RBI says 88% of Rs 2,000 notes returned to banks

RBI says 88% of Rs 2,000 notes returned to banks

As much as 88% of the Rs 2,000 banknotes valued at Rs 3.14 lakh crore have returned to the banking s..

Top 50 wilful defaulters owe Rs 87,295 crore to banks

Top 50 wilful defaulters owe Rs 87,295 crore to banks

India’s top 50 wilful defaulters owed Rs 87,295 crore to banks as of 31 March 2023, the Finance Mini..

IDFC First Bank plans to raise Rs 3,000 cr

IDFC First Bank plans to raise Rs 3,000 cr

IDFC First Bank is planning to raise Rs 3,000 crore through issuance of equity shares to fund balanc..

Bank frauds drop sharply by 98% in nine years: Karad

Bank frauds drop sharply by 98% in nine years: Karad

Bank frauds have declined sharply by 98% to Rs 1,650 crore in 2022-23 from Rs 77,544 crore in 2013-1..

IDFC First Bank Q1 net surges 61% to Rs 765 cr, asset quality improves

IDFC First Bank Q1 net surges 61% to Rs 765 cr, asset quality improves

IDFC First Bank’s net profit rose 61.3% to Rs 765.16 crore in the fiscal first quarter ended June co..

Bank of India Q1 net up 176%, eyes 12% credit growth in FY24

Bank of India Q1 net up 176%, eyes 12% credit growth in FY24

Bank of India, which saw its net profit surge 176% in the first quarter of the current fiscal, hopes..

UCO Bank gets RBI nod to open eight more special vostro accounts for trade in rupee

UCO Bank gets RBI nod to open eight more special vostro accounts for trade in rupee

UCO Bank has opened four special rupee vostro accounts and has received permission from the Reserve ..

SBI Cards Q1 net down 5% as delinquencies rise

SBI Cards Q1 net down 5% as delinquencies rise

SBI Cards and Payment Services reported a 5% fall in its net profit to Rs 593 crore in the June quar..

Indian Bank Q1 net up 41% at Rs 1,709 crore

Indian Bank Q1 net up 41% at Rs 1,709 crore

State-owned Indian Bank reported a 41% year-on-year rise in net profit to Rs 1,709 crore for the Jun..

Banks recovered Rs 10 lakh cr from defaulters in last nine years

Banks recovered Rs 10 lakh cr from defaulters in last nine years

Banks have recovered over Rs 10 lakh crore from bad loans during the last nine financial years betwe..

PNB Q1 net jumps four-fold to Rs 1,255 cr

PNB Q1 net jumps four-fold to Rs 1,255 cr

Punjab National Bank’s fiscal first quarter net profit rose four times to Rs 1,255.4 crore due to a ..

Axis Bank Q1 net up 40% to Rs 5,797 crore

Axis Bank Q1 net up 40% to Rs 5,797 crore

Private sector lender Axis Bank reported a 40% rise in net profit to Rs 5,797.10 crore for the quart..

PNB not to divest more stake in PNB Housing Finance, says CEO Goel

PNB not to divest more stake in PNB Housing Finance, says CEO Goel

Punjab National Bank (PNB) said it has no plans to divest any more stake in PNB Housing Finance Ltd,..

Banks write-off Rs 2.09 lakh crore of bad loans in FY23

Banks write-off Rs 2.09 lakh crore of bad loans in FY23

Banks in India wrote off bad loans worth over Rs 2.09 lakh crore during the fiscal year ended March ..

Canara Bank top lender to public sector companies in FY23

Canara Bank top lender to public sector companies in FY23

Even as public sector banks lent Rs 4.12 trillion to government-backed entities in FY23, Canara Bank..