Pein, Christian, author

The bank's total revenue jumped 33 per cent YoY to Rs 1,522 crore from Rs 1,148 crore reported in Q4FY19, while its net interest income came in at Rs 1,021 crore, up 38 per cent YoY from Rs 739 crore

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Dewey Library - K758.S25 2019

The new Ubon powerbank meets basic expectations and also has a few things that are special

Wang, Wei, 1972 September-- author

Misawa, Mitsuru, 1936-

Aldohni, Abdul Karim, author

The central bank has been in touch with auditor BSR & Co., which is a part of KPMG India, over the past few months. But the central bank will now specifically look at whether the auditor had issued any warnings over the past 12 months. Officials aware of the central bank’s plans told ET that RBI officials had already held meetings with Yes Bank’s new audit committee.

“Grant Thornton has already started scrutinising documents related to transactions,” said one of the persons in the know. “The existing administrators want to make things transparent so that the matter does not impact the valuation of DHFL assets.”

The specifics of the new plan to tackle NPAs will be interesting

As per UNESCO estimates, over 154 crore students are severely impacted by closure of educational institutions across the world amid the COVID-19 outbreak.

Industry has also pitched for SPV with initial funding from govt, to help refinance small and mid-sized NBFCs

Affirms Issuer Default Ratings for seven banks including these four and Bank of India, Canara and PNB

On April 27, the RBI had introduced the Rs 50,000-crore liquidity line for the MF industry

Capital infusion to be supported by IDFC limited, ICICI Prudential Life, HDFC Life, Warburg Pincus and Bajaj Allianz

The meeting will take stock of implementation of several steps announced by the RBI, including moderation in interest rate and its transmission, as well as liquidity infusion measures for industry

Fitch has cut its forecast for India's GDP growth in the financial year ending March 2021 (FY21) to 0.8 per cent from a pre-pandemic forecast of 5.1 per cent

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

The meetings were also attended by deputy governors and other senior officers of the central bank, RBI said in a statement on its website

Depositors to get up to Rs 5 lakh under deposit insurance on liquidation

Relaxation likely on branch audit as Guv meets bankers

The number of NPA accounts rose from 2,08,035 as of March 31, 2014, to 6,17,306 as of December 2019

The RBI cancelled the licence of CKP Co-op Bank on April 28, and notified the cancelletaion on its website on Saturday. There it also said that deposits up to Rs 5 lakh are guaranteed by the DICGC

Suggestions from various quarters, including from Indian Banks' Association, have come for the further extension of moratorium and the RBI is actively considering them, according to sources.

Axis' credit costs for the quarter ended March 31, 2020 are higher than anticipated, but some of it is precautionary

The lender had psoted a pre-tax loss of Rs 2,338.31 crore in the same quarter of previous financial year

The bank saw a healthy growth of 37 per cent in its operating profit at Rs 765 crore compared to Rs 560 crore a year ago.

During March-April 2020, PSBs sanctioned loans worth Rs 5.66 lakh cr for more than 41.81 lakh accounts

Bank sets aside Rs 334 cr for expected penalty for SLR breach

In the year-ago fortnight, bank loans had stood at Rs 96.20 trillion and deposits at Rs 124.83 trillion

RBI had earlier announced a three-month moratorium on loans by banks to NBFCs.

Rana Kapoor and his family members allegedly got benefits worth Rs 4,300 crore through the companies controlled by them as kickbacks for sanctioning huge loans, the ED has alleged.

For overnight, one month, three months and six months, MCLR have been reduced to 7.40 per cent, 7.50 per cent, 7.60 per cent and 7.70 per cent, respectively.

State Bank of India, ICICI and some lenders are trying to resurrect the ‘bad bank’ plan.

The Covid-19 crisis is expected to have a heavy impact on the economy and many corporates have been cutting salaries. Some have also retrenched staff, with the unorganised sector being hit the most. The unemployment rate in India touched 27 per cent in the week to May 3, according to think-tank CMIE.

The RBI has allowed banks to extend moratorium to borrowers of term loans of all kinds for three months -- March, April and May. "SBI has taken a decision to extend the moratorium allowed by RBI to the NBFC sector which is facing severe problem of cashflow," Khara said.

The borrowers represented the micro, small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors, which was indicative of an economic revival, said finance minister Nirmala Sitharaman’s office in a tweet on Thursday.

Union Bank of India announced reduction in its MCLR up to 15 basis points across all tenors, effective May 11. Overnight MCLR has been reduced by 15 bps to 7.15 per cent from 7.30 per cent and one-month MCLR by 10 bps to 7.25 per cent.

In the previous fortnight which ended on April 10, 2020, bank credit had grown by 7.20 per cent and deposits by 9.45 per cent.

“Anyone who has not been able to pay because of the moratorium, we have taken care to not report them to rating agencies,” Yes Bank managing director Prashant Kumar said. “Customers cannot be penalised for that.”

A `Bad Bank' is being touted as the panacea for industry’s ills, yet again.

Initial investigation by the CBI into the multi-crore scholarship scam reveals a deep-rooted nexus between government officials, private institutions and public sector banks to siphon-off funds meant for poorest of the poor students. Students belonging to Scheduled Castes and Minorities were also deprived of scholarships to pursue basic education.

On the assets front, gross non-performing assets (NPAs) stood at 5.53% of gross advances as on March 31, 2020, compared to 6.70 per cent last year.

It would also be the sharpest annual contraction since 1706, according to reconstructed Bank of England data going back to the 18th Century

The BoE said Britain's economy might be on course to shrink by 25% in the three months to June and unemployment could more than double to 9% of the workforce

Longer-term investors with a three-five-year horizon have an opportunity to pick quality stocks, which in calmer times tend to trade at exorbitant valuations

Avoid banks and NBFCs with a high proportion of unsecured and small, medium enterprises loans