Page 54 of banking sector

Canara Bank reports 89% increase in profit

The bank made provisions of Rs 3,637 crore in Q2FY23.

Updated: October 21, 2022 08:21 IST

Central Bank of India posts 27% rise in profit

This is the first time the bank has posted earnings after coming out of the prompt corrective action (PCA) framework…

Updated: October 21, 2022 07:24 IST

The interest income grew to Rs 1,740.14 crore from Rs 1,646.59 crore.

South Indian Bank Q2 profit at Rs 223 cr

Asset quality of the lender improved as gross non-performing assets (NPAs) fell to 5.67 per cent of gross advances as…

October 20, 2022 17:00 IST

AU Small Finance Bank, AU Small Finance Bank PAT, AU Small Finance Bank revenue

AU Small Finance Bank PAT rises 23%

The bank also saw an improvement in collection efficiency, which averaged 108% in Q2FY23, aiding improvement in the asset quality.

October 20, 2022 04:30 IST

Securitisation volumes rise 48% in H1: Report

Of this, volumes during the first quarter stood at Rs 35,000 crore, according to an earlier report by the agency.

Updated: October 19, 2022 07:47 IST

Digital banking, Digital banking units, Digital banking initiative, financial system,

Digital banking units to further bolster financial system: PM Modi

The formulation of the Insolvency and Bankruptcy Code has further helped in the resolution of non-performing assets in a transparent…

October 17, 2022 06:05 IST

banking sector, Credit Guarantee Corporation Act, Factoring Regulation Act,

Five economic laws to be tweaked: Banking sector offences to attract stiffer penalties

The laws that will be amended cover areas such as deposit insurance and credit guarantee, factoring and payment and settlement.…

October 17, 2022 04:15 IST

2 DBUs of Karnataka Bank begin working

The DBUs provide banking products and services to customers in self-service as well as assisted (digital) mode in an efficient,…

Updated: October 16, 2022 21:18 IST

RBI guidelines stipulate that a payments bank more than five years old can apply for a licence for a small finance bank (SFB), Gupta said.

Fino Payments discussing SFB transition internally; will approach RBI at right time : MD&CEO Rishi Gupta

In 2021-22, Fino Payments Bank had posted a net profit of nearly Rs 43 crore, up by 109 per cent…

October 16, 2022 17:40 IST

Shift from ‘phone banking’ to ‘digital banking’ put India on sustained growth path: PM Narendra Modi

The economic progress of a country is directly linked to the strength of its banking system, he said after dedicating…

October 16, 2022 12:57 IST

PM Modi to inaugurate 75 digital banking units on Sunday, including 2 of J-K Bank

Of the two DBUs of Jammu and Kashmir Bank, one is the SSI branch at Lal Chowk in Srinagar and…

October 16, 2022 08:56 IST

HDFC Bank posts 22.30 pc jump in Q2 consolidated net at Rs 11,125 cr

The overall share of gross non-performing assets improved to 1.23 per cent of the book as against 1.35 per cent…

October 15, 2022 14:59 IST

Bandhan Bank plans to raise secured part of loan book to 70% in 3 yrs

Bandhan Bank on Thursday announced that it has roped in former captain of the Indian cricket team, Sourav Ganguly, as…

October 14, 2022 07:45 IST

Union Bank of India, Union Bank of India growth, Union Bank of India mclr rate

Union Bank of India hikes MCLR by 15 bps

The bank has set the shorter-term MCLR in the range of 7.15-7.70% while two-year and three-year MCLR is set at…

October 13, 2022 00:45 IST

banking, banking sector, traditional banks, digital banks, digital technologies, internet banking

How does a bank of the future look like?

Advancement in digital technologies and advent of internet banking have pushed the traditional banks in a tight spot.

October 12, 2022 18:33 IST

AU Small Finance Bank hikes FD rates by 60 bps

The increased rates have come to effect from October 10, 2022.

October 12, 2022 14:26 IST

Investment banking fees in India fall 23 pc to USD 668.4 mn in January-September: Report

Completed M&A advisory fees fell 17.8 per cent year-on-year to USD 252.1 million, while loan syndication fees declined 6.2 per…

October 12, 2022 11:08 IST

Credit ratings without lenders’ info cannot be used by banks for capital computation: RBI

Since rating agencies are not making the above disclosure, none of the banks shall reckon the said rating, and therefore…

October 10, 2022 22:24 IST

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