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Latest Articles in Banking Finance

Finmin Issues Guidelines For Implementation Of Interest Waiver On Loan

Housing loan, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme.

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Federal Bank Expects spurt in NPAs in next two quarters if eco conditions do not improve

The bank had reported slippages at Rs 3 crore for the September quarter but disclosed that the same number would have been Rs 237 crore if not for the mandates on stress treatment. It had also set aside money as provisions as per the higher number.

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Indian Bank Q2 Net Profit Rises 15% to Rs 412 Cr

The bank's net profit in July-September quarter of 2019-20 stood at Rs 358.56 crore.

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SBI Card Q2 Net Profit Dips 46% To Rs 206 Cr

The credit card company had posted a net profit of Rs 381 crore during the corresponding period of the previous financial year.

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Bajaj Finance Q2 Net Profit Falls 36% To Rs 965 crore

Net interest income was up 4 per cent at Rs 4,165 crore as against Rs 4,000 crore.

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SBI Announces Interest Concession Up To 25 Bps, Home Loan EMIs To Reduce

The interest rate starts from 7.5 per cent on a car loan, while the rates are 7.5 per cent and 9.6 per cent on gold and personal loans respectively.

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Metro Bank Warns Capital Levels Remain Below Regulators' Expectations

The lender was founded in 2015 to take on incumbent high street banks by aiming to offer better service through its brightly coloured city-centre branches.

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Nine Investing Lessons That Navratri’s Nine Colours Teach Us

Navratri you not only get to celebrate with your loved ones across the nine days but also to reflect on your investment strategies and become a better investor!

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CBI Books Ex-PNB Deputy Manager Gokulnath Shetty In Bribery Case

The officials said that after getting confirmation from Dutta, Shetty used to issue LoUs using the international banking messaging service, SWIFT.

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HDFC Bank Shares Close With Marginal Gains

The stock, which gained 2.48 per cent to Rs 1,228.80 on the BSE, later closed at Rs 1,203.35, up 0.36 per cent.

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HDFC Bank Shares Jump 3 % After Q2 Earnings

HDFC Bank on Saturday reported a 16 per cent rise in its consolidated net profit to Rs 7,703 crore for the second quarter ended on September 30, 2020.

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HDFC Bank Q2 Net Profit Rises 16% To Rs 7,703 Cr

The private sector lender had posted a consolidated net profit of Rs 6,638 crore in the corresponding quarter a year ago.

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Provisions For Potential Loan Stress Result In Federal Bank Q2 PAT Declining 26%

The management of the private sector bank, however, said that from an operational profit perspective, it has been the best quarter ever with a bottomline of over Rs 1,000 crore.

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Co-op Bank Fraud: ED Arrests Ahmedabad-based Director Under Money Laundering Charges

The central probe agency said in a statement that Dave, another director of these firms- Pratik R Shah- and others allegedly 'committed fraud of Rs 25.25 crore with the Ahmedabad People's Cooperative Bank Ltd (APCBL)' and were first booked by the CID-crime branch of the Gujarat Police in May, 2009.

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Bank Of America Profit Falls On Pandemic Woes

Net income applicable to common shareholders fell to $4.44 billion, or 51 cents per share, in the third quarter ended Sept. 30, from $5.27 billion, or 56 cents per share, a year earlier.

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