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1 min read

Axis Bank Q3 net profit rises to ₹6,071 crore

rivate sector Axis Bank on Tuesday reported a 4 per cent rise in standalone net profit at Rs 6,071 …

PTI   


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ICICI Bank shares climb over 1% on strong Q2 numbers

Shares of ICICI Bank on Monday climbed over 1% after the company reported a 36.08% jump in its con…

PTI   


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IndusInd Bank Q2 profit up 22% to Rs 2,202 crore

IndusInd Bank on Wednesday posted 22% rise in consolidated net profit at Rs 2,202 crore for Septemb…

PTI   


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3 mins read

Street to keep a hawk eye HDFC Bank’s net interest margin and deposit growth trends

HDFC Bank’s merger with parent HDFC Limited has expanded its book but affected its profitability. I…

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1 min read

New beginnings: HDFC Bank’s net profit post-merger stands at ₹16,811 crore

In its maiden earnings report since its merger with HDFC, HDFC Bank reported consolidated net reven…

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3 mins read

Return ratios now even more starkly in favour of ICICI Bank compared to HDFC Bank

Shares of HDFC Bank have corrected from ₹1,661 on September 15 to ₹1,537 per share after the bank b…

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3 mins read

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…

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3 mins read

Banks write off Rs 14.56 lakh crore NPAs in last nine financial years

Scheduled Commercial Banks (SCBs) have recovered an aggregate amount of Rs 2,04,668 crore in wr…

PTI   


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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…

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Bank of Maharashtra Q3 profit more than doubles to ₹775 crore

State-run Bank of Maharashtra (BoM) on Monday reported a two-fold jump in its standalone profit aft…

PTI   


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2 mins read

Bihar self-help groups raise the most loans but Andhra tops in loan quality

Farm incomes grew between 1.3-1.7 times in FY22, non-farm income grew between 1.4-1.8 times, accord…

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2 mins read

India's Supreme Court order against the RBI will be a huge relief for 75 borrowers with loans worth over ₹2.4 trillion

The Supreme Court has rejected an order from the RBI which gives banks a 180-day period for the r…

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2 mins read

A new ruling on forensic audits just gave banks more power to corner stubborn borrowers

In doing so, the NCLT established a significant precedent for future cases: a 51% vote by a comp…

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3 mins read

India’s central bank just gave the country’s small businesses a one-time breather from some of their bad loans — but with a few conditions

The scheme will only be applied to accounts with an outstanding value of ₹250 million or less. I…

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2 mins read

India’s steel industry is set for a shakeup after ArcelorMittal finally emerges as the winning bidder for Essar Steel

The decision caps an eight-month long saga which saw the company vy for the prized assets of …

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2 mins read

ArcelorMittal isn’t giving up on its bid for Essar Steel without a fight

However, ArcelorMittal’s bid was subject to one condition - it said it would only pay the outs…

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2 mins read

One of India’s largest private banks has lost more than half its market value in 37 days

As a central banking regulator, the Reserve Bank of India can usually be counted on to support the …

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2 mins read

The Reserve Bank of India is trying to prevent a liquidity crisis at banks by relaxing an important risk requirement

On 27 September, India’s central bank eased a requirement imposed on banks related to liquidit…