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Category: Finance
Equitas SFB net declines 60% on higher provisioning
PN Vasudevan, MD & CEO, said, “With no lockdowns and spread of virus largely under control, the bank saw an improved performan...
RBI exempts borrowers with less than Rs 5-crore bank lo...
FE had reported on September 4 that the Indian Banks’ Association (IBA) had requested the RBI to exempt accounts held by the gover...
Bandhan Bank posts whopping Rs 3,009-crore loss in Q2 a...
Net interest income (NII) for the quarter stood at Rs 1,935.41 crore, against Rs 1,923.09 crore in the year-ago period. Net intere...
Indian Bank Q2 net profit jumps 164% to Rs 1,089 crore
Advances grew by 5% to Rs 3, 85,730 crore from Rs 3,65,896 crore, primarily driven by growth in RAM sector (13%). RAM constitutes ...
Will focus on retail, corporate sectors for credit grow...
The bank has rationalised around 250 branches as part of amalgamation of Allahabad Bank into itself. Currently, it has 5,759 domes...
UCO Bank Q2 net soars nearly 7-fold, asset quality impr...
Operating profit during the period grew 24% y-o-y to Rs 1,334.16 crore. Net interest income (NII) grew 14.68% y-o-y to Rs 1,597.73...
Bank Holidays November 2021: Banks to remain shut for u...
Banks will be closed for up to 17 days across the country in November 2021.
MoS Finance Karad urges banks to improve credit penetra...
Karad, who is on a week long tour to Assam, Tripura and Manipur, reviewed the performance of various flagship schemes of the gover...
Indian Overseas Bank net profit spurts 154%; bad assets...
Sengupta said the bank had total cash recovery of Rs 831.77 crore which includes recovery from tech write off of Rs 428.61 crore, ...
We want to be cautious about entering the credit busine...
Of our revenues, 30%-odd is remittances. Another 30-35% is the cash withdrawal product, which is micro ATM and AePS (Aadhaar enabl...
IndusInd Bank Q2 profit up 72% on higher income, lower ...
Restructured advances constituted 3.6% of the bank’s loan book. “If you look at our conservative simulation of credit costs from t...
After 6 years, we are in for fresh start, says Partha P...
Indian Overseas Bank, which recently came out of the prompt corrective action (PCA) by the RBI, says it will chalk out strategies ...