Page 33 - Banking

Jammu and Kashmir Bank receives GST notice of over Rs 16,000 crore

Bank has imitated legal action against the GST demand

Bank gold loan disbursals up 71.3% to Rs 1.72 trillion in 9MFY25

In November 2023, the Reserve Bank of India (RBI) increased risk weight for unsecured loans by 25 percentage points to 125 per cent

Ujjivan SFB applies for a universal banking licence to expand offerings

Ujjivan SFB is the second lender after AU SFB to seek a voluntary transition into a universal bank

Notification on One State, One RRB likely next week, says M Nagaraju

Corporate bonds face challenges in attracting subscriptions, especially if they have lower credit ratings, said DFS secy

Credit growth moderates in personal loan segment in Dec: RBI data

According to the data, bank credit to agriculture and allied activities registered a growth of 12.5 per cent (y-o-y) as on the fortnight ended December 27, 2024

Banks loan growth drops for 6th month in Dec as tighter lending curbs weigh

The data showed that banks' credit increased by 12.4 per cent year-on-year last month, slower than the 15.6 per cent rise in December 2023

Net card spending rises 60% as credit card additions rise to 4-mth high

The per credit card spending rose by 3.20 per cent Year-on-Year (YoY) from Rs 16,865.26 in December 2023 and 8.22 per cent YoY from Rs 15,584.21 in December 2022

Customer protection, value-added services to drive biz growth: C S Setty

"Annually, 12 million people prefer opening their savings accounts with us. That is not possible if your customer service is poor"

Bank of Baroda Q3: Net profit rises 5.6% on non-interest income support

Reports muted NII growth; Guides for NIM of 3.0-3.10%

Private banks stumble on agriculture, microfinance slippages in Q3

Credit cost for most of the lenders increased due to higher provisions, mainly for unsecured retail loans

Bank unions' Budget wishlist: Scrap tax on profits of cooperative banks

Asks for refinancing Rs 2 trn for non-recovery of farm loans

Indian Bank announces Q3 FY25 results: Net profit rises 32% to Rs 2,910 cr

Asset quality and 'efficiency parameters' help business growth, says Chennai-based lender

Bank of India targets 35% share in MCLR-linked credit in next 2-3 years

Prudent growth forecast for FY26: 12-13%

21% of Pradhan Mantri Jan Dhan Yojana accounts turned inoperative by Dec

Number of such accounts stands at 110 million

Banks must adapt to technology quickly, ensure resilience: DFS Secy

Emphasising AI/ML's role, he highlighted how it enhances banking efficiency and customer service

Banks must collaborate, not compete on technology front: RBI DG Rabi Sankar

He further stated that as technology, especially artificial intelligence (AI), rapidly advances, the banking sector must adapt

RBI fines J&K Bank, BoI, Canara Bank for gaps in regulatory compliance

The Reserve Bank on Friday said it has penalised Jammu and Kashmir Bank, Bank of India, and Canara Bank for deficiencies in regulatory compliance.

CBDC could be used for collection of micro-loans, says RBI official

India is among 36 countries where the CBDC is currently in the pilot stage

Bank of India Q3 profit rises 35% to Rs 2,517 cr, bad loans decline

The Mumbai-headquartered bank had earned a net profit of Rs 1,870 crore in the year-ago period.

AU Small Finance Bank Q3FY25 results: Profit surges 41% to 528 crore

AU Small Finance Bank Ltd on Friday reported a 41 per cent jump in net profit to Rs 528 crore for the third quarter ended December 2024 as interest income improved.