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Latest Articles in Banking Finance

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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Gross NPAs Of Banks May Jump To 11.5 Pc By End Of FY21: Care Rating

The GNPA ratio of scheduled commercial banks stood at 8.2 per cent in Q1 FY21 against 9.5 per cent in the same period of last year.

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India In Stalemate On Borrowing To Help Out Pandemic-hit States

India's Goods and Services Tax Council, comprising federal and state finance ministers, last week extended a surcharge on luxury goods including cars and tobacco products beyond 2022 to help states repay loans raised to fill revenue gaps in the current fiscal year.

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Moratorium Period Exceeding Six Months May Result In Vitiating Overall Credit Discipline: RBI To SC

In an affidavit filed in the apex court in the loan moratorium case, the RBI has said that a long moratorium period could impact credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments.

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Is Art Investment Worth It?

‘Investing’ in pieces by emerging artists are really a hit or miss proposition much like venture capital investing with the potential for both wild upsides and frustrating stagnation or even capital erosion

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