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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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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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Not comfortable with NPAs in urban co-op banks says RBI, asks lenders to focus on governance

RBI Governor Shaktikanta Das on Monday said the central bank is "not comfortable" with the gross n…

PTI   


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PNB clocks 3-fold jump in net profit at ₹2,223 crore for Q3

Punjab National Bank (PNB) on Thursday announced an over three-fold jump in its profit to Rs 2,223 …

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In Q2, Kotak Mahindra Bank reports a 24% increase in net profit to ₹3,191 crore

Kotak Mahindra Bank's standalone net profit for the quarter ending on September 30 showed an impres…

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ICICI Bank reports a 36% increase in Q2 net profit

For the September 2023 quarter, private sector lender ICICI Bank on Saturday reported a 36% increas…

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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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2 mins read

Union Bank to sell 8 troubled accounts worth Rs 3,000 cr to bad bank NARCL

Union Bank of India on Friday said it has identified eight troubled accounts worth Rs 3,000 crore t…

PTI   


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Canara Bank Q1 profit surges 75% to ₹3,535 cr aided by fall in bad loans, interest income rise

The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 5.15 …

PTI   


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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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Bank of Maharashtra Q4 profit more than doubles to ₹840 crore

State-owned Bank of Maharashtra (BoM) on Monday reported a more than two-fold jump in its net profi…

PTI   


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Bank of Maharashtra tops list of public sector lenders in loan growth, asset quality

The Bank of Maharashtra (BoM) has emerged as the top performer among state-owned lenders in terms o…

PTI   


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BoB Q3 profit jumps 75% to ₹3,853 crore

Bank of Baroda (BoB) on Friday reported 75 per cent surge in standalone net profit at Rs 3,853 cror…

PTI   


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Canara Bank Q3 profit surges 92% to ₹2,882 crore

Canara Bank on Monday reported 92 per cent jump in profit at ₹2,882 crore for the quarter that ende…

PTI   


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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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Federal Bank Q3 profit jumps 54% to ₹804 crore

Private sector lender, Federal Bank on Monday posted a 54 per cent rise in its profit at Rs 804 cro…

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Axis Bank beats street estimates on net profit, business growth disappoints

Axis Bank, the third largest private sector bank, on Monday reported a net profit of Rs 4,125 crore…

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Gujarat banks' gross NPAs rise to Rs 43,000 cr as of Sept 2019

Ahmedabad, Dec 24 () Gross NPAs of Gujarat banks have increased to Rs 43,290.18 crore, or 7.10 per …

PTI   


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SBI reports strong net profit as bad loan eases down

The total income of the SBI group rose to Rs 1,01,143.26 crore in the quarter under review, co…

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IDBI Bank's net profit jumps 75% despite higher provisions

The bank's net profit rose to Rs 567 crore as against Rs 324 crore reported for Q2FY21. "Oper…