PNB Back In Black, Posts ₹247-crore Profit In Q3
Aggressive recoveries, NPA reduction drive unexpected rebound Read more
Dhanlaxmi Bank Set To Focus On NPA Reduction, Says CEO
When T Latha, the MD and CEO of Dhanlaxmi Bank, took over the reins of the crisis-ridden bank in July 2018, she had som... Read more
Banks Liable For Unauthorised Withdrawals From Customer Accounts: Kerala High Court
The Kerala High Court has held that banks cannot be exonerated from liability for loss caused to a customer on account ... Read more
United Bank Posts ₹1,139-cr Loss
For the quarter ended December 31, 2018, United Bank of India’s net loss widened to ₹1,139 crore, compared to a net ... Read more
IDFC First Bank Posts Loss Of ₹1,538 Cr In Q3
The newly-merged entity, IDFC First Bank, has reported a net loss of ₹1,538 crore for the third quarter of the fiscal ... Read more
Bank Of Baroda Raises MCLR By 20 Bps
Bank of Baroda has decided to up its marginal cost of funds-based lending rates by up to 20 basis points with effect fro... Read more
RBI Slaps ₹2-cr Fine On Axis Bank AndUCO Bank; ₹1 Cr On Syndicate Bank
The RBI has imposed a monetary penalty of ₹2 crore each on UCO Bank and Axis Bank, and ₹1 crore on Syndicate Bank. I... Read more
Kerala Financial Corp Offers Concessions
Kerala Financial Corporation (KFC) has announced fresh concessions/incentives to borrowers as part of a drive to ramp up... Read more
Syndicate Bank Posts Q3 Profit Of ₹108 Crore
Our Bureau Syndicate Bank has posted a net profit of ₹107.99 crore for the third quarter of financial year 2018-19, a... Read more
Bad Loans Moderate At PNB, But Profitability Weak
A notable decline in risk-weighted assets, and the Government’s capital infusion, have helped shore up capital ratios Read more
RBIs MPC Begins 3-day Meet To Decide On Key Rates
The RBI’s Monetary Policy Committee (MPC) on Tuesday began 3-day meet to decide on key rates amid expectations it woul... Read more
S&P Expects RBI To Cut Rates On Falling Inflation
In its December monetary policy review, the RBI had kept interest rates unchanged Read more
Time For Private Capital To Give An Investment Boost: Kotak Bank JMD
Private sector urged to match govt spend on infra Read more
DHFL To Bring In Strategic Partner To Boost Shareholder Confidence
Dewan Housing Finance Corporation Ltd (DHFL) has initiated measures to rope in a strategic partner and divest non-core a... Read more
Should Data Be Stored Locally Only? Mastercard In Talks With RBI For Further Clarity On Norms
There are huge benefits from operating as a global network, said Ed Mclaughlin Read more