While about Rs 14,000 crore has come in form of deposits, Rs 3,000 crore has been exchanged, SBI chairman Dinesh Khara said.
RBI Governor Shaktikanta Das cautions banks against trying to conceal real status of their stressed loans while red-flagging governance gaps at certain lenders.
Rs 500 note as highest denomination currency is more than enough for India, IDFC First Bank CEO V Vaidyanathan has said while welcoming RBI’s decision to withdraw Rs 2,000 banknotes. Here is why.
Bank of Baroda Kerala Zone Head Sreejith Kottarathil talks about profitability, credit growth and how the staff geared up to control NPA additions and beef up loan recoveries.
The withdrawal of Rs 2,000 currency note is likely to be a non-event but it will have a favourable bearing on liquidity, bank deposits and interest rates, according to a SBI study.
Dhanlaxmi Bank is planning to have the rights issue in Q1 of FY24 but it may get rolled over to the next, says CEO JK Shivan.
Profit of public sector banks touches Rs 1,04,649 crore in FY23; SBI accounts for nearly half of total earnings with annual profit of Rs 50,232 crore.
Punjab National Bank posts net profit of Rs 1,158.61 crore in Q4, up 474.7% YoY, on back of improved underwriting standards, better asset quality and growth in advances.
Bank of Baroda is targeting a credit growth of 12%-13% and expects net interest margin to remain stable at around 3.31%.
Bank of Baroda has exposure of Rs 1,300 crore to Wadia-owned troubled airline; this excludes exposure guaranteed by government under Emergency Credit Line Guarantee Scheme.
Morgan Stanley roughly estimates impact of expected credit loss norms to be in range of 1% to 2.5% of loans.
There is room for repricing of loans and expansion of net interest margins, says Canara Bank MD & CEO Satyanarayana Raju; credit growth could exceed guidance due to strong loan pipeline.
Union Bank of India will be able to maintain net interest margin at 3% in FY24 as it has strong credit pipeline and Rs 2.80 lakh crore of loans are set for repricing, says MD & CEO Manimekhalai.
UCO Bank reports net profit of Rs 1,862 crore in FY23; loan book, global deposits and net interest income also touch record high for any fiscal.
Punjab & Sind Bank plans to add 20 branches and raise Rs 250 crore in FY24, says MD & CEO Swarup Kumar Saha; reports highest-ever net profit in a fiscal.
