According to the sources, banks would get a better picture about their Non-Performing Assets (NPAs), one-time loan restructuring and consequent ratings latest by the end of October
The Delhi High Court in a separate petition also directed Punjab National Bank to maintain the status quo in relation to classifying RCFL's account as a fraud
LIC, SBI, and BoB did not bring stake below 10% by March 2019 in accordance with rules
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The profit was hit by provisions and contingencies, which rose by 71.32 per cent to Rs 5,628 crore in Q1FY21 from Rs 3,285 crore in Q1FY20
The bank's net interest income (NII) grew 4.91 per cent on a year on year (YoY) basis from Rs 6,497 crore in Q1FY20 to Rs 6,816 crore in Q1FY21
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Analysts foresee the bank reporting sluggish business growth in Q1 on the back of Covid-19 induced nationwide lockdown
Gaursons chairman's son held for cheating Bank of Baroda, Syndicate Bank of Rs 80 Cr: CBI
"Searches have been conducted today at two places in Noida (UP) and one place in Delhi which led to recovery of incriminating documents/material," RK Gaur said
In FY19, lenders had seen a contraction in global loan book after letters of comfort were discontinued
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The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today
The bank posted a net profit of Rs 506.5 crore in Q4FY20 compared to net loss of Rs 991.3 crore in Q4FY19.
The bank had posted a net profit of Rs 991.37 crore in the January-March quarter of the preceding fiscal ended March 2019
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Kajal Gandhi and Vishal Narnolia, research analysts at ICICI Securities, believe that Covid-19 breakout and merger process would lead to sluggish business growth during the quarter under review.
At Hong Kong, an important financial centre in Asia, Indian banks have had business operations for decades.
A gap down close after touching 100-DMA indicates selling pressure in HDFC Bank. he counter has consistently failed to conquer 100-DMA as gap-down close has forced prices to correct even further.
Under the scheme, the government will offer 100 per cent guarantee on loans.