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3 mins read

India Inc’s credit quality continues to shine in FY23: Slowdown concerns could impact IT, textile sectors, says ICRA

Corporate India’s credit quality has continued to rebound in FY23, sustaining the previous year’s m…

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Indian bank deposits better protected than in US: SBI report

Analysis of insured customer deposits across multiple geographies initiated in the wake of bank run…

ANI   


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India’s gross savings and investments edge higher in FY22 despite inflation, says SBI Research report

India’s gross savings and investments are edging higher despite elevated inflation eating into the …

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India’s largest bank is paying out a dividend for the first time in four years

State Bank of India (SBI), India’s largest public sector bank, is finally paying out a dividend for…

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5 mins read

Inflation expected to cool down but economists expect another rate hike after January shocker

Economists expect inflation to cool down and drop to 5% by April this year, comfortably below the u…

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SBI Card doubles its profit as its customers increase spends by 80% – but FY23 off to a slow start

SBI Card, the second largest credit card issuer in India, reported a 106% year-on-year increase in …

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1 min read

India's largest bank reports a sharp fall in bad loans — enough for the street to ignore the 7% fall in profit

Total income (standalone) also fell marginally to Rs 75,980.65 crore during Q3FY21, as against …

PTI   


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2 mins read

Govt may not announce capital infusion for PSU banks in Budget 2023-24

The government last provided capital support to banks in 2021-22. It had earmarked Rs 20,000 crore …

PTI   


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Bank earnings could see a further ramp up in Q3, say analysts

Indian banks are seeing a boost in their earnings in the December quarter as loans are being repric…

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Jet Airways case: NCLAT to pass order on Jalan Kalrock Consortium's plea against SBI on May 30

The National Company Law Appellate Tribunal (NCLAT) said it will give a verdict on May 30 regarding…

PTI   


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4 mins read

Stock picks for 2023: L&T, SBI, Axis Bank among top brokerage picks for the new year

The year 2022 has been an eventful one, with multiple headwinds in the form of rising geopolitical …

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2 mins read

SBI received restructuring requests for over ₹6,000 crore in October — expects that to more than double over the next three months

India’s largest lender is the first to reveal its restructuring numbers. At the end of October, it …

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2 mins read

SBI’s profit jumps over 50% in Q2 — India’s largest bank plans to outperform the industry when it comes to credit growth

India’s largest bank, the State Bank of India (SBI), has logged a net profit of 51.88% on an annual…

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3 mins read

SBI piles on profit and provision with cash from selling stake in insurance business⁠— bad loans drop

India’s largest lender, the State Bank of India (SBI) continues to soar through the green with a 81…

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2 mins read

SBI Card profit gets squeezed by bad loans, impairment charge, and a big provision for COVID-19

SBI Cards and Payment Services today posted its Q4 earnings (January-March 2020), revealing a fall …

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8 mins read

India Inc.’s rockstars of Q2 and things that investors should look out for, according to analysts

Banking, financial services and insurance (BFSI), automakers, chemicals, aviation, retailing and ch…

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3 mins read

SBI Card reported an increase of 14% in its profits, while its active credit cards increased by 20%

SBI Card reported a 14% increase in profit in the quarter ended June, along with a 20% increase in …

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3 mins read

Banks to reap rewards of interest rate hikes in Q2 earnings

The Indian banking sector is expected to report strong growth in net interest income, margins and l…

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Home loans growing at a faster rate in Tier 3 and 4 districts, thanks to WFH: SBI report

A new report by SBI has revealed that thanks to WFH’s popularity, Indians are increasingly obtainin…

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5 mins read

IndiGo reports a net profit of ₹919 crore in Q4, revenue soars 76% YoY

IndiGo operator InterGlobe Aviation reported a net profit of ₹919 crore in Q4. This is the second c…