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Retail, wholesale banking lift Canara Bank profits to Rs 322 cr in Q3

Anil Urs

Revenues from retail and wholesale banking operations has boosted Canara Bank’s profits for the thi... »

Bank employees to strike work on Feb 7

KR Srivats

Nearly four lakh bank employees plan to strike work on February 7, demanding solution to demonetisa... »

‘We have tried to reduce our dependence on project advisory, structured finance’

Varsha Purandare, MD & CEO, SBI Capital Markets

NS VAGEESH

Focus will be more on M&A, capital markets, says SBI Caps MD »

Report cash deposits of over ₹10 lakh: taxman to banks

Our Bureau

CBDT comes out with fresh set of reporting norms »

Norms eased for PoS devices import till March 31

PTI

The government has eased norms for import of Point of sale (PoS) terminal devices till March 31 to ... »

Money & Banking

Axis Bank net slumps 73% in Q3

Our Bureau

Bad loan provisioning rises, net interest margin declines »

Money & Banking

Lakshmi Vilas Bank profit jumps 70%

Our Bureau

Driven by lower cost of funds, stable net interest income, and recoveries »

Money & Banking

NPCI asks ICICI Bank to accept UPI transactions made via PhonePe app

K. R. Srivats

The National Payments Corporation of India (NPCI) has advised ICICI Bank to immediately start accep... »

Money & Banking

HDFC cuts lending rate by 0.15% for existing customers

PTI

Mortgage lender HDFC Ltd today slashed the lending rate by 0.15 per cent for its existing customers... »

Money & Banking

Ujjivan Financial’s profit down 11.85%

Our Bureau

Increased provisioning arising out of lower collection post-demonetisation has impacted the profits... »

Money & Banking

YES Bank Q3 comment: Continuing the steady run

Radhika Merwin

Strong loan growth, healthy profitability and stable asset quality, just about sums up the bank’s performance in the latest December quarter »

SBBJ Q3 net profit nosedives 72% to Rs 58 cr

PTI

SBI associate State Bank of Bikaner & Jaipur’s net profit fell sharply by 72 per cent to Rs 57.84 crore in the quarter ended December 31, on mounting bad loans and fall in core income.The bank’s ... »

CPM opposes disinvestment in insurance companies

Our Bureau

The CPI(M) opposes the clearance given by the Centre for disinvestment of shares in the five public sector general insurance companies. The party said in a statement that the decision to disinvest 2... »

YES Bank Q3 comment: Continuing the steady run

Radhika Merwin

Strong loan growth, healthy profitability and stable asset quality, just about sums up the bank’s performance in the latest December quarter »

Lakshmi Vilas Bank profit jumps 70%

Our Bureau

Driven by lower cost of funds, stable net interest income, and recoveries »

NPCI asks ICICI Bank to accept UPI transactions made via PhonePe app

K. R. Srivats

The National Payments Corporation of India (NPCI) has advised ICICI Bank to immediately start accepting UPI transactions made through PhonePe, a Flipkart app. This follows a discussion that NPCI ha... »

Co-op banks’ cash records tampered with post note ban: IT dept to RBI

PTI

The Income Tax Department has written to the RBI informing it about alleged illegal malpractices being deployed by a number of cooperative banks after its probe found “serious” difference in accounts... »

YES Bank net rises 31% in Q3

Rana Kapoor, MD & CEO, YES Bank

Our Bureau

Aided by improved net interest margins, says MD Rana Kapoor »

Federal Bank profit up 26%

Our Bureau

The bank’s NRE and low-cost CASA deposits continued to witness consistent growth »

PNB, India Post Bank team up

Our Bureau

Punjab National Bank and India Post Payments Bank have signed a memorandum of understanding, whereby PNB will provide technology platform for pilot launch of IPPB on receipt of regulatory nod from t... »

Borrowers may switch old loans from base rate to MCLR, says ICRA

Our Bureau

Currently, MCLR is almost 100 bps lower than the base rate »

Demonetisation has helped us shed bulk deposits, says Dena Bank CMD

DRT to pronounce verdict in Vijay Mallya case tomorrow

HSBC to shift staff from Britain to Paris after Brexit

Cash as store of value has trended down over last 50 years: Study

SBI concludes $500-m bond issue

United Bank of India to expand branch network

Road accidents: Govt looking at time limit for filing insurance claims

Outlook for public sector banks challenging: ICRA

Canara Bank Q3 profit up 3-fold at Rs 322 cr

PTI

State-owned Canara Bank today reported nearly 3-fold jump in net profit to Rs 321.8 crore for the third quarter of 2016-17 even though bad loans doubled. The Bangalore-based lender had a net profi... »

SIB appoints additional director

Our Bureau

South Indian Bank has announced the appointment of Achal Kumar Gupta as the new additional director. Gupta has over 40 years of experience in banking and finance, including corporate credit and treas... »

Axis Bank net slumps 73% in Q3

Our Bureau

Bad loan provisioning rises, net interest margin declines »

LVB mops up Rs 450 cr ‘stressed’ loans in demonetisation drive

Parthasarathi Mukherjee, MD & CEO, Lakshmi Vilas Bank

PTI

Private sector Lakshmi Vilas Bank has witnessed about Rs 450 crore worth of ‘stressed’ loans getting prepaid during the demonetisation drive announced by the Centre in November, according to a top ba... »

Lloyd's to open branch office in India before April

Our Bureau

Lloyd's of London -- the best known name in insurance world -- said on Thursday it will open its reinsurance branch in India in time for the April major reinsurance renewals. The Insurance Regulat... »

HDFC cuts lending rate by 0.15% for existing customers

PTI

Mortgage lender HDFC Ltd today slashed the lending rate by 0.15 per cent for its existing customers.The company has reduced its retail prime lending rate (RPLR) by 0.15 per cent with effect from toda... »

Ujjivan Financial’s profit down 11.85%

Our Bureau

Increased provisioning arising out of lower collection post-demonetisation has impacted the profits of Ujjivan Financial Services. The company, on standalone basis, saw its profit decline 11.85 pe... »

BSNL Chennai Telephones, SBI tie up to launch mobile wallet

OUR BUREAU

BSNL Chennai Telephones. in partnership with State Bank of India, has launched Mobicash, a mobile wallet (mWallet) service for cashless transactions. The service was launched for both Chennai and ... »

RBI not verifying all withdrawn notes in currency chests

On an average, only 30 per cent of the ₹500 notes and 25 per cent of
the ₹1,000 notes are being verified to detect fake notes - Photo: Bhagya Prakash K

G Naga Sridhar

This could lead to non-detection of fake notes, accounting errors »
Currency call

Rupee trades with a bearish bias

Gurumurthy K

Volatility ahead as Trump assumes office on Friday »

Rise in Jan Dhan accounts with zero balance puzzles officials

Cabinet clears proposals for listing 5 PSU general insurers

Note ban will hurt growth: Patel to panel

BHIM may expose you to data theft

RBI has no idea how much it cost to print the new notes

SBI Caps entering into new business segments to boost growth, de-risk

Issue of RuPay cards jumps post-demonetisation

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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