Union Bank of India’s net profit rises 107.67% to Rs 3,236 crore in Q1; net NPA improves to 1.58% from 3.31% a year ago.
Bank of Maharashtra plans to raise Rs 2,000 crore from Tier I and Tier II bonds to meet credit growth; expects to keep NIM at 3.75%-3.85% in FY24.
HDFC Bank MD and CEO Sashidhar Jagdishan earned 62% more as his pay pack was Rs 6.51 cr in FY22; HDFC Bank deputy MD Kaizad Bharucha was paid Rs 10.03 crore in FY23.
RBI’s withdrawal call of Rs 2,000 notes and near total return of currency to system has led to deposit accretion hitting six-year high of Rs 191.6 lakh crore in June.
State Bank of India will set up a trustee company as its wholly-owned subsidiary for managing the Corporate Debt Market Development Fund.
Central Bank of India’s gross NPAs fall to 4.95% in Q1, the lowest since March 2013; Net NPA at 1.75% is lowest since September 2011.
HDFC Bank enters exclusive club of companies with $100 bn market capitalisation, making it seventh-largest lender in the world.
HDFC Bank reported a 30% rise in its net profit for the quarter ended June 2023 to Rs 11,951.77 crore compared with Rs 9,195.99 crore a year ago.
Deposit Insurance and Credit Guarantee Corporation asks all banks to prominently display its logo and QR code on their websites and internet banking portals by 31 August.
Borrowers will need to pay more towards EMIs as SBI raises its MCLR by 5 basis points across all tenures from 15 July; MCLR-based rates now vary between 8% and 8.75%.
Punjab National Bank files application for release of Nirav Modi's properties worth Rs 71 crore, attached by the ED in the bank fraud case.
Byju's appoints former SBI chairman Rajnish Kumar and ex-CFO of Infosys Mohandas Pai to its advisory council.
India’s retail inflation rises to three-month high of 4.81% in June, according to government data.
Vehicle loans outstanding rise 22% YoY to Rs 5.09 lakh crore in May, despite RBI’s rate hike spree in 2022-23.
Govt asks IBA to initiate process of negotiations for 12th Bi-partite settlement in a time-bound manner and to finalise it by 1 December.
