More than 97% of Rs 2,000 banknotes have returned to banking system; only about Rs 10,000 crore worth of such notes still with public, says RBI.
The decision by State Bank of India to accept slightly higher-than-expected yields at its Tier-II bond sale on Wednesday is likely to push up the cost of borrowing for other lenders.
RBI Governor Shaktikanta Das also said India’s GDP number for second quarter will surprise everyone on the upside.
IDFC First Bank’s net interest income grew 32% YoY to Rs 3,950 crore in September quarter; net interest margin rose to 6.32% from 5.83% a year ago.
Union Bank of India improved asset quality and wrote off Rs 6,018 crore of bad loans; provisions fell to Rs 1,691 crore from Rs 2,815 crore a year ago.
Canara Bank has posted 43% rise in net profit in September quarter over year-ago period, bad loans have fallen and advances to agriculture have seen significant surge.
This is bank’s best performance in last 14 quarters in terms of profitability, said Punjab National Bank CEO Atul Goel; hopes to end FY24 with profit of over Rs 6,000 crore.
Yes Bank reports 47.4% rise in net profit to Rs 225.21 crore in September quarter but net interest income falls 3.3% on account of repricing of deposits.
ICICI Bank reports 36% rise in net profit to Rs 10,261 crore for the quarter ended September 2023 on higher core income and lower provisions.
Interest rate will remain high for the moment; only time will tell for how long it will remain elevated, says RBI Governor Shaktikanta Das.
Central Bank of India sees 90% year-on-year rise in net profit to Rs 605 crore for the quarter ended September 2023 amid healthy core income growth and a fall in bad loans.
HDFC Bank reports sharp fall in its lending margin and rise in bad loans on sequential basis for quarter ended 30 September.
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.
