Bond losses to hurt Q3 earnings of banks; NBFCs may sail through

During the quarter, bond yields on the 10-year benchmark government bond surged 67 basis points or 0.67 percentage points, with lower prices of the bond The December quarter earnings season may hold little cheer for banks, as the steep drop in bond prices is expected to add to the existing bad loan problem. South Indian Bank kicks off the third quarter […]

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Your bank deposits could soon earn higher returns

Deposit rates are poised to rise in the next few months as banks may have to scramble for funds, with the rising demand for loans already prompting local lenders to sell excess government bonds they own.  Major banking sector indicators are pointing toward pressure on deposits as loans pick up. Bank loans rose 10.7 per cent to Rs 81 lakh […]

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PSU Banks Face 1,463 NPA Accounts Of Rs. 100 Crore Each

As many as 1,463 entities account for bad loans of Rs. 100 crore or more in 21 public sector banks (PSBs), finance ministry data showed. In State Bank of India (SBI) alone, 265 accounts had bad loans of more than Rs. 100 crore each, totalling Rs. 77,538 crore, at the end of the September quarter. Among the nationalised banks, Punjab National Bank topped the chart with […]

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J&K Police, HDFC Bank script resounding victories

Riding on brilliant 45 runs off just 32 balls by former Ranji Trophy Player, Rakesh Koul, J&K Police scripted a resounding win over Media-XI in the ongoing CII T20 Corporate Cricket League, being played at KC Sports Club Ground, here. The CII T-20 Corporate Cricket League is being organized by Confederation of Indian Industry (CII). Batting first, J&K Police scored […]

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