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Union Bank of India net up 21%; provisions rise 4% The increase in provisions of Rs 4,077 crore in Q2FY23 came on the back of higher provisioning on standard assets. By FE BureauUpdated: October 21, 2022 13:45 IST
Canara Bank reports 89% increase in profit The bank made provisions of Rs 3,637 crore in Q2FY23. By FE BureauUpdated: 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… By FE BureauUpdated: October 21, 2022 07:24 IST
Axis Bank net profit jumps 70 pc at Rs 5,330 crore in July-Sep quarter The country’s third largest private sector lender had posted a net profit of Rs 3,133.32 crore in the year ago… By PTIUpdated: October 20, 2022 17:55 IST
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… By PTIOctober 20, 2022 17:00 IST
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. By FE BureauOctober 20, 2022 04:30 IST
IndusInd Bank profit soars 60% on lower provisioning The bank’s pre-provisioning operating profit (PPOP) improved 11% to Rs 3,520 crore, aided by a 9% increase in other income,… By FE BureauOctober 20, 2022 03:00 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. By FE BureauUpdated: October 19, 2022 07:47 IST
Axis Bank hikes MCLR by 25 bps In other brackets, Axis Bank is offering loans in the range of 8.15-8.30% for smaller maturities and 8.45-8.50% for longer… By FE BureauOctober 19, 2022 00:05 IST
Securitisation volumes jump 48 pc in H1FY22, says Crisil Mortgage-backed securitisation loans remain the largest segment among asset classes, accounting for 40 per cent of market volume, followed by… By PTIOctober 18, 2022 17:23 IST
Merchant bankers can’t undertake any business other than those related to securities market: Sebi The clarification came after PNB Investment Services, which is registered as a merchant banker, sought informal guidance on whether it… By PTIUpdated: October 18, 2022 15:41 IST
Further expansion of small business loans after review of six months’ performance: Sundaram Home Finance Sundaram Home Finance, the housing finance arm of Chennai-based NBFC Sundaram Finance, expects to achieve disbursements of Rs 10-15 crore… By Sajan C KumarOctober 18, 2022 02:50 IST
Fight against inflation will be dogged, prolonged: RBI The focus of the monetary policy, however, will remain on bringing down retail inflation even as the metric continues to… By FE BureauOctober 18, 2022 02:10 IST
Lower provisions, higher NII boost Bank of Maharashtra net profit 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… By FE BureauOctober 18, 2022 00:40 IST
SBI cuts savings deposit rate by 5 basis points to 2.70 pc; BoB raises FCNR deposit rates The revised rates are applicable on fresh and existing FCNR deposits which are renewed on maturity, the lender said. By PTIOctober 17, 2022 21:40 IST
Bank of Maharashtra Q2 profit doubles to Rs 535 crore on higher interest income Talking about the financial performance, BoM managing director A S Rajeev said the increase in profit can be attributed to… By PTIOctober 17, 2022 17:44 IST
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… By FE BureauOctober 17, 2022 06:05 IST
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.… By Banikinkar PattanayakOctober 17, 2022 04:15 IST
Asia Cup 2025, India vs Sri Lanka Preview: Will the pitch and weather make a difference in tonight’s high-voltage clash?
