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Banking & financial service News
Banking & financial service
Will PNB see any ray of hope; analysts trim down ratings
Sun, May 20, 2018
Two jewellers, Nirav Modi and Mehul Choksi linked fraud of over Rs 14,000 crore has reflected in the earnings of Punjab National Bank in a very disappointing manner.
Yes bank raises $600 million for five year tenor in maiden international bond issuance
Wed, Feb 07, 2018
Yes bank has successfully completed its first ever international bond issuance.
ICICI Bank's Q3FY18 net profit declines by 32% yoy; gross NPA at 7.8%
Wed, Jan 31, 2018
Analysts at Zee Business expected the bank’s NII at Rs 5,864 crore, while net profit at Rs 1,248.50 crore in Q3FY18.
HDFC clocks three-fold yoy rise in Q3FY18 standalone PAT; to issue bonds of Rs 35,000 crore
Mon, Jan 29, 2018
A Bloomberg poll of analysts expected HDFC’s net profit at Rs 4,980 crore for Q3FY18.
Axis Bank's Q3FY18 net profit comes at Rs 726 crore; gross NPAs stable
Mon, Jan 22, 2018
A Bloomberg poll of analysts estimated Axis Bank’s net profit to come in at Rs 830 crore during the quarter.
Kotak Mahindra Bank's standalone net profit at Rs 1,053 crore in Q3FY18; gross NPAs at 2.31%
Fri, Jan 19, 2018
Kotak Mahindra Bank surpassed analysts estimates, by witnessing nearly 20% rise in it's standalone net profit during quarter ended December 31, 2017 (Q3FY18).
HDFC Banks Q3FY18 net profit rises by 20%; reports divergence of Rs 2,052 crore for FY17
Fri, Jan 19, 2018
A Bloomberg poll of experts projected HDFC Bank’s net profit to come in at Rs 4,720 crore.
RBI concerned over banks' rising exposure to sovereign bonds
Wed, Jan 17, 2018
Share of commercial banks in outstanding G-Sec was around 40%, while investment of SCBs in these bonds was about 82% of total investment by end of FY17.
SBI collects Rs 1,771 crore as charges from below minimum balance accounts
Tue, Jan 02, 2018
State Bank of India (SBI) collected Rs 1,771 crore during April-November 2017 as charges from customers who did not maintain their minimum monthly average balance (MAB) in their accounts, according to Finance Ministry data.
PNB hikes interest on term deposits by up to 1.25%
Sun, Dec 31, 2017
Public sector Punjab National Bank today announced raising interest rates by up to 1.25 per cent on domestic term deposits of up to Rs 10 crore for different tenures, effective January 1, 2018.
Sebi orders Axis Bank to probe results leak, beef up systems
Wed, Dec 27, 2017
Axis Bank has to complete the inquiry within three months and file a report to Sebi within seven days thereafter, the regulator said, after it found that the company's results for the April-June 2017 quarter were "either identical or matched closely with the figures" that were in circulation on WhatsApp prior to an official announcement.
After BoI, 9 other banks under RBI scanner for ‘corrective action’
Thu, Dec 21, 2017
Total gross NPAs in value terms of the entire banking system stood at Rs 8.38 lakh crore as on September 2017, and these ten banks together account for 34% of these total value.