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State Bank of India moves NCLT to recover dues from Bajaj Hindusthan Sugar

The sugar and ethanol producer owes nearly Rs 4,800 crore to banks

Bank of India's Q1 profit declines 22% to Rs 561 cr as provisions rise

Fall in non-interest income, rise in bad loan provisions drag down company's net

Bank of Baroda Q1 net profit increases 79.3% to Rs 2,168 crore; NII up 12%

Posts 12% YoY growth in net interest income; Bad loan Provisions down on improved asset quality

Competition may push deposit rates up over 100 bps by December: Bankers

There is, however, room for the deposit rates to rise, with the average one-year deposit rate for banks standing at 5.41 per cent

Credit offtake to industry stays robust in June 2022, shows data

Bankers said the rise in credit offtake now is partly driven by expansion in economic activity

S&P downgrades outlook on Pakistan's long-term ratings to 'negative'

The global economic slowdown poses fresh risks to Pakistan's post-pandemic recovery

Q1 results: Private banks' net profit rises 47% on fall in provisions

Loan repricing, high loan growth buttress NII

Board-level engagement in banks on climate risk inadequate: RBI survey

The survey pointed out a majority of the banks did not have a separate business unit or vertical for sustainability and ESG-related initiatives

Poonawalla Fincorp's consolidated Q1 net profit up 118% to Rs 141 crore

Poonawalla Fincorp's NIMs were up by 155 basis points YoY to 9.5 per cent

ECGC to conduct special country rating review on surge in global inflation

There has been a sharp rise in prices of inputs impacting international trade after the Russia-Ukraine conflict early this year

Want to cut govt stake in Union Bank to at least 75%: CEO A Manimekhalai

The government holding is about 83 per cent and the Life Insurance Corporation has 7 per cent

Union Bank of India Q1 net profit rises 32% YoY to Rs 1,558 crore

Eyes QIP for equity up to Rs 3,500 cr in Q3FY23

Canara Bank Q1 net up 71.8% YoY to Rs 2,022 cr on higher interest income

Sequentially, its net profit rose 21.4%; lender's treasury income rises despite hardening yields

Microfinance loan securitisation grows over two-fold YoY in Q1FY23

Better recoveries, adequate credit enhancements spark investor confidence

UCB digital push: Umbrella body NCFDC to be operational by early 2023

Customers of UCBs, including those with a single branch, will be able to access their bank accounts across two million customer touchpoints

Karnataka Bank's Q1 net up 7.69 % to Rs 114 cr on improved interest margins

The Board has approved a proposal to seek shareholders' nod for raising further equity capital up to Rs 1,000 cr

YES Bank Q1 profit rises 50.2% to Rs 311 cr on improved interest margins

YES Bank's net interest income rose by 32 per cent in Q1FY23 to Rs 1,850 crore from Rs 1,404 crore in Q1FY22

IDBI Bank's Q1 net rises 25% to Rs 756 cr as provisions, contingencies dip

The bank had posted a net profit of Rs 603 crore during the same period last year (Q1FY22)

SBI board approves Rs 11,000 cr capital raise via AT1, tier-II bonds

Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end

AU Small Finance Bank Q1 net up 32% YoY to Rs 268 cr, down 23% sequentially

Improvement in NII, even as trading losses weigh on profitability