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Banks' gross NPAs at 12-yr low, may fall further to 2.5%: RBI report
Among bank groups, public sector banks (PSBs) recorded a substantial reduction (76 bps) in their GN…
PTI
Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings
The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to …
PTI
Interest rate hikes unlikely to have negative impact on earnings of banking sector: ICRA
Analysts may be worried about rising stress in the retail assets of banks, but ICRA is of the vie…
Banks' non performing assets hit a six year low, says CARE Ratings
Even though the gross non-performing assets (GNPA) of scheduled commercial banks in India has hit a…
RBI initiates transition plan: Small finance banks to ascend to universal banking status
According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eli…
ANI
Canara Bank posts 27% jump in net profit for Oct-Dec quarter
Canara Bank on Wednesday reported a 26.87% increase in net profit to Rs 3,656 crore for the October…
RBI asks NBFCs to broad-base fundraising, reduce dependence on banks
The Reserve Bank on Wednesday asked non-bank finance companies to broad-base their fundraising to l…
PTI
HDFC Bank Q3 consol net profit grows 2.6% sequentially to over ₹ 17,000 crore
HDFC Bank’s third quarter consolidated net profit went up 2.6% sequentially to ₹17,257 crore from ₹…
Indian Overseas Bank posts Rs 624.34 cr PAT for Q2 2023-24
Public sector mortgage lender Indian Overseas Bank (IOB) on Friday said it closed the second quarte…
SBI’s core business stays strong despite one-time hit on account of higher wage costs in Q3
India’s largest bank SBI saw its third quarter profits slip by 35.5% as it took a ₹7,100 exceptiona…
Punjab National Bank Q1 net profit surges to ₹1,255 cr
In a regulatory filing, the public sector bank said it closed the Q1FY24 with a total income of ₹ 2…
HDFC Bank closed Q1 with ₹11,951 crore net profit
Private sector HDFC Bank Ltd on Monday said it closed the first quarter of FY24 with a net profit o…
Housing finance companies clock 15% YoY portfolio growth in Q1, but rate hikes could moderate growth for FY23, says ICRA
Housing finance companies have clocked a 15% year-on-year growth in their on-book portfolio in Q1 F…
MSME sector is on a strong growth trajectory post the pandemic: SBI Research
MSMEs have shown resilience to bounce back from the pandemic-induced slowdown, with credit growth t…
Yes Bank shares tank over 12% as 3-year shareholder lock-in period ends
$YESBANK.NSE is still not out of its own created wounds as it is still trading below 200DEMA. I wil…
RBI estimates bad loans could be as high as 14.8% by September 2021 in the worst case scenario
The gross non-performing asset (GNPA) of scheduled commercial banks (SCB) are likely to increase to…
Indian banking will maintain its growth momentum: South Indian Bank MD & CEO
Growth in credit, mergers and acquisitions, digital initiatives by the Reserve Bank of India (RBI),…
Public sector enterprises stage a comeback in 2022 thanks to PSU banks – the future looks healthy, say analysts
Public sector undertakings, or PSUs, have staged a comeback in 2022, powered by robust recovery in …
Axis Bank's net profit for the Q3 of 2020-21 fell 36%
Lending major Axis Bank's net profit for the third quarter of 2020-21 fell 36 per cent due to highe…
Kotak Mahindra Bank still on ‘alert’ as profit improves 27% over the last three months
Kotak Mahindra Bank (KMB) is still on ‘alert’ as it recovers from the COVID-19 impact. In the three…