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2 mins read

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   


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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 u…

PTI   


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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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1 min read

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…

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2 mins read

Net NPAs of Indian banks dropped by 24.9% and Gross NPAs by 15.2% as of June 2024: CareEdge

The gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) fell by 15.2 per cent …

ANI   


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3 mins read

Banks write off loans worth ₹9.90 lakh crore in last 5 financial years

"Banks evaluate/consider the impact of write-offs as part of their regular exercise to clea…

PTI   


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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…

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7 mins read

Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…

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2 mins read

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   


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1 min read

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…

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1 min read

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   


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1 min read

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…

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3 mins read

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 ₹…

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5 mins read

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…

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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…

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2 mins read

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…

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2 mins read

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…

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3 mins read

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…

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3 mins read

Yes Bank shares tank over 12% as 3-year shareholder lock-in period ends

Shares of private sector lender Yes Bank tanked more than 12% in early trade on Monday as a Reserve…

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1 min read

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…