Microloans to be extended to SHGs and joint liability groups of women enrolled under Sustainable Livelihoods Initiative of HDFC Bank.
Reserve Bank of India approves appointment of Pradeep Natarajan as Whole Time Director on board of IDFC First Bank for a period of three years.
SBI will look to reprice infrastructure loans if RBI’s draft on project financing gets implemented, says chairman Dinesh Khara.
Indian Bank CEO Shanti Lal Jain sets stiff targets on recovery, loan growth and deposit expansion; aim is to cross Rs 1 lakh cr biz transactions through digital channels in FY25.
Kotak Mahindra Bank’s Q4 net interest income was at Rs 6,909 crore, up 13% from Rs 6,103 crore a year ago.
Only Rs 7,961 crore worth of the withdrawn Rs 2,000 banknotes are still with the public.
Bank credit to industry up 8.5% in March 2024 compared to 5.6% a year ago; personal loans see a moderation, as per RBI data.
Board of IDFC First Bank approves re-appointment of Vaidyanathan as MD and CEO for new period of three years; current term expires on 18 December 2024.
IDFC First Bank’s provisions for bad loans rise 50% amounting to Rs 722 crore in Q4; net profit falls 9.8% to Rs 724 crore.
Bank of Maharashtra’s Q4 net profit up 45% to Rs 1,218 crore compared to Rs 840 crore a year ago amid fall in bad loans and rise in interest income.
Axis Bank reported a net profit of Rs 7,130 crore for the quarter ended 31 March 2024, as against a loss of Rs 5,728.42 crore a year ago.
HDFC Bank CEO Sashidhar Jagdishan says lender will not use pricing to crank up pace of deposit growth; focus will be on improvement of profitability matrix.
Co-lending model attracts AUM worth almost Rs 1 lakh crore in last five years, says Crisil; growth in personal loans likely to be impacted because of RBI's measures adopted last year.
Union Bank of India raises Rs 4,200 crore from foreign markets to fund overseas business growth.
Canara Bank launches slew of new products, including loan scheme to meet shortfall of hospital expenditure.
