RBL Bank posts net profit of Rs 233 crore in December quarter due to provisioning towards Alternate Investment Fund investment.
Strong expansion of retail loans, at an annual rate of about 30%, was a sign of heating up, SBI chairman Khara said.
Federal Bank’s gross NPA stood at 2.29% by the end of December 2023 versus 2.26% a quarter ago and 2.43% a year ago.
Bank of Maharashtra’s Q3 total business grows 18.89% year-on-year to Rs 4.34 lakh crore; deposits up 17.89% to Rs 2.46 lakh crore.
HDFC Bank’s Q3 advances grow over 62% YoY to Rs 24.69 lakh crore; deposits up 27.7% to Rs 28.47 lakh crore.
State Bank of India’s green rupee term deposits will have three maturity buckets; interest rates will be 10 basis points below the card rate for the respective tenures.
Bank deposits cross Rs 200 trillion milestone in 2023, with the last Rs 50 trillion being mopped up in a record two years and nine months.
SBI plans to add 1,561 customer service points, located in the unbanked gram panchayats of Odisha; state government to provide infrastructure.
Lenders have recovered 32% of their total claims under the IBC, says RBI Governor Shaktikanta Das; learnings from IBC suggest need for some course correction.
RBI not averse to having a rival to NPCI, the creator of UPI. It had sought applications but none of them had anything new to offer, said RBI Governor Shaktikanta Das.
RBI Governor Shaktikanta Das said for emerging market economies and advanced economies, travelling down that path of cryptocurrencies will create huge risks which will be very difficult to contain going forward.
Pressure on deposit rates to continue; several reasons free it from shadow of a flattened repo rate as banks prepare for a volatile market amid tight liquidity conditions.
Union Bank of India’s loan book grew 11.44% YoY to Rs 8.96 trillion; deposits rose 10.09% to Rs 11.72 trillion.
HDFC Bank’s deposits grow 27.7% YoY to Rs 22.14 lakh crore as of 31 December 2023, from Rs 17.33 lakh crore a year ago.
Punjab National Bank posts 13.5% YoY growth in advances to Rs 9.72 lakh for December quarter; Bank of Maharashtra’s loan book grows 20% to Rs 1.88 lakh crore.
