Improvement in asset quality prompts Punjab National Bank to revise its guidance for gross NPAs to 6.5% and net NPAs to 1% for FY24.
Axis Bank’s loan book grows 22% YoY to Rs 8.58 lakh crore in the quarter ended June; deposits are up 17% YoY.
Banks’ total loan write-offs moved to Rs 10.57 lakh crore in last five years; they could only recover 18.60% of write-offs during last three years.
Canara Bank’s Q1 net interest income rises 28% YoY to Rs 8,666 crore; net interest margin improves to 3.05% from 2.78%.
ICICI Bank’s Q1 net interest income up 38% YoY to Rs 18,227 crore; net interest margin rises to 4.78% from 4.01%.
Union Bank of India’s ‘Empower Her and Empower Him’ programme, which completed one year, is particularly encouraging women employees to come out of stagnation and apply for promotions.
Union Bank of India has about Rs 75,000 crore of loans which we can reprice over the next three quarters, says CEO Manimekhalai.
HDFC Bank CEO Sashidhar Jagdishan speaks on new role lender can undertake due to size of balance sheet after merger; he also expresses concerns over attrition rate at the bank.
South Indian Bank’s net interest income rises 34% to Rs 807.77 crore in the quarter ended June 2023.
CSB Bank posted a 15% year-on-year rise in net profit to Rs 132.23 crore in the June quarter, led by a decline in bad loans.
Public sector banks play crucial role in bridging economic divide in society; they are in real danger of privatisation, says AIBOC general secretary Rupam Roy.
The Mahila Samman Savings Certificate, 2023 offers a secured investment option for a woman for herself or by the guardian on behalf of a minor girl.
Union Bank of India has mobilised Rs 17.58 crore in 5,653 Mahila Samman Savings Certificate beneficiary accounts, after introducing it on 30 June.
Bank of Maharashtra sees 25% growth both on the credit and deposit side; total business touches Rs 4.19 crore, up 24.82%.
Bank of Baroda plans to sell up to 49% stake in its credit card business arm, BOB Financial Solutions Ltd.
