Banking News Update

[...] Andhra Bank has recovered about Rs200 crore non-performing assets (NPAs) in the last three months. “Both [...]

[...] Andhra Bank has almost got a new lease of life and there is no merger threat for the bank for now. The [...]

[...] Andhra Bank will consider issue of equity shares by way of preferential allotment to Government of India to [...]

[...] Andhra Bank Officers’ Union has on Thursday said any proposal to merge Andhra Bank with other banks will be contested in all possible ways. Responding to news on the threat to [...]

[...] Pappachan Group, on Tuesday launched its Business Correspondent operations in the country with Yes Bank. The launch is pursuant to the agreement signed nearly two months ago between the two financial [...]

[...] Private sector lender YES Bank is planning to hire between 1,500 and 2,000 people in the next one year in sync with its retail [...]

[...] Indian lender Yes Bank is the main suitor in the race for Deutsche Asset Management (India) Pvt. Ltd's mutual fund [...]

[...] Private sector lender YES Bank has signed a memorandum of understanding (MoU) with the Overseas Private Investment Corporation ( [...]

[...] interest margin improved to 3.46 per cent in Q3FY15 compared with 3.32 per cent in Q3FY14. Total advances, deposits Total advances increased 13 per cent year-on-year to Rs. 3.75 lakh crore as on [...]

[...] last year. Gross net performing assets (NPAs) worsened to 5.61 per cent (as a percentage of total advances) as on December 31, 2014 as compared to 2.96 per cent as on December 31, 2013. Net NPA ratio [...]

[...] cent year-on-year (up 22.5 per cent sequentially) to Rs. 5,235 crore. As of December 2014, total advances grew 7 per cent year-on-year to Rs. 12.33 lakh crore while deposits were up 12 per cent to Rs. [...]

[...] the asset quality front, gross non-performing asset (NPA) ratio improved to 0.97 per cent of total advances as on December 2014 compared with 1.1 per cent as on December-end 2013. ING Vysysa Bank deal [...]

[...] could mislead depositors since it sounds as if it is an affiliate of forming loans (NPAs) or bad loans are high," said another official aware of the issue. State Bank of Sikkim's managing [...]

[...] profit at Rs. 334 crore, in the October-December quarter of FY15 due to hike in provisions for bad loans, higher expenses and decline in margins. The public sector lender had reported a net profit of [...]

[...] in net profit at Rs. 655.92 crore for the quarter ended December despite an increase in bad loans. The Bangalore-based lender had posted a net profit of Rs. 409.35 crore for the October- [...]

[...] , while total income during the period grew 1.5 per cent to Rs. 5,387 crore. Provisions for bad loans increased by nearly 15.6 percent year-on-year to Rs. 644 crore in the quarter ended December [...]

[...] of Rs 145.7 crore as against Rs 167.3 crore in the corresponding year-ago quarter. The net interest income (the difference between interest earned and expended) grew 18.1 per cent during the quarter [...]

[...] period of the previous fiscal, on higher provisioning and employee costs. Net interest income stood at Rs.302.05 crore (Rs.271.50 crore), and other income at Rs.162.83 crore (Rs. [...]

[...] corresponding quarter of the previous year. This was driven by a 9.81 per cent growth in net interest income at Rs.1,086 crore (Rs.989 crore), strong growth in other income, and a decrease in [...]

[...] of net NPA ratio stood at 1.89 per cent as against 66.08 per cent last year. Net interest income increased 7.19 per cent to Rs.1,668.98 crore from Rs.1,557.04 crore and net interest [...]