Bank of Baroda’s net profit rises by just 1.8% to Rs 4,541 crore in Q1; guides loan growth of 11-13% for full-fiscal and sets recovery target at Rs 10,000 crore.
Enforcement Directorate conducts multiple raids as part of alleged Rs 3,000-crore loan fraud involving Reliance Anil Ambani Group companies and Yes Bank.
Canara Bank Q1 net profit stands at Rs 4,752 crore, aided by 32.7% jump in other income; NII falls 1.7%.
IndusInd Bank gets nod from shareholders to raise up to Rs 30,000 cr via mix of debt and equity; allows promoters to nominate two board directors.
Appellate tribunal finds former ICICI Bank CEO Chanda Kochhar guilty of accepting Rs 64 crore bribe in exchange for sanctioning Rs 300 crore loan to Videocon Group in 2009.
Public sector banks have identified 1,629 corporate borrowers as wilful defaulters, owing loan dues of Rs 1.62 lakh crore as of 31 March 2025.
Public sector banks have written off a whopping Rs 12.08 lakh crore in the last nine fiscals; gross NPA ratio has dropped from 9.11% in FY21 to 2.58% in FY25.
Punjab & Sind Bank’s net profit is at Rs 269 cr; gross NPA falls to 3.34% from 4.72%.
Banks can’t make it mandatory for customers to choose any digital banking channel to avail services like debit cards; draft also proposes stronger fraud protection rules.
LIC acquires 6.1 crore shares for 5,000 crore, taking its shareholding in SBI to 9.49% from 9.21%; funds will be used to support credit growth across retail, MSME and corporate segments.
SBI classifies loan account of Reliance Communications along with promoter-director Anil D Ambani as ‘fraud’ and is in process of lodging complaint with CBI; earlier, Canara Bank had withdrawn such label.
IOB expects total business to grow over 12% in FY26; loan book growth should be around 12-13%
Union Bank of India Q1 asset quality improves with gross NPAs falling to 3.52% from 4.54% a year ago.
HDFC Bank Q1 net profit rises to Rs 18,155 crore; announces first-ever issuance of bonus shares, allocated at a ratio of 1:1.
RBL Bank’s Q1 gross NPAs up while NIM narrows; weak performance in last few quarters impacted by unsecured retail loan segment.
