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6 mins read
Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…
1 min read
Federal Bank shares surge 8 percent after September quarter earnings announcement
Shares of Federal Bank soared up to 8 per cent after the firm reported an 11 per cent increase in n…
PTI
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
1 min read
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 cons…
PTI
1 min read
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
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…
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…
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…
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…
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
1 min read
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…
1 min read
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
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…
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…
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…
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…
2 mins read
India’s largest fuel retailer is undertaking its biggest share buyback since 2001 in order to help the central government meet its disinvestment target
The move also includes a dividend payout of ₹6,75 per share, resulting in a total payout of ₹6…
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 …
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…
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 …