Moscow / AFP Russia’s second largest bank VTB on Monday announced a return to profit in the first quarter, saying “stabilisation” in the Russian economy had boosted revenues, although by less than analysts had expected. Between January and March, state-controlled VTB posted a net profit of 600 million rubles ($9.24 million), after a 18.3-billion-ruble loss in the same period last ...

  Bloomberg Bank of Baroda (BoB) shares slumped the most in almost nine months after the Indian lender reported a surprise quarterly loss and its chief executive officer flagged an increase in bad loans over the coming months. Shares of the nation’s second-largest state bank sank 8.3 percent to 142.30 rupees in Mumbai. Analysts at Deutsche Bank AG, Jefferies India ...

  Tokyo / AFP The Bank of Japan’s shock negative rate policy is taking a bite out of profits at major banks, with Mitsubishi UFJ on Monday warning over its bottom line. The huge lender said its net profit fell 8.0 percent to 951.4 billion yen ($8.7 billion) in the fiscal year to March, blaming the drop on a slowdown in ...