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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 pr... »

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 p... »

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 correcti... »

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 s... »

Finance companies, banks cash in on the festive spirit

SATYANARAYAN IYER, BEENA PARMAR

It is Diwali time again and banks and non-banking finance companies are trying to woo... »

Banking

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... »

Banking

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... »

Banking

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 th... »
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... »

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. ... »

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... »

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

Our Bureau

A cut in policy rates could happen sooner than hitherto believed as the cut in diesel prices will go a long way in fighting inflation, which is trending downwards, according India Ratings (Ind-Ra)... »

FSDC favours laws to deal with unauthorised deposit collection

Our Bureau

Encouraging state governments to enact laws to deal with unauthorised deposit taking activities and skewed incentive structures that exist within similar insurance, mutual funds and pensio... »

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

 Our Bureau

Private sector lender Yes Bank raised equivalent of $422 million ($288 million and €103.5 million) (about Rs 2569 crore) by way of dual currency multi-tenor syndicated loan facility. The... »

SBI branches in cyclone-hit AP districts back to normal

Our Bureau

State Bank of India on Monday said it has restored normal operations at almost all the 225 branches affected by the cyclone Hudhud in Andhra Pradesh. Out of 225 branches, 209 are operati... »

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

Rakesh Sharma, Managing Director and CEO, Lakshmi Vilas Bank.

Our Bureau

There are clear signs of growth in credit offtake in the second half of the current financial year, said Rakesh Sharma, Managing Director and CEO of Lakshmi Vilas Bank. “We staged a good... »

No plan to convert PSBs into public limited companies: Sandhu

GS Sandhu, Financial Services Secretary

KR Srivats

The Centre is not looking to bring public sector banks within the ambit of the new company law for now, a top Finance Ministry official has said. There is no immediate plan to repeal the... »

PSBs: Ministry suggests five areas for capital savings

LIC Housing Finance Q2 net up 10%

Diwali gift from NHB for home loan borrowers

Corporation Bank launches ‘e-Mandate’ service

Axis Bank Q2 net profit up 18%

Lakshmi Vilas Bank Q2 net profit up at Rs 31.5 cr

Goldman curbs bankers' compensation even as revenue surges

IRDA forms working group on Companies Act

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... »

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... »

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

Our Bureau

To provide a robust platform for large volume of repetitive payments, Corporation Bank has launched the e-Mandate (digital mandate) service. A release by the bank said on Friday that the... »

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

Deepa Nair

The two recent disasters — Jammu and Kashmir floods and cyclone Hudhud — are likely to dent the profitability of general insurance companies in financial year 2015 due to massive destruction of pr... »

AP to pay first tranche of farm loan reschedule amount

Our Bureau

The Andhra Pradesh Government has made arrangement for the payment of first tranche of loan reschedule to the farm sector in the State with the commissioning of the Farmers' Empowerment Corporatio... »

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

G Naga Sridhar

SKS Microfinance Ltd’s standalone net profit more than doubled at Rs 57 crore in the second quarter ended September 30, 2014 compared to Rs 16.34 crore in the corresponding quarter of previous fin... »

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

Deo Shankar Tripathi, President & COO, Dewan Housing Finance Corporation Ltd.

R Yegya Narayanan

The decision of National Housing Bank (NHB) to permit home loan borrowers to bring in just 10 per cent as upfront payment for availing loan above ₹20 lakh is expected to give a boost to big ticket... »

KVB's multicurrency travel card

Our Bureau

Karur Vysya Bank has launched a prepaid reloadable multicurrency travel card. The card, bank sources say offers the benefit of loading 3 currencies such as US$, Euro and Singapore... »

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

Cyclone Hudhud has blown away the solar power panels in Visakhapatnam. CV SUBRAHMANYAM

G Naga Sridhar

ICICI Lombard General Insurance has provided a dedicated hotline number, 1800 2666, to initiate claims and handle any queries to support its customers affected by the recent Hudhud cyclone in Andh... »

KVB launches multi-currency travel card

Karur Vysya Bank gets IDRBT award

Canara Bank to raise Rs 85 cr via share sale

S&P keeps its rating on IDBI Bank intact

'FDI hike in insurance to bring $5 bn over next five years'

Jan Dhan accounts cross 6 crore mark

Andhra Bank opens account for AP cyclone relief donations

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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