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1-10 results from 1000 for query «bank»

24 May, 2018 4:50 PM City Union Bank Q4 net rises 18%

City Union Bank reported a 18% growth in net profit to ₹152 crore for the fourth quarter ended March 2018, from ₹129 crore in the same quarter the previous year. Operating profit rose 19% to ₹294 crore (₹248 crore). Net interest income increased 18% to ₹368 crore (₹311 crore). Gross NPA (non-performing assets) stood at ₹857 crore or about 3.03% of gross 23

24 May, 2018 4:39 PM Bank credit grows at 12.64%, deposits at 7.61%

Mumbai: Banks' credit grew by 12.64 percent year-on-year to Rs 85,51,099 crore in the fortnight ended May 11, 2018, according to an RBI data. In the similar fortnight ended May 12, 2017, banks' advances stood at Rs 75,90,941 crore. In the previous fortnight ended April 27, 2018, bank credit had increased by 12.61 percent to Rs 85,38,570 crore, from Rs 75,82,391 crore 25

24 May, 2018 4:39 PM Govt appoints non-executive chairpersons at 3 PSBs

New Delhi: The finance ministry on Thursday appointed non-executive chairpersons at Punjab and Sindh Bank, Dena Bank and Central Bank of India, as part of its agenda to reform public sector banks. Public sector banks (PSBs) have been plagued by mounting bad loans and massive losses. Several scams, including the USD 2 billion fraud at PNB, too have been unearthed 33

23 May, 2018 6:16 AM Tata Steel acquisition of Bhushan Steel helps YES Bank recover ₹184 cr. debt

It filed a claim for ₹325 crore in this case. YES Bank said it had recovered 184 crore in debt following the sale of Bhushan Steel Limited to Tata Steel Limited under the recently-concluded NCLT (National Company Law Tribunal)/ Insolvency and Bankruptcy Code (IBC) proceedings. Earlier, it recovered 32 crore through sale of pledged shares. Thus, it recovered 33

22 May, 2018 8:08 PM CBI records Rabri’s statement in money laundering case

Lalu Prasad was present; no other family member questioned A team of Central Bureau of Investigation officials on Tuesday recorded the statement of former Bihar Chief Minister Rabri Devi in connection with an alleged money laundering case involving a cooperative bank run by a close aide of RJD chief Lalu Prasad. A huge amount of high-value currency notes 81

22 May, 2018 4:55 PM Andhra Bank posts Rs 2,636 cr loss for Quarter ending Mar 31

Public sector lender Andhra Bank today said it suffered Rs 2,636 crore loss for the quarter ended March 31 2018 due to higher provisioning for bad loans. The bank made a profit of Rs 35 crore during the same quarter in FY 17, it said in a press release. The total income was down by six per cent to Rs 5,093 crore against Rs 5,425 crore in January-March 35

22 May, 2018 12:20 PM OnePlus 6 goes on sale today for everybody: Everything you need to know

Yesterday, Amazon launched the OnePlus 6 in India only for its Prime members. At the same time, the phone was also made available through OnePlus pop-up stores that the company had setup in eight cities across the country. Starting today however, the phone will be available for everybody on Amazon, and other OnePlus authorized stores. In addition, the OnePlus 56

22 May, 2018 10:35 AM SBI posts Q4 net loss of Rs 7,718 crore on higher bad loans

New Delhi: The country's largest lender SBI on Tuesday posted a standalone net loss of Rs 7,718.17 crore for the March quarter due to higher non-performing assets (NPAs). The bank had reported a net profit of Rs 2,814.82 crore in the corresponding period of 2016-17. Sequentially, the loss widened from Rs 2,416.37 crore in the third quarter ended December 39

21 May, 2018 7:05 AM Bhushan Steel's buyout to reduce PSB NPAs by Rs 35,000 crore

New Delhi: The acquisition of debt-laden Bhushan Steel, under the Insolvency and Bankruptcy Code (IBC) framework, will reduce bad loans of PSBs by Rs 35,000 crore, Financial Services Secretary Rajiv Kumar today said. "IBC transforming credit culture in NewIndia. About Rs 35,000 crore reduction of NPAs of PSBs in Bhushan Steel case. Reduction of NPAs in individual 36

21 May, 2018 5:45 AM 147 stocks hit fresh all-time highs in May; should you buy now?

As many as 129 stocks on the BSE hit a fresh all-time lows in May. The Sensex, which slipped nearly a percent in May, failed to close above its crucial support placed at 35,000. It reversed its gains on May 15 after hitting an intermediate top placed near 35,993, but plenty of stocks managed to hit fresh all-time highs on the BSE. The proportion of stocks 74