Page 49 - Banking

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.

RBI directs banks to assess impact of new LCR norms on liquidity, lending

The RBI has asked banks to assess the impact of stricter liquidity coverage ratio norms, aimed at system stability but raising concerns over reduced lending capacity

Investors grow selective with weaker Indian shadow banks after debt binge

For investors, buying into India's debt presents a chance to tap into one of the world's fastest-growing economies, earn higher yields, and diversify away from China

Banks NPAs may dip to 2.4% by March despite stress in retail loans: Fitch

Robust growth, recoveries & write-offs to offset rise in slippages

Restrictions on bancassurance may not be a great step: HDFC Life's Padalkar

Bancassurance is a partnership between banks and insurance companies to sell insurance products through bank branches

Budget 2025-26: Banks expect steps for deposit mobilisation, tax breaks

Tax incentives will help sector as loan growth slows down, say experts

Stress continues to build up in fintech lending with PAR on the rise

The Reserve Bank of India's December 2024 Financial Stability Report states that household debt is on a rising trend

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