Asks for refinancing Rs 2 trn for non-recovery of farm loans
I personally feel that steps may start addressing concern only from April onwards. In two months, the banking industry, most of them, will be aggressive on the top line, K Satyanarayana Raju said
Prudent growth forecast for FY26: 12-13%
The bank, in a late-night statement, said its net interest income (NII) grew marginally by 0.79 per cent Y-o-Y to Rs 9,240 crore in Q3FY25, compared to Rs 9,168 crore in the same quarter of last year
The non-interest income, covering fees, commissions, treasury revenues, and recoveries, rose by 35.1 per cent Y-o-Y to Rs 5,802 crore
The impairment provision for financial instruments rose to Rs 751.9 crore in Q3FY25, up from Rs 126.2 crore in Q3FY24
Sequentially, the Mumbai-based lender's net profit rose by 6 per cent from Rs 2,374 crore in June 2024 (Q2FY25). Its stock closed 1.5 per cent lower at Rs 98.3 per share on BSE
Robust growth, recoveries & write-offs to offset rise in slippages
Tax incentives will help sector as loan growth slows down, say experts
Conducting diligence on collateral, including land
Plans Rs 2,000 crore QIP in the current quarter
The revised norms mandated that the committee should be chaired by an independent director and have a minimum two independent directors, including the chair
Sequentially, the bank's net profit increased by 5.04 per cent from Rs 913 crore in Q2FY25. Its stock closed 3.1 per cent higher at Rs 54.41 per share on the Bombay Stock Exchange (BSE)
The Indian Banking Association has asked for certain tax rebates on the savings account in order to nudge customers to retain funds in this account
Gross inward FDI during April-November 2024 increased to $55.6 billion from $47.2 billion a year ago, according to the Reserve Bank of India's data (January 2025 bulletin)
The dealing with internal factors would mean entities require more discipline and emphasis on corporate governance and compliance
Total outstanding NRI deposits stood at $162.7 billion
Reduce GOI stake, support business growth
The decline last calendar year followed a major uptick in 2023 when foreign loans had more than doubled from $14.38 billion in 2022 - the sharpest spike in over a decade
Tightens pricing by 33 bps over initial guidance