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Lending rate cut still some time away: SBI Managing Director Vinay M Tonse

SBI MD says banks would look for monetary policy stance and policy rate action to decide actions

State Bank of India plans to open 300-400 branches a year in medium term

SBI had 22,640 branches at the end of September 2024, up from 15,870 in March 2014

BoI to attract high net-worth individuals to counter deposit woes: CEO & MD

Open to joint venture or inorganic acquisition of mutual fund unit

Fusion Finance stays in red with Q2 net loss of Rs 305 cr; GNPA hits 9.4%

Its impairment for financial instruments, that is credit costs, shot up to Rs 694.05 crore in Q2Fy25 from Rs 76.2 crore in Q2FY24 and Rs 348.47 crore in Q1FY25

Belstar Microfinance to prioritise consolidation over growth in coming qtrs

MFI's stressed loans rise sharply to 3.5% in September from 1.47%

Muthoot Finance Q2 results: Consolidated net profit up 21% at Rs 1,321 cr

Impairment on financial instruments grew sharply to Rs 420 crore in Q2 FY25 from Rs 81.14 crore in Q2 FY24

Bank deposit growth may struggle to keep pace with credit momentum: S&P

Investors may seek higher risk premium for increased regulatory risk

India's outward FDI rises to $3.7 billion in October 2024: RBI data

Equity commitments fell to $655.84 million in October 2024, compared with $993.35 million a year ago and $817.64 million recorded in September 2024

Civic bodies need major reforms to enhance revenue sources: RBI report

Central bank says revenue sources not adequate for meeting revenue expenditure of most of the MCs, which affects their functional and financial autonomy

Bank of India Q2FY25 results: Net profit rises 63% to Rs 2,374 crore

NIMs guidance of 2.9 per cent by March 2025

CareEdge group to scale up share for its non-rating business to 20%

The plan is to establish regional hubs to enhance local connections in the countries rated by CARE

SBI Q2 results: Net profit rises 28% to Rs 18,331 cr, beat estimates

Other income expands sharply but provisioning too

SFBs ready with systems to make the transition, say CEOs at BS BFSI Summit

SFBs have a talent pool of senior managers with over 20 years of experience, ensuring robust succession planning for a professionally managed bank.

Urban demand situation may affect firms' capex plans: Icra MD & Group CEO

The volatility in inflation still remains substantial and interest rates are not expected to come down, weighing on private capex

Private banks' fresh loan rates up 14 bps in September over August

Fresh term deposit rates rise eight bps in Sept; One-yr MCLR flat in October

Banking lending to industry up 42.8% in H1FY25; credit to NBFC shrinks

RBI data showed that, in absolute terms, banks lent Rs 1.5 trillion in H1FY25, up from Rs 1.05 trillion in the first half of the previous financial year (H1FY24)

The bottom line: Private lenders stumble sequentially in Q2, PSBs shine

Slippages in unsecured retail portfolios take a toll on private banks; elevated credit costs hurt, too

AIBEA deplores govt's order to PSBs on employee performance review

The need of the hour is to stand by the side of the employees and officers to boost their morale and ensure a congenial working atmosphere, AIBEA added

Canara Bank cuts gold loan growth to 15-17% amid regulatory concerns

Stops lending to MSMEs against gold as collateral

Canara Bank's Q2FY25 results: Net profit up 11.31% at Rs 4,014 crore

Guides for pressure on margin for two quarters