RBI Governor Shaktikanta Das explains on central bank’s decision to retain repo rate at 6.50%, revise inflation rate projection for FY24 and increase incremental CRR as a measure to absorb surplus liquidity.
Renewal of government guarantee comes after a gap and is set to restart flow of NPA accounts of banks to NARCL; movement will, however, depend on other factors like right pricing.
Largest amount of Rs 21,044.4 crore has come on account of non-maintenance of minimum balance; major banks also collect over Rs 8,000 crore for ATM transactions beyond free numbers since 2018.
State Bank of India has no plans to spin off YONO as a subsidiary or list it, says chairman Dinesh Khara; former head Rajnish Kumar had said valuation would get reflected once it is hived off.
Public sector banks have more than doubled their profits to Rs 34,774 crore in quarter ended June 2023 over the year-ago period.
Canara Bank has set up 500 jewel loan shops in its branches; 80% of its Rs 1.3 lakh crore gold loan biz comes from South India, says CEO Satyanarayana Raju.
Out of the total Rs 14,56,226 crore, written off loans of large industries and services stood at Rs 7,40,968 crore in last nine years starting 2014-15, Minister of State For Finance Bhagwat Karad said.
Punjab & Sind Bank CEO Swarup Kumar Saha says fall in profit in Q1 was only a blip; mutual fund distribution platform to be set up with fintech partner and go live in Q4.
Sashidhar Jagdishan’s pay pack of Rs 10.55 crore in FY23 is Rs 80 lakh more than Axis Bank’s Amitabh Chaudhry and Rs 95 lakh more than ICICI’s Sandeep Bakhshi.
Bank of Baroda’s Q1 net interest income rose 24.4% YoY to Rs 10,997 crore on the back of an 18% growth in global advances and a traction in net interest margin.
Punjab National Bank, Bank of Maharashtra and Union Bank of India occupy top three positions in maximum number of collateral-free MSME loans up to Rs 10 lakh and Rs 10 lakh to Rs 25 lakh.
State Bank of India’s credit up 14% in Q1 over the earlier year and deposit by 12%; bank eyes 15% loan growth in FY24, says chairman Dinesh Khara.
Despite the HDFC-HDFC Bank merger, SBI chairman Dinesh Khara reiterates that the state-owned bank will continue to lead the home loan market.
SBI’s corporate lending pipeline has Rs 3.5 lakh crore; chairman Dinesh Khara says don’t see any stress in large and mid-corporate loans.
The fundraise will be through issuance of equity shares and or other equity-linked securities, in one or more tranches, through one or more permissible modes.
