News Muncher - searching for bank

4 days, 14 hours ago

Bank Has Right Of General Lien Over All Securities Of Customer In Ordinary Course, Unless Agreement Says Otherwise: Rajasthan HC Reiterates

Live Law

Referring to the decision of the Supreme Court in Syndicate Bank v Vijay Kumar & Ors., a division bench of Justice Pushpenda Singh Bhati and Justice Munnuri Laxman said," it is clear that it is judicially recognized the valuable right of banks i.e. In doing so the court set aside an order of the single judge directing Canara Bank to …

Security General Court Balance Bank Loan Right

1 month ago

NPA Staffer Duped, Conmen Attempts to Compromise

Deccan Chronicle

Hyderabad: A 27-year-old employee working in the health department of Sardar Vallabhbhai Patel National Police Academy fell victim to the cybercrime, losing Rs.1.17 lakh after he downloaded a fake application using an APK file. Though the fraudster sought the details of his credit card, the victim gave the details of his wife’s bank account. Subsequently, the fraudster asked the victim …

Victim

1 month ago

Microfinance meltdown: Five stocks that could come out on top

Live Mint

The microfinance sector is facing a severe downturn, with every small finance bank and non-banking finance company involved in microlending seeing declines of 30-50%. Equitas Small Finance Bank estimates that around 50% of loans overdue by 90 days eventually become NPAs, though this figure varies across lenders. Equitas Small Finance Bank, Ujjivan Small Finance Bank, CreditAccess Grameen Ltd, and Arman …

Car Bank Cag This Article Lenders Npa Npas

1 month, 3 weeks ago

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25

The Hindu

Canara Bank reports a strong Q2 performance with a 11.31% increase in net profit to ₹4,014 crore. The bank's net interest income also saw a significant rise, reaching ₹9,315 crore, compared to ₹8,903 crore in the corresponding quarter last year. The bank's NPAs have been reduced significantly, with the MSME sector NPA ratio dropping to 7.1% in Q2, down from …

Business Finance Economy Banking

1 month, 3 weeks ago

NCLT Allows Personal Guarantor to Classify Account as NPA During Moratorium Period

Live Law

The NCLT has admitted a Section 95 application filed by the applicant bank to initiate CIRP against the Personal Guarantor of M/s CMYK Printech Limited. The tribunal found that the liability of the Personal Guarantor is co-existing with that of the Principal Borrower and that it falls under the ambit of Section 128 of the Indian Contract Act, 1872. The …

Law Finance Corporate NPA New Delhi

3 months, 1 week ago

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details

News 18

HDFC Bank, India’s largest private sector lender, on Monday said it will announce its second-quarter results for the current financial year 2024-25 on October 19. In a BSE filing, the company said its board of directors will meet on October 19, 2024, “to inter-alia consider and approve the un-audited standalone and consolidated financial results for the quarter/half-year ending September 30, …

Bank Crore Hdfc Bank

4 months ago

₹494cr bank fraud case: 97% of loans given were irregular, turned NPA, says ED

Hindustan Times

Mumbai: The Enforcement Directorate’s money-laundering probe in connection with the ₹494-crore fraud Shivajirao Bhosale Sahakari Bank in Pune, has revealed that the key managerial accused persons of the bank allegedly utilised disbursed loan amounts for their own benefit by giving approvals to irregular loan cases, thereby resulting in 97% of such loan cases turning into Non-Performing Assets, causing loss of …

Case Accused Fir Persons Turned Npa Bank Alleged Fraud Shivajirao

4 months, 3 weeks ago

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore

The Hindu

ICICI Bank Ltd. reported Q1 FY25 net profit grew 14.6% year-on-year to ₹11,059 crorebeating estimates led by treasury gains and other income. Net interest income of the private sector bank for June quarter rose 7.3% YoY to ₹19,553 crore, the bank said in a filing. “We are comfortable with the asset quality andour strategy is to grow in a risk …

Bank Crore Yoy Icici Bank Net Compared Npa

4 months, 3 weeks ago

IDFC First Bank Q1 Results: Net profit drops 11% to ₹680.7 crore, NII up 25% YoY; Asset quality stable

Live Mint

IDFC First Bank Q1 Results: The private lender's NII rose 25.4 per cent to ₹ 4,695 crore in the first quarter of the current fiscal year, compared to ₹ 3,745 crore in the year-ago period. IDFC First Bank Q1 Results: IDFC First Bank announced its announced its April-June quarter results for fiscal 2024-25 on Saturday, July 27, reporting a drop …

Tamil Nadu Bank Profit Crore Cent Quarter Yoy

5 months ago

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore

The Hindu

Federal Bank Ltd. reported Q1 FY25 net profit rose 18.3% year-on-year to ₹1,009.53 crore. Net advances rose to ₹2,20,806.41 crore, from ₹1,83,487.41 crore in the year-earlier period. Gross NPA at the end of Q1 FY25 was ₹4738.35 crore, which as a percentage to Gross Advances was 2.11%, while net NPA and as a percentage to net advances was ₹1330.44 crore …

Crore Yoy Net Profit Fy25 Net Federal Bank Fy25 Net Profit

5 months ago

Kotak Mahindra Bank Q1 Results: Net Profit Surges 81% to Rs 6,250 Crore, NPA Flat

News 18

Kotak Mahindra Bank Q1 Results: Kotak Mahindra Bank said on Saturday reported an 81 per cent surge in its standalone net profit to Rs 6,250 crore for the April-June 2024 quarter. Kotak Mahindra Bank’s standalone net profit, excluding subsidiaries, had stood at Rs 3,452 crore rupees in the corresponding period last year. Kotak recorded “exceptional” income of Rs 3,520 crore …

Mahindra Kotak Kotak Mahindra Bank

9 months, 2 weeks ago

NCLAT Delhi: Section 29A(C) Disqualifies Those Managing And Controlling Corporate Debtor Who Failed To Clear Debts

Live Law

The National Company Law Appellate Tribunal New Delhi, comprising Mr. Justice Ashok Bhushan and Mr. Barun Mitra held that Section 29A of Insolvency and Bankruptcy Code, 2016 disqualifies not only those in management and control of the Corporate Debtor when its account was declared Non-Performing Asset but also those in management and control of the Corporate Debtor in close proximity …

Delhi Corporate Management Resolution Corporate Debtor Control Resolution Plan

11 months, 3 weeks ago

Yes Bank shares cheer New Year after receipt of ₹150 crore from bad loan sale

Live Mint

Stock market today: Yes Bank shares witnessed buying interest in early morning deals on first trade session of the new year 2024. According to stock market experts, Yes Bank share price today witnessed upside movement after the private lender's declaration to receive ₹150 crore from a single trust in Security Receipts Portfolio after NPA portfolio sale. On triggers that fueled …

Bank Share Yes Bank Shares Portfolio Stop Loss Npa

1 year ago

Wilful default: RBI to tweak rules to give lenders flexibility in handling cases

Live Mint

New Delhi: Lenders may get more flexibility in dealing with potential wilful defaulters as the central bank may make in-person hearings with borrowers mandatory at the time of identifying a loan account as stressed, two persons aware of the development said. A Supreme Court order in March regarding RBI’s 2016 circular on wilful defaults had said that borrowers should get …

Bank Banks Account Tag Defaulters Npa Wilful Defaulter

1 year, 1 month ago

Yes Bank shares jump 6% after NPA portfolio update. Details here

Live Mint

Stock market today: Despite weak market sentiments, Yes Bank shares are attracting strong buying interest during Monday deals. According to stock market experts, Yes Bank share price today skyrocketed after the positive update on sale of NPA portfolio. Yes Bank share news On reason that has fueled Yes Bank share price today, Avinash Gorakshkar, Head of Research at Profitmart Securities …

Sale Bank Stock Share Shares Npa Bank Shares

1 year, 1 month ago

AU Small Finance Bank Down Nearly 9% On Fincare Merger Announcement; Key Details

News 18

Shares of AU Small Finance Bank declined nearly 9 per cent on Monday, marking their lowest level since mid-April after it announced the merger of Fincare Small Finance Bank Ltd. on Sunday via an exchange filing. Following the transaction, it is expected that existing shareholders of Fincare SFB will maintain approximately 9.9 per cent ownership in AU SFB. As of …

Finance India Bank Cent Small Merger Net

1 year, 4 months ago

PNB HF recovers NPA account of ₹784 crore, resolved through ARC sale: Report

Live Mint

Punjab National Bank Housing Finance has resolved and fully recovered a corporate non-performing account of ₹784 crore on August 19. PNB Housing Finance Ltd on Monday reported an 47.8 per cent year-on-year rise in its consolidated net profit after tax for the fiscal's first quarter ended June to ₹347.32 crore. The housing finance company's consolidated total revenue from operations rose …

Crore Cent Quarter Yoy Npa

1 year, 4 months ago

BoB Q1FY24 results: Net profit jumps 87.7% YoY, NPA dips over 40%

Live Mint

Bank of Baroda Q1 results 2023-24: State-owned bank, Bank of Baroda has declared its Q1FY24 results today. Sharing its first quarter results for the current financial year, the PSU bank reported 87.72 per cent YoY jump in net profit during April to June 2023 quarter. Bank of Baroda Q1FY24 net profit In Q1FY24, the PSU bank reported a net profit …

Growth Results Bank Income Profit Crore Cent

1 year, 5 months ago

Cleaning up of NPA mess will propel the economy

Hindustan Times

To understand the complexities of India’s banking sector, one needs to grapple with a term that tends to recur with unsettling regularity – non-performing assets. The gross NPA ratio of scheduled commercial banks stood at 4.9%, and ₹66.6 lakh crore in March 2014 were bad loans. The National Democratic Alliance government took several steps to address the NPA problem, including …

India Crore Banks Npas Bank Profits Banking Npa

1 year, 5 months ago

Bank of Maharashtra Q1 net profit jumps 95% to ₹882 crore; NII rises 39% YoY

Live Mint

Bank of Maharashtra, the state-run lender, reported a standalone net profit of ₹882.08 crore in the first quarter of FY24, recording a sharp growth of 95.2% from ₹451.90 crore in the corresponding quarter of last fiscal. Net Interest Income, which is the difference between interest earned and interest expended, during Q1FY24 rose 38.8% to ₹2,339.7 crore from ₹1,685.7 crore, YoY. …

Bank Yoy Bank Of Maharashtra Crore Nii

1 year, 5 months ago

HDFC Bank Q1 results key highlights: 6 things to know

Live Mint

HDFC Bank reported a healthy April-June quarter scorecard of the current financial year on Monday as barring a mild miss on the asset quality sequentially, the numbers were better than Street estimates. Analysts expected HDFC Bank to report a standalone net profit of ₹11,580 crore for the April-June period, showing an increase of 25.9 per cent compared to the same …

Bank Shah Crore Cent Quarter Yoy Hdfc Bank

1 year, 5 months ago

HDFC Bank Q1 net profit rises 30% YoY to ₹11,952 crore; NII jumps 21%

Live Mint

HDFC Bank, the largest private lender in the country, reported a standalone net profit of ₹11,951.7 crore for the quarter ended June 2023, registering a growth of 30% from ₹9,196 crore in the same quarter last year. HDFC Bank's total deposit showed a healthy growth and were at ₹19,13,096 crore as of June 30, 2023, an increase of 19.2% over …

Bank Crore Quarter 2023 Hdfc Bank Hdfc Deposits

1 year, 6 months ago

ED arrests man in Pune co-op bank fraud case worth Rs 430 Cr

India Today

The Enforcement Directorate arrested one Sagar Maruti Suryawanshi, in the Pune-based Seva Vikas Co-operative Bank fraud case. The co-op bank suffered a loss of nearly Rs 430 crore, as its Directors and Chairman are responsible for giving out fraudulent loans which later turned into NPA. Subsequently, an audit of the bank, found gross fraud and misappropriation of Rs 429.6 Crore …

Bank Loan Pune Fir Rbi Directors Fraud Case

1 year, 7 months ago

Union Bank Q4 results: PAT up by 61%, declares dividend; key highlights here

Live Mint

Public sector lender, Union Bank of India registered strong double-digit growth in the fourth quarter of FY23. In the quarter, the bank witnessed strong growth in terms of advances and deposits year-on-year, while a sharp decline has been seen in gross NPA. In the quarter, the bank registered 13.05% YoY and 0.73% QoQ growth in global advances to ₹8,09,905 crore, …

Growth Bank Crore Qoq Yoy Pat Bps

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Articles for NPA, search results for bank

Bank Has Right Of General Lien Over All Securities Of Customer In Ordinary Course, Unless Agreement Says Otherwise: Rajasthan HC Reiterates

NPA Staffer Duped, Conmen Attempts to Compromise

Microfinance meltdown: Five stocks that could come out on top

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25

NCLT Allows Personal Guarantor to Classify Account as NPA During Moratorium Period

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details

₹494cr bank fraud case: 97% of loans given were irregular, turned NPA, says ED

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore

IDFC First Bank Q1 Results: Net profit drops 11% to ₹680.7 crore, NII up 25% YoY; Asset quality stable

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore

Kotak Mahindra Bank Q1 Results: Net Profit Surges 81% to Rs 6,250 Crore, NPA Flat

NCLAT Delhi: Section 29A(C) Disqualifies Those Managing And Controlling Corporate Debtor Who Failed To Clear Debts

Yes Bank shares cheer New Year after receipt of ₹150 crore from bad loan sale

Wilful default: RBI to tweak rules to give lenders flexibility in handling cases

Yes Bank shares jump 6% after NPA portfolio update. Details here

AU Small Finance Bank Down Nearly 9% On Fincare Merger Announcement; Key Details

PNB HF recovers NPA account of ₹784 crore, resolved through ARC sale: Report

BoB Q1FY24 results: Net profit jumps 87.7% YoY, NPA dips over 40%

Cleaning up of NPA mess will propel the economy

Bank of Maharashtra Q1 net profit jumps 95% to ₹882 crore; NII rises 39% YoY

HDFC Bank Q1 results key highlights: 6 things to know

HDFC Bank Q1 net profit rises 30% YoY to ₹11,952 crore; NII jumps 21%

ED arrests man in Pune co-op bank fraud case worth Rs 430 Cr

Union Bank Q4 results: PAT up by 61%, declares dividend; key highlights here