Page 10 - Indian Banks

5 private bank stocks for your portfolio; Check trading strategy here

ICICI Bank stock looks strong on charts. Among others Bandhan Bank, IDFC First Bank, IndusInd Bank and RBI Bank can rally up to 21%; check key levels

CLSA thinks pvt banks may outperform PSBs ahead; check reasons, top picks

CLSA expects private sector banks, which have been stock market laggards over the past few months, to give better returns ahead, given a good business outlook and inexpensive valuations

PNB to expand overseas footprint, to open representative office in Dubai

State-owned Punjab National Bank plans to open a representative office in Dubai, as part of its plan to expand its global footprint. The bank has got the board of directors' approval for opening a representative office in Dubai and the process is on for seeking regulatory clearance, PNB managing director Atul Kumar Goel told PTI. Hopefully, he said, the representative office should come up during the current financial year, if all regulatory approvals are in place. As on March 31, 2024, PNB had presence in six countries by way of two subsidiaries (London-UK and Bhutan), one joint venture (Nepal), two representative offices (Myanmar and Bangladesh). Talking about the strategy to improve profitability, he said, the focus would be on expanding retail, agriculture, MSME (RAM) portfolio, extending good corporate loans, controlling slippages and improving recovery. Besides, he said, the thrust would also be on improving the forex income and garnering higher fee income from selling ...

How many bank holidays are there in June 2024: Check the full list here

There are a total of 8 days of bank closures in June 2024, including national holidays, every second and fourth Saturday and each Sunday

Bank Holidays 2024: Banks to observe four consecutive holidays this week

Banks in various states might close for four-day this week, because of Buddha Purnima, Nazrul Jayanti/2024 General Elections and the Saturday-Sunday weekend holidays, as per the Reserve Bank of India

State Bank of India hikes short term retail FD rates by 25-75 bps

Also hikes bulk deposit rates; other lenders may follow suit

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore

Bank sets aside Rs 550 crore for its exposure to GoFirst

Indian Bank aims to make over Rs 1 trillion digital transactions: MD & CEO

Public sector Indian Bank has set a target to cross Rs 1 lakh crore business transactions through digital channels, a top official said on Tuesday. The city-headquartered bank had made Rs 81,000 crore transactions through digital medium last financial year, Managing Director and CEO Shanti Lal Jain said here. "As far as digital transactions are concerned, it grew by 4 per cent to 89 per cent overall in FY23-24. Last financial year (FY23) the digital transactions made was 85 per cent." he told reporters. Indian Bank on Monday reported a 55 per cent jump in its net profit to Rs 2,247 crore for the January-March 2024 quarter as compared to a net profit of Rs 1,447 crore made last year. Responding to a query, Jain said, "we will try to cross Rs 1 lakh crore. We have reached Rs 81,000 crore and we will try to cross at least Rs 1 lakh crore (of business through digital transactions). Our internal targets are very high." On whether the customers visiting branches would reduce with increa

Small is beautiful, but not always

For most SFBs, being a small bank is part of their journey, not the destination

Banks could boost revenues by 6% with Generative AI: Accenture report

Banks can significantly increase employee productivity and revenues by incorporating generative AI (GenAI) in their operations, according to a report by IT company Accenture. Accenture analysed publicly available employee data to estimate the impact of generative AI on banking tasks. The company modelled the financial implications for over 150 large banks globally, including Indian public and private sector banks, over a three-year period. "Banks that move quickly to scale generative AI across their organisations could increase their revenues by up to 600 bps (basis points) in three years," the research revealed. Banks which effectively adopt and scale generative AI could increase employee productivity by up to 30 per cent by streamlining numerous language-related tasks, it said. "Operating income could increase by around 20 per cent, while return on equity levels could rise by 300 bps...By helping banks operate more efficiently, the technology could lead to 1-2 per cent in cost ..

Expect to log a record profit this time: J&K Bank CEO, MD Baldev Prakash

Baldev Prakash, is quite reasonably a happy man. Prime Minister Narendra Modi too recently praised the turnaround due to government efforts

HDFC Bank stock gains more than 2.5% ahead of March quarter results

Increase in FPI legroom seen as key trigger

RBI conducts two-day VRRR as liquidity surplus nears Rs 1 trillion

Banks parked Rs 32,576 crore, against the notified amount of Rs 50,000 crore at a weighted average rate of 6.49 per cent at the auction

Banks can't charge additional than key facts statement, says RBI

KFS is a statement of key facts of a loan agreement, in simple and easier-to-understand language, provided to the borrower in a standardised format

How many bank holidays are there in April 2024: Check full list here

There are a total of 14 days of bank closures in April 2024, including national holidays, every second and fourth Saturday and each Sunday.

Bank Holidays in April 2024: Here's the full holiday list for April month

In the month of April, banks will remain shut for 12 days. If you are planning to visit banks this month, here is the full holiday list you should know

The RBI story: 90 and going strong

As the Reserve Bank celebrates its 90th birthday, here's a look at how different the pitch has been for different governors to bat on since economic liberalisation. Part 1 of a two-part series

Moody's revises India's GPD growth forecast to around 8% for FY24

Operating environment for Indian banks to improve in 2024, says Moody's

Bank holiday on Mahashivratri 2024: Banks to remain shut for March 8

Bank holiday on Mahashivratri 2024: Mahashivratri is a very auspicious occasion when the devotees offer prayers to Lord Shiva, and Shakti. Check the full March holiday list here

Indian banks to enhance KYC standards with multi-level verification

Currently, passport, Aadhaar, voter card, NREGA card, PAN card, or driving licence are accepted as valid means to open a bank account