Page 8 - Private Banks

Q3 results: Pvt banks' profit jumps 24% on high offtake, lower credit cost

But moderates sequentially due to pressure on interest income

CSB Bank Q3 results: Profit falls 4% to Rs 150 crore; gross NPAs down 1.2%

The bank's net interest income during the third quarter of this fiscal stood at Rs 383 crore, with an increase of 9 per cent over Rs 350 crore in Q3 of FY23

YES Bank's Q3 net rises to Rs 231 cr helped by drop in loan-loss provisions

India's Yes Bank said third-quarter net profit more than quadrupled, helped by a drop in loan-loss provisions and healthy growth in loans, but the result still fell short of expectations

Dhanlaxmi Bank's CEO to continue till the successor assumes charge

Dhanlaxmi further said that the board has already approved a panel of candidates for the chief executive officer position and has sought the regulator's approval

Axis Bank Q3 result: Net profit up 3.7% to Rs 6,071 cr, NII at Rs 12,532 cr

Axis Bank Q3FY24 results: Axis Bank's gross NPAs fell to 1.58% in the quarter from 1.73% in the previous quarter

Kolkata banks to remain closed today: Check India-wise holidays this week

Bank holidays in January: The upcoming weekend is a long one for the bank employees due to Republic Day, a fourth Saturday on the following day, and January 28 being a Sunday

Ayodhya Ram mandir 'pran pratishtha': Are stock markets, banks open today?

Ayodhya has geared up for the much-awaited 'pran pratishtha' ceremony of Lord Ram Lalla in the newly built Ram Janmabhoomi Temple

Commercial banks rushing to ramp up presence in temple town of Ayodhya

The town has been buzzing with business activities since the temple construction started following the Supreme Court's permission in November 2019. The opening is scheduled for January 22

RBI asks banks' audit heads to take pre-emptive steps to mitigate risks

Swaminathan J, Deputy Governor, RBI outlined the Reserve Bank's supervisory expectations and asserted that supervision is effective when supported by effective Assurance Functions

Bank Holidays in January 2024: Banks to remain closed for 16 days

RBI announced the list of bank holidays in light of different elements including national/state holidays, cultural or religious recognition, functional necessities, government declarations and so on

2024 set to be eventful for North Block, RBI in pursuit of $5 trn goal

A bank licence for industrial houses looks unlikely; the IWG itself had referred to concerns over connected lending and exposure between banks and other financial and non-financial group entitie

Private banks need to catch up on financial inclusion drive: Official

Financial Services Secretary Vivek Joshi on Tuesday flagged lower participation by private sector banks in the government's financial inclusion drive and nudged them to step up their efforts to popularise such schemes. Speaking at the 20th Global Inclusive Finance Summit, Joshi also asked banks and financial institutions to work on three areas -- getting KYC done for inoperative accounts, nomination for bank accounts and strengthening cyber security. Joshi also said that currently, 92 per cent of the adults in India have at least one bank account, and around 3 crore Jan Dhan accounts are added every year. "We are not far from a situation where all the adults in the country will be covered with at least one basic bank account," Joshi added. In over nine years of the launch of the PM Jan Dhan Yojana (PMJDY), 51 crore bank accounts have been opened. "While public sector banks have done a wonderful job in furthering financial inclusion efforts and have done a lot of outreach for ...

Nifty Financial Services, Nifty Private Bank: Avoid taking short positions

Consider booking profits on upward movements in Nifty Financial Services, suggests Ravi Nathani

Private banks make largest single-day govt bond purchase in 7 years

A large corporate likely bought around 50 billion rupees of the benchmark paper through a private sector bank, traders said

Domestic mutual funds load up Rs 1,000 cr on large private banks in October

In October, the benchmark Nifty50 index fell 2.8 per cent, the most since December 2023, while the Nifty Midcap 100 index declined 4.1 per cent, the most since June 2022

Upping corporate governance premium in private banks: What to expect

The bigger picture is that the gap in corporate governance standards between state-run and private banks is widening

RBI asks private banks to have at least two whole-time directors: Explained

The Reserve Bank of India has directed private sector banks and wholly-owned subsidiaries of foreign banks to have at least two whole-time directors in addition to the MD and CEO

Axis Bank Q2FY24 result: Net profit up 10% at Rs 5,864 crore, NII up 19%

Axis Bank's gross non-performing assets (NPAs) stood at 1.73% as compared to 1.96% in the previous quarter

ICICI Bank Q2 net profit rises 35.8% on lower provisioning, higher income

Bank reported 23.81% increase in net interest income

Global investment in Indian banks to continue on robust finances: S&P unit

Majority of foreign institutional investors' holdings concentrated in biggest private banks