RoA target of 1% by FY25 key monitorable for Yes Bank: Analysts Yes Bank’s management has guided for a credit cost of 0.25-0.3% for FY23, down from 0.55% in FY22. By Shritama BoseAugust 2, 2022 01:50 IST
We are targeting to recover Rs 8, 000 crore this fiscal: Indian Bank MD and CEO Shanti Lal Jain Indian Bank is taking multi-layered approach to achieve consistent business growth, starting with building capabilities and streamlining operations. By Sajan C KumarAugust 2, 2022 00:30 IST
Risk pricing much better now compared to last year: Bank of Baroda MD & CEO Sanjiv Chadha Bank of Baroda (BoB) expects net interest margins (NIMs) to improve by 10 basis points (bps) as loans get repriced… By Shritama BoseAugust 2, 2022 00:10 IST
Union Bank expects to recover Rs 15,000 crore from bad loans this fiscal Rest of recovery was through traditional modes such as sale of properties, one-time settlement and Debt Recovery Tribunal (DRT) resolutions. By PTIUpdated: August 1, 2022 18:26 IST
Piramal Group charts growth path for financial services business Piramal Group chairman Ajay Piramal said the financial services arm is planning to expand the branch network further by adding… By PTIAugust 1, 2022 17:31 IST
ICICI Bank, Bank of India hike MCLR ahead of RBI policy The RBI’s monetary policy committee (MPC) is scheduled to meet from August 3-5. Updated: August 2, 2022 00:50 IST
Banks seek relief from RBI on personal loan overdraft norms Through the master circular, the central bank has asked banks to formulate a policy on issuing debit cards to customers… By Banikinkar PattanayakAugust 1, 2022 01:50 IST
Bank of Baroda profit rises 79% as provisions slide BoB’s shares ended at Rs116.25 on the BSE on Friday, 0.81% lower than their previous close. By FE BureauJuly 31, 2022 03:15 IST
Indian Bank profit rises 3% to Rs 1,213 crore The bank’s total business recorded a growth of 9% reaching the level of Rs10, 09, 454 crore as against Rs9,29,708… By FE BureauJuly 31, 2022 01:00 IST
DCB Bank net profit up 188% in Q1 At an operational level however, the lender posted a 18% y-o-y fall in its pre-provisioning operating profit to Rs 166… By FE BureauJuly 31, 2022 00:45 IST
IDFC First Bank posts profit at Rs 474 crore in Q1FY23 The bank saw a loan growth of 21% y-o-y to Rs 1.4 trillion, with retail and commercial loans at 1.01… By FE BureauJuly 31, 2022 00:40 IST
HDFC raises RPLR by 50 bps effective Monday This is the first hike in RPLR rates by HDFC in the quarter ended September 30. By FE BureauJuly 31, 2022 00:15 IST
HDFC hikes lending rate by 25 bps; home loan to be costlier The rate hike comes ahead of the RBI’s Monetary Policy Committee meeting later next week. By PTIUpdated: July 30, 2022 21:30 IST
Indian Bank Q1 net up marginally at Rs 1,213 cr on tepid income growth Total income of the bank during the April-June period of 2022-23 rose marginally to Rs 11,758.29 crore from Rs 11,444.27… By PTIJuly 30, 2022 18:54 IST
IDFC First Bank reports highest ever net profit at Rs 474 cr in June quarter On the key ratios, the capital adequacy stood strong at 15.77 per cent as of June 30, 2022, the bank… By PTIJuly 30, 2022 17:33 IST
Bank of Baroda Q1 profit rises 79 pc to Rs 2,168 crore The capital adequacy ratio (CAR) at the end of the quarter stood at 15.46 per cent with CET-1 at 12.97… By PTIJuly 30, 2022 17:10 IST
Cholamandalam Investment and Finance reports Q1 standalone profit at Rs 565.66 Cr The standalone total income during the quarter under review grew to Rs 2,770.93 crore from Rs 2,478.21 crore registered same… By PTIJuly 30, 2022 13:47 IST
Carlyle, Advent to invest $1.1 billion in Yes Bank Yes Bank was rescued in March 2020 by a clutch of financial sector entities after its capital ratios came close… By Shritama BoseJuly 30, 2022 05:20 IST
