IDFC First Bank has reported its highest ever profit of Rs 605 crore in Q3-FY23 and the return on equity has now moved firmly into double digits, said CEO V Vaidyanathan.
ICICI Bank sees 19.7% YoY rise in total advances to Rs 9.7 trillion; deposits up 10.3% to Rs 11 trillion.
Union Bank of India plans to raise Rs 3,800 crore via QIP in current quarter and has bonds in excess of Rs 50,000 crore which it can monetise to support credit demand, said CEO Manimekhalai.
For any person looking to acquire 5% or more stake in a bank, prior RBI approval will be required; aim is to ensure that ownership is well diversified and major shareholders are ‘fit and proper'.
HDFC Bank’s loan book grew 19.5% YoY to Rs 1,506,809 crore in Q3; total deposits rose 19.9% to Rs 1,733,204 crore.
After posting net loss of Rs 85,390 crore in 2017, public sector banks ended FY22 with profit of Rs 66,539 crore and are estimated to touch milestone of Rs 1 lakh crore by end of FY23.
After ending 2022 as the worst-performing Asian currency with a fall of 11.30% to 82.73 a dollar, the rupee is expected to fight back and have an appreciating streak in the current year.
Gross corporate bond issuances of banks in first 3 quarters of fiscal hit all-time high of Rs 91,500 crore; to reach Rs 1.4 lakh cr, says Icra.
There are several reasons on why we haven’t had a speedier free-run on bank deposit rates. Will that change in 2023 or the deposit war get subdued?
Canara Bank has increased its lending rates across tenures by 15 to 25 basis points.
Banks show strong loan and deposit growth in Q3; HDFC Bank and Yes Bank are only lenders who had deposits outpacing credit growth in December quarter.
Will credit growth sustain at the same pace in 2023? Will liquidity tighten as deposit growth lags behind? Will we see a rate hike cooling?
Gross NPAs of commercial banks dropped to seven-year low of 5% and net NPA ratio contracted to decade low of 1.3% in September 2022, RBI says in its Financial Stability Report.
Banks must ensure due diligence and robust credit appraisal to limit credit risk amid global headwinds, RBI says.
Empirical evidence suggests that a build-up of concentration in retail loans may become a source of systemic risk, the RBI warned.
