Modi to meet chief executives of PSBs soon

K. R. Srivats

The Prime Minister Narendra Modi will soon hold a meeting with Chief Executives of Public sector... »

AIBEA urges PM to fill up top posts in banks

K R Srivats

Bank employees have urged the Prime Minister, Narendra Modi, to take "expeditious" ste... »

Forex reserves up $945.6 m

Our Bureau

BankingForex reserves up $945.6 mIndia’s foreign exchange (forex) reserv... »

Ind-Ra upgrades UCO Bank’s bond ratings

Our Bureau

India Ratings & Research (Ind-Ra), a FITCH company, has upgraded Kolkata-based UCO Bank’s &n... »

House panel may submit report on insurance Bill before winter session

Our Bureau

The Select Committee of Rajya Sabha on the Insurance Laws (Amendment) Bill, 2008 is likel... »

ICICI Lombard to seek minimal documents from cyclone-affected AP customers

G Naga Sridhar

To provide speedy relief to those affected by cyclone Hudhud in Andhra Pradesh, ICICI Lombard is processing claims with minimum documentation.    The documents required... »

Hannover Re to consider extra dividends, share buybacks


German reinsurer Hannover Re would consider extra dividends and buying back its own shares to reduce excess capital in the company in the future, its chief executive said on Thursday.“It loo... »

SBI unveils `mPassBook’ facility on smartphone


State Bank of India (SBI) launched a facility called ‘mPassBook’ today, on its ‘State Bank Anywhere’ mobile application, for its retail banking users.Launching the facility, SBI Chairman Aru... »

HDFC net rises 8.8% at Rs 2,064 cr in Q2


Housing mortgage lender HDFC Ltd has reported 8.8 per cent rise in consolidated net profit at Rs 2,064.36 crore for the second quarter ended September 30, 2014—15.The company had posted net... »

Finance companies, banks cash in on the festive spirit


It is Diwali time again and banks and non-banking finance companies are trying to woo customers with attractive offers such as cash-back, zero per cent interest, ultra-quick loan approv... »

Q2 Comment

Bad loans continue to drag PNB's profitability

Radhika Merwin, BL Research Bureau

The worsening asset quality, high levels of restructured loans and elevated provisioning costs — aspects that have troubled Punjab National Bank in the last one year — continue to remain co... »

Bajaj Allianz General Insurance net up 28% in September quarter

Our Bureau

Bajaj Allianz General Insurance reported a 28 per cent rise in net profit to Rs 145 crore for the quarter ended 30th September, despite settling claims over Rs 130 crore in Jammu and Kashmir. ... »

HDFC Bank Q2 net profit rises 20% to ₹2,381.5 cr

Beena Parmar

HDFC Bank, country’s second largest private sector lender, reported a 20 per cent rise in net profit in the second quarter ending September, 2014 at ₹2,381.5 crore. This is the f... »

PNB registers 13.81% growth in net profit for Q2

Our Bureau/PTI

Punjab National Bank has reported a 14 per cent increase in its net profit for the three-month period ended September 30. Analysts termed the results as below expectations. The ma... »

Mop-ups via ECBs and FCCBs lag

Our Bureau

India Inc raised about $970 million less via external commercial borrowings (ECBs) /foreign currency convertible bonds (FCCBs) during the first six months of the current financial year as compared... »

Corporation Bank launches e-Mandate service

Claims from J&K floods, cyclone Hudhud to dent insurers’ profits

AP to pay first tranche of farm loan reschedule amount

SKS Microfinance Q2 net profit more than doubles at Rs 57 cr

NHB's decision positive for home finance sector: DHFL President

KVB's multicurrency travel card

Hudhud cylone: ICICI Lombard to speed up claim settlements in AP

KVB launches multi-currency travel card

South Indian Bank nets ₹76 cr

Our Bureau

The Thrissur-based South Indian Bank made a net profit of ₹76.30 crore in the second quarter of the 2014-15 financial year, down from the first quarter profits. The net profit for Q1 fell because... »

SBH rolls out loan campaign for micro, small entrepreneurs

G Naga Sridhar

State Bank of Hyderabad (SBH) has rolled out a campaign, 'Shubh Labh', for the benefit of micro and small entrepreneurs. As per the campaign, concessions in rate of interest and processi... »

Kotak Bank standalone net up 26% at Rs 445 cr in Q2


Private sector Kotak Mahindra Bank today reported a 23 per cent jump in consolidated net profit in the September quarter at Rs 718 crore, driven by a healthy rise in non-interest income.The... »

HSBC names Andy Maguire as Group COO


HSBC Holdings Plc has appointed Andy Maguire as group chief operating officer and group general manager, effective December 1.Andy is joining from Boston Consulting Group, where he is managi... »
Q2 Comment

HDFC Bank: Scores well on all counts

Radhika Merwin, BL Research Bureau

HDFC Bank delivered a 20 per cent growth in net profit in the September 2014 quarter over the year-ago period. This strong show came on the back of a 21.8 per cent growth in its loan book a... »

Loans showing incipient stress: Banks given more time for corrective action

Our Bureau

The Reserve Bank of India (RBI) has increased the time limit for banks to come up with a corrective action plan (CAP) by the Joint Lenders Forum (JLF) from 30 days to 45 days in case of loans showi... »

Aditya Birla Financial Services, MMI Holdings to foray into health insurance

Deepa Nair

Aditya Birla Financial Services Group has signed a memorandum of understanding (MoU) with the South Africa-based MMI Holdings Ltd to enter the health insurance market of India. Aditya Bir... »

Shriram Transport Finance Q2 net down 8%

Satyanarayan Iyer

Shriram Transport Finance Company (STFC) has reported a 8 per cent drop in its second quarter net profit due to higher provisions for bad debts and lower income from securitisation. In th... »

Kotak Mahindra Bank reduces interest rate on savings deposits

Beena Parmar

Probably taking a cue from IndusInd Bank, Kotak Mahindra Bank has reduced its interest rate on savings deposits below ₹1 lakh by 0.5 percentage points to 5 per cent. “With effect from Nov... »

Banks urged to focus on capital savings

KR Srivats

As the owner and the single largest shareholder of public sector banks (PSBs), the Government is now flexing its muscles to ensure that PSBs optimally use their capital. Setting the tone... »

Oil subsidy will come down by ₹15,000 cr: India Ratings

FSDC favours laws to deal with unauthorised deposit collection

Yes Bank raises Rs 2,500 cr dual currency loan facility

SBI branches in cyclone-hit AP districts back to normal

Lakshmi Vilas Bank reports over 5-fold jump in Q2 profit

No plan to convert PSBs into public limited companies: Sandhu

PSBs: Ministry suggests five areas for capital savings

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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