BofA Securities downgrades SBI, 3 other lenders
The brokerage has cut earnings estimates on banks by up to 90 per cent .
YES Bank says NPA troubles to continue in FY21; CEO-designate confident of surviving storm
The bank witnessed withdrawals of over Rs 72,000 c...
We are financially strong and well-capitalised: IndusInd Bank
Private sector lender IndusInd Bank has said it is financially strong, well-cap...
Yes Bank: ED summons top corporate honchos for questioning this week
DHFL CMD Kapil Wadhawan, recently arrested by the ED in another case, has also been called for questioning apart from Reliance Group Chairman Anil Ambani who has been called on March 19 at the Enforcement Directorate office in Mumbai, they said.
Yes Bank co-founder Kapoor's ED remand extended till March 20
The former MD and CEO of private lender Yes Bank, Rana Kapoor was arrested by the ED here on March 8 under provisions of the PMLA. As his remand ended on Monday, Kapoor was produced before special PMLA court judge P P Rajvaidya, who extended his ED custody till March 20 on a plea by the central investigating agency.
Punjab & Sind Bank declares NPA account Fairdeal Supplies as fraud
The bank is in the process of filing of a complaint or FIR with the Central Bureau of Investigation, it said.
Lakshmi Vilas Bank bets on gold biz, MSMEs for business revival
Lakshmi Vilas Bank has adopted a strategy to conserve whatever capital it has ahead of the fiscal-year end.
PNB plans aggressive recoveries to contain gross NPA below 12%
PNB is banking on resolutions of Essar Steel and Bhushan Power & Steel for reduction of NPAs.
Federal Bank says well capitalised, asset quality healthy
Federal Bank on Friday said its asset quality is healthy and the capital adequacy is much above the regulatory requirement, amid broader concerns triggered by the Yes Bank crisis.
Yes Bank borrowers loaned to 78 cos with Rana Kapoor links: ED
The Enforcement Directorate (ED) said loans worth Rs 20,000 crore sanctioned by Yes Bank when cofounder Rana Kapoor was at its helm had turned NPAs.
FY21 to be tough for IndusInd: Brokerages
IndusInd’s earnings in FY21 will be depressed by high credit costs and a weaker topline; we expect a recovery from FY22, said Jefferies.
PNB puts up for sale 11 NPA accounts to recover dues of Rs 1,234 crore
The lender has invited bids from asset reconstruction companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA accounts.
Rana Kapoor: The fall of one of India's most promising bankers
Even as the RBI was planning a rescue, founder Rana Kapoor was being investigated for money laundering.
Dozen shell firms, 44 costly paintings and Rs 2000 crore investments of Rana Kapoor under ED scanner
The Kapoor's linked firm, DoIT Urban Ventures (India) Pvt Ltd, is alleged to have received the funds when Yes Bank had a exposure of more than Rs 3,000 crore loans to DHFL, already being probed for purported financial irregularities and diversion of funds.
IndusInd Bank Q4 results: Profit falls 16% YoY to Rs 302 crore, misses estimates; provisions spike 56%
Analysts in an ET NOW poll had projected the number at Rs 400 crore.
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