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.
There is a steady increase in home loan delinquency across all segments of ticket sizes and age groups; defaults highest in premium segment and among age group below 25 years, says CRIF High Mark.
RBI Governor Shaktikanta Das asks public sector banks to continue with measures to enhance the resilience of their balance sheets.
Buoyed by digitisation drive, ICICI Bank posts double-digit growth in all segments of retail book in Q4; corporate loan book also performs with a well-rated asset book.
As part of plan to become pan India franchise, CSB Bank will add branches outside Kerala; posts record profit of Rs 218 cr in FY21.
Cabinet Committee on Economic Affairs, chaired by PM Narendra Modi, gives in-principle nod for strategic disinvestment along with transfer of management control in IDBI Bank; trade unions to protest.
Punjab National Bank posts standalone profit of Rs 586.33 crore in Q4 due to a surge in interest income.
Uday Kotak said he would remain as Kotak Mahindra Bank’s CEO until Dec 2023 and the board would take a call on succession in due course; bank’s Q4 net up 33%.
