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3 mins read

FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG account

The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for "fai…

PTI   


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2 mins read

Banks' gross NPAs at 12-yr low, may fall further to 2.5%: RBI report

Among bank groups, public sector banks (PSBs) recorded a substantial reduction (76 bps) in their GN…

PTI   


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2 mins read

Closing Call : Banking sector in action, Axis, HDFC, ICICI biggest gainers during the day

Out of the 2,771 stocks traded on NSE during the day, 1,112 saw advances and 1,574 stocks declined.…

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2 mins read

Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings

The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to …

PTI   


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Bandhan Bank Q2 profit jumps over 3-fold to Rs 721 crore

Bandhan Bank on Wednesday reported over three- fold jump in net profit at Rs 721 crore for the seco…

PTI   


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1 min read

In Q2, Kotak Mahindra Bank reports a 24% increase in net profit to ₹3,191 crore

Kotak Mahindra Bank's standalone net profit for the quarter ending on September 30 showed an impres…

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1 min read

ICICI Bank reports a 36% increase in Q2 net profit

For the September 2023 quarter, private sector lender ICICI Bank on Saturday reported a 36% increas…

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1 min read

Axis Bank Q3 net profit rises to ₹6,071 crore

rivate sector Axis Bank on Tuesday reported a 4 per cent rise in standalone net profit at Rs 6,071 …

PTI   


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2 mins read

Don’t need to raise more capital immediately, says Axis Bank’s CEO Amitabh Chaudhry

Axis Bank will not need to raise more capital after the Reserve Bank of India mandated banks to inc…

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1 min read

Indian Bank Q3 profit surges 52% to ₹2,119 crore

The public sector Indian Bank on Wednesday reported a 52 per cent jump in net profit at Rs 2,119 c…

PTI   


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IOB Q3 profit jumps 30% to ₹723 cr on improvement in core income

State-owned Indian Overseas Bank (IOB) on Wednesday reported 30 per cent rise in net profit at Rs …

PTI   


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2 mins read

Wall Street sees this opaque corner of financial markets as the likeliest source of a credit crisis, Bank of America says

Investors now see "shadow banking" as the leading source of a potential credit event, respondents i…

Filip De Mott   


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3 mins read

From banks to SIPs – the evolution of investment choices for Indian retail investors

In India, traditional banking institutions were once the go-to for households seeking savings and i…

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2 mins read

RBI initiates transition plan: Small finance banks to ascend to universal banking status

According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eli…

ANI   


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Canara Bank Q4 profit rises 18% to ₹3,757 crore

During the quarter, the bank's total income increased to Rs 34,025 crore as against Rs 28,685 c…

PTI   


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The boss of Russia's biggest bank said the country's economy is 'definitely and strongly overheated'

Russia's economy is driven by wartime activities, government subsidies that steady the economy, and…

Huileng Tan   


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Yes Bank shares tank over 12% as 3-year shareholder lock-in period ends

$YESBANK.NSE is still not out of its own created wounds as it is still trading below 200DEMA. I wil…

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3 mins read

Loan growth showing signs of reversal from cyclical highs, but asset quality to remain healthy

Loan growth in the Indian banking sector is starting to show signs of reversal from cyclical highs …

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4 mins read

Axis Bank shares under pressure after Q4 net loss; analysts upbeat on the lender

During the March quarter, the lender reported an exceptional item of ₹12,490 crore, which went i…

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2 mins read

Higher interest rates have created 63 'problem banks' and $517 billion in unrealized losses, FDIC says

"This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve b…

Matthew Fox