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14 August, 2018 9:51 AM IDBI bank Q1 net loss at Rs 2,410 crore, NPAs rise

IDBI Bank reported a wider net loss of Rs 2,409.90 crore for the first quarter ending June 2018. The loss widened from Rs 853 crore registered in the same quarter a year ago, due to a jump in non-performing assets (NPAs) and provisions. In the fourth quarter ending March 2018, the net loss stood at Rs 5,663 crore. Provisions during the quarter spiked 32

9 August, 2018 6:12 AM ICICI Bank up 8% after it issues clarification on bad loans; Morgan Stanley calls it its 'top pick in Asia financials'

Private lender ICICI Bank's share gained 8.5 percent intraday Thursday post bank clarified on the media report stating about the bad loans of the company. The bank has clarified that it has made full disclosures about its bad loans and non-performing assets (NPAs) in its annual report, investor presentations and analysts’ calls. "The bank's accounts 46

6 August, 2018 2:54 PM Indiabulls Housing Finance Hikes Home Loan Interest Rates: 5 Things To Know

Indiabulls Housing Finance said the increase in lending rates comes "with the growing cost of funds led by the raise on repo rate by the RBI. Indiabulls Housing Finance on Monday announced an increase of 20 basis points in interest rates for home loans. After the revision, the interest rates on home loans worth up to Rs 35 lakh will start at 8.7 per cent, Indiabulls 56

2 August, 2018 3:43 PM Sensex plunges over 350 points, Nifty falls below 11,300

On a net basis, foreign portfolio investors sold shares worth Rs 95.94 crore. New Delhi: The BSE Sensex fell over 350 points closing trade on heavy selling in banking, capital metal and auto stocks amid sustained capital outflows by foreign funds after the RBI yesterday hiked repo rate for the second time in two months. The 30-share index plunged 356.46 points 38

2 August, 2018 8:08 AM Bank account debited for a transaction you haven't made? Know what to do

In case of fraudulent transaction the customer must immediately notify the bank of such a transaction  within three working days. New Delhi: There has been a massive surge in customer grievances lately relating to unauthorised transactions resulting in debits to their accounts or cards. Several bank customers have reported that cash amount from their 42

1 August, 2018 3:16 AM Petrol, Diesel Prices: Check Out Fuel Rates In Metro Cities Today

On global front, oil prices fell on Wednesday after industry data showed US stockpiles of crude unexpectedly rising. Oil Marketing Companies (OMCs) kept the prices of petrol and diesel unchanged on Wednesday across four metros of the country. According to the rate chart of IOC (Indian Oil Corporation), petrol is being sold today at Rs.76.31 per litre 45

1 August, 2018 2:45 AM DBS focus: RBI views on liquidity; sees 25 bps hike

Singapore banking group DBS said it would be paying attention to the Reserve Bank of India's views on liquidity today and see a 25 bps hike in rates. The bank sees a 25 bp hike accompanied by a neutral stance triggering a small uptick in the 10-year yields followed by consolidation in a 7.65-7.80 per cent range. “We will also be paying attention to the RBI's 38

30 July, 2018 4:18 PM India Inc's external borrowing jumps 66% to $2.71 bn in Jun

India Inc raised USD 2.71 billion through external commercial borrowing (ECB) and rupee-denominated bonds (RDBs) in June 2018, up by 66.3 per cent over the same month last year, the RBI data released today showed. Indian companies had raised USD 1.63 billion from overseas sources in June 2017. The domestic firms raised over USD 2.66 billion by tapping 72

30 July, 2018 6:36 AM SBI Raises Fixed Deposit (FD) Interest Rates

State Bank of India, the largest lender of the country, has revised its fixed deposit (FD) interest rates with effect from today. FD interest rates have been revised across various tenures, amounts and for both general and senior citizens, stated SBI's corporate website, On fixed deposits below Rs 1 crore, interest rates have been raised between 46

27 July, 2018 4:05 PM India's forex reserves up $67.7 mn to $405.14 bn

India's forex reserves increased by $67.7 million to $405.143 billion for the week ended July 20, mainly due to a rise in foreign currency assets and gold reserves, RBI data showed today. The overall forex reserves had decreased by $734.5 million to $405.075 billion in the previous reporting week. In the week under review, foreign currency assets, a major 46