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Credit growth slips to 13.8%; deposits up 15%

Last Updated: Thursday, April 17, 2014, 21:13

Bank deposits grew at 14.98 percent year-on-year to Rs 79,31,104 crore as on April 4, better than credit growth, according to RBI data.

Fitch sees level of NPAs, recast loans rising to 15% in FY15

Last Updated: Thursday, April 17, 2014, 19:43

Stressed assets, which include gross non-performing assets and restructured debt, stood at 10.2 percent as of September.

SEBI probes companies, global banks for round tripping

Last Updated: Wednesday, April 16, 2014, 19:27

Capital market watchdog SEBI is probing at least three large global banks and many Indian companies for alleged round tripping of funds by way of multi-layered transactions.

High interest rates responsible for rising bad loans: Moody's

Last Updated: Tuesday, April 15, 2014, 22:03

Rising interest rates and project delays are leading to an increase in bad loans among banks in India, Moody's said in a report.

HDFC Bank sets Guinness record in blood collection

Last Updated: Monday, April 14, 2014, 21:01

The blood donation camp organised by HDFC Bank on December 6, 2013 involving 61,902 participants has found a place in Guinness Book of Records as the largest such drive on a single day.

Citigroup profits up 3.5% on lower costs, improved credit

Last Updated: Monday, April 14, 2014, 18:47

Citigroup reported slightly higher quarterly earnings on Monday, as lower expenses and credit losses helped offset revenue declines in mortgage finance and trading.

Azealia Banks feud helped my songwriting: Lily Allen

Last Updated: Monday, April 14, 2014, 07:27

Singer Lily Allen has credited her feud with rapper Azealia Banks with helping her become a better songwriter.

JPMorgan profit weaker than expected as trading revenue falls

Last Updated: Saturday, April 12, 2014, 10:01

Overall, net income fell 19 percent to $5.27 billion, or $1.28 per share, from $6.53 billion, or $1.59 per share, in the same quarter of 2013, the biggest U.S. bank said on Friday.

JPMorgan earnings fall 19% on lower mortgage income

Last Updated: Friday, April 11, 2014, 18:07

JPMorgan Chase Friday reported lower earnings due to a drop in its mortgage business as the US banking giant seeks to turn the corner after costly legal settlements.

RBI panel submits report on pricing of credit by banks

Last Updated: Thursday, April 10, 2014, 18:41

A panel set up by the Reserve Bank of India (RBI) has recommended that banks` base lending rate should be based on the marginal cost of funds if their average deposit tenure is on the lower side.

RBI asks banks to draw up policy for property deals abroad

Last Updated: Thursday, April 10, 2014, 18:34

The Reserve Bank of India has asked banks with offices abroad to formulate a policy for overseas real-estate transactions.

Banks in Middle East back on double digit growth path

Last Updated: Wednesday, April 09, 2014, 14:08

The profits during the period registered an increase of 10.3 percent, it said, adding at an aggregate level, provisions for bad loans grew slightly by 2.5 percent.