Govt cuts borrowing target in FY23 on tax mop up

Govt cuts borrowing target in FY23 on tax mop up

The Indian government has slashed its borrowing for FY23 by Rs 10,000 crore, partly helped by buoyan..

Bank of Baroda eyes Rs 13,000-cr recovery in FY23

Bank of Baroda eyes Rs 13,000-cr recovery in FY23

Bank of Baroda is expecting a sharp improvement in its asset quality as it targets recovery of Rs 13..

PNB CEO targets higher bad loan recovery, double-digit credit growth in FY23

PNB CEO targets higher bad loan recovery, double-digit credit growth in FY23

Punjab National Bank (PNB) is looking to recover Rs 32,000 crore worth of bad loans and reduce its n..

IndusInd Bank eyes 20% credit growth in FY23

IndusInd Bank eyes 20% credit growth in FY23

Private sector lender IndusInd Bank reported a 64.4% year-on-year rise in net profit to Rs 1,603.29 ..

SBI plans to raise Rs 11,000 cr in FY23

SBI plans to raise Rs 11,000 cr in FY23

State Bank of India (SBI) has received board approval to raise up to Rs 11,000 crore through issuanc..

Canara Bank board approves capital raise of Rs 9,000 cr in FY23

Canara Bank board approves capital raise of Rs 9,000 cr in FY23

The board of Canara Bank on 24 June approved a Rs 9,000 crore capital raising plan through a combina..

 SBI posts record quarterly profit, eyes double-digit credit growth in FY23

SBI posts record quarterly profit, eyes double-digit credit growth in FY23

State Bank of India (SBI), which reported its highest ever quarterly profit, is looking to grow its ..

SBI to raise $2 bn via bonds in FY23

SBI to raise $2 bn via bonds in FY23

The board of State Bank of India (SBI) on Tuesday approved raising up to $2 billion via overseas bon..

RBI cuts GDP growth forecast to 7.2% for FY23

RBI cuts GDP growth forecast to 7.2% for FY23

The Reserve Bank of India (RBI) has lowered India's GDP growth for FY23 to 7.2% from its earlier gui..

Bank of Maharashtra raises Rs 290 cr, eyes 16% credit growth in FY23

Bank of Maharashtra raises Rs 290 cr, eyes 16% credit growth in FY23

Bank of Maharashtra, which raised Rs 290 crore by issuing Basel III compliant additional tier 1 (AT1..

Punjab National Bank to consider debt raising plan for FY23 on 29 March

Punjab National Bank to consider debt raising plan for FY23 on 29 March

State-owned Punjab National Bank will convene a board meeting later this month to decide on its capi..

RBI pegs GDP growth at 7.8% for FY23

RBI pegs GDP growth at 7.8% for FY23

The Reserve Bank of India (RBI) has projected India’s economic growth rate for the financial year 20..

RBI projects retail inflation at 4.5% in FY23

RBI projects retail inflation at 4.5% in FY23

The Reserve Bank of India (RBI) has projected lower retail inflation of 4.5% in FY23 amid expectatio..

Govt not to infuse capital in PSU banks in FY23

Govt not to infuse capital in PSU banks in FY23

The budget has not provided for any capital infusion in public sector banks in 2022-23.  “..

RBI to issue digital rupee in FY23

RBI to issue digital rupee in FY23

The Reserve Bank of India (RBI) will issue a digital rupee using blockchain and other technologies i..