Wednesday, October 22, 2014

HDFC Bank Q2 net rises 20%

Our Bureau | Mumbai, October 21  

Fifth straight quarter of below-trend growth rate of 30%; provisions bite »

PNB registers 13.81% growth in net profit for Q2

Our Bureau | New Delhi, October 21  

But market not enthused by results; scrip slips over 2.5% »

Finance companies, banks cash in on the festive spirit

Satyanarayan Iyer & Beena Parmar | Mumbai, October 21  

Offers of cash-back, 0% interest rates and overseas trips made to woo buyers »

Kotak Mahindra Bank reduces interest rate on savings deposits

Beena Parmar | Mumbai, October 21  

Interest rate reduced by 0.5 percentage points to 5% for savings below Rs. 1 lakh »

Bad loans continue to drag 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... »

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... »

Stressed loans: Banks get more time for corrective action

Our Bureau | Mumbai, October 21  

The Reserve Bank of India 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 sho... »

Aditya Birla enters health insurance

Our Bureau | Mumbai, October 21  

Aditya Birla Financial Services Group has signed a Memorandum of Understanding (MoU) with South Africa-based MMI Holdings to enter the health insurance segment in India.MMI Holdings will... »

Incentive plans for selling financial products under scrutiny

Our Bureau | Mumbai, October 21  

Encouraging State Governments to enact laws to deal with unauthorised deposit-taking activities and skewed incentive structures existing among similar insurance, mutual funds and pension produc... »

Bajaj Allianz General Insurance net up

Our Bureau | Mumbai, October 21  

Bajaj Allianz General Insurance reported 28 per cent rise in net profit to Rs. 145 crore for the quarter ended September 30, despite settling over 3, 000 claims and paying over Rs. 130 crore in... »

STFC second quarter net down 8%

Our Bureau | Mumbai, October 21  

Shriram Transport Finance Company (STFC) reported a drop of 8 per cent in its second quarter net profit, hit by higher provision for bad debts and lower income from securitisation.The co... »

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