Personal finance

The warning message says that the banks are liable to pay customers only up to Rs 1 lakh in case the bank undergoes liquidation. (Image: Reuters)Depositors are worried. They are concerned about keeping their hard-earned money in a bank…
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Also, the shareholding of the government also increased to 83.19 per cent from 75.41 per cent in the previous quarter.State-owned Punjab National Bank (PNB) on Tuesday reported a profit of Rs 507.06 crore for the second quarter ended…
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For the three months to September in FY20, a sharp increase in bad loans, higher provisions and one-time deferred tax assets (DTA) dented YES Bank’s earnings.YES Bank’s MD & CEO Ravneet Gill said that unfortunate circumstances that…
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However, factors such as muted economic growth, lower working capital requirements of various borrowers, as well as risk aversion among lenders, have compressed incremental credit in first half of the current fiscal, it said.Growth in…
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The finance ministry has effected upfront release of capital to PSBs, with Rs 60,314 crore being infused in banks in September 2019 through recapitalisation bonds, including Rs 4,557 crore in IDBI Bank.The finance ministry on Thursday…
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IndusInd Bank’s balance sheet was at Rs 23,000 crore at the time Sobti joined the bank, which has now grown to Rs 2.78 lakh crore.Private-sector lender IndusInd Bank on Thursday said the board of directors of the bank has finalised a…
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Elaborating on the way ahead, Gill said a board committee on capital raising will be meeting next week to consider both the binding proposal and also the other ones which it has.Private sector lender Yes Bank is aiming to finish a USD…
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The bank has been taking cues from the markets as it looks at what rates the bigger banks are setting their reserve prices for selling their bad loans.State-run lender United Bank of India has been able to sell as many as seven…
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Last week, State Bank of India (SBI) said that it has not taken the impact of the DTA reversal in its September-quarter results and would recognise it later.By Hariprasad RadhakrishnanPublic-sector banks (PSBs) are talking to the Reserve…
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Total advances grew by Rs 1,247 crore from Rs 48,141 crore to Rs 49,388 crore.Karur Vysya Bank (KVB) has reported a net profit of Rs 63.33 crore for the September quarter of FY20 compared to Rs 83.74 crore a year ago, registering a…
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