ICICI Bank Q2: Silver lining in the fine print
The private sector lender saw profit fall nearly 55.8% to Rs 909 crore, but the asset quality picture serves as a redeeming factor.
bank
October 2018
September 2018
August 2018
July 2018
Brokerages give HDFC Bank a thumbs-up
The bank’s stock touched its highest level since October 3 in intraday trade on Monday on the back of good September quarter results.
Bandhan Bank Q2 profit rises 47%
Private sector lender attributes the rise to a robust growth in net interest income.
Will never sell YES Bank shares: Rana Kapoor
YES Bank MD and CEO Rana Kapoor, who has been asked by the RBI to vacate his post in four months, tweeted on Friday that his shares in the bank are invaluable to him.
Bankers must be empowered: Jaitley
Finance Minister, in his first public address after his return to North Block, says bankers must be empowered to take honest decisions without fearing consequences.
J.P. Morgan, IIM-A to set up financial inclusion lab
The global banking giant and the centre for entrepreneurship of India’s premier management institute are set to collaborate to boost startups looking to help under-served communities.
PNB falls over 7% after reporting Rs 940 crore loss in Q1
The loss was much lower than Rs 2,418 crore, the figure estimated by a Reuters poll.
Turnaround for Indian banks likely in FY20: S&P
More realistic NPA recognitions, rebounding corporate profits, and quicker NPA resolution under the IBC will help banks recover from a protracted bad-debt cycle, according to the ratings major.
Kotak Mahindra Bank’s Q1 profit up 12%
The bank posted a standalone net profit of Rs 1,025 crore for the quarter ended June compared to Rs 913 crore a year ago.
Wilful defaults: the financial underbelly of the banking system
Only four economies globally have higher NPAs than India. These are Portugal, Italy, Ireland, and Greece.
