Bank of Baroda is targeting a credit growth of 12%-13% and expects net interest margin to remain stable at around 3.31%.
Bank of Baroda has exposure of Rs 1,300 crore to Wadia-owned troubled airline; this excludes exposure guaranteed by government under Emergency Credit Line Guarantee Scheme.
Morgan Stanley roughly estimates impact of expected credit loss norms to be in range of 1% to 2.5% of loans.
There is room for repricing of loans and expansion of net interest margins, says Canara Bank MD & CEO Satyanarayana Raju; credit growth could exceed guidance due to strong loan pipeline.
Union Bank of India will be able to maintain net interest margin at 3% in FY24 as it has strong credit pipeline and Rs 2.80 lakh crore of loans are set for repricing, says MD & CEO Manimekhalai.
UCO Bank reports net profit of Rs 1,862 crore in FY23; loan book, global deposits and net interest income also touch record high for any fiscal.
Punjab & Sind Bank plans to add 20 branches and raise Rs 250 crore in FY24, says MD & CEO Swarup Kumar Saha; reports highest-ever net profit in a fiscal.
The pre-bank nationalisation experience has provided a learning and the mistakes of allowing large corporations into banking will never get repeated in India, veteran banker Narayanan Vaghul said.
RBI Governor Shaktikanta Das advises Indian banks to assess financial risks and build capital buffers beyond their minimum regulatory norms.
Boosted by higher interest income and lower provisions, IndusInd Bank posts 50% jump in standalone net profit to Rs 2,040.51 crore in Q4.
Bank of Baroda has got the board approval to raise up to $7 billion through bonds and issuance of certificates.
Among banks that lost most market cap in the top 10, Bank of Baroda and Axis Bank saw fall of 9.07% and 8.02%, respectively.
Behind RBI’s pause in interest-rate hikes was fear that further rise in pricing of home and other retail loans would put borrowers under extreme stress; growth concerns also weighed heavy.
Bank of Maharashtra has increased the marginal cost of funds-based lending rates (MCLR) by 10 basis points across tenors; benchmark one-year MCLR is now 8.50%.
HDFC Bank will continue to aggressively add branches and mobilise deposits even as it awaits all regulatory clearances for the merger of parent, HDFC Ltd, with itself.
