Axis Bank Q3 net profit up 14.5 percent but bad loans rise
Axis Bank Ltd, India's third-biggest private sector lender by assets, reported a better-than-expected 14.5 percent increase in third-quarter profit, although its bad loans shot up. Net profit rose to...
View ArticleAxis Bank sees bad loans surge on RBI move
Axis Bank Ltd, India's third-biggest private sector lender by assets, reported a surge in bad loans in the December quarter, as the Reserve Bank of India (RBI) asked lenders to reclassify some...
View ArticleBarclays slashes hundreds of investment banking jobs worldwide
Barclays has embarked on a fresh round of job cuts to its investment banking business worldwide on Thursday which would result in a complete exit from cash equities in Asia, an internal memo showed,...
View ArticleGoldman Sachs, Morgan Stanley CEOs see slight 2015 pay cuts
Wall Street's two marquee investment banks each slightly cut their chief executives' pay after a year that saw profitability fall and shares drop amid a turbulent backdrop. Goldman Sachs Group Inc...
View ArticleGold monetisation scheme: Banks to get 2.5 percent commission
The government will pay banks a 2.5 percent commission for mobilising gold under the gold monetisation scheme and depositors will be permitted premature withdrawal of the precious metal deposited, an...
View ArticleHDFC Bank Q3 net up 20 pct as expected, bad loans tick up
HDFC Bank Ltd, India's second-biggest private sector lender by assets, met analyst expectations with an about 20 percent increase in quarterly profit even as its bad loans ticked up. Net profit rose to...
View ArticleMortgages offer silver lining for India's banks as corporate loans languish
India's banks, struggling to boost mainstay corporate loans, are finding a bright spot in a home-buying spree in the country's towns that has driven mortgage-loan growth to the fastest rate in at...
View ArticleICICI Bank bad loans jump in Q3; net profit in line with estimates
ICICI Bank Ltd, India's biggest private sector lender by assets, reported a surge in bad loans for the December quarter partly due to a central bank direction to reclassify some troubled loan accounts...
View ArticleYes Bank Q3 net profit up 25 pct, beats estimates
Yes Bank Ltd , India's fifth-biggest private sector lender by assets, reported a better-than-expected 25 percent increase in quarterly profit, and said it expected full-year credit costs to be at the...
View ArticleBoB forex scam: RBI tells all banks to conduct internal audit
All public sector and privatebanks have been asked by the RBI to conduct a "thoroughinternal audit" and put the report before their respectiveaudit committees, as part of the central bank's efforts...
View ArticleMid-tier Chinese banks piling up trillions of dollars in shadow loans
Mid-tier Chinese banks are increasingly using complex instruments to make new loans and restructure existing loans that are then shown as low-risk investments on their balance sheets, masking the...
View ArticleRBI's Rajan says will ensure plentiful liquidity in Indian banking system
The Reserve Bank of India (RBI) will use all instruments, including open market operations (OMO) to infuse "plentiful" liquidity into the banking system, Governor Raghuram Rajan said on Tuesday, after...
View ArticleSBI comes up with special home loan scheme
To woo young customers, top lender State Bank of India (SBI) on Monday launched a new home loan scheme offering higher amount and up to five years of interest moratorium, which on the face of it looks...
View ArticlePunjab National Bank Q3 net profit plunges as bad loans surge
Punjab National Bank, India's fourth-biggest state-run lender by assets, reported on Tuesday its fiscal third-quarter profit fell 93 percent as provisions for bad loans jumped. Its shares fell more...
View ArticlePunjab National Bank profit plunges, sees more bad loans
Punjab National Bank (PNB), India's fourth-biggest state-run lender by assets, posted a 93 percent fall in quarterly profit and said it expected bad loans to rise further in the current quarter as a...
View ArticleFour government banks report spike in bad loans
Four state-run banks reported a spike in bad loans and provisions for sour debt on Tuesday after a clean-up exercise ordered by their regulator, sending three of them to net losses for the fiscal...
View ArticleGovernment to link savings deposit terms to market rates
India will link the interest paid to millions of small savers in a $137-billion central deposit scheme to market rates that will be revised every quarter, a top finance ministry official said on...
View ArticleUnion Bank of India Q3 net profit plunges on higher bad loans
State-run Union Bank of India reported a 74 percent drop in its quarterly net profitdue to sharply higher bad loans and provisions as lenders complywith a regulatory order to treat some troubled loans...
View ArticleBank of India posts Q3 loss; bad loans soar
Bank of India Ltd,India's third-biggest state-run lender by assets, reported aloss for the December quarter as bad loans surged. Net loss was 15.06 billion rupees ($220.31 million) for itsfiscal third...
View ArticleState Bank of India Q3 net profit plunges as bad loans rise
State Bank of India (SBI), the nation's top lender by assets, said quarterly netprofit fell nearly two-thirds, below estimates, as it soaked upmore bad loans and provisions in line with a central bank...
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