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Kotak Mahindra Bank Q3 profit rises 19.7%

Kotak Mahindra Bank Ltd on Friday said it reported 19.72% increase in its net profit for the December quarter due to higher net interest income (NII) and other income.
Net profit rose to Rs1,053.21 crore for the quarter ended 31 December from Rs879.76 crore a year ago. According to 17 Bloomberg analysts’ estimates, the bank was expected to post a net profit of Rs963.80 crore. On consolidated basis, the bank reported a net profit of Rs1,624 crore, up 28% from a year ago.
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IDFC Bank Q3 result profit falls 24%

IDFC Bank on Friday reported a 23.6% decline in its fiscal third quarter profit due to fall in net interest income (NII), other income and higher other operating expenses.
Net profit fell to Rs146.11 crore for the quarter ended 31 December from Rs191.26 crore a year ago. According to four Bloomberg analysts’ estimates, IDFC was expected to post a net profit of Rs178.80 crore.
NII or the core income a bank earns by giving loans decreased 5% to Rs494.96 crore compared with Rs520.77 crore last year. Other income was at Rs230.79 crore, down 31% from Rs334.20 crore a year ago. Other operating expenses surged 41% to Rs157.73 crore.
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HDFC Bank Q3 result profit rises 20%

India's largest private lender HDFC Bank Ltd on Friday reported a 20.1% rise in Q3 profit on higher net interest income (NII) and other income. HDFC Bank’s net profit rose to Rs4,642.60 crore for the quarter ended 31 December from Rs3,865.33 crore a year ago.
According to 17 Bloomberg analysts’ estimates, the bank was expected to post a net profit of Rs4,706.90 crore.
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State Bank of India(SBI) Clerk 2018 Recruitment

State Bank of India(SBI) has released  SBI Clerk Junior Associate 2018 Official Notification on 29th January 2018. All Aspirants can check the SBI Clerk official notification by clicking on the link mentioned below. The online registration for SBI Clerk 2018 exam will commence from 20th January 2018 & will end on 10th February 2018.


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State bank of india(SBI) recruitment for Specialist Officers Posts

State bank of India (SBI) has released the public notification for recruitment of 121 Posts of Specialist officers in various grades i.e. Chief Manager, Senior Manager, Manager for filling the specialized areas i.e. Digital Banking, Digital Marketing, Credit, Business Development, Assets Management etc.
Any eligible Indian citizen may apply for the SBI listed vacancies between 16-01-2018 To 04-02-2018 online through https://www.sbi.co.in/careers/. The hard copy of the online application needed to be sent by 12-02-2018.
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All the designs of Rs 10 coin are valid and legal tender : RBI

It has come to the notice of the Reserve Bank that in certain places there is reluctance on part of traders and members of public to accept Rs. 10 coins due to suspicion about their genuineness.

All the 14 designs of Rs. 10 coin are valid and legal tender for transactions, the Reserve Bank said today amid reluctance by certain traders to accept the coins. “It has come to the notice of the Reserve Bank that in certain places there is reluctance on the part of traders and members of the public to accept Rs. 10 coins due to suspicion about their genuineness,” the RBI said while reiterating the legal tender status of coins of different designs.

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IBPS Tentative Calendar of exams for RRBs & PSBs 2018-19

IBPS (Institute of Banking Personnel Selection) has released the Tentative Calendar of Online CWE for RRBs & PSBs, to be simple enough the tentative exams dates for the IBPS RRB PO, IBPS RRB CLERK, IBPS PO , IBPS CLERK , IBPS SO exams for the year 2018.


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Smaller PSBs beat giants in dash to NCLT

Smaller banks have been more agile in the initial days of the Insolvency framework by moving more cases to the National Company Law Tribunal (NCLT). While among the large banks Bank of Baroda led the list, Uco Bank, Bank of Maharashtra, and have initiated more proceedings than their larger rivals such as State Bank of India and Punjab National Bank. SBI, however, led the list in terms of value having initiated 18 cases with Rs 340.97 billion at stake, as of September 30. In all total amount assets under these proceedings as of September 30, stood at Rs 1.07 trillion. The total number of cases stood at 330. there could be many common cases, where more than one lender is involved.
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