Moody’s upgrades Cyprus 1 notch to Ba2 on banking recovery
12 Hours Ago,28 Jul, 2018
ATHENS, Greece— International agency Moody’s has raised Cyprus’ credit rating by one notch to Ba2 because of the ongoing recovery of the island-nation’s banking sector and its strong economic growth and fiscal surplus. The upgrade puts Cyprus just two notches below investment grade. Moody’s said in a statement Friday the take-over of the troubled,…
ICICI Bank Surprises Analysts With Rs. 120 Crore Loss In Q1
Thomson Reuters | Friday July 27, 2018
ICICI Bank’s gross bad loans as a percentage of total loans was 8.81 per cent at the end of June.
Public sector banks could become game-changers this year: Ajay Bagga
“20% earnings growth for top companies put together on a consolidated basis this year looks nice.” 28 Jul, 2018, 10.47AM IST
Paytm shifts payments bank CEO Renu Satti to new COO role
This is the second time that the corner office at the payments bank has fallen vaca…28 Jul, 2018, 08.23AM IST
ICICI Bank reports first quarterly loss at Rs 120 crore
Provisions for bad loans more than doubled to Rs 5,971 cr in June quarter.28 Jul, 2018, 08.14AM IST
Dalal Street is seeing a Fifth Wave: Does it really augur well for the ongoing rally?
28 Jul, 2018, 09.59AM IST
Only 54 per cent of the total stocks are trading above their 200 DMAs.
BoB Q1 net more than doubles to Rs 528 crore
28 Jul, 2018, 08.01AM IST
Despite a sharp rise in earnings, the bank has seen a marginal rise in the share of bad loans.Sensex, Nifty hit new highs on strong Q1 earnings, growth outlook
28 Jul, 2018, 07.50AM IST
The index has now made a lifehigh eight times in July and 21 times so far in 2018.Last-minute rush to get clearance for Patanjali park
28 Jul, 2018, 07.19AM IST
The Patanjali project is among the three mega food parks that the Central government sanctioned for UP in March this year.Bhushan Power lenders plan to call fresh bids
28 Jul, 2018, 08.41AM IST
JSW’s offer is higher than that of Tata Steel which had emerged as a preferred bidder over second-placed rival Liberty House.US economy records the fastest growth since 2014
28 Jul, 2018, 09.36AM IST
Share market update: Axis Bank, ICICI Bank jump 2%, keep private bank index up
27 Jul, 2018, 10.39AM IST
The Nifty Private Bank index was trading 0.54 per cent up at 15,464 around 10:40 am.ICICI Bank ticks up ahead of Q1; what to expect
27 Jul, 2018, 01.59PM IST
Morgan Stanley expects loan growth to be broadly stable at around 10 per cent YoY.Bank of Baroda Q1 profit more than doubles to Rs 528 crore; provisions slump
27 Jul, 2018, 05.44PM IST
Interest earned for the quarter rose to Rs 11,639.88 crore from Rs 10,552.71 crore last year.Bank stocks lead indices to new highs
27 Jul, 2018, 08.59AM IST
Both the Nifty and the Sensex gained for the fifth consecutive session.
Tilaiya project: High Court seeks government’s stand on releasing Reliance’s bank guarantee
27 Jul, 2018, 05.01PM IST
The court made it clear that the Centre has to file one affidavit, saying piecemeal affidavits would not be accepted.
Brokerages say ‘yes’ for YES Bank post Q1
27 Jul, 2018, 12.01PM IST
The bank had reported a net profit of Rs 965.52 crore in the same quarter of last fiscal.
ICICI Bank reports Q1 loss at Rs 120 crore as provisions more than double to Rs 5,971 crore
27 Jul, 2018, 05.58PM IST
Provisions of the private sector lender jumped 128.86 per cent YoY to Rs 5,971 crore in June quarter.
Buy Allahabad Bank, target Rs 48: Manas Jaiswal
27 Jul, 2018, 08.50AM IST
Buy Allahabad Bank at a price target of Rs 48 and a stoploss at Rs 43 from entry point.
Buy Indian Bank, target Rs 361: Dr CK Narayan
27 Jul, 2018, 08.47AM IST
Buy Indian Bank at a price target of Rs 361.0 and a stoploss at Rs 346 from entry point.
Companies may have to store copy of personal data within the country
28 Jul, 2018, 06.59AM IST
The issue of data localisation could mean huge business growth for companies such as Microsoft, Amazon Web Services and Google which have established servers in India.
Stock market update: PSU bank stocks bullish; PNB, SBI surge up to 4%
27 Jul, 2018, 10.29AM IST
The Nifty PSU Bank index was trading 2.36 per cent up at 3,169 around 10:30 am.
YES Bank net profit jumps 31 per cent in Q1 as income rises
27 Jul, 2018, 09.34AM IST
Net interest income grew 23 per cent to Rs 2,219 crore driven by a strong 53 per cent growth in advances as retail loans doubled
US SEC questions ICICI Bank on governance, accounting
26 Jul, 2018, 08.16PM IST
The SEC’s queries centered on ICICI’s dealings with certain borrowers under CEO Chanda Kochhar.
RIL, ICICI Bank, HCL Tech and Hindalco among top stocks to track today
27 Jul, 2018, 08.03AM IST
Here is a list of buzzing stocks that you should be watching on Dalal Street during the day.
Non-PCA government banks top loan book
26 Jul, 2018, 01.47PM IST
Banks have been put under the watch list because of their weak operational and financial metrics.
Stock market update: Private bank stocks mixed; ICICI Bank rises 2%
26 Jul, 2018, 10.55AM IST
The Nifty Private Bank index was trading 0.55 per cent up at 15,328 around 10:55 am.
Share market update: PSU bank stocks bullish; Canara Bank, BoB, SBI surge up to 5%
26 Jul, 2018, 10.46AM IST
The Nifty PSU Bank index was trading 3.67 per cent up at 3,044 around 10:45 am with all components in the green.
Canara Bank rallies 6% even as NPAs swell
26 Jul, 2018, 11.37AM IST
The stock rose 5.71 per cent to hit a high of Rs 272.40 on the BSE.
Open-ended warrant issued against Nirav Modi in ED case
27 Jul, 2018, 09.16PM IST
Enforcement Directorate (ED) had moved the court for an open-ended NBW against them, saying the previous warrant could not be executed in time and it expired yesterday.
Private banks show interest in funding highway projects under PPP mode
26 Jul, 2018, 03.05PM IST
Under PPP model, the concessionaire has the responsibility to tie up the funds from the banks/financial institutions.
DBS Bank’s FY18 net loss at Rs 533 crore
26 Jul, 2018, 01.22PM IST
DBS reported a Rs 533-crore net loss in the year ended March 2018 versus a Rs 13-crore profit a year earlier.
Govt bonds slip, call rates rule steady
27 Jul, 2018, 09.29PM IST
The 7.17 per cent 10-year benchmark bond maturing in 2028 declined to Rs 95.97 from Rs 96.10.
Despite poor financials, PSU banks still kings on deposits
26 Jul, 2018, 12.45PM IST
Public sector banks have held on to their dominance in deposits, leaving private banks far behind.
IPPB looking at two way linkages for customer acquisition
27 Jul, 2018, 06.22PM IST
`We are looking at two way linkages. We are also helping IPPB customers open an India Post account so that he can deposit excess funds over Rs one lakh in the post office savings account” said Suresh Sethi, MD and CEO of the bank.
Government banks on international trade, GST, insolvency reforms to improve doing business rank
26 Jul, 2018, 07.58PM IST
Last year, India jumped 30 positions to become the top 100th country in terms of ease of doing business.
Buy State Bank of India, target Rs 280: Manas Jaiswal
26 Jul, 2018, 08.59AM IST
Buy State Bank of India at a price target of Rs 280.0 and a stoploss at Rs 267 from entry point.
Anil Agarwal to raise up to $1.1 billion from foreign banks
26 Jul, 2018, 07.58AM IST
Vedanta has also availed a credit facility of Rs 3,500 crore after it acquired debt-laden Electrosteel in bankruptcy settlements.
Tech view: Nifty forms small bullish candle; Bank Nifty signals more gain
26 Jul, 2018, 05.19PM IST
Analysts are positive, thanks to a breakout on Bank Nifty. They now see target of 11,241.
RCom requests Supreme Court to quash insolvency process, allow asset sale
27 Jul, 2018, 11.00PM IST
The Anil Ambani-owned telco told the top court that the value of its assets is getting eroded if these clauses are not removed since buyers are unwilling to go ahead otherwise.
Cash crunch, RBI rate hike risks send India funds to shorter debt
27 Jul, 2018, 08.51PM IST
Kotak Mahindra AMC and Mirae are seeking refuge in debt maturing in less than five years.
AMC in the works to help PSU banks offload non-core assets
25 Jul, 2018, 11.21PM IST
The AMC would take over the asset, determine a valuation and sell it through a bidding process, one official said. “The proposed AMC will charge a small fee from the lender.
PNB Metlife files IPO papers with Sebi
27 Jul, 2018, 09.32PM IST
The offer is of up to 49,58,98,076 shares of face value of Rs 10 each by way of an offer for sale.
Arunachal Pradesh State Cooperative Apex Bank to launch 200 micro-ATMs
25 Jul, 2018, 09.42PM IST
Micro ATM is a mini version of an ATM with modified point of sales terminals. This terminal can connect to banking network via GPRS to perform banking transactions.
Forex reserve rises by $67.7 million to $405.14 billion
27 Jul, 2018, 09.20PM IST
Gold reserves increased for second consecutive week, up $24.9 million to $21.140 billion.
F&O: Chart patterns show bulls have a tight grip on the market
27 Jul, 2018, 04.52PM IST
Nifty needs to continue to hold above 11,200 to extend move towards 11,350 and 11,400 levels.
Government’s nod awaited to start WhatsApp payment feature in India: Mark Zuckerberg
27 Jul, 2018, 07.07PM IST
CEO Mark Zuckerberg said the company has been testing the payment feature on WhatsApp in India for some time.
State-run banks to retain loan market share at 51% medium term
25 Jul, 2018, 08.03PM IST
As per a report, the asset quality for all state-run banks is expected to improve over next couple of years.
Vijaya Bank’s NPAs could fall below 3% by March: RA Sankara Narayanan
26 Jul, 2018, 08.24AM IST
We hope to achieve a growth of 20% in credit, profits and overall business, Narayanan said.
HDFC Bank to prefer ADRs to raise funds
25 Jul, 2018, 08.46AM IST
Each ADR is likely to represent three equity shares of HDFC Bank.
After Market: Movers & shakers of Friday’s no-looking-back rally
27 Jul, 2018, 05.26PM IST
Here’s a quick rundown through the top newsmakers of Friday’s session.
Canara Bank reports 12% rise in Q1 net profit
25 Jul, 2018, 05.47PM IST
The remaining losses of 4.53 billion rupees will be distributed over the next three quarters, Canara Bank said.
YES Bank Q1 profit jumps 31% YoY to Rs 1,260 crore; provisions rise 2-fold
26 Jul, 2018, 02.16PM IST
Net interest income (NII) increased 22.67 per cent YoY to Rs 2219.14 crore in Q1FY19.
Share market update: YES Bank, Axis Bank weigh on Nifty Private Bank index
24 Jul, 2018, 10.15AM IST
The Nifty Private Bank index was trading 0.15 per cent up at 15,319 around 10:15 am.
Broader market has good upside potential, not so much Sensex, Nifty: Neeraj Dewan, Quantum Securities
27 Jul, 2018, 04.09PM IST
Mid, smallcaps have started to participate in overall rally, says Dewan, Director, Quantum Sec.
Nikkei ends higher; eyes on global trade, BOJ meeting
27 Jul, 2018, 02.44PM IST
The benchmark Nikkei share average hit a one-week closing high of 22,712.75, and ended the week 0.56 pct firmer.
Moody’s places IDBI Bank’s long-term ratings for upgrade
25 Jul, 2018, 01.20PM IST
The outlook for both the entities has been changed to ‘ratings under review’.
Indian bonds set to outshine emerging market peers: Nomura AMC
27 Jul, 2018, 02.13PM IST
India’s benchmark 10-year yield has climbed to the highest level since 2014 last month.
REIT route to bank recapitalisation
24 Jul, 2018, 09.53AM IST
Banks could sell of these assets into a REIT, for which they would receive purchase consideration.
Buzzing stocks: ITC, Idea Cellular, PNB, SBI, Biocon
27 Jul, 2018, 10.14AM IST
ITC was leading the pack of most active stocks in value terms too.
Housing downturn puts $20 billion in bank loans at risk
25 Jul, 2018, 11.21AM IST
Developers, including Jaypee Infratech Ltd. and Unitech Ltd., have been taken before courts by irate homeowners and creditors.
Banks could be on the verge of the greatest of escape acts
24 Jul, 2018, 11.39PM IST
Long under the weather, industrial and banking activities in India finally look ready for a takeoff.
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