On the forex retail platform, which was linked with Bharat Connect bill payment system, receiving a lukewarm response, Bhandia said,…
For private sector banks, the CASA ratio inched up to 34.83% as on September 30, from 34.33% a quarter ago.…
However, the rate of growth continued to fall; now at a 43-month low.
Canara Bank has revised its FY26 advances growth target upwards to 13% (from 10-11%) and its deposit growth target to…
Indian bank deposit rates inched up in September for the first time since the RBI began its rate cut cycle…
On the NSE, shares of Canara Bank closed 3.1% higher at Rs 132.78 on Thursday. This was the last earnings…
The small finance bank reported a year-on-year growth of 5% in its net profit to Rs 35 crore for the…
On Monday, the bank reported a net profit of ₹318 crore, up 4.9% year-on-year for the quarter ended September. Net…
The company added 53 branches year-on-year, taking the count to 356, with plans to add another 40-50 branches by FY26,…
Disbursements in the affordable and emerging markets segment increased by 30.7% and 23.0% respectively, contributing 50% of the total retail…
Following the reduction in GST rates on automobiles, Indian banks are aggressively expanding their vehicle finance portfolios to capitalize on…
Kotak Mahindra Bank’s Q2 net profit fell nearly 3% year-on-year to Rs 3,253.33 crore, below analyst estimates, primarily due to…
When contacted over email with queries on due diligence and its formal interest in acquiring IDBI Bank, a Kotak spokesperson…
The management said it has been working with customers to increase the EMI portfolio, but on the revolver book, the…
In the half-year ended June, 125.49 billion transactions were carried out, amounting to Rs 1,572 lakh crore — underscoring the…
A report by ICICI Securities noted that while microfinance slippages may have peaked, write-offs are likely to remain elevated due…
In the long term, the bank plans to inch up the return on equity (RoE) to 13.5% for FY27 and…
“GDP growth for FY26 is now revised upwards to 6.8%. Still, the latest growth projections for H2 are lower than…
