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Latest Articles in Banking

Union Bank Of India Third-Quarter Profit Misses Estimates

Net profit was 1.53 billion rupees ($21.48 million) in the three months to Dec. 31, 2018, compared to a loss of 12.50 billion rupees a year earlier, the bank said

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Kotak Mahindra Bank Profit Climbs 23 Per Cent On Higher Interest Income

Net profit at the private sector bank came in at 12.91 billion rupees ($181.20 million) for the three months to Dec. 31, compared to 10.53 billion rupees a year earlier

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Citigroup Sees $2 Billion More Revenue From Lending In 2019, Shares Rise

Chief Financial Officer John Gerspach pointed to growing revenue from its consumer banking business and a reduced government surcharge for deposit insurance, as drivers for net interest income this year

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Bandhan Bank Q3 Profit Rises 10%, But Asset Quality Worsens

Net profit was Rs 3.31 billion ($46.89 million) for the three months ended Dec. 31, compared to 3 billion rupees a year earlier

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Yes Bank Finalises Potential Candidates For Top Job

The private sector bank will now seek approval from the Reserve Bank of India (RBI) for the CEO appointment, and will make the relevant disclosures after the RBI's approval, the lender said in a statement

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IndusInd Bank Third-Quarter Profit Rises 5 Per Cent

Net profit was 9.85 billion rupees ($139.65 million) for the quarter ended Dec. 31, compared with 9.36 billion rupees a year earlier, the bank said. Interest earned rose 34.4 per cent to 57.63 billion rupees

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RBI Appoints Aadhaar Architect Nandan Nilekani As Chairman Of Panel On Digital Payments

The five-member panel on deepening of digital payments has been constituted with a view to encourage digitisation of payments and enhance financial inclusion through digitisation

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RBI Says It Is Open To Liquidity Needs, Ahead Of Shadow Banker Meeting

Defaults by big NBFC Infrastructure Leasing & Financial Services (IL&FS) on some of its debt obligations late last year triggered declines in stock and debt markets, and led to concerns about broader risks in the financial sector

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HDFC Life: From Strength To Strength

‘By leveraging technology, we have been able to offer our customers convenience along with a superior experience’

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Parliamentary Panel Asks RBI To Ease Bank Capital Requirements

Indian banks are required to maintain a minimum capital to risk weighted asset ratio (CRAR) at 9 percent, against the global Basel-III requirement of 8 percent

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Banks Likely To Recover Bad Loans Worth Rs 700 billion By March-end: Arun Jaitley

Some of the big cases such as Bhushan Power and Steel and Essar Steel India are in advanced stages of resolution, and are likely to be resolved in this financial year

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Dena Bank, Vijaya Bank Slump After Bank Of Baroda Announces Swap Ratios For Merger

Morgan Stanley said the swap ratio for the merger implies a discount of about 27 per cent to Dena Bank's shares and a discount of about 6 per cent to Vijaya Bank's shares against their last closing.

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India Approves Merger Of Three State-Owned Banks

Banking sector reforms are a major plank of Prime Minister Narendra Modi's government's plans to revive lending which has slowed as banks struggle with bad debt

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HSBC: On A Sound Local Wicket

The India entity is a huge contributor to the global entity’s revenue accounting for the fourth highest group profits

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A Giant Awakens

‘The bank is actively exploring the use of AI, cloud platforms and tie-ups with fintechs to speed up processes’

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