Personal finance

The cancellation of registration restricts a bank from taking part in the business of non-banking financial institutions.Amid severe liquidity crunch and the aftermath of IL&FS crisis, the cancellation of NBFC registrations…
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The losses have widened because operating expenses of payments banks swelled even as their net interest income and non-interest income improved. (Image: Reuters)While the deposits collected by payments banks such as Paytm, Airtel, Jio…
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The deteriorating asset quality of PVBs in terms of the GNPA ratio is due to the reclassification of IDBI Bank Ltd as a private bank.Non-performing assets of India’s banking sector declined after seven years in FY19 but the NPA of one…
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IOB’s gross non-performing assets stood at 20 per cent (Rs 28,673.95 crore) of gross advances during the September quarter.Indian Overseas Bank(IOB) on Friday said it will get a fresh capital infusion of Rs 4,360 crore from the…
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Amit Mitra, West Bengal finance ministerWest Bengal Finance Minister Amit Mitra on Friday said the cooperative banks in the state have lent Rs 36,000 crore in the last five years and urged the lenders to extend the services in rural…
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The gross NPA ratio of banks stood at 9.3 per cent in March 2019.The gross non-performing asset ratio of banks may increase to 9.9 per cent by September 2020 from 9.3 per cent in September 2019, according to an RBIreport. The gross NPA…
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The total income had declined by 6% to Rs 5,024 crore as compared to Rs 5,348.35 crore, even as provisions had gone up to Rs 2,996.04 crore during the quarter from Rs 2,016.60 crore in the same quarter last year.Chennai-based public…
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The central government on December 26 conveyed its sanction for release of Rs 2,142 crore towards contribution of the government in the preferential allotment of equity shares of Uco Bank, the lender said in a stock exchange…
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LIC has completed 63 years since its incorporation and now manages assets worth more than Rs 31.11 lakh crore.State-owned Life Insurance Corporation on Friday paid a dividend of Rs 2,610.74 crore to the government for financial year…
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The Finance Minister along with the head of the banks held discussion with CBI director.Finance Minister Nirmala Sitharaman once again on Saturday said the bank officials that they need not worry against any ”undue harassment” from…
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