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Latest Articles in Banking Finance
Union Bank Completes IT Integration Of All Andhra Bank Branches With Itself
The amalgamation of Andhra Bank and Corporation Bank with Union Bank came into effect from April 1, 2020.
Read MoreUCO Bank Reports Q3 Net Profit Of Rs 35.44 Cr
The bank's bad loans ratio stood at 9.80 per cent of the gross loans in the quarter ended December 2020, as against 19.45 per cent in the year-ago period.
Read MoreWhat You Need to Know About ‘No Claim Bonus’ In Motor Insurance
A no claim bonus in motor insurance gives you a special benefit by reducing the car insurance premium
Read MoreAsset Quality Stress Touches 'Peak', GNPAs May Rise After SC Order: Yes Bank
The bank’s efforts at cost saving through interventions like optimising real estate will bear full fruit in FY22, Kumar said, adding that it is an ongoing exercise.
Read MoreYes Bank Reports Q3 Net At Rs 147 Cr; COVID Ups Stressed Assets
The net interest margin came at 3.4 per cent, but the same is not sustainable as once the SC ruling on standstill accounts comes in, there will be interest outgo
Read MorePNB Raises Rs 495 Cr Via AT-1 Bonds
The bank has issued and allotted Rs 495 crore Additional Tier - 1 (Basel III Compliant) Capital Bonds at a coupon of 8.6 per cent per annum on private placement basis, PNB said in a regulatory filing.
Read MoreBandhan Bank Shares Fall Over 7 %
Total income during the period under review rose 38.3 per cent to Rs 2,625 crore from Rs 1,898 crore a year ago
Read MoreIndian Bank Gets Board Approval To Raise Rs 4,000 Cr From Share Sale
Total income during the quarter under review was Rs 11,421.34 crore, up from Rs 6,505.62 crore in the same period a year ago.
Read MoreHDFC Bank Stock Falls After Sebi Imposes Rs 1 Cr Fine
Shares of the private lender were trading at Rs 1,453.35 apiece, falling 1.39 per cent over the previous close.
Read MoreBandhan Bank Q3 Profit Falls 14 Pc At Rs 633 Cr
Total income during the period under review rose 38.3 per cent to Rs 2,625 crore from Rs 1,898 crore in the same period of 2019-20
Read MoreFederal Bank Q3 Profit Declines 8 Pc To Rs 404 Cr
Total income, however, improved to Rs 3,941.36 crore during the third quarter as against Rs 3,738.22 crore a year ago, Federal Bank said in a regulatory filing.
Read MoreInsurers Asked To Adopt One Aspirational District Each, Says IRDAI Chairman
Life insurance penetration in the country is 3.6 per cent of the GDP, way below the global average of 7.13 per cent, and in case of general insurance it is even worse at 0.94 per cent of GDP, as against the world average of 2.88 per cent.
Read MoreSBI MF Targets To Collect Rs 2,000 Cr From Retirement Scheme
The scheme offers an option to avail Term Insurance of up to Rs 50 lakh on SIPs (systematic investment plan), and a facility for regular cash flows in dividend option which can be used for retirement planning
Read MoreBank Of America Hopes For Loan Growth Bounce After Muted Quarter
Net income applicable to common shareholders fell to $5.21 billion, or 59 cents per share, for the quarter ended Dec. 31 from $6.75 billion, or 74 cents per share, a year earlier.
Read MoreCSB Bank Q3 Net Up 88%, Provisions Also Soar
CSB Bank shares were trading 2.60 per cent up at Rs 237.20 apiece on the BSE at 1443 hrs as against 1.75 per cent gains on the benchmark.
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