Other income pushes Yes Bank net up 26.5%; bad loans double
Yes Bank Thursday reported a 26.5 percent rise in net profit at Rs 610.4 crore for the second quarter ended September 30, boosted by fee income, which helped it offset the impact of rising bad loans that more than doubled in the reporting period.
Oct 29, 2015, 20:23 PM IST
Kingfisher Airlines allegedly diverted portion of loans to tax havens
Kingfisher Airlines had allegedly diverted a substantial chunk of Rs 4,000 crore in loans secured from public sector banks to tax havens which has now come under the scanner of the CBI that has expanded its probe in the matter.
Oct 11, 2015, 22:31 PM IST
NCDEX, Kotak Mahindra Bank pact to provide commodities loans
National Commodity & Derivatives Exchange Ltd (NCDEX) Tuesday announced its tie-up with Kotak Mahindra Bank to provide financing to the depositors of goods in warehouses approved by the exchange.
Oct 06, 2015, 23:39 PM IST
Axis Bank realigns home loan rates; introduces new slab
Country's third largest private lender Axis Bank Tuesday introduced a new slab for its home loan borrowers with offers starting at 9.60 percent onward.
Oct 06, 2015, 22:37 PM IST
Banks will have to follow new base rate calculation: Rajan
Reserve Bank Governor Raghuram Rajan on Tuesday said the RBI is looking into banks' concern over adopting the marginal cost-based base rate regime but made it clear the lenders will have to follow the new computation methodology.
Sep 29, 2015, 19:39 PM IST
RBI rate cut to drive growth, banks must follow suit: India Inc
India Inc on Tuesday said the Reserve Bank's move to cut interest rate by 0.50 percent is "pro-growth" and exhorted banks to transmit the lower interest rate to borrowers to revive demand and kick-start the investment cycle.
Sep 29, 2015, 15:47 PM IST
Realtors ask banks to pass on benefits of RBI rate cut
Hailing the Reserve Bank's decision to cut interest rate by 0.50 percent, real estate developers on Tuesday asked the banks to pass on the benefits to home loan borrowers that would help revive housing demand especially during upcoming festive season.
Sep 29, 2015, 15:43 PM IST
Another big promise fulfilled with RBI rate cut: BJP
The BJP on Tuesday sought to draw political mileage from reduction in key interest rate by the Reserve Bank of India, saying its fourth fall in a year "fulfills" the party's promise of bringing the rate down to help people avail cheaper loans.
Sep 29, 2015, 15:41 PM IST
Rajan for faster transmission of RBI rate cut
After lowering the interest rate by 50 basis points to boost economy, Reserve Bank Governor Raghuram Rajan on Tuesday said the RBI will work with the government to ensure a faster transmission and also hoped that banks will pass on the benefits to customers.
Sep 29, 2015, 15:35 PM IST
Amtek hasn't approached us for new loans yet: Lenders
Even as cash-crunch hit Amtek Auto informed exchanges that it's in advanced talks with banks for fresh funds to repay its Rs 800 crore debt, lenders Tuesday denied any such discussions and said they've serious reservation about further lending to the auto component maker.
Sep 22, 2015, 23:01 PM IST
HDFC Bank cuts base rate by 0.35% to 9.35%; lowest in industry
After repeated chiding by RBI chief Raghuram Rajan on banks not passing rate cut benefits to consumers, HDFC Bank Monday lowered its base lending rate by 0.35 to 9.35 -- the lowest in the industry.
Aug 31, 2015, 19:21 PM IST
HDFC Bank slashes base rate by 0.35%, loans to be cheaper
Private sector HDFC Bank on Monday cut the base rate by 0.35 percent to 9.35 percent from the existing 9.70 percent, thereby making loans from the bank cheaper.
Aug 31, 2015, 16:56 PM IST
IDBI not selling bad loans to ARCs; PNB thinks of new ways
Even as they sit on mountain of bad loans, public sector lender IDBI Bank Tuesday said it's not selling stressed loans to ARCs, while its larger peer PNB said it prefers innovative ways to tackle the situation.
Aug 25, 2015, 23:24 PM IST
Loans under PMMY to double to over Rs 1 lakh cr by March
Since the launch of the scheme in April by Prime Minister Narendra Modi, about Rs 14,000 crore worth of loans have been disbursed under the scheme to 20 lakh people.
Aug 19, 2015, 13:16 PM IST
RBI asks banks to provide short-term crop loans at lower rate
The Reserve Bank on Thursday asked all banks to provide interest concession of 2 percent on short term crop loans of up to Rs 3 lakh to farmers.
Aug 13, 2015, 20:31 PM IST
World Bank unveils new conditions for loans
The World Bank unveiled Tuesday a set of new social and environmental rules for its 188 member nations to receive financial assistance.
Aug 05, 2015, 17:42 PM IST
BoB Q1 net down 23% at Rs 1,052 cr on bad loans, wage revision
State-run Bank of Baroda Thursday reported 22.74 percent decline in net profit at Rs 1,052.15 crore during the first quarter ended June 30, on higher provision for bad loans and wage revision.
Jul 30, 2015, 14:07 PM IST
RBI says 'watchful' of banks' bad loans levels
Reserve Bank of India Deputy Governor S. S. Mundra said the latest April-June earnings from state-owned lenders showed "stability" in terms of non-performing assets (NPAs), but added the central bank would remain "watchful."
Jul 29, 2015, 10:01 AM IST
Dena Bank to sell small ticket bad loans to ARCs
For the first time, mid-sized state-run Dena Bank is planning to sell small ticket non-performing assets of up to Rs 2 lakh to asset reconstruction companies (ARCs) in the current quarter.
Jul 28, 2015, 11:56 AM IST
44 corporate borrowers owed over Rs 5K crore each to five PSBs
The government on Tuesday said as many as 44 corporate borrowers had taken loans in excess of Rs 5,000 crore each from public sector banks as of March 2015.
Jul 21, 2015, 17:25 PM IST
