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Latest Articles in Banking Finance

Yes Bank Shares Zoom 9% After Rakesh Jhunjhunwala Buys Stake

The scrip, after a positive opening, further jumped 8.77 per cent to Rs 71.90 on the BSE.

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Rakesh Jhunjhunwala Buys 0.5% Stake In Yes Bank For Rs 87 Crore

According to bulk deal data available with the BSE, Jhunjhunwala purchased 1,29,50,000 shares of the private lender amounting to 0.5 per cent stake of Yes Bank.

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Bank Credit Growth To Moderate To 8.5% In FY20: ICRA

ICRA expects year-on-year credit growth to decline to 6.2-6.8 per cent in FY20 from 13.5 per cent in the last financial year.

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Aegon Life Launches First-Ever Term Plan With Protection And Monthly Income #Notermplanlikethis

It provides the flexibility to choose from three plan options and multiple benefits to the customers.

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HDFC Q2 Net Profit Up 76 Per Cent At Rs 1,749 Crore

Total income (standalone) increased to Rs 13,494.12 crore from Rs 11,256.96 crore a year ago.

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What Steps Taken To Help PMC Bank Depositors, HC Asks RBI

The Enforcement Directorate is investigating the case and has attached the assets of HDIL promoters.

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Yes Bank Shares Plunge 15% After Q2 Net Loss

Total income (consolidated) also slipped to Rs 8,347.50 crore during July-Sept 2019-20, as against Rs 8,713.67 crore.

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Over 3,400 Branches Of 26 PSBs Closed Or Merged In Last 5 Years: RTI

The RTI information came out at a time when the Centre is planning to consolidate 10 PSBs into four mega state-owned lenders.

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Singapore-Based DBS Bank May Acquire 51% Stake In Yes Bank

As per the reports, the Government of Singapore is negotiating with PMO and RBI for DBS to acquire 51 per cent stake in Yes Bank.

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Govt Orders SFIO Probe Against Crisis-hit DHFL

A forensic audit by KPMG has reportedly found massive fund diversion by the promoters.

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Bank Of India Post Rs 266 Crore Profit In Q2

The bank had posted a loss of Rs 1,156.25 crore in the July-September quarter last fiscal.

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Sebi Tightens Norms For Listed Banks On Bad Loan Disclosures

The decision has been taken in consultation with the RBI, the Sebi said in a circular.

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Banks' Payments Revenues To Dent By $9 Billion By 2025: Report

Banks may not be able to garner all the goods for themselves, as the non-bank players become more active in the segment.

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PayU Leads Rs 78 Crore Funding Round In Fisdom

PayU is entering investments and wealth technology as it seeks to move beyond digital payments into broader financial services.

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Syndicate Bank Reports Rs 251 Crore Net Profit In Q2

Total income in the July-September quarter of 2019-20 increased to Rs 6,153.10 crore as against Rs 5,888.87 crore in year-ago period, the bank said in a regulatory filing.

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