Finance News - Page 19

Punjab National Bank net beats estimates, rises 10% on fall in provisioning

The bank's provisioning during the quarter stood at Rs 927.61 crore, down 13 percent from a year ago

Why RBI's flip-flop in gold loan regulation is sending confusing signals

The RBI has removed a limit which never existed in the first place

RBI cancels registration of Deutsche NBFC

Non-banking financial companies or NBFCs do not posses a banking license, but are allowed to provide banking services with the restriction of not taking deposits from the public.<br />

Apart from e-commerce, this sector got the most private equity funding in Q2 of 2014

Private equity (PE) firms invested $1,944 million across 88 deals during the quarter ended June 2014, down from the last quarter.

Which are the 'too-big-to-fail' banks of India? Here is a list of probables

The list has been prepared based on the banks' asset size, subsidiary operations and branch network

YES Bank Q1 net profit misses estimates, shares fall

The lender witnessed a marginal increase in its bad loans. Gross non-performing assets (NPAs) of the bank rose to 0.33 percent of total loans as compared with 0.22 percent in the corresponding period last year.<br />

Nifty hits new record high at 7809 but a correction can't be ruled out

NSE Nifty hit a new record high at 7,809 in morning trade lead by gains in Bank of Baroda, Punjab National Bank, SBI and ICICI Bank, while the Sensex rose 144.71 points to 26170.51 after hitting the day's high of 26188.64.<br />

Axis Bank Q1 net profit up 18.3%; bad loans rise

Total provisions of the bank stood at Rs 386.60 crore, down a sharp 46 percent from a year ago

Govt may heed MFs, amend Finance Bill to offer tax relief for debt funds

Sources said that the government is considering tax relief for debt-based mutual funds and redemptions in some schemes may even get tax relief.

After opening doors to differentiated banks, RBI now reviews Islamic banking norms

The central bank has set up an internal committee to examine Islamic banking regulations

MCX deal: How Kotak and FTIL are making the most of truncated stakes on offer

For every solemn law, there is a loophole. Mutual back scratching on the stealth is the name of the game.

HDFC Q1 net profit up 15%; Deepak Parekh says merger with HDFC Bank only at right time

Reacting to the robust numbers shares of HDFC were up 3.15 percent at Rs 1012 on the BSE

Explained: HDFC Bank merger with HDFC does not make great economic sense

Some of the hurdles for merging HDFC and its bank are gone with the relief given from CRR and SLR requirements. But an immediate merger wouldn't deliver benefits beyond size and valuations

HDFC Bank Q1 net up 21%; all eyes on state-run banks

A clearer picture will emerge only after larger state-run banks announce their earnings

HDFC Bank Q1 net profit up 21% on year; provisions up on quarter

HDFC Bank, the country's second largest private sector lender, today disappointed with lower than expected rise in net profit.

Easy money or security risk: Why India needs to re-evaluate Islamic banking

Those against it argue that allowing Islamic banking could encourage some of the fundamentalist elements in West Asia to find ways to use Islamic banks to funnel cash for unlawful activities.

Why the BRICS bank is a signal of reform of the old economic order

The BRICS New Development Bank is not just a bank. It is another signal that the node of economic power is shifting away from the west, and will impact all post-war political and economic institutions

Modi to unveil comprehensive financial inclusion schemes on 15 Aug. Here's a sneak peek

Modi's new comprehensive financial inclusion programme has three major shifts from the one pursued by the previous government.

As RBI opens floodgates, get ready for a Railway Bank, or an Airtel Bank

The RBI has opened not just a window, but several doors for new banks. They will be differentiated, and potentially help bring down banking costs as they threaten the existing bank oligopolies.

NBFCs keen to become smaller banks but here's what's proving to be a turn-off

The proposed payment banks are mainly transactional banks, while smaller banks, as the name suggest, will cater to tiny companies and small value customer segment.<br />

Why India Post shouldn't miss the chance to be a payments bank

The Postal department has been fighting hard to enter the banking space, but has consistently failed to do so, caught up in a bitter, long-drawn battle with the finance ministry. Part of the reason why Postbank wants to become a bank is improving its financial prospects.

NextGen banking: smaller, niche banks can change India's financial landscape

Entry of payments banks and smaller banks, in simple words, would mean the birth of a new generation of banks in Asia's third largest economy, which will undertake specific banking activities.

Smaller private banks' profits show bad loans may be declining, but don't cheer just yet

All of the smaller lenders have benefited from a drop in provisions arising out of decline in bad loans.

Fall in loan recast in June doesn't mean 'achhe din' are here for banks. Here's why

We may be still at least two quarters away from a point when one could say that the worst is over

L&T Finance offer for sale kicks off; shares fall 4%

The floor price of the offer for sale has been kept at Rs 70 per share