The recent guidelines from the central bank allowing statutory reserve and other reserves created out of the profit to be reckoned for paying of Additional Tier 1 (AT1) bonds coupon – these are a combination of debt and equity – have provided a breather ... The Financial Chronicle, 1 month ago
With YES Bank’s stock price jumping 16.4 per cent this month, Rana Kapoor (in pic), co-founder and chief executive officer of YES Bank who holds 11.6 per cent stake in the bank, has become a billionaire. Kapoor is only the second billionaire to emerge from ...The Financial Chronicle, 2 months ago
While rate cuts may increase churn between banks, these may not boost credit offtake meaningfully. A telecom moment for the banking sector” was how a banking analyst with a reputed brokerage summed up the lending rate cut frenzy by banks. Though the Street was expecting some cuts (30-40 basis points) in the marginal cost of funds-based lending rate (MCLR), the sharp 90-bp cut by State Bank of India has taken many by surprise. Given that most banks have followed SBI’s lead, ...Rediff.com, 2 months ago
Banks are likely to report lower core profits for the third quarter of the financial year but this would be offset by better treasury gains. With loan growth remaining muted, the net interest income (NII) is likely to remain low. While the pace of slippages ...The Financial Chronicle, 2 months ago
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