Bank of Maharashtra’s asset quality stayed stable and net interest income jumped as it reported a standalone net profit of Rs 919.8 crore in Q2, up 72% from Rs 535.1 crore a year ago.
IDBI Bank has deferred tax assets of Rs 11,520 crore and 120 properties in top seven cities, government informs prospective asset valuers.
Banks see dip in CASA deposits as savers shift towards term deposits due to higher interest rates, according to a survey by by Ficci and IBA.
CPI-based inflation eases to 5.02% in September from 6.83% in August, mainly on account of a moderation in food prices. Retail inflation was at 7.44% in July while in June it was at 4.8%.
IDFC First Bank has entered into an agreement with National Securities Depository Limited to sell one of its premises in Mumbai for Rs 198 crore.
RBI may have to consider OMO sales to manage liquidity, consistent with the stance of monetary policy, said RBI Governor Shaktikanta Das.
Even as media reported that net financial savings of households plummeted to a five-decade low, RBI deputy governor Michael Patra on Friday said the quarterly numbers showed an upward movement towards the historical trend.
While repo rate is unchanged at 6.5%, RBI Governor Shaktikanta Das signals liquidity conditions would be kept tight to bring inflation closer to the 4% target.
RBI Governor Shaktikanta Das said Rs 12,000 crore of the Rs 3.56 lakh crore worth of Rs 2,000 notes in circulation as on May 19, 2023 are yet to come back.
ICICI Bank has allotted 4,00,000 senior unsecured redeemable long-term bonds in the nature of non-convertible debentures aggregating to Rs 4,000 crore on private placement basis.
In first quarter after merger, HDFC Bank posts loan book growth of 10.5% over year-ago and deposits surge 30% but CASA falls.
Despite being caught in controversy when independent director Sridhar Kalyanasundaram levelled charges against board of directors while resigning last month, Dhanlaxmi Bank has posted strong performance in September quarter.
Three months after the parent’s merger with HDFC Bank, the country’s largest private sector lender is revamping some parts of top management as it seeks to propel its mortgages business.
RBI Governor Shaktikanta Das said central bank has noticed "excessive dominance" by one or two board members even in "big commercial banks" and asked lenders to correct this.
SBI is adopting a unique way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly instalments with a pack of chocolates.
