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Abhijit Madhav Lele covers banking financial services at Business Standard. Earlier, he has worked with the Press Trust of India, covering banking, finance, and capital markets in Delhi and Mumbai (1997-2006). He also had a stint in the editorial team of India Economic Update, a Dalal Street Journal group publication (1995-1997). He has also worked as a lecturer (psychology) with Sathaye College, Bombay University (1992-95).
Abhijit Madhav Lele covers banking financial services at Business Standard. Earlier, he has worked with the Press Trust of India, covering banking, finance, and capital markets in Delhi and Mumbai (1997-2006). He also had a stint in the editorial team of India Economic Update, a Dalal Street Journal group publication (1995-1997). He has also worked as a lecturer (psychology) with Sathaye College, Bombay University (1992-95).
Prashant Kumar discusses the Q4FY25 results and future strategy of the bank
For the full FY25, SBI posted record net profits of Rs 70,901 crore, showing 16.08 per cent Y-o-Y growth. Board approves Rs 25,000 crore of equity capital raise in FY26
Lenders may need to reverse recoveries from JSW's resolution plan for Bhushan Power & Steel as Supreme Court orders liquidation, triggering fresh provisioning concerns
Eyes ECBs and international bond markets
Reserve Bank of India data showed the overall bank credit growth declined to 11 per cent in FY25 from 20.11 per cent in FY24
Elevates three Presidents as Dy CEOs
SBI's share closed 0.72 per cent lower at Rs 811.75 per share on the BSE. The board is also considering the results for the fourth quarter ended March 2025 and annual results for FY25 on May 3, 2025
Non-interest income boosts bottom line; margins under pressure
L&T Finance Ltd's total liabilities stood at Rs 92,247 crore in March 2025 as against Rs 86,161 crore in December 2024 and Rs 76,541 crore in March 2024
Margin pressure, micro-finance loan write-offs dent bottom line
Net inflows during April 2023-February 2024 stood at $8.8 billion, according to the Reserve Bank of India (RBI) data
The stock of the company closed six per cent lower at Rs 305.2 per share on BSE
Yes Bank's profitability remains lower vis-a-vis private peers
The State of the Economy report in the April 2025 bulletin noted that Singapore was the largest source of equity inflows with a share of 29.8 per cent, followed by Mauritius and the US
Net interest income grew by a mere 5.7 per cent to Rs 2,276 crore during the quarter
Reaffirms rating for New India, National Insurance
To deploy money to fund SPVs and refinance
Sources also said that NPCI informed banks that it will be sharing a detailed to-do list, outlining specific actions that need to be implemented to strengthen the UPI ecosystem
Tax sops, softer interest rates to support loan offtake
Among the prominent firms that filed intent in February 2025 with the RBI is Tata Steel Ltd, for $750 million, for overseas investment in joint ventures and wholly owned subsidiaries