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The benchmark indices pared gains in early afternoon trade as profit booking emerged at higher levels. The Nifty held above the 9300 mark. At 12:29 IST, the barometer index, the S&P BSE Sensex, was up 397.91 points or 1.27% at 31,841.29. The Nifty 50 index rose 106.05 points or 1.15% at 9,305.10.

IndusInd Bank Ltd is quoting at Rs 461.45, up 1.56% on the day as on 12:54 IST on the NSE. The stock is down 68.75% in last one year as compared to a 17.57% slide in NIFTY and a 31.78% slide in the Nifty Bank index.

Total Operating Income rise 11.47% to Rs 21740.68 crore

ICICI Bank on Saturday (9 May 2020) said its net profit rose 26.04% to Rs 1,221.36 crore on 12.09% rise in total income to Rs 23,443.66 crore in Q4 March 2020 over Q4 March 2019.

ICICI Bank on Saturday reported a 26 per cent rise in standalone net profit at Rs 1,221 crore for the March quarter. The bank had posted a net profit of Rs 969 crore in the corresponding January-March period of 2018-19. Total income during the quarter under review increased to Rs23,443.66 crore, from Rs20,913.82 crore in the same period of the preceding fiscal, ICICI Bank said in a regulatory filing. On the assets front, gross non-performing assets (NPAs) stood at5.53 per cent of gross advances as on March 31, 2020, compared to 6.70 per cent last year. Net NPAs or bad loans were trimmed to 1.41 per cent as against 2.06 per cent.

ICICI Bank on Saturday reported a 6.91 per cent growth in March quarter net at Rs 1,251 crore on a consolidated basis, after setting aside over Rs 2,000 crore in provisions for potential impact of the COVID-19 pandemic. On a standalone basis, the second largest private sector bank's profit grew 26 per cent to Rs 1,221 crore as against Rs 969 crore in the year-ago period. For fiscal year 2019-20, it reported a 135 per cent jump in standalone profit to Rs 7,930.81 crore. From an asset quality perspective, the bank reported an improvement in gross non-performing assets (NPAs) ratio to 5.53 per cent as against 6.70 per cent in the year-ago period and 5.95 per cent as of December 2019, despite over Rs 5,300 crore in fresh slippages during the reporting quarter. ICICI Bank President Sandeep Batra said it had slippages of Rs 4,300 crore in the preceding December quarter, and the additions on this front can be attributed to two accounts -- a West Asian healthcare company and a Singaporean oil

Country's largest commercial banking entity State Bank of India (SBI) is now developing a low-cost model to compete with payments banks. "We are working out on a low-cost structure to compete with the payments banks for getting access to people ...

Ratings agency Crisil today said the upcoming payment banks (PBs) will largely focus on the underbanked areas like the East, Northeast and Central regions, and the existing lenders should not worry about them. "We do not expect them to ...

Such banks can collect deposits (initially up to Rs 1 lakh per individual), do internet banking, facilitate money transfers, and sell insurance and mutual funds

So gold notched its biggest one-day drop in 30 years. What’s next? Despite the heavy losses, broken technical levels and waves of margin calls, the options market for the yellow metal is beaming with optimism.

Two weeks after buying its first corporate bond, the Bank of England has already spent over 10% of the funds allocated to its 18 month asset-buying program.

Masayoshi Son, CEO of SoftBank, shared his insights and quoted Yoda, the Star Wars Jedi master, during a conversation with WSJ Editor in Chief Gerard Baker at the CEO Council meeting in Tokyo.

Banking boot camps have been around longer than the automated teller machine and the credit card. But the financial crisis has created big challenges for the everyday bankers. Colin Barr has details on The News Hub. Photo: Andy McMillan for The Wall Street Journal.

Banks are required to meet capital requirements in order to pass government stress tests. So what is capital, and how much is needed? WSJ's Liz Hoffman reports. Illustration: Heather Seidel/The Wall Street Journal

At a conference on the eve of the 2005-06 Budget, Planning Commission vice chairman Montek Singh Ahluwalia said he is advocating redistribution of farm subsidies into road construction and improving land use. Devinder Sharma warns that Ahluwalia continues to bank upon the World Bank's flawed understanding.

V Jagan Mohan says that Regional Rural Banks (RRBs) can be the vehicles for rural credit in a reforms era.

The newly announced country assistance strategy for India is the continuation of what the World Bank has been pushing in this country and elsewhere in the last 15 years or so years, with nothing to show for it, writes Shripad Dharmadhikary.

Non-performing assets in public sector banks have shot up by more than 400 per cent in the last five years, hitting Rs 164000 crore! Shripad Dharmadhikary summarises findings of a research report that unearths the real reasons underlying these bad loans.

In the name of housing Commonwealth Games participants for a mere 10 days, an exclusive gated community is being established on the Yamuna banks, in areas previously protected as green spaces in the heart of Delhi. Kannan Kasturi reports.

From Urban Poverty Alleviation Initiatives in India : A General Assessment and a Particular Perspective (2002), a publication of the Ramanathan Foundation.

The new vision for financial inclusion In India as unveiled by a committee appointed by the RBI could well be an effective catalyst for transforming the lives of the people, feels Shankar Jaganathan.

A Karnataka Bank branch in Mysore is the setting for a unique tale of investment - in water. The bank's senior manager devised a simple plan to allow accumulated rainwater, which was earlier just pumped out and wasted, to percolate into the earth. Shree Padre reports.

Over the years, nationalised banks have had to buckle up and polish their looks to serve new generation customers and meet stiff competition from the private sector. But the personal touch, valuable to many customers, has been lost, laments Sudha Narasimhachar a former PSU-banker.

The World Bank continues to push its agenda on water privatisation even though its much-heralded examples from recent years turned out to be such dismal failures. The result will destroy countless small farmers and hand over agriculture to the rich and corporations, says P Sainath.

The periodic floods in the Kosi basin and embankment breaches have landed the people of north Bihar in a perpetual mess. In assembly sessions, politicians discuss flood relief but seldom the cause behind the disasters, reports Surekha Sule.

Bloodbath on Dalal Street after Yes Bank crisis: Sensex down, Nifty below 11K

Equity parameters volatile in early trade, Nifty bank down by 2.7 pc

Indian banking system is safe and sound: RBI Governor Shaktikanta Das

Banks yet to act on RBI's EMI relief order, spark confusion

Equities edge higher on global cues, IT and banking stocks surge

RBI की छुट्टियों की लिस्ट के अनुसार मई में पूरे 13 दिन बैंक बंद रहेंगे. इनमें ईद, बुद्ध पूर्णिमा, मजदूर दिवस जैसे अवकाश भी शामिल हैं. आइये आपको बताते हैं मई में किस-किस दिन बंद रहेंगे बैंक.

अगर आप भी कोरोनाकाल में कैशलेस हो चुके हैं और पेटीएम (Paytm) का यूज कर रहे हैं तो ये खबर आपके लिए है.

हाल ही में वित्त मंत्रालय (Ministry of Finance) ने यूनाइटेड बैंक ऑफ इंडिया (UBI) और ओरिएंटल बैंक ऑफ कॉमर्स (OBC) का विलय पंजाब नेशनल बैंक (PNB) में करने को मंजूरी दिया था. इसके बाद इन बैंक ग्राहकों को उनके अकाउंट को लेकर कई सवाल हैं.

ICICI Bank on Saturday reported a 26 per cent rise in standalone net profit at Rs 1,221 crore for the quarter ended March 2020. The bank had posted a net profit of Rs 969 crore in the corresponding January-March period of 2018-19.

The artwork is currently on view to staff and patients on Level C of Southampton General Hospital in Britain.

Axis Bank on Tuesday reported a standalone net loss of Rs 1,387.78 crore for March quarter of 2019-20 as provisioning for bad loans and contingencies soared.

Indian markets opened on positive note taking positive cues from its Asian peers and ahead of U S Federal Reserve's decision on interest rates amid ongoing coronavirus pandemic.

The Reserve Bank in October 2018 had barred the bank from granting or renewing any loan for six months and later extended the curbs twice. The bank was allowed to continue to undertake banking business with restrictions till "its financial position improves".

The scrip closed the day at Rs 438.85, 3.67 per cent lower at the BSE. During the day, it declined 6.15 per cent to Rs 427.50.

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.

After surging 1,167 points during the day, the 30-share index settled 997.46 points or 3.05 per cent higher at 33,717.62. It hit an intra-day high of 33,887.25.

The agency affirmed the long-term issuer default ratings (IDR) of SBI and BOB at 'BBB-' and those of ICICI Bank and Axis Bank at 'BB+'.

With the lockdown in place, many banks have limited their working hours. Every second and fourth Saturday is also a bank holiday.

Dhawan will assume charge from Saturday in place of Ashish Agarwal, the current chief risk officer, who will transition to a new role in the bank.

In his opening remarks, the governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period.

The RBI said the bank is not in a position to pay its current or future depositors and has violated regulatory norms for minimum capital requirement.

Indian banks are already grappling with 9.35 lakh crore rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

The NSE Nifty 50 index was down 4.25% at 9,448.15, while the S&P BSE Sensex was 4.34% lower at 32,260.30.

The brand, whose clothes have been worn by former first lady Michelle Obama, said online sales operations, which account for more than half its revenues, will continue as normal.