Page 37 - Banking

Bank deposits grow 10.83% to Rs 221.50 trn, show steady improvement in Jan

Credit grew by 11.47 per cent Y-o-Y to Rs 178.01 trillion in the fortnight ending January 10, 2025

Barclays sees heightened competition in India from Japan's biggest banks

Japanese banks including Mitsubishi UFJ Financial Group Inc and Sumitomo Mitsui Financial Group Inc. are targeting India and the US for expansion

UCO Bank's Q3FY25 results: Net profit rises 27% on better margins

Plans Rs 2,000 crore QIP in the current quarter

South Indian Bank posts highest-ever quarterly profit of Rs 342 crore in Q3

The bank's operating profit in Q3FY25 was up by 9.4 per cent at Rs 528.84 crore, as against Rs 341.87 crore in the third quarter of the previous financial year

Banks to ask RBI to delay liquidity rule set to take effect from April 1

The request will be made through the Confederation of Indian Industry, which will meet recently-appointed RBI Governor Sanjay Malhotra in the coming days, the people said

Bank stocks steer Nifty 50, Sensex to green territory, Kotak leads rally

The rupee, too, strengthened slightly, settling at 86.57 per dollar, compared with 86.61 on Friday

BCRC seeks RBI nod for five-day week, looks to attract skilled workforce

"While our dedication remains unwavering, this continuous seven-day schedule is proving unsustainable in the long run," the BCRC said in its submission to the central bank

Indian Overseas Bank Q3 results: Net profit rises 21% to Rs 874 crore

The Chennai-based bank posted a total income of Rs 8,409 crore during the quarter under review versus Rs 7,437 crore in the same period last year

Karur Vysya Bank Q3 results: Net profit grows 20.39% to Rs 496 crore

The bank's net interest income (NII) increased by 7.79 per cent to Rs 1,079 crore compared to Rs 1,001 crore in the same period last year

Will make investments in digital in FY26: Punjab & Sind Bank MD & CEO

Says the public sector bank aspires to increase its Retail, Agriculture, and MSME (RAM) lending to around 60 per cent next year

Private sector banks' credit costs up in Q3FY25 on higher provisions

Slippages to NPAs in credit card, microfinance segments increase

Microfinance sector stress cyclical, pushing up NPAs, says SBI official

The dealing with internal factors would mean entities require more discipline and emphasis on corporate governance and compliance

Axis Bank's shares tumble nearly 5% following weak earnings in Q3FY25

The bank reported fresh slippages of Rs 5,432 crore, up 46 per cent YoY and 22.25 per cent sequentially

Use '1600xx' number series to call customers for transactions: RBI to banks

Banks and other regulated entities (REs) have also been asked to monitor and clean their customer database

HDFC Bank, Hindustan Unilever squeeze amidst middle class struggles

HDFC Bank and Kotak Mahindra Bank are expected to report increases in bad loans, which should lead to higher provisions and weigh on quarterly profit

Banks seek SC clarity on loans against uncertified ancestral properties

Banks' move comes in response to a recent Supreme Court ruling that mandates financial institutions to only sanction loans against properties if the borrowers present valid certificates

Punjab National Bank, Indian Bank get new chief executive officers

He brings with him extensive experience in banking, spanning more than three decades in various capacities. As Executive Director of Punjab National Bank (PNB) since November 2022

Axis Bank's Q3FY25 results: Net profit rises 4% to Rs 6,034 crore

Bank reported fresh slippages of Rs 5,432 crore, up 46%

FinMin reviews financial inclusion schemes, urges better banking outreach

Nagaraju stressed the importance of expanding banking infrastructure in unbanked villages and improving connectivity in remote areas, particularly in the North East

Small Finance Banks' bottom-line to take hit on rising fund, credit costs

Manushree Saggar, Sector Head - Financial Sector Ratings, ICRA said the profitability for the SFBs to remain under pressure in H2 FY2025