Exuding confidence about the country’s economic growth, the finance minister said that high-frequency indicators are pointing to strong activity on…
Many banks have aggressively invested in these IPOs, thereby boosting their non-interest income. Several major banks have reported an increase…
This hike in MCLR, the third such increase in the last three months, will make loans and equated monthly installments…
The banking system’s liquidity surplus has exceeded the Rs 2 lakh crore mark, which has prompted the RBI to conduct…
Municipal bonds worth Rs 4,204 crore were outstanding as on March 31, 2024 (0.01% of GDP) as compared to Rs…
According to bankers, individuals who have taken more than two personal loans have been hit hardly and are unable to…
The average daily transaction count crossed 500 million in September, up from 483 million in August, according to the National…
The net interest margin shrunk to 4.27% in the first quarter from 4.53% in the same quarter of the previous…
Bank of Baroda’s MD & CEO Debadatta Chand discussed liquidity, RAM segment growth, and GNPA targets amid stable deposit rates.
Domestic gross advances grew 13% annually and 6.5% sequentially to Rs 9.38 lakh crore.
Banks may not reduce deposit rates immediately following a repo rate cut, as they will aim to bolster retail and…
The bank’s provisions and contingencies for the quarter rose 73% quarter-on-quarter to Rs 1,820 crore and 87% year-on-year.
External member Nagesh Kumar, who voted for a 25 basis point rate cut, had said it was an opportune moment…
The bank saw a 12.3% growth in RAM (retail, agriculture, MSME) lending, while corporate lending grew at a moderate 6.3%.
Experts see this deal as part of a broader trend of foreign banks exiting retail banking in India over the…
The bank’s management has previously stated its intention to grow advances at a slower pace than deposits it aims to…
HDB Financial Services is coming with an IPO to comply with the Reserve Bank of India’s mandate in October 2022,…
As of June 2024, Kotak Mahindra Bank’s personal loans, consumer durable loans, and business loans totalled Rs 20,317 crore, while…
