RBI orders Edelweiss Asset Reconstruction Company and ECL Finance to cease and desist from undertaking fresh activity with immediate effect.
RBI’s record Rs 2.1 lakh crore dividend payout to government for FY24 will help ease fiscal deficit target for FY25; this year’s gift is 141% higher than the dividend payout of Rs 87,416 crore for FY23.
Managing directors Setty and Ashwini Tewari are front runners for the post of SBI chairman; Dinesh Khara retires on 28 August.
IDFC First Bank’s shareholders and non-convertible debenture holders have approved a proposal to merge parent IDFC Ltd with the lender.
Canara Bank ready to shed Rs 70,000 of low interest rate corporate loans to protect margins as it expects liquidity to be tight this fiscal; repricing of loans already started, says CEO Satyanarayana Raju.
Union Bank of India’s landmark quarterly profit comes on back of improving efficiencies, ability to reprice loans and protect margins along with strong underwriting standards; CEO Manimekhalai offers outlook for FY25.
RBI’s proposals on project finance will not have a big impact on Union Bank of India's financials and the position will be "manageable" even if the draft is implemented in the current form, CEO Manimekhalai says.
Punjab National Bank plans to complete significant share sale to institutional investors within next six months as part of effort to bolster bank's capital reserves, CEO Atul Kumar Goel said.
Bank of Baroda’s Q4 net profit sees measly 2.3% growth to Rs 4,886 crore from year-ago period as it makes provisioning for Go First and pension liabilities.
Canara Bank’s internal cash accruals will provide sufficient cushion in case it has to provision for infra loans in line with RBI’s proposed norms for project finance, CEO Satyanarayana Raju says.
State Bank of India beat market estimates to post 24% rise in net profit to Rs 20,698 crore for March quarter amid strong loan demand, higher interest income, cost control and lower provisions.
State Bank of India is in the process of hiring around 12,000 employees for IT and other roles, Chairman Dinesh Khara said.
Punjab National Bank posts 160% jump in Q4 net profit to Rs 3,010.27 crore on back of improved asset quality and higher loan disbursals; announces dividend.
Canara Bank CEO K Satyanarayana Raju expects gross NPA to come down to 3.25% and net NPA to 1% by the end of FY25; loan book expected to grow at 11-12%.
RBI allows Bank of Baroda to onboard new customers through its mobile banking app ‘Bob World’, more than six months after imposing restrictions due to certain material supervisory concerns.
