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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
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
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…
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
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…
1 min read
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
3 mins read
Canara Bank Q4 profit rises 18% to ₹3,757 crore
During the quarter, the bank's total income increased to Rs 34,025 crore as against Rs 28,685 c…
PTI
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
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
2 mins read
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
1 min read
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 …
1 min read
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
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
1 min read
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…
PTI
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…
1 min read
Indian Bank Q3 profit surges 52% to ₹2,119 crore
The public sector Indian Bank on Wednesday reported a 52 per cent jump in net profit at Rs 2,119 cr…
PTI
1 min read
IOB Q3 profit jumps 30% to ₹723 cr on improvement in core income
State-owned Indian Overseas Bank (IOB) on Wednesday reported 30 per cent rise in net profit at Rs 7…
PTI
3 mins read
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 no…
PTI
1 min read
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…
1 min read
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…