Bad loans grow sequentially and annually
The move comes after Reserve Bank of India reduced the policy repo rate by 25 bps on Friday
Banking sources said the group is exploring the prospect of issuing debentures
Of this, the intent for fund-raising through the automatic route amounted to $6.23 billion, while that via the approval route stood at $3.3 billion, according to RBI data
Its net interest income (NII) on a consolidated basis increased by 20 per cent Y-o-Y to Rs 420 crore in Q3FY25, compared to Rs 349 crore in Q3FY24
The MSME sector may be on the cusp of a big change if it seizes on the opportunities in financing and protection in getting dues
Inflation expectations showed an upward trajectory for three months and one-year ahead period
The RBI announced the formation of the working group, to be headed by R S Ratho
The agreement is subject to necessary approvals and the fulfilment of all conditions precedent to closing
Demands include fresh recruitment at all levels and a five-day work week, says umbrella group of unions
The net profit of 32 scheduled commercial banks (SCBs) grew by 21.2 per cent year-on-year (Y-o-Y) but dipped 2.4 per cent sequentially
Sequentially, the public sector lender's profit was down by 7.86 per cent from Rs 18,331 crore in the quarter-ended September (Q2FY25)
A senior executive with a public sector lender said NaBFID, a government-owned infrastructure financier, has extended a loan (construction finance)
Currently, the deposit market is very tight, both in terms of growth and also on the cost side. So, clearly, the cost of deposit is higher resulting in a lower NII growth, Chand said
It will weed out fraudulent borrowers and self-help group members, they say
According to Reserve Bank of India (RBI) data, in absolute terms, bank credit to infrastructure rose by Rs 12,657 crore in 12 months to Rs 13.14 trillion in December 2024
How lenders are balancing growth and governance to empower ambitions of 'Viksit Bharat'
Reports muted NII growth; Guides for NIM of 3.0-3.10%
Debt recast in thermal power, recoveries in realty to drive performance
Asks for refinancing Rs 2 trn for non-recovery of farm loans