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IDBI Bank’s Q2  profit falls 38% to Rs118 cr as provisions rise
Fri, Oct 31 2014. 04 46 PM

IDBI Bank’s Q2 profit falls 38% to Rs118 cr as provisions rise

Provisions for bad loans increased 13% to Rs.990 crore from Rs.878 crore a year ago mainly because the bank reported an increase in gross non performing assets
Citigroup sets aside $600 million more to cover legal costs
Fri, Oct 31 2014. 09 07 AM

Citigroup sets aside $600 million more to cover legal costs

Citigroup did not say specifically that the additional legal expenses were recognized in anticipation of a settlement of forex probes
ICICI Bank, Yes Bank Q2 profits beat estimates
Fri, Oct 31 2014. 12 29 AM

ICICI Bank, Yes Bank Q2 profits beat estimates

ICICI Bank’s net profit rises 15% to Rs2,709 cr from a year ago; Yes Bank’s jumps 30% from a year ago to Rs483 cr
Tata International raises S$150 million by selling perpetual bonds
Thu, Oct 30 2014. 10 24 PM

Tata International raises S$150 million by selling perpetual bonds

The bonds were raised at 6.65% and most of buyers were institutional investors or private banks
Information can’t be disclosed outside specific proceedings: Swiss govt
Thu, Oct 30 2014. 07 46 PM

Information can’t be disclosed outside specific proceedings: Swiss govt

A Swiss finance ministry spokesperson says authorities from the two countries are having regular contacts on bilateral tax matters
Andhra Bank’s Q2 profit more than doubles on low costs, high interest income
Thu, Oct 30 2014. 06 58 PM

Andhra Bank’s Q2 profit more than doubles on low costs, high interest income

Andhra Bank’s profit stood at Rs144.49 crore, while interest income increased 15% to Rs.4,146.14 crore in the quarter
How Sweden joined central banking’s hall of shame
Thu, Oct 30 2014. 11 49 AM

How Sweden joined central banking’s hall of shame

Bankers’ decision to cut interest rate to zero was the latest evidence that moving too fast to remove emergency stimulus is a risky business
India slips in World Bank’s Ease of Doing Business Index
Thu, Oct 30 2014. 11 45 AM

India slips in World Bank’s Ease of Doing Business Index

Rank slips to 142 in the 2015 report, illustrating magnitude of the task at hand for Modi govt in attracting investments
Retail banks aggressively investing in innovation: report
Thu, Oct 30 2014. 12 39 AM

Retail banks aggressively investing in innovation: report

The study also found banks in developed countries investing more in innovation in 2014 compared with the previous year to keep pace with rising customer expectations
Study details forex gains from black money recovery
Wed, Oct 29 2014. 08 04 PM

Study details forex gains from black money recovery

BoFA-ML says half of black money flight unearthed would add $30-35 billion to forex reserves

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