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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
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 ₹…
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…
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
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
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…
3 mins read
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…
2 mins read
Axis Bank is back in the black as fee collections ramp up and ₹10,000 crore in fund raising cushions the balance sheet
Axis Bank’s profit is in the green again after reporting a dip of 19% last quarter. Between July an…
2 mins read
ICICI Bank best performer in banking with 42% returns in FY22
Its market capitalization ranking within the BFSI space has improved to two from five in FY18. S…
2 mins read
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…
2 mins read
ICICI Bank's gross bad loans drop to the lowest in 5 years
ICICI Bank’s profits are up and bad loans shrunk significantly by the end of June 2020. The b…
6 mins read
PSB stocks on 52-week high riding on record profits, double-digit loan growth
Union Bank of India stock price is up by 60.8 per cent over the last month among the PSU bank st…
1 min read
Google fellowship in journalism to support students of colour
San Francisco, June 2 (IANS) The Google News Initiative Student Fellowship initiative, aimed at dev…
2 mins read
SBI’s profit jumps over 50% in Q2 — India’s largest bank plans to outperform the industry when it comes to credit growth
India’s largest bank, the State Bank of India (SBI), has logged a net profit of 51.88% on an annual…
2 mins read
Axis Bank share price surges over 6% after earnings reveal that only 9.7% of its loans are exposed to the moratorium
Axis Bank’s share price rallied over 6% in early morning trade, reacting to its Q1 earnings posted …
4 mins read
How RBI's proposed restrictions may affect your dividends
The Reserve Bank of India issued a draft circular that proposed restrictions on non-banking finance…
2 mins read
Banks' gross NPA ratios may rise to 9.9 pc by Sept 2020: RBI
Mumbai, Dec 27 () The gross non-performing asset ratio of banks may increase to 9.9 per cent by Sep…
PTI
20 mins read
Essence magazine was meant to be a place for 'Black girl magic.' Internally, some employees say it was more like 'Black girl tragic.'
Three years after a letter accused leadership of fostering an unhealthy work environment, current a…