
The bank reported a 30% increase in net interest income to Rs 1,980 crore, which aided margin growth.
The Pune-based bank had posted a net profit of Rs 325 crore in the same quarter a year ago.
SBI’s total loans were about 17 times higher at Rs 25,47,390 crore as compared to Rs 1,48,216 crore of BoM…
Amid rising interest rates, two lenders – Bank of India and Bank of Maharashtra – have slashed their home loan…
NII grew 25.84% year-on-year to Rs 1,887 crore. Provisions and contingencies declined 38.22% to Rs 579 crore for the quarter…
Talking about the financial performance, BoM managing director A S Rajeev said the increase in profit can be attributed to…
The lender has already waived processing fee for its gold, home and car loans under the ‘Diwali Dhamaka’ offer.
The benchmark one-year MCLR will be 7.80 per cent from Monday, as against 7.60 per cent.
The fund raised via Basel III compliant Additional Tier 1 (AT1) bonds of Rs 710 crore (including green shoe option…
The Pune-headquartered lender recorded a 27.10 per cent increase in gross advances to Rs 1,40,561 crore at the end of…
The Pune-based bank also reported a near 9% increase in its pre-provisioning operating profit in Q1FY23, despite a decline in…
The move comes at the time when most banks have been increasing their MCLR after the Reserve Bank of India…
Several banks have hiked the repo linked lending rates following RBI’s out of turn hike in repo rate by 0.40…
The bank was able to report higher profit despite reduction in the profit on sale of investments.
For the full year to March, the Pune-based lender saw its net profit rising two-fold to Rs 1,152 crore as…
The penalty has been imposed for violation provisions related to KYC, creation of a Central Repository of Large Common Exposures…
The bank’s 4 per cent stake, equivalent to 40,00,000 equity shares, will be sold at Rs 9.80 per share for…
Private-sector lender IDFC First Bank said its total deposits rose by 12.6 per cent to Rs 93,138 crore at the…
The issue was subscribed by more than four times. The bank received investor bids of Rs 1,055 crore against a…
The management at PNB attributed the bank’s poor operational performance to the impact of a standstill on bad-loan recognition in…
With regard to net NPA, BoM was better at 1.24 per cent while that of SBI was 1.34 per cent…
The filing said the figures related to December 31, 2021 are provisional and are subject to review by statutory central…
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