Latest Articles in banking sector
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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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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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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Yes Bank Says On Track To Find CEO Within RBI Deadline
The final recommendation for the CEO post will be submitted to the Reserve Bank of India (RBI) after the next board meeting on Jan. 9, 2019, the bank said in a statement
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India's Top Hedge Fund Turns To State-Run Banks As Bad Loans Wane
Bad loans at Indian banks reached a record $150 billion at the end of March with state-run banks accounting for the lion's share
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IDBI Bank Posts Eighth Straight Quarterly Loss As Provisions Surge
Provisions for bad loans at IDBI Bank, which has the highest bad loan ratio in the sector, jumped 92.9 percent to 54.82 billion rupees, leading to a doubling in total provisions
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Bank Of India Posts Quarterly Loss As Bad Loan Provision Jumps
Net loss was 11.56 billion rupees ($158.43 million) for the three months ended Sept. 30, compared with a profit of 1.79 billion rupees a year earlier
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Lower Bad Loans Help SBI Return To Profit After 3 Quarters Of Heavy Losses
At the standalone level, net income of State Bank of India (SBI) fell 40 per cent to Rs 944.9 crore from Rs 1,581.55 crore on the back of better asset quality
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StanChart Beats Forecasts With 31 Per Cent Third-Quarter Profit Jump
Standard Chartered posted a profit before tax of $1.1 billion in the three months ended Sept. 30, above the $814 million profit in the same period a year ago and higher than the $978 million average of analysts' forecasts
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Indian Banks On Top Of Situation Over NPA Problem:SBI Chairman Rajnish Kumar
Kumar said that going by the initial results that have started coming in September, it seems that many banks are returning to profit
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Chanda Kochhar quits ICICI Bank; Bakhshi named MD & CEO
ICICI Bank Managing Director Chanda Kochhar has resigned from the bank with immediate effect.
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Court Directs ED To File Charge Sheet Against Accused In Bank Loan Fraud Case of over Rs 5K cr
A Delhi High Court, which had earlier issued open-ended non-bailable warrants against Gujarat-based Sterling Biotech directors passed the directions after being told by the ED that its report was in final stage
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