npas

 

Yes Bank Q3 profit up 22 percent at Rs 1,076.9 crore

Jan 18 2018

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.

Vishwanathan asks banks to develop better risk-pricing skills

Jan 18 2018

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.

Federal Bank Q3 net rises 26 percent to Rs 260 crore

Jan 15 2018

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 Q3 net profit up 28 pc at Rs 87 crore

Jan 12 2018

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 to be out of RBI watch list soon as recovery picks up: MD

Jan 12 2018

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 to raise Rs 20 crore via QIP

Jan 09 2018

Private lender South Indian Bank said it proposes to raise Rs 20 crore through private placement of shares to fund business growth.

1,463 bad loan accounts owe PSU banks Rs 100 crore or more

Jan 07 2018

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.

Govt may opt for fiscal deficit range in budget: Icra's Takkar

Jan 07 2018

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.

Reserve Bank of India imposes PCA on Allahabad Bank

Jan 04 2018

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 to write off over Rs 7,000 cr losses

Jan 04 2018

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.

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Stocks In News

 

WELSPUN ENTERPRISES

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

TATA STEEL

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

TECHNOFAB ENGG

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

FUTURE RETAIL

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)

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