Union Bank of India’s fiscal second quarter net profit jumped 55.3% to Rs 517 crore. In the year ago period, the bank had reported a net profit of Rs 333 crore.
Bank of India Q2 Bank of India has posted over two-fold jump in consolidated net profit to Rs 543.47 crore for the September quarter as bad loans came down
SBI's advances up 6% YoY to Rs 23.83 lakh crore, with retail growing 14.55%. Around Rs 60,000 crore could likely go into slippages & restructuring at end of FY21.
HDFC Bank saw its advances grow 10% from the year-ago period to Rs 5.4 lakh crore. Individual home loans grew 9% and non-individual loans by 13%.
In exactly two years after Sandeep Bakshi took over as CEO, ICICI Bank posts highest quarterly profit of Rs 4,251 cr amid good growth in advances, better asset management and lower tax outgo.
Jio Payments Bank to cough up Rs 1 cr for non-compliance with RBI directions on timely submission of application of re-appointment of its MD & CEO.
Bank of Baroda slashes Baroda Repo Linked Lending Rate to 6.85% from 7%.
Axis Bank has been improving its asset quality through series of write-offs and upgrades and recoveries. In the last one year, it has written off over Rs 9,448 crore worth of assets.
Axis Bank improves provision coverage ratio to 77% and sets aside Rs 5,012 crore as Covid provision. Bank continues to be cautious on credit card and personal loans.
SBI inks loan agreement up to $1bn with JBIC to fund biz ops of Japanese automobile manufacturers in India.
Loans worth Rs 2,300 crore have slipped into default but are not categorised as NPAs due to SC order. Another Rs 4,000 crore of loans are at risk.
Yes Bank posts net profit of Rs 129.37 crore for quarter ended 30 Sep; asset quality shows some improvement but continues to be a matter of concern.
RBL Bank's Q2 standalone net profit grew on back of growth in retail lending, higher fee income, lower operating costs and less provisioning compared to last year.
Kotak Mahindra Bank is reportedly in talks to acquire IndusInd Bank in an all-stock deal.
