IDFC First Bank shareholders approve merger of IDFC Ltd with lender

IDFC First Bank shareholders approve merger of IDFC Ltd with lender

IDFC First Bank’s shareholders and non-convertible debenture (NCD) holders have approved a proposal ..

Bank of Maharashtra tops among PSU banks in biz growth in FY24

Bank of Maharashtra tops among PSU banks in biz growth in FY24

Bank of Maharashtra has posted the highest growth rate last fiscal in terms of total business and de..

HDFC Bank gets $500mn from IFC to push micro loans to women

HDFC Bank gets $500mn from IFC to push micro loans to women

HDFC Bank has raised $500 million from International Finance Corporation (IFC) for onlending to unde..

RBI approves Natarajan’s appointment as IDFC First Bank’s whole time director

RBI approves Natarajan’s appointment as IDFC First Bank’s whole time director

The Reserve Bank of India (RBI) has approved the appointment of Pradeep Natarajan as Whole Time Dire..

RBI flags supervisory concerns over functioning of ARCs

RBI flags supervisory concerns over functioning of ARCs

The Reserve Bank of India (RBI) has raised several supervisory concerns on the functioning of asset ..

Creditors’ haircuts in bankruptcy cases rise to 73% in FY24

Creditors’ haircuts in bankruptcy cases rise to 73% in FY24

The haircuts taken by creditors in bankruptcy resolutions have increased to 73% in FY24, from  ..

Canara Bank to shed low-interest corporate loans, says CEO

Canara Bank to shed low-interest corporate loans, says CEO

Canara Bank is ready to shed Rs 70,000 of corporate loans that are riding on low interest rate so th..

Union Bank’s Q4 net profit highest in 30 quarters

Union Bank’s Q4 net profit highest in 30 quarters

Union Bank of India has clocked a net profit of Rs 3,311 crore for the quarter ended March 2024, hig..

RBI’s proposed project finance norms manageable, says Union Bank CEO

RBI’s proposed project finance norms manageable, says Union Bank CEO

The Reserve Bank of India’s proposals on project finance will not have a big impact on Union Bank of..

PNB plans Rs 7,500 crore capital raise via QIP

PNB plans Rs 7,500 crore capital raise via QIP

Punjab National Bank (PNB) plans to complete a significant share sale to institutional investors wit..

Bank of Baroda’s Q4 net profit takes punch from Go First, pension provisions

Bank of Baroda’s Q4 net profit takes punch from Go First, pension provisions

Bank of Baroda’s net profit for the quarter ended March rose a measly 2.3% to Rs 4,886 crore from Rs..

Why Canara Bank CEO feels RBI’s proposed infra loan norms will unlikely impact margins

Why Canara Bank CEO feels RBI’s proposed infra loan norms will unlikely impact margins

Canara Bank’s internal cash accruals will provide sufficient cushion in case it has to provision for..

SBI Q4 net up 24%, GNPA lowest in 10 years

SBI Q4 net up 24%, GNPA lowest in 10 years

State Bank of India (SBI) beat market estimates by a wide margin to post a 24% rise in net profit to..

SBI hiring 12,000 employees for IT and other roles

SBI hiring 12,000 employees for IT and other roles

State Bank of India (SBI) is in the process of hiring around 12,000 employees for information techno..

PNB’s Q4 net profit surges 160% as bad loans decline

PNB’s Q4 net profit surges 160% as bad loans decline

Punjab National Bank, the country’s third largest public sector lender, reported a 160% surge in net..