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Some concession: The reduction in number of free ATMs does not apply to small, no-frills account holders.
Some concession: The reduction in number of free ATMs does not apply to small, no-frills account holders.

New ATM usage regime kicks in today

Our Bureau

Banks could face issues when they usher in, with effect from November 1, the new restricted f... »

Now, UCO Bank tags Kingfisher Airlines a ‘wilful defaulter’

Our Bureau

Kolkata-based UCO Bank has sent a notice to Vijay Mallya-owned Kingfisher Airlines (KFA), “i... »

Sundaram Finance profit rises 6% in Q2

Our Bureau

Sundaram Finance has reported a net profit of ₹130 crore in the second quarter ended Septe... »

Union Bank Q2 net up 78% at Rs 371 cr

Arun Tiwari, CMD, Union Bank of India

Our Bureau

Union Bank of India reported a 78 per cent jump in net profit during the July to September perio... »

IDBI Bank net drops 38% in second quarter

Our Bureau

Weighed down by higher provisions for bad loans, IDBI Bank reported a 38 per cent drop in net... »

Banking

Karnataka Bank net profit jumps to Rs 88.46 cr

Our Bureau

Lesser provisioning and tax benefits helped Karnataka Bank record a 205.56 per cent growth in ne... »

Banking

State Banks' staff union meet in Mangalore on Nov 1 & 2

A J Vinayak

The 12th triennial general council meeting of State Banks’ Staff Union (Karnataka) will be condu... »

Banking

Vijaya Bank celebrates 84th Foundation Day

Our Bureau

Vijaya Bank, the Bangalore-headquartered public sector bank celebrated its 84th foundation day&n... »

Shriram City Union Q2 net up at Rs 138 cr

PTI

Shriram City Union Finance has reported a 8.66 per cent increase in second quarter net profit at Rs 138 crore.The city-based company, which is the retail lending division of the Shriram Gro... »

Vijaya Bank celebrates 84th Foundation Day

Our Bureau

Vijaya Bank, the Bangalore-headquartered public sector bank celebrated its 84th foundation day on Friday. Many cultural and CSR activities were organised by the bank across the country. ... »

Karnataka Bank net profit jumps to Rs 88.46 cr

Our Bureau

Lesser provisioning and tax benefits helped Karnataka Bank record a 205.56 per cent growth in net profit in the second quarter of 2014-15. The bank’s net profit rose to ₹88.46 crore from... »

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... »

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 quarter from year-ago levels. But a reasonably good performance on expenditure control was neutralised by... »

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... »

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... »

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... »

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

Modi to meet bank chiefs on November 5

Private banks woo corporates with lower interest rates

Hamstrung by the limited number of products: LIC chairman

Canara Bank ties up with Origo Commodities for agri loans

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

Oriental Bank Q2 net up 16% at Rs 291 cr

TMB staff demand raising retirement age to 60

Abu Dhabi Commercial Bank to open office in Singapore

Reuters

Abu Dhabi Commercial Bank will open a representative office in Singapore this year as part of its plans to expand in southeast Asia, the bank said on Saturday.The fourth-largest lender in th... »

IDBI Bank net dips to Rs 118 cr on higher employee cost, provisioning

PTI

IDBI Bank today said its net profit fell by 38 per cent to Rs 118.49 crore in the second quarter ended September 30 in the current financial year on higher employee cost and provisioning.Th... »

State Banks' staff union meet in Mangalore on Nov 1 & 2

A J Vinayak

The 12th triennial general council meeting of State Banks’ Staff Union (Karnataka) will be conducted in Mangalore on November 1 and 2. Addressing presspersons in Mangalore on Friday, M C... »

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... »

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 profit at ₹899 crore in the first half of 2014-15 as against ₹644 crore in the year-ago period on ris... »

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... »

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 growth in its net interest income. While the bank’s retail focus continues to pay off, driving the ove... »

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 September 30 on the back of robust growth in loans and interest income. Lower provisions during the quar... »

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... »

Andhra Bank net doubles

Chola MS, Arcadis tie up

NRI deposits fall on US rate hike expectations

SBH net up 91% in second quarter

‘NPAs are a growing challenge to banks’

Moody’s retains negative outlook on banks

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

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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