Canara Bank CEO Satyanarayana Raju says CASA ‘shortfall’ has come amid liquidity issues, stiff competition and stability of payment platforms; opening of 250 branches a year has eye on CASA deposits and biz growth.
State-owned banks report highest-ever aggregate net profit of Rs 1.29 lakh crore and operating profit of Rs 2,20,243 crore in nine months of the financial year.
State Bank of India posts net profit of Rs16,891 crore in Q3, but margins are lower and deposit mobilisation stays weak; chairman Setty is confident that credit growth will be 14-16% in FY25.
Punjab National Bank’s Q3 net at Rs 4,508 cr; aims to recover bad loans worth Rs 5,000 crore to Rs 6,000 crore in Q4 of FY25.
Union Bank of India CEO Manimekhalai says business growth in FY25 could be closer to lower end of guidance range; Q3 net up 28% on back of non-interest income but NIM falls due to spike in cost of funds.
Canara Bank Q2 net profit rises 12.25% to Rs 4,104.20 crore despite NIM narrowing, as it was aided by non-interest income.
Federal Bank reports net profit of Rs 955 cr in Q3; NII up 15% YoY to Rs 2,431 cr and NIM at 3.11%.
RBI to take steps to inject liquidity into banking system, including purchase of government securities worth Rs 60,000 crore in three tranches.
In his first meeting with bank CEOs, RBI Governor Sanjay Malhotra flagged rise in digital frauds and urged banks to put in place robust and proactive systems.
ICICI Bank Q3 net profit jumps to Rs 11,792 crore; slippages in retail and rural credit see a rise.
Liquidity shortage in banking system is caused by RBI’s persistent dollar sales to protect the rupee as well as seasonal drivers such as tax outflows.
HDFC Bank CFO Srinivasan Vaidyanathan says bank to regain market share and grow loans higher than system in FY27, after bringing down CD ratio.
Axis Bank Q3 net up 3.83% at Rs 6,304 cr; deposits and loans grow the slowest in 15 quarters while slippages in unsecured retail are elevated.
Punjab & Sind Bank is poised to clock net profit of over Rs 1,000 crore this fiscal, CEO Swarup Kumar Saha said.
Bank of Maharashtra’s total biz crosses Rs 5 lakh crore for first time; loan growth up 21% in Q3 to Rs 2.28 lakh cr despite tighter underwriting standards.
