HDFC Bank will refund GPS device commission charged to auto loan borrowers between FY14 to FY20; move probably prompted by RBI directive that is set to stop the bank from being haunted by a past sin.
HDFC Bank expects SME loans to be fastest-growing segment over next 3-5 years; plans to leverage its distribution in non-urban markets and digital strengths.
Covid-19 can result in balance sheet impairments as regulatory reliefs are rolled back, warns RBI governor Shaktikanta Das.
Punjab & Sind Bank’s floating auto loan rate is 7.10%; rate is even lower at 6.80% for govt staff who are maintaining salary account with the bank.
Union Bank of India posts Q4 standalone net profit of Rs 1,329.77 cr compared to loss of Rs 2,503.18 cr a year ago.
Bank of India posts profit of Rs 250 cr in Q4 due to lower provisions against bad loans
Punjab National Bank to have stake in NARCL; transfer Rs 8,000 cr of NPAs to the proposed bad bank for resolution.
Niti Aayog finalises names of state-owned banks to be privatised in current fiscal to the Core Group of Secretaries on Disinvestment.
Bank of Baroda Q4 net loss at Rs1,046.5 crore; plans to raise Rs 5,000 cr from sales of shares and bonds.
HDFC Bank is reasonably sanguine on asset quality on corporate and SME side; stress on retail accounts to be higher across the system, says HDFC Bank CEO Sashidhar Jagdishan.
Punjab & Sind Bank posts net profit of Rs 161 cr in Q4 versus net loss of Rs 236.3 cr a year ago, signaling that its worst phase is possibly over
Buoyed by higher interest income and lower provisions, SBI posts record net profit of Rs 6,451 cr in Q4; total advances up but corporate loan book contracts.
SC allows banks to invoke personal guarantees of promoters in case of default; this will lead to more bad loans getting resolved faster, say top bankers.
