Punjab & Sind Bank reported Q2 net profit of Rs 218 crore compared to a net loss of Rs 401 crore in the year-ago quarter.
Indian Bank Q2 net profit at Rs 1,089 crore is up 164% YoY; two accounts of Srei group, worth Rs 1,800 crore, classified as NPA.
The reappointment of Shaktikanta Das for three more years till December 2024 signals continuity of monetary policy and gives greater stability to government-RBI relations.
Union Bank of India has reduced its interest rates on home loan to an all-time low of 6.40%, going below competitors like State Bank of India and becoming the most competitive in the industry.
Indian Overseas Bank, which came out of RBI’s PCA, has reported a 2.5-fold jump in Q2 net to Rs 376 crore compared to Rs 148 crore a year ago
Axis Bank reported a net profit of Rs 3,133 cr in Q2 on the back of elevated loan growth, lower provisioning and better asset quality.
Kotak Mahindra Bank posts 7% fall in standalone net profit to Rs 2,032 crore in September quarter; gross NPA ratio stands at 3.19%.
RBI brings NBFCs under 4-tiered regulatory structure based on their size, activity and perceived riskiness; also sets ceiling of Rs 1 cr per borrower for financing subscriptions to IPO.
Historic quarterly net profit of Rs 5,511 crore in Q2 comes on back of a 25% core income growth; retail loans continue to pump up growth but see rise in delinquencies.
Rajneesh Karnatak assumes charge as executive director of Union Bank of India; he last served as CGM of Punjab National Bank.
Federal Bank’s net interest income is high and we have curtailed large slippages, said CEO Shyam Srinivasan.
RBI has approved Amitabh Chaudhry's re-appointment for another three-year period, with effect from 1 January, 2022.
RBI carries out scrutiny in a customer account maintained with SBI; finds deficiencies in regulatory compliance and delay in reporting of fraud.
RBI slaps penalty of Rs 1.95 cr on Standard Chartered Bank for failing to report a cyber security incident under the prescribed time frame.
HDFC Bank Q2 net at Rs 8,834.31 cr, up 17.6% from Rs 7,513.11 crore a year ago. This comes on back of higher other income while provisions are marginally up.
