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SBI will start making pre-delinquency calls so that NPAs are under check and borrowers gear up to make their payments, said deputy MD Saloni Narayan.
SBI’s 55% surge in Q1 net profit comes on back of lower provisions, higher fee incomes and one-time recovery from Kingfisher Airlines loan account.
Policymakers create congenial environment for bank credit offtake over medium term to support investment activity, writes IndusInd Bank deputy CEO Arun Khurana.
Bank of India’s total income falls to Rs 11,698.13 cr in Q1 from Rs 11,941.52 cr a year ago; gross NPAs stand at 13.51%.
Govt may defer sale of two PSU banks to next financial year as procedural process will take time.
Canara Bank reported a nearly three-fold jump in its Q1 net profit to Rs 1,177 crore on the back of a surge in fee income and treasury gains.
HDFC sees 2.48% YoY fall in interest income which stands at Rs 10,523.36 cr in Q1.
RBL Bank reported a net loss of Rs 459.47 crore for the June quarter as against a net profit of Rs 141 crore a year ago period.
Axis Bank will use Amazon Web Services to build portfolio of new digital financial services.
Union Bank of India restructures loans worth Rs 15,632 cr, of which Rs 6,833 crore is from retail segment; projects Rs 13,000 cr in recoveries and upgradations this fiscal.
Punjab & Sind Bank is one of the few banks to report steady growth both on its retail and corporate loans side in Q1 while keeping recoveries robust.
A Bank of Baroda customer who tried to enter the branch in Bareilly without wearing a mask was fired at his leg by the security guard; bank extends support to the victim.
