Page 8 - Private Sector Banks

Confident of delivering value on bid for Citi India deal: Axis Bank's Moghe

India's third-largest private lending is purchasing the retail business in a transaction worth Rs 12,235 crore

Private banks are better money managers, state-owned lenders grow faster

They witnessed higher gains from parking funds with RBI and income from investments; as rates rise, space for both would shrink

Asset quality not the criterion for transition: RBL Bank's Subramaniakumar

We need to continue with the strength the bank has leveraged in the past decade, Subramaniakumar said

Kotak Investment Advisors launches 'Kotak Cherry': Check details here

Kotak Investment Advisors' one-stop investment solution provider 'Kotak Cherry' aims to be an open architecture platform

HDFC-HDFC Bank merger: Better late than never

There won't be instant gratification for investors but the move will catapult the bank into the big league

Bandhan Bank Q4 net soars to Rs 1,902 crore; NII up 45% to Rs 2,539.8 cr

In the previous quarter, it had earned net profit worth Rs 859 crore

RBL Bank's gross advances up 3% at Rs 61,929 cr in FY22

Retail advances declined 8% year-on-year but grew 1% sequentially

PSB recap bonds fair valuing to dent Tier-1 capital up to 1.75%: Ind-Ra

The rating agency said it understands that the five recipient PSBs may need to value zero-interest bonds at fair value instead of par value

IDFC First Bank Q3 net profit rises 117% to Rs 281 cr

Its net interest income grew by 36% on a YoY basis to reach Rs 2,580 cr in Q3FY22

Banks raise over Rs 37,000 cr via AT1 bonds amid capital ratio concern

Call options for instruments raised last year and worth Rs 28,430 crore are due in the next financial year.

Karur Vysya Bank to cut base rate, benchmark prime lending rate

Private sector lender Karur Vysya Bank Thursday said it will slash its base rate and benchmark prime lending rate to 7.75 per cent and 12.75 per cent, respectively, with effect from December 15, 2021.

Private banks' Q2 profit soars 26% as economy shows signs of recovery

Helped by lower provisions and contingencies, which fell 26%; asset quality was broadly stable with 1% rise in GNPAs

Earnings preview: Bank profits to show steady rise despite provisions

Rise in stressed assets may not push bills for provisions as lenders maintain higher provision coverage ratio for few quarters

PNB picks up 12% stake in NARCL, to cut holding by December

PNB's equity stake of 12.06 per cent will be reduced to 9 per cent by December 2021

Despite banks' record Q1 net profit, Bank Nifty on a slippery slope

It is up 15% since the start of CY21 against 19% in Nifty50; this despite banks' record Q1 profit

Meet HDFC Bank's Sashidhar Jagdishan, a CEO courageous enough to be upfront

Jagdishan took over from his larger-than-life mentor Aditya Puri

HDFC Bank draws up groundwork to regain credit card market share

Will come back with a bang once RBI lifts freeze, says bank

Interest margins of banks at 12-yr high; cost of funds fell 50 bps in FY21

Analysts attribute the margin expansion to the wedge between RBI's repo rate and the lending rate in the market

Good show by banks but can they sustain it?

Till March, banks could hold on but not all of them will be in a position to stomach the impact of the second wave of the pandemic

State-run banks' shares outperform private peers on recovery bets

A broad improvement in the sector's asset quality and India's plans to transfer soured loans to a proposed bad bank boosts their growth outlook