Nearly 97.38 per cent Rs 2,000 notes returned to banking system; Rs 9,330 crore still with public: RBI
FM Nirmala Sitharaman reviews performance of 10 regional rural banks in the South, emphasises digital expansion
AU Small Finance Bank profit rises 32% as provisions fall The bank made provisions of Rs 38 crore, lower by 81% YoY because of improvement in the asset quality and… By FE BureauJuly 21, 2022 02:00 IST
IndusInd Bank Q1FY23 profit up 61% on lower provisions, higher income The advances book grew 18% on a y-o-y basis to Rs 2.48 trillion as on June 30, 2022 and deposits… By Shritama BoseJuly 21, 2022 00:00 IST
SBI to raise Rs 11,000 crore in Basel III bonds in FY23, gets board nod “The central board of the bank at its meeting held today i.e.,20.07.2022, inter alia accorded approval for raising capital by… By Shritama BoseJuly 20, 2022 19:10 IST
NBFCs, HFCs asset under management likely to grow at 9-11 pc in FY23: Report Incrementally, in view of the increasing interest rate scenario and competitive pressures, entities may look to increase the share of… By PTIJuly 20, 2022 17:26 IST
Urban cooperative banks to have 4-tiered regulatory framework For Tier 2, Tier 3 and Tier 4 UCBs, while retaining the current capital adequacy framework, the RBI has revised… By FE BureauJuly 20, 2022 01:31 IST
RBI says products of 4 entities viable for cross border payments under regulatory sandbox Regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators… By PTIJuly 19, 2022 19:14 IST
RBI imposes restrictions on 2 co-op banks; customers cannot withdraw funds The restrictions on Sri Mallikarjuna Pattana Sahakari Bank Niyamita, Maski (Karnataka) and Nashik Zilla Girna Sahakari Bank, Nashik (Maharashtra) will… By PTIJuly 19, 2022 15:49 IST
53 years of bank nationalisation: Time to bid adieu to public-sector Banks? The market cap of HDFC Bank alone is more than that of all PSBs put together. But the immense social… July 19, 2022 10:15 IST
Yes Bank to invest Rs 350 crore for 20% in JC Flowers ARC The bank is holding provisions worth 81% of the portfolio identified for the transfer and the net carrying value of… By FE BureauJuly 19, 2022 05:45 IST
IndusInd Bank approves raising Rs 20,000 crore The fundraising plan of the bank is subject to the approval of its shareholders. By FE BureauJuly 19, 2022 02:45 IST
Bank of Maharashtra reports 117% increase in Q1 net profit The Pune-based bank also reported a near 9% increase in its pre-provisioning operating profit in Q1FY23, despite a decline in… By FE BureauJuly 19, 2022 02:30 IST
Govt, RBI measures help banks recover bad loans worth over Rs 8.6 lakh crore in last 8 fiscal Minister of State for Finance Bhagwat Karad in a written reply to the Lok Sabha said the occurrence of non-performing… By PTIJuly 18, 2022 16:17 IST
Mid-sized lenders try diverse ways to meet credit demand Non-food credit grew 13.8% year-on-year (y-o-y) and deposits grew 9.8% y-o-y during the fortnight ended July 2, as per data… By Shritama BoseJuly 18, 2022 10:00 IST
Shriram Group’s non-banking financial entities to get amalgamated by December quarter:MD & CEO YS Chakravarti Post-merger, the combined entity, Shriram Finance, will have five joint managing directors (JMDs) who will be the five geographical heads. By PTIJuly 17, 2022 15:27 IST
Q1 Performance: HDFC Bank net up 19% at Rs 9,196 crore This was due to a decision to shift the asset mix to higher rated loans during the pandemic period, which… By FE BureauJuly 17, 2022 05:00 IST
Lender’s AGM: HDFC Bank is looking at strengthening overall security environment, says chairman Atanu Chakraborty “Given the anticipated resurgence of growth in GDP, the huge scale of the banking opportunity in India, the enormous strength… By FE BureauJuly 17, 2022 04:30 IST
HDFC Bank closely monitoring regulatory approval process for merger The merger is yet to receive approval from the Competition Commission of India (CCI), the National Company Law Tribunal (NCLT)… By FE BureauJuly 17, 2022 04:15 IST
Revive cooperative banks to extend more long-term loans to farmers: Amit Shah The government is building a database on cooperatives for expansion of this sector, which is important for boosting farm growth… By PTIJuly 16, 2022 16:07 IST
