BASEL III ENDGAME UPDATES

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 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.

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...

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-provisio...

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-provisio...

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 10...

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.

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 cap...

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, whi...

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.

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

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.

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

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

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.

The Nifty PSU Bank was trading 1.09 per cent up at 3,087 around 11:10 am.

ICICI Bank reported 50% YoY drop in standalone profit at Rs 1,020 crore for March quarter.

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The first Basel agreement on global banking regulation, adopted in 1988, was 30 pages long and relied on simple arithmetic.