Officer (CEO). Tahilyani, a graduate from the... »

Tata AIA Life appoints Naveen Tahilyani as CEO and MD

PTI

Tata AIA Life Insurance Company (Tata AIA Life) today announced the appointment of Naveen Tahilyani as its Chief Executive Officer and Managing Director. Tahilyani, a graduate from the In... »

IOB reports Q2 loss at Rs 245 cr

PTI

Indian Overseas Bank today reported a net loss of Rs 245.51 crore for the second quarter ended September 30 due to higher tax expenses and provisions for bad assets. The bank had reported... »

Allahabad Bank net profit halves to Rs 141 cr

Our Bureau

Kolkata-based Allahabad Bank reported a near 49 per cent dip in net profit to Rs 141 crore for the period ending September 30, 2014. Profit for the corresponding period last fiscal stood... »

Modi to meet bank chiefs on November 5

KR Srivats

The Prime Minister Narendra Modi will meet chief executives of public sector banks (PSBs) on November 5. This meeting, which will be held in the Capital, assumes importance as it will be... »

Private banks woo corporates with lower interest rates

Much to lend: If the policy rates are lowered, the base rate may come down in three-six months’ time

Beena Parmar

Amidst low credit demand and corporates stepping up borrowings from the market, banks are tweaking interest rates on loans to India Inc.On a selective basis, depending on the tenure or... »

Hamstrung by the limited number of products: LIC chairman

Our Bureau

Life insurance Corporation, the country’s largest insurer, is facing a challenge due to the limited number of products in its basket after the new regulatory guidelines came into force in Janua... »

Canara Bank ties up with Origo Commodities for agri loans

Our Bureau

Public sector lender Canara Bank entered into a Memorandum of Understanding with Origo Commodities, a post-harvest management services company, to support farmers with warehouse receipt financing ... »

State Bank of Hyderabad Q2 net jumps 91% at Rs 310 cr

PTI

State Bank of Hyderabad has registered a 91 per cent rise in net profit at Rs 310.52 crore during the second quarter ended September 2014-15. It had a net profit of Rs 162.72 crore in the... »

Oriental Bank Q2 net up 16% at Rs 291 cr

TMB staff demand raising retirement age to 60

ING Vysya Bank CEO resigns, Uday Sareen to succeed

Bank of India to open branch in Vietnam

Travel insurance rates may remain stable this year as rupee volatility eases

SBM net zooms on higher income, lower provisions in second quarter

Corp Bank donates ₹2.15 cr to Prime Minister’s relief fund

Audio
Rajalakshmi Nirmal and Radhika Merwin of the BL Research Bureau discuss the role of asset reconstruction companies (ARCs) in the banking sector and how they deal with bad loans.

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