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Explained: How banks might have been overcharging you on your loan
The RBI found some banks charging customers interest on loans before the money was even given to them.
IndusInd Bank Q2 net profit dips 53.2% on higher Covid-19 provisioning
The provisions and contingencies were up by 166 per cent at Rs 1,964 crore in Q2FY21 from Rs 737 crore in Q2FY20
Bank of Maharashtra Q2 profit up 13% to Rs 130 cr on higher interest income
On a consolidated basis, its profit stood at Rs 130.44 crore, compared to Rs 115.15 crore in the year-ago period
Bandhan Bank's pre-tax profit drops 40% in Q1 on higher provisioning
Pre-tax profit of the bank in Q1FY21 stood at Rs 735 crore
PSBs made Rs 3.79-trn provisioning for bad loans from Mar 2014-Jun 2017
Gross NPAs of PSBs, as on March, 2015, stood at Rs 2.67 trillion and increased to Rs 6.89 trillion as on June, 2017