Page 26 - Banking Sector

RBI action specific, doesn't flag systemic concerns: NBFC chiefs at BS BFSI

The RBI recently took a firm stance by halting the loan disbursement activities of four entities cited above with effect from October 21

BFSI Summit: Banks driving deposits with value-added services, says Setty

Slowdown in unsecured loan growth due to rising risk rates: SBI chief

'India a strategic priority for global banks': Foreign bank heads at BFSI

Heads of India's leading foreign banks discuss the key to success on Indian turf in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

BFSI Summit: 'Service key to mobilising deposits, not just interest rates'

BFSI Summit: CEOs of prominent private banks say that interest rate hikes are not the key to attracting customers. Instead, the delivery of banking services and brand trust play more significant roles

Public sector bank heads at BS BFSI Summit: The best is still to come

Heads of public sector banks discuss the present and future of the banking sector in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

BFSI Summit: Brainstorming by top minds of financial world to start today

Three-day event to explore India's potential and pathways to achieve it

Incremental CD ratio moderates to 77.7%, lowest in nearly 30 months

Meanwhile, the outstanding CD ratio has moderated to 79 per cent from 80.3 per cent in March 2024

BFSI sector leasing projected to be over 11 mn square feet in 2024: JLL

Global players are involved in about 65 per cent of BFSI leasing activity in India

P2Ps see rising customer interest ahead of T+1 deadline on November 14

Despite continuity in business operations, companies are proceeding with caution citing investor re-education about new norms

SROs and fintechs: The emerging plot to boost partnerships, shape ecosystem

A critical component of SRO-FT role will be to monitor unethical or dubious practices and take steps to address them

Banking lending to industry up 42.8% in H1FY25; credit to NBFC shrinks

RBI data showed that, in absolute terms, banks lent Rs 1.5 trillion in H1FY25, up from Rs 1.05 trillion in the first half of the previous financial year (H1FY24)

Loan growth moderates in September amid RBI clampdown, shows data

Including the impact of the merger, banks' loans grew 13% last month, compared with 20% a year ago

Tamilnad Mercantile Bank Q2 results: PAT grows 10.84% to Rs 303.18 cr

Private sector Tamilnad Mercantile Bank has reported a 10.84 per cent rise in its net profits for the July-September quarter at Rs 303.18 crore, the bank said on Tuesday. The Tuticorin-based over century-old bank had registered net profits of Rs 273.51 crore during the corresponding quarter of last year. For the six month period ending September 30, 2024 the net profits surged to Rs 590.47 crore, from Rs 534.74 crore registered in the year ago period. Total income during the quarter under review grew to Rs 1,564.88 crore, from Rs 1,365.22 crore registered in the corresponding quarter of last year. For the half year ending September 30, 2024 the total income went up to Rs 3,079.75 crore as against Rs 2,688.11 crore registered in the year ago period. In a statement, the bank said the Gross Non-Performing Assets (Gross NPA) decreased to 1.37 per cent by 33 basis points, from 1.70 per cent as on September 30, 2024 while net NPA fell to 0.46 per cent from 0.99 per cent. The Net Interes

Canara Bank's Q2FY25 results: Net profit up 11.31% at Rs 4,014 crore

Guides for pressure on margin for two quarters

SBI Card Q2 results: PAT drops 33% to Rs 404 cr as bad loan provisions rise

SBI Card, backed by India's largest lender State Bank of India, said that write-offs and provisions for bad loans jumped 63 per cent to Rs 1,212 crore for the quarter

We may lend to a telco if it gets AAA rating: PNB MD & CEO Atul Kumar Goel

Goel discussed the public sector lender's latest quarterly results and its expansion plans

European banks to continue dealing with Indian clearing firms post October

Europe's authorities set the deadline last year after their request for co-supervision of European trades settled through Indian clearing houses was denied by the Reserve Bank of India

Indian Bank Q2FY25 results: Net profit increases 36% to Rs 2,707 cr

State-owned Indian Bank on Monday reported 36 per cent increase in profit at Rs 2,707 crore for the second quarter ended September 2024. The Chennai-based lender had earned a net profit of Rs 1,988 crore in the same quarter a year ago. Total income increased to Rs 17,770 crore during the quarter under review from Rs 15,736 crore in the same period last year, Indian Bank said in a regulatory filing. The bank reported interest income of Rs 15,348 crore during the quarter compared to Rs 13,743 crore in the same period a year ago. Net Interest Income (NII) improved to Rs 6,194 crore, from Rs 5,741 crore in the second quarter of previous year, registering an increase of 8 per cent. As regards asset quality, the bank witnessed improvement with gross Non-Performing Assets (NPAs) declining to 3.48 per cent of gross loans by the end of September 2024 from 4.97 per cent a year ago. Similarly, net NPAs or bad loans moderated to 0.27 per cent from 0.60 per cent at the end of the second quart

PNB Q2 results: PAT jumps to Rs 4,306 cr, total income at Rs 34,447 cr

Punjab National Bank (PNB) on Monday reported more than two-fold jump in its profit at Rs 4,306 crore in the second quarter ended September 2024. The state-owned lender had earned a net profit of Rs 1,756 crore in the same quarter in the previous financial year. Total income increased to Rs 34,447 crore during the quarter under review against Rs 29,383 crore in the same quarter last year, PNB said in a regulatory filing. The bank reported an interest income of Rs 29,875 crore during the quarter, higher than Rs 26,355 crore in the same period a year ago. As regards asset quality, the bank witnessed improvement with gross Non-Performing Assets (NPAs) declining to 4.48 per cent of the gross loans by the end of September 2024 from 6.96 per cent a year ago. Similarly, net NPAs or bad loans moderated to 0.46 per cent from 1.47 per cent at the end of the second quarter of the previous fiscal. On a consolidated basis, the bank's profit more than doubled to Rs 4,714 crore as against Rs 1,

FinMin may complete privatisation process of IDBI Bank by March 2025

In the FY17 Union Budget, the government proposed reducing its stake in IDBI Bank to below 50 per cent