Is RBL Bank going YES Bank’s way? Not really
RBL Bank’s NPAs are rising and the stock is going downhill, but there are enough reasons to believe it is unlikely to end up like YES Bank.
npas
October 2019
August 2019
July 2019
September 2018
Pvt sector leaders in PSBs: End of an experiment
The government’s experiment in hiring talent from the private sector to head public sector banks has ended with former Citibanker P.S. Jayakumar leaving Bank of Baroda.
Finance minister holds review meeting with bankers
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
Top three public sector banks post cheery Q1 results
State-owned lenders SBI, BoB, and PNB have all posted profits for the quarter ended June 30. Recoveries have been flat but cutting interest rates on deposits should help increase their margins.
Axis Bank’s 95% profit growth is lacklustre
The private lender’s profit fell 9% over the previous quarter. Its provisions grew by 40.7% and 14.3% on quarterly and annual basis, respectively.
Short-term relief for NBFCs
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
DHFL’s survival blues
The housing finance company says recent developments may raise doubts about its ability to continue as a going concern.
Health check: The big bank merger
The proposed consolidation of Bank of Baroda, Dena Bank, and Vijaya Bank will see a mega-bank with assets of ₹606,782 crore, and combined gross non performing assets (NPAs) of ₹79,320 crore
