BASEL III ENDGAME UPDATES
HDFC Bank Q4 Results: Profit jumps 37% YoY to Rs 16,512 crore, NII up 24.5%
HDFC Bank Q4 Results: HDFC Bank's profit rose 37.1% YoY to Rs 16,512 crore, with NII growing by 24.5% to Rs 29,077 crore. The bank declared a dividend of Rs 19.5 per share for FY24 and reported an improved GNPA at 1.24%.
Bond fund managers bet on credit derivatives markets
Bond fund managers have so much cash they’re turning to the derivatives market to put it to work, pushing down the cost of protection against defaults close to levels that prevailed when central banks were just starting to raise interest rates.
Carlyle Group sells 1.4% stake in YES Bank via open market for over Rs 1,000 crore
CA Basque Investments, the Mauritius-based special purpose vehicle owned by Carlyle Group, sold 39,00,00,000 shares of the lender at Rs 27.10 a share, bulk deals data on the BSE showed. Morgan Stanley Asia Singapore Pte bought 30,63,05,668 shares or 1.1% in the lender through a separate bulk deal for Rs 830 crore.
YES Bank Q3 Results: PAT soars 4x YoY to Rs 231 crore, NII rises 2.4%
YES Bank Q3 Results: Provisions for the quarter dropped sharply, which aided growth in the bottom line. Provisions and contingencies for the reported period stood at Rs 555 crore, compared with Rs 845 crore a year ago. Despite this, the pre-provision operating profit declined 5.4% YoY to Rs 864 crore.
IDBI Bank shares jump 11%, hit 52-week high post strong Q3 earnings
IDBI Bank's provisions and contingencies for the quarter were at Rs 320 crore, compared to Rs 784.3 crore a year ago. The bank had a reversal of provision towards non-performing assets to the tune of Rs 446 crore during the quarter. The pre-provision operating profit increased by over 13% YoY to Rs 2,326.50 crore.
Bank of India QIP subscribed 4.11 times; lender raises Rs 4,500 crore
The lender received a total 104 bids aggregating up to Rs 18,483 crore, it said in an exchange filing. The state-owned lender allotted shares to qualified institutional buyers at Rs 100.20 a share, a discount of nearly 5% to the floor price of Rs 105.42.
- Go To Page 1
Bank of India QIP book opens Tuesday, floor price set at Rs 110.20 per share
In April, the bank had received board approval to raise Rs 4,500 crore either through a QIP or rights issue or via additional Tier-1 bonds. The lender also received approval to issue Basel-III compliant Tier-2 bonds upto an amount of Rs.2,000 crore.
What is the 'Basel III endgame' and why are banks worked up about it?
USA banking regulators are set to reveal a proposal on Thursday for stricter capital requirements known as Basel III endgame. The Basel III framework includes various capital, leverage and liquidity standards, and the latest proposal refines the capital requirements based on banks' riskiness.
IDFC FIRST Bank raises Rs 1,500 cr in domestic bond markets
IDFC First Bank has raised INR1,500 crore ($201m) in subordinated, unsecured, fully paid-up, Basel III compliant tier-2 bonds in the domestic Indian bond markets. The capital raise would aid in expanding the bank while boosting capital adequacy, which will increase the bank's headroom for growth. With calls available in ten years, the yields on the bonds were offered at 8.4%. The bond placement was oversubscribed with a large demand from PFs, corporates, and insurance companies interested.
IndusInd Bank Q4 Results: PAT jumps 50% YoY to Rs 2,040 cr; dividend declared at Rs 14/share
IndusInd Bank Q4 Results: Mumbai-based lender's provisions (other than tax and contingencies) fell 29% during the quarter to Rs 1,030 crore. The same stood at Rs 1,461 crore in the year-ago period.
Axis Bank Q3 Results: Net profit soars 62% YoY to Rs 5,853 crore, beats estimate despite rise in provisions
Net non-performing assets ratio as a percentage of total loans dropped to 0.47% from 0.91% a year ago and 0.51% a quarter ago
IndusInd Bank Q3 Results: Profit surges 69% YoY to Rs 1,959 crore; NII rises 19%
Asset quality improved further during the quarter as gross non-performing assets as a percentage of total loans was down to 2.06% from 2.48% a year ago and 2.11% a quarter ago.
SBI to raise Rs 10,000 cr more via infra bonds
In its first tranche, the country's biggest lender raised Rs 10,000 crore through 10-year infrastructure bonds at 7.51% annual coupon in December
Punjab & Sind Bank board to consider fundraise of Rs 250cr on Dec 30
The bank said it plans to raise capital up to an amount and aggregating to Rs 250 crore in any combinations of equity shares or debt in the form on Basel III compliant bonds
Stocks in the news: Maruti Suzuki, NTPC, Power Grid, Dr Reddy's, PB Fintech and Sun Pharma
Maruti Suzuki will increase the prices of its vehicles 'substantially' from next month as it looks to offset the impact of rising input costs and make provisions to update the model range to conform to stricter emission norms which kick in from April 2023.
Union Bank of India to allot Basel III bonds of Rs 2,000 crore next week
The bonds, with face value of Rs 1 crore each, are perpetual in nature and bear coupon of 8.70 per cent per annum. Perpetual bonds carry no maturity date, so they may be treated as equity, not as debt.
Canara Bank plans to raise up to Rs 8,000 cr in FY21
Canara Bank said the board has approved raising equity share capital amounting up to Rs 5,000 crore through various means.
Market Movers: Muthoot Finance & RInfra rally; ONGC plunges; India Vix surges
Sensex declined 202 points or 0.49% while Nifty fell 68 points to close at 12,046.
CSB Bank gets Sebi's go-ahead for IPO
Prem Watsa has controlling stake in the bank which posted a loss of Rs 197.4 crore in 2018-19.
RBI cuts interest rate to 9-year low; 10 key takeaways
The repo rate, which now stands at 5.75 per cent, is the lowest since July 2010.
Stock market update: PSU bank stocks jump up to 2%; SBI among top gainers
The Nifty PSU Bank was trading 1.09 per cent up at 3,087 around 11:10 am.
ICICI Bank board to discuss Videocon loan issue on Tuesday: 7 key takeaways
ICICI Bank reported 50% YoY drop in standalone profit at Rs 1,020 crore for March quarter.
Syndicate Bank to raise Rs 4,300 crore this fiscal
Additionally, Rs 1,600 crore will also be raised by issuing tier-II bonds at an appropriate time during the financial year 2016-17, it added.
TRACK SENSEX, NIFTY LIVE: Who moved my market today
If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.
TRACK SENSEX, NIFTY LIVE: Who moved my market today
If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.
Top five takeaways from ICICI Bank Q3 results
Ahead of the results, shares of ICICI Bank closed 1.69% lower at Rs 232.95 on the BSE. They hit a low of Rs 231.15 and a high of Rs 239.25 during the day.
Modinomics can help foreign inflows to India
PM Modi has visited many foreign countries and invited their leaders to join India’s growth story, coining the term ‘Modinomics’.
Credit policy shows RBI is not complacent on monetary policy front: Gaurav Kapur, RBS
"The policy is largely along expected lines, as there was no rate action expected. That was the general consensus, and that is what the actual policy action is as well."
Basel becomes Babel as conflicting rules undermine safety
The first Basel agreement on global banking regulation, adopted in 1988, was 30 pages long and relied on simple arithmetic.
Load More
