Page 19 - Indian Banking Sector

DCB Bank March quarter net profit jumps by 44.87% to Rs 113 crore

Private sector lender DCB Bank on Saturday posted a 44.87 per cent rise in its net profit at Rs 113 crore for the quarter ended March 2022

Axis Bank's shares tumbled over 5% on Friday after earnings announcement

Shares of Axis Bank tumbled over 5 per cent in early trade on Friday a day after the company reported a 49.77 per cent jump in its consolidated net profit for the March quarter.

Indian banking in pink of health but what next?

Banks are caught in their own narrative: credit growth. Soon, one may see bubbles in certain pockets.

Gamechanger? Private equity is set to play a bigger role in Indian banks

Whichever way you look at it, a PE wave is set to enter banking

FM Nirmala Sitharaman asks banks to be more customer-friendly

The minister also made it clear that banks do not have to be lenient on credit underwriting standards by taking any adverse risks on a proposal

SBI Q3 net profit jumps 62% to Rs 8,432 cr, asset quality improves

Lender posts highest quarterly profit in Q3FY22, sees improvement in interest margins

Despite privatisation of PSU banks, low-cost banking needs digital approach

The scope of banking is much more than can be read from the current rate of credit growth to industry, which has only picked up to 4.1% in October 2021 from a contraction of 0.7% a year ago

City Union Bank's net profit rises 15% to Rs 182 crore in Sept quarter

The bank on Friday reported a rise in its net profit

Punjab & Sind Bank posts Rs 218 crore profit in September quarter

Public sector Punjab & Sind Bank (P&SB) on Monday reported a net profit of Rs 218.28 crore in the quarter ended in September 2021 on the back of NPA recovery. The bank had reported a net loss of Rs 401.27 crore in the year-ago period but had a net profit of Rs 173.85 crore in the April-June 2021 quarter. Total income of the bank during the July-September quarter of FY22 was down at Rs 1,945.12 crore against Rs 1,974.78 crore in the corresponding period of FY21, P&SB said in a regulatory filing. The bank's gross non-performing assets (NPAs) rose further to 14.54 per cent of the gross advances at the end of September 2021 from 14.06 per cent at September-end 2020, and from 13.33 per cent by the end of June 2021. The bank managing director S Krishnan said the increase in gross NPA is due to two large accounts of Srei Group. In value terms, the gross NPAs (bad loans) of the Delhi-headquartered bank stood at Rs 9,822.80 crore by end of Q2FY22, as against Rs 8,673.16 crore by ...

Top lenders fuel higher consumer spending in India with easy credit

HDFC Bank's retail loans surged 12.9% in the three months ended September from a year earlier, the lender's first double-digit growth in such loans since the onslaught of the pandemic

Indian banking sector to witness new round of consolidation: Acuite Ratings

The rating agency said this consolidation is eminent because many small sized private banks continue to face chronic asset quality problems which constrain their capital availability

RBI must deal more with consumers, review rules impacting them: CUTS talks

Experts at discussion say approach favouring of banks over consumers may make the latter move away from the digital economy towards cash

BS Columnist Tamal Bandyopadhyay wins KLF book award for 'Pandemonium'

'Pandemonium' is touted to be a definitive insider story on the rot in India's banking system

Ind-Ra retains 'stable' outlook on Indian banking sector in FY22

The rating agency has kept its FY22 credit growth estimates unchanged at 8.9% for FY22

UCO Bank net profit jumps over 4-fold to Rs 102 crore in first quarter

The Kolkata-headquartered lender trimmed its gross non-performing assets (NPAs or bad loans) significantly

Fairfax-backed CSB Bank Q1 net profit jumps 14% to Rs 61 crore

Sequentially, too, the Kerala-based bank reported improved numbers, posting a rise of 42 per cent.

Ujjivan, Equitas promoter holdings to fall to zero post mergers with SFBs

Predictably, share prices of Ujjivan Financial Services, and Equitas Holdings jumped 20 per cent each after the two entities received the nod to reverse merge with their small finance bank entities

CSB Bank gains 7%, hits record high post June quarter business update

CSB Bank reported a 3.5 per cent QoQ decline in gross advances to Rs 14,146 crore

IDBI Bank invites bids to divest stake in Asset Reconstruction Company

The last date for submission of expression of interest (EoI) is June 25, 2021.

State-owned Union Bank of India fourth quarter profit at Rs 1,330 crore

It incurred a net loss of Rs 2,503.18 crore in the year-ago quarter.