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Latest Articles in banking sector

Canara Bank Posts 3.8% Growth In Q3 Net Profit At Rs 330 Crore

The ratio of gross NPAs to gross advances stood at 8.36 per cent versus 8.68 per cent as on September 30, 2019, and 10.25 per cent as on December 31, 2018.

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Bank Of America To Hire 50 Bankers For Asia Dealmaking Team In 2020

BofA's hiring tally for the year could change depending on the deals' momentum, said two of the people, who spoke on condition of anonymity as the plans are still confidential.

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RBI Announces Auction Of 63-Day Government Of India Cash Management Bill

The auction will be conducted using '"Multiple Price Auction" method. The competitive bids for the auction will be submitted in electronic format on the Reserve Bank of India.

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Softbank In Talks To Sell Stake In Indian Renewable Energy Venture: Report

SoftBank is facing renewed investor scrutiny after it was forced to bail out one of its best known portfolio companies.

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World Bank Trims 2020 Growth Forecast Amid Slow Recovery For Trade

Global trade growth is expected to improve modestly in 2020 to 1.9 per cent from 1.4 per cent in 2019, which was the lowest since the 2008-2009 financial crisis.

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Syndicate Bank Surpasses Rs 5 Lakh Crore Business Mark

The bank achieved this milestone on the back of every business unit contributing in its full capacity which included retail.

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The Evolution Of Biometrics In the Banking Sector

Biometric identifiers are almost seemingly impossible to replicate and there are several options available when it comes to implementing them.

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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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