SBI Q2 net up 28% at Rs 18,331 cr amid higher non-interest income

SBI Q2 net up 28% at Rs 18,331 cr amid higher non-interest income

State Bank of India has reported a 28% year-on-year rise in net profit to Rs 18,331 crore for the qu..

Canara Bank Q2 net up 11% at Rs 4,015 cr

Canara Bank Q2 net up 11% at Rs 4,015 cr

Canara Bank posted an 11.32% increase in its standalone net profit for the September quarter to Rs 4..

PNB Q2 net up 145%, biz crosses Rs 25 trillion for first time

PNB Q2 net up 145%, biz crosses Rs 25 trillion for first time

Punjab National Bank has crossed Rs 25 trillion in business for the first time and reported a 145% j..

Axis Bank Q2 net up 18% at Rs 6,918 cr amid challenges

Axis Bank Q2 net up 18% at Rs 6,918 cr amid challenges

Axis Bank managing director and CEO Amitabh Chaudhry on Thursday said that banks are facing challeng..

Karnataka govt withdraws boycott circular as SBI, PNB repay Rs 23 crore

Karnataka govt withdraws boycott circular as SBI, PNB repay Rs 23 crore

The Karnataka government has withdrawn its boycott of the State Bank of India (SBI) and Punjab Natio..

Canara Bank provides Rs 18 crore scholarship support to 44,742 SC/ST girl students

Canara Bank provides Rs 18 crore scholarship support to 44,742 SC/ST girl students

Canara Bank, the country’s third-largest public sector bank, extended scholarships worth Rs 18 crore..

Indian Bank aims to recover Rs 7,000 cr of bad loans in FY25, raise Rs 5,000 cr

Indian Bank aims to recover Rs 7,000 cr of bad loans in FY25, raise Rs 5,000 cr

Chennai-headquartered Indian Bank plans to recover about Rs 7,000 crore of bad loans in the current ..

PSU banks charge Rs 2,331 cr in FY24 from depositors for low account balances

PSU banks charge Rs 2,331 cr in FY24 from depositors for low account balances

Public sector banks have charged depositors Rs 2,331 crore penalty for not maintaining monthly avera..

RBI asks banks to give borrowers 21-day notice before fraud tag

RBI asks banks to give borrowers 21-day notice before fraud tag

The Reserve Bank of India (RBI) has directed banks and other financial institutions to give defaulti..

Counterfeit of Rs 2,000 notes more than double

Counterfeit of Rs 2,000 notes more than double

Counterfeit notes detected of Rs 2,000 denomination jumped in 2023-24 to 26,035 pieces in 2023-24 fr..

IDFC First Bank to raise Rs 3,200 cr via preferential issue

IDFC First Bank to raise Rs 3,200 cr via preferential issue

IDFC First Bank’s board has approved a proposal to raise Rs 3,200 crore through a preferential allot..

RBI’s balance sheet surges 11% to Rs 70. 47 lakh crore in FY24

RBI’s balance sheet surges 11% to Rs 70. 47 lakh crore in FY24

The Reserve Bank of India's balance sheet ballooned to Rs 70.47 lakh crore as on 31 March 2024, up 1..

Unclaimed deposits with banks leap 26% to Rs 78,213 crore

Unclaimed deposits with banks leap 26% to Rs 78,213 crore

Unclaimed deposits with banks have jumped 26% year-on-year to Rs 78,213 crore at the end of March 20..

Ujjivan SFB to fix timelines for universal bank transition in FY25

Ujjivan SFB to fix timelines for universal bank transition in FY25

RBI has recently issued conditions for voluntary transition of small finance banks (SFBs) to a unive..

Creditors’ haircuts in bankruptcy cases rise to 73% in FY24

Creditors’ haircuts in bankruptcy cases rise to 73% in FY24

The haircuts taken by creditors in bankruptcy resolutions have increased to 73% in FY24, from  ..