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The net interest income rose marginally to Rs 2,124.7 crore as against Rs 2,071.7 crore.

Bandhan Bank Q3 profit rises 36 pc to Rs 859 cr

Murali Ramakrishnan, MD & CEO, South Indian Bank

‘We expect growth in personal loan, SME & gold loan’

In all the areas of assets and liabilities, we are showing improvement year-on-year and quarter-on-quarter. Our fresh slippages for the…

By Rajesh Ravi

Updated: January 20, 2022 11:02 pm

The Thrissur-based lender had reported a net loss of Rs 91.62 crore during the third quarter of FY21 and a net loss of Rs 187.06 crore in the preceding second quarter.

South Indian Bank registers Rs 50-crore loss in Q3

Meanwhile, during this quarter Bank increased the provision coverage ratio from 65.02% to 68.08% on quarter-on-quarter basis with the help…

By Anish Mondal

Updated: January 20, 2022 10:56 pm

The report of the RBI working group on digital lending, released on November 18, recommended, among other things, the constitution of an SRO covering the participants in the digital lending ecosystem.

FACE applies to RBI to become self-regulatory organisation for digital lending

Another industry body, Digital Lenders’ Association of India, which has over 80 members with $5-6 billion in annual disbursements, is…

By FE Bureau

Updated: January 20, 2022 11:12 pm

PNB Housing Finance, PNB Housing Finance Q3 results, PNB Housing Finance results

PNB Housing Finance’s Q3 PAT down 19% as NPAs rise

During the quarter ended December, PNB Housing’s assets under management (AUM) de-grew 5% on a sequential basis and 14% on…

By FE Bureau

Updated: January 20, 2022 11:21 pm

Bank of Maharashtra, Bank of Maharashtra results, Bank of Maharashtra Q3 results

Bank of Maharashtra’s net profit jumps 110.70% to Rs 325 crore

A S Rajeev, managing director and CEO, BoM attributed this growth in profit to higher net interest income, growth in…

By FE Bureau

Updated: January 20, 2022 11:51 pm

digital lenders, RBI, banking news, self regulatory organisation,

Digital lenders’ body seeks RBI nod to be recognised as an SRO

In a statement, FACE said its application comes on the back of RBI seeking suggestions from industry groups to enforce…

By PTI

Updated: January 20, 2022 8:17 pm

Bank of Maharashtra, Bank of Maharashtra news, Bank of Maharashtra results, Bank of Maharashtra Q3 results

Bank of Maharashtra Q3 net profit more than doubles to Rs 325 crore on higher NII growth

The lender also generated Rs 200 crore through sale of Priority Sector Lending Certificates

By PTI

Updated: January 20, 2022 7:21 pm

BharatPe will continue to be led by its existing CEO Suhail Sameer and the rest of the management team will remain intact.

Kotak case: BharatPe’s Ashneer Grover goes on leave till March-end

“Kotak’s refusal to provide IPO financing to our clients for the Nykaa IPO constitutes a blatant violation of its legal…

By FE Bureau

Updated: January 19, 2022 10:18 pm

“The sharp drop in spending as well as repayment by card holders could explain the drop in utilisation rate,” the report said, adding, “While the urban markets were less impacted by Covid, it does appear that bankers were cautious, especially as the high credit penetrated market saw the slowest growth in cards issued, growth in limits and outstanding.”

Credit card utilisation stays lower than pre-Covid levels

“We had cut limits, but that was a temporary thing and we went back to normal in a matter of…

By Shritama Bose

Updated: January 19, 2022 6:15 pm

BharatPe, Ashneer Grover, Ashneer Grover news, Ashneer Grover latest, Ashneer Grover controversy

BharatPe MD Ashneer Grover takes voluntary leave till March-end

BharatPe will continue to be led by its CEO Suhail Sameer and its management team, the company said in a…

By PTI

Updated: January 19, 2022 7:41 pm

In September 2021, the government had extended the validity of the scheme by six months through March 2022, or until the limit is used up, whichever is earlier.

IBA seeks extension of Rs 4.5L cr loan guarantee scheme by 1 year

It has also pitched for providing an additional dose of 10% of the eligible finance for all eligible borrowers, who…

By Banikinkar Pattanayak

Updated: January 18, 2022 11:53 pm

The smaller NBFCs/MFIs, in particular, have always faced challenges in accessing adequate institutional funding and generally source their funds support from other larger and well-established non-banking companies/SFBs.

SIDBI sanctions Rs 650 cr financial assistance to AU SFB and Jana SFB

SIDBI, in a release on Tuesday, said it has sanctioned the financial assistance to the two small finance banks so…

By FE Bureau

Updated: January 18, 2022 7:55 pm

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