Forex reserve rises $58 million to record high of $461.21 billion
In the previous week, the reserves had increased by $3.689 billion to $461.15 billion.
Avendus Capital: An unlikely success story of homegrown investment bank
For Avendus, the IL&FS default and the ensuing chaos in the country’s...
Suspected big bank fraud cases to be vetted by panel before probe
The panel will function as the first level of examination for all alleged c...
UCBs asked to report exposures above Rs 5 crore
The central bank has issued detailed guidelines for reporting such exposure by UCBs to the CRILC (Central Repository on Information on Large Credits) every quarter. Banks need to submit the data on large exposures within 30 days from the end of the quarter through the XBRL reporting platform of the Reserve Bank of India (RBI).
Banks loan growth at 7.5% in fortnight to Jan 2: RBI data
In the previous fortnight ended December 20, credit had grown by 7.10 per cent to Rs 99.47 lakh crore and deposits had increased by 10.09 per cent to Rs 130.08 lakh crore. On a year-on-year basis, banks' credit growth slowed to 7.2 per cent to Rs 86.73 lakh crore in November 2019 from 13.8 per cent to Rs 80.93 lakh crore in the year-ago period.
RBI asks UCBs to report large accounts data almost with immediate effect
The detailed guideline stipulate that the reporting frequency of the CRILC (Central Repository on Information on large Credits)– UCBs return is quarterly to start with.
Share market update: Bank shares slip; Yes Bank dips 3%
The Nifty Bank index was trading 0.71 per cent down at 31626.60.
Arjun Maini’s den reserved for PlayStation bouts, movies
The F2 race driver's den has posters of Ayrton Senna and Michael Schumacher up on the walls.
Rs 7,200-crore scholarship plan for reserved class
Proposal is for class 9 to postgrad students of OBC, SC, Denotified tribe, EBC categories. Centre also proposes to link senior citizens with the scheme in the role of mentors, tutors. Both plans were considered at the review meeting of the sectoral group of secretaries chaired by Prime Minister Narendra Modi earlier this month.
YES Bank rises 4%; lender says efforts being made to strengthen bank
YES Bank has been battling liquidity issues and an accumulation of toxic assets in its kitty.
HDFC Bank Q3 results: Profit surges 33% YoY to Rs 7,416 crore; firm beats Street estimates
HDFC Bank’s third-quarter profit beat Street estimates supported by higher other income.
Bank of America beats on bond trading boost, loan growth
Bank of America reported a 25% rise in bond trading revenue, although that was far short of the 86% surge at JPMorgan Chase and Co and a 49% jump at Citigroup Inc.
HDFC Bank PAT grows on other income, asset quality weakens: Key Q3 takeaways
Net non-performing assets (NNPAs) were at 0.48 per cent of net advances for the Dec quarter.
PMC Bank scam: HC sets up panel for sale of HDIL assets
The court said the committee shall first value and sell the encumbered properties of HDIL and if there is any shortfall towards repayment of dues, then the properties owned by Wadhawans shall be sold.
Not averse to allowing JSPL to transport iron-ore from Sarda Mines, says Supreme Court; reserves verdict
A bench of Chief Justice S A Bobde and Justices B R Gavai and Surya Kant said it would pass a detailed order in the case filed by the Odisha government against the high court order which had allowed transportation of iron ore. The bench said it was not averse to allowing transporting of iron-ore but all the necessary dues and royalty payable be paid.
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