ICICI Bank’s Q1 net interest income up 38% YoY to Rs 18,227 crore; net interest margin rises to 4.78% from 4.01%.
Union Bank of India’s ‘Empower Her and Empower Him’ programme, which completed one year, is particularly encouraging women employees to come out of stagnation and apply for promotions.
Union Bank of India has about Rs 75,000 crore of loans which we can reprice over the next three quarters, says CEO Manimekhalai.
HDFC Bank CEO Sashidhar Jagdishan speaks on new role lender can undertake due to size of balance sheet after merger; he also expresses concerns over attrition rate at the bank.
South Indian Bank’s net interest income rises 34% to Rs 807.77 crore in the quarter ended June 2023.
CSB Bank posted a 15% year-on-year rise in net profit to Rs 132.23 crore in the June quarter, led by a decline in bad loans.
Public sector banks play crucial role in bridging economic divide in society; they are in real danger of privatisation, says AIBOC general secretary Rupam Roy.
The Mahila Samman Savings Certificate, 2023 offers a secured investment option for a woman for herself or by the guardian on behalf of a minor girl.
Union Bank of India has mobilised Rs 17.58 crore in 5,653 Mahila Samman Savings Certificate beneficiary accounts, after introducing it on 30 June.
Bank of Maharashtra sees 25% growth both on the credit and deposit side; total business touches Rs 4.19 crore, up 24.82%.
Bank of Baroda plans to sell up to 49% stake in its credit card business arm, BOB Financial Solutions Ltd.
Given the bank’s profitability, asset quality and capital position, HDFC Bank CEO Sashidar Jagdishan says the aim is to add another HDFC Bank every four years.
Profit of public sector banks in last nine years triples to Rs 1.04 lakh crore due to initiatives taken by government, FM Nirmala Sitharaman said.
After 45 years of running HDFC and overseeing growth of India’s largest private sector bank from its birth days, Deepak Parekh decides to hang up his boots. He leaves behind a rich legacy.
The new HDFC Bank entity will rank fourth in equity market capitalisation, behind JPMorgan Chase & Co, Industrial and Commercial Bank of China and Bank of America.
