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BoB narrows net loss to Rs 991 cr in Q4 on accelerated NPA provisioning

The provisions for NPAs for the fourth quarter was at Rs 5,550 versus Rs 3,416 crore in the previous quarter

IL&FS crisis may lead to consolidation in NBFC sector: Fitch Ratings

The report comes against the backdrop of the Reserve Bank of India's decision to create a specialised cadre to supervise and regulate the financial sector, including banks and NBFCs

RBI not in favour of providing special credit window to NBFC sector

Ever since the IL&FS crisis erupted, banks have been averse to lending to the sector, which has put them in a tight spot

Rupee opens 5 paise higher at 69.67 against US dollar

The domestic unit on Tuesday rose marginally by 2 paise to close at 69.72 in a lacklustre trade as participants preferred to sit on the fence ahead of the results of general polls.

PNB could take control of OBC, Andhra Bank, Allahabad Bank: Reports

The govt has been trying to merge smaller regional state-run banks with better managed larger government-owned lenders as one way to reduce bad loans that stand at more than Rs 9 trn

Liquidity-starved DHFL stops fresh deposits, premature withdrawals

On Friday, the company's credit ranking was downgraded by Brickwork Ratings to 'BBB-Plus'

Corporation Bank plans to trim slippages by 50% to Rs 4000 crore in FY20

Says slippages will not be more than Rs 1,000 cr each quarter in FY20 against Rs 2,000 cr each quarter in FY19

Rupee opens 73 paise higher as exit polls show clear majority for NDA

The domestic unit on Friday declined by 20 paise to close at 70.23 against the greenback.

BoB looks to rationalise 800-900 branches, to boost operational efficiency

With the first ever three-way merger, BoB has now become the second-largest public sector lender after State Bank of India

Corporation Bank posts loss of Rs 6,581 crore for March quarter

The bank, however has reported reduction in non-performing assets (NPAs).

India's working capital is vanishing and the next PM will need to find it

The world of finance will be keenly watching the election results as the future seems uncertain given the current scenario

R Gandhi's appointment to YES Bank board may be precautionary: Macquarie

Earlier this week, the Reserve Bank of India (RBI) appointed former Deputy Governor R Gandhi as an additional director to the board of Yes Bank

Bank of India swings back into the black, posts Rs 251 cr profit in Q4

The bank managed to sell only Rs 1,700 crore of assets to asset reconstruction companies in FY19, about one-tenth of what it planned

CASHe to double lending to Rs 1000 cr this fiscal, to widen travel segment

CASHe's forte lies in providing short-term, unsecured personal loans

Bank of India posts Rs 252 crore profit in Q4; asset quality improves

This is the first quarterly earnings announcement by the bank after it came out of the Prompt Corrective Action framework in January this year

Funding crisis to worsen unless India pumps more cash into financial system

Muted government spending and high election-linked expenditure have created a cash deficit in India's banking system in the past few months

Rupee opens 7 paise higher at 70.27 against US dollar

The domestic currency Wednesday appreciated by 10 paise to close at 70.34, marking the second straight session of gain.

YES Bank troubles run deeper than investors believe; cleanup will be tough

It is unlikely to find a long list of suitors and any arranged marriage will need to be solemnized by the RBI

Yes Bank troubles run deeper than investors believe; cleanup will be tough

It is unlikely to find a long list of suitors and any arranged marriage will need to be solemnized by the RBI

Union Bank plans to raise up to Rs 4,900 crore in equity in H2FY20

Shareholders' nod for raising equity capital will be sought at its annual general meeting on June 28

Finding an ATM in India getting tougher despite dependence on cash

The number of automated teller machines in the country shrank in the past two years despite an increase in transactions, Reserve Bank of India figures showed

IL&FS crisis: Independent directors under corp affairs ministry scanner

The role of auditors, credit rating agencies and some former officials entities are already being looked into by the ministry, which had superseded the IL&FS board in October 2018

Rupee opens 10 paise higher at 70.34 against US dollar

The domestic currency on Monday recovered 7 paise to close at 70.44 on the back of gains in equity markets.

Edelweiss' Q4 net dips 3% to Rs 232 cr, company to float $1-bn debt fund

Existing equity enough to support growth for 3-4 years, says company

Why finding an ATM in India is getting tougher even as people use them more

India already has the fewest ATMs per 100,000 people among BRICS nations, according to the International Monetary Fund

UCO Bank posts Q4 net loss at Rs 1,552 cr; yearly loss at Rs 4,321 cr

Provisions for NPAs stood at Rs 2,602 crore, against Rs 3134 crore in the same period of FY18

Indian Bank reports net loss of Rs 190 cr in Q4 due to IL&FS provisioning

Indian Bank plans to recover Rs 3,000 crore in FY20, to rope in strategic partner for NBFC arm

Back in the black, United Bank of India aims PCA framework exit by Q2FY20

On Monday, the bank posted a net profit of Rs 95.18 crore for Q4 of FY19, against a net loss of Rs 261 crore in the same period of the last financial year

United Bank of India, after successive loss, posts Rs 95 cr profit for Q4

The gross NPA of the bank as a percentage of total lending in the last quarter stood at 16.48 per cent in the last quarter, against 24.10 per cent in the same period of the previous financial year

HDFC Q4 profit rises 27% to Rs 2,862 cr, asset quality improves marginally

The net interest income of the mortgage lender for the quarter stood at Rs 3,161 crore against Rs 2,650 crore in Q4FY18

CRISIL downgrades rating on DHFL commercial paper over liquidity concerns

Flags concern on dwindling liquidity; stock down 4.6%

Allahabad Bank cuts lending rate by 5 bps, housing loans to get cheaper

Most of the loans including housing loans are benchmarked against MCLR for one year

Oriental Bank of Commerce posts Rs 201 cr profit in Q4; NPAs down at 13%

Total income of the bank during the January-March quarter rose to Rs 5,711.92 crore from Rs 4,689.12 crore in the same quarter a year ago,

HDFC Q4 profit jumps 27% to Rs 2,862 cr; interest income rises 19%

The board has proposed a final dividend of Rs 17.50 per share and the proposed final dividend is in addition to the interim dividend of Rs 3.50 per share declared earlier

Chanda Kochhar, husband appear before ED in ICICI Bank loan fraud case

Former ICICI Bank CEO Chanda Kochhar Monday appeared before the ED in connection with an alleged bank loan fraud and money laundering case registered against her. Kochhar arrived before the Enforcement Directorate's office here in Khan Market shortly before

HDFC Q4 profits jumps 27% to Rs 2,862 cr; interest income rises 19%

The board has proposed a final dividend of Rs 17.50 per share and the proposed final dividend is in addition to the interim dividend of Rs 3.50 per share declared earlier

Chanda Kochhar, husband appear before ED in ICICI bank loan fraud case

Former ICICI Bank CEO Chanda Kochhar Monday appeared before the ED in connection with an alleged bank loan fraud and money laundering case registered against her. Kochhar arrived before the Enforcement Directorate's office here in Khan Market shortly before

Rupee opens 22 paise lower at 70.14 against US dollar

The domestic unit on Friday snapped its four-day losing streak to end two paise higher at 69.92.

SBI posts net profit of Rs 838 crore in Q4 on higher interest income

Won't let go of quality corporate credit, says Rajnish Kumar
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