Punjab & Sind Bank CEO Swarup Kumar Saha says fall in profit in Q1 was only a blip; mutual fund distribution platform to be set up with fintech partner and go live in Q4.
Sashidhar Jagdishan’s pay pack of Rs 10.55 crore in FY23 is Rs 80 lakh more than Axis Bank’s Amitabh Chaudhry and Rs 95 lakh more than ICICI’s Sandeep Bakhshi.
Bank of Baroda’s Q1 net interest income rose 24.4% YoY to Rs 10,997 crore on the back of an 18% growth in global advances and a traction in net interest margin.
Punjab National Bank, Bank of Maharashtra and Union Bank of India occupy top three positions in maximum number of collateral-free MSME loans up to Rs 10 lakh and Rs 10 lakh to Rs 25 lakh.
State Bank of India’s credit up 14% in Q1 over the earlier year and deposit by 12%; bank eyes 15% loan growth in FY24, says chairman Dinesh Khara.
Despite the HDFC-HDFC Bank merger, SBI chairman Dinesh Khara reiterates that the state-owned bank will continue to lead the home loan market.
SBI’s corporate lending pipeline has Rs 3.5 lakh crore; chairman Dinesh Khara says don’t see any stress in large and mid-corporate loans.
The fundraise will be through issuance of equity shares and or other equity-linked securities, in one or more tranches, through one or more permissible modes.
IDFC First Bank’s gross NPAs improve to 2.17% in Q1 from 3.36% a year ago; net NPA ratio is at 0.70% from 1.30%.
Bank of India’s Q1 net profit surges to Rs 1,551 crore in June quarter; CEO Rajneesh Karnatak hopes to contain NPA ratio at below 6% while eyeing credit growth of 12% in FY24.
Indian Bank’s gross NPA falls to 5.47% in June quarter, from 8.13% a year ago; net NPA declines to 0.70% from 2.12%.
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Improvement in asset quality prompts Punjab National Bank to revise its guidance for gross NPAs to 6.5% and net NPAs to 1% for FY24.
Axis Bank’s loan book grows 22% YoY to Rs 8.58 lakh crore in the quarter ended June; deposits are up 17% YoY.
Banks’ total loan write-offs moved to Rs 10.57 lakh crore in last five years; they could only recover 18.60% of write-offs during last three years.
Canara Bank’s Q1 net interest income rises 28% YoY to Rs 8,666 crore; net interest margin improves to 3.05% from 2.78%.
