Private sector lender Yes Bank reported a growth of 22 percent in its net profit at Rs 1,076.87 crore during the third quarter ended December 2017.
Banks have to put in place proper risk-pricing mechanism, especially for funding long-gestation infra projects, if they want to prevent an encore of the present NPAs.
The Federal Bank posted a 26.43 percent rise in net profit at Rs 260.01 crore for the third quarter ended December 31, 2017.
Karnataka Bank reported a 27.5 percent rise in net profit at Rs 87.38 crore for the third quarter ended December 2017 even though provision for bad loans increased.
BoI has put in place an aggressive bad loan recovery strategy and hopes to be out of the RBI's watch list soon, the state-run lender's MD Dinabandhu Mohapatra said.
Private lender South Indian Bank said it proposes to raise Rs 20 crore through private placement of shares to fund business growth.
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.
The narrower-than-expected win in Guj and upcoming polls in other states will lead to a reorientation of priorities for the govt with focus on the farm and SMEs sectors.
The Reserve Bank of India imposed prompt corrective action (PCA) on Allahabad Bank due to high non-performing assets (NPA) and negative return on assets (RoA).
Indian Overseas Bank said it will utilise the funds in its share premium account to write off accumulated losses of over Rs 6,978 crore at the end of previous fiscal.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)