Page 9 - Abhijit Lele

Reserve Bank of India releases PCA framework for urban cooperative banks

The new framework will be applicable to UCBs with deposits above Rs 100 crore

Canara Bank plans to open 250 branches to boost Casa deposits: MD & CEO

CEO says bank has cushion to manage RBI's tighter liquidity coverage norms

Canara Bank's Q1 net rises 10.5% to Rs 3,905 cr; NII expands 5.7%

NIMs under pressure; dip by 15 bps to 2.90%

Avoid extra loans to borrowers with over Rs 200,000 MFI exposure

The enhanced guidelines must be issued to lending institutions to protect the interests of the microfinance sector and specifically its clients

DCB Bank Q1 results: Net profit increases 3% to Rs 131 cr; NIM's moderate

The provision coverage ratio (PCR), including written-off accounts, stood at 76 per cent in June 2024 as against 77.07 per cent a year ago

Bajaj Finserv Q1 results: Net profit increases 10% to Rs 2,138 crore

Cumulative losses from emerging businesses; Bajaj Finserv Health, Bajaj Finserv Direct and Bajaj AMC were Rs 119 crore as against Rs 82 crore in Q1 FY24

RBI revamps regulatory framework for domestic money transfer services

The changes in the current framework have been made based on recent review of various services for payments transfer

Bajaj Finance Q1 FY25 results: Consolidated net rises 14% to Rs 3,912 crore

Loan losses & provisions up 69% on muted collection efficiencies

IDBI Bank Q1 results: Net profit up 40% on sharp dip in provision, taxes

NII down 19% year on year

UCO Bank Q1 net profit more than doubles to Rs 551 cr on improved NIMs

QIP likely in Q2 or Q3 for capital raise

Poonawalla Fincorp top deck sees rejig, 5 seniors opt for early retirement

The NBFC has informed the exchanges that its five senior management personnel (SMP) have sought early retirement, while announcing the replacement

Kotak Mahindra Bank hires GT Bharat as external auditor to review IT system

The private sector lender has also beefed up internal teams to fix issues and tone up the working of the systems

Kotak Mahindra Bank Q1 results: Net profit up 79% at Rs 7,448 crore

Kotak Mahindra Bank Q1 results: The bank's deposits grew by 21 per cent Y-o-Y to Rs 4.35 trillion at the end of June 2024

L&T Finance planning to resume retail bond issuance in H2FY25: CFO Joshi

Firm stepping up borrowing through Commercial Paper to make the most of soft interest rates

L&T Finance Q1 results: Consolidated net up 29% on healthy margins, fees

Its NIM plus fees and other income improved by 144 basis points to 11.08 per cent in Q1FY25 from 9.64 per cent in Q1FY24, LTF said in a statement

Bank of Baroda, BoM launch deposit schemes to fund credit demand

SBI to follow suit with 444-day plan at 7.25%

India's outward FDI rises to $2.14 billion in June, shows RBI data

Outward FDI was $3.16 billion in April-June 24

BoM Q1 results: Net up 46.64% to Rs 1,293 cr on healthy NII growth

Mulls to raise upto Rs 10,000 crore through Infrastructure bonds

SBI hikes MCLR by up to 10 bps, customer loans likely to become costlier

SBI executives said this revision is part of the process to pass on the increase in cost of funds to borrowers and protect margins

Tata Power steps up efforts to rejig debt, working capital measures

As of March 2024, Tata Power's consolidated debt stood at Rs 49,480 crore