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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 …

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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…

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RBL Bank Q3 profit rises 11% to Rs 233 crore

Private sector RBL Bank on Friday reported an 11% increase in its profit to Rs 233 crore in the thi…

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Bank of Maharashtra's Q2 net profit zooms 72% to ₹920 crore

State-owned Bank of Maharashtra (BoM) on Monday posted a 72 per cent jump in net profit at Rs 920 c…

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BoB Q3 profit jumps 75% to ₹3,853 crore

Bank of Baroda (BoB) on Friday reported 75 per cent surge in standalone net profit at Rs 3,853 cror…

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Canara Bank Q3 profit surges 92% to ₹2,882 crore

Canara Bank on Monday reported 92 per cent jump in profit at ₹2,882 crore for the quarter that ende…

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Bank of Maharashtra Q3 profit more than doubles to ₹775 crore

State-run Bank of Maharashtra (BoM) on Monday reported a two-fold jump in its standalone profit aft…

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Federal Bank Q3 profit jumps 54% to ₹804 crore

Private sector lender, Federal Bank on Monday posted a 54 per cent rise in its profit at Rs 804 cro…

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Crunching Numbers: 12 PSBs end Sept quarter notching up ₹25K+ cr net profit

On September 7, Finance Minister Nirmala Sitharaman had lauded all the 12 PSBs for their outst…

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HDFC’s net profit grows by 19% but its non performing assets swell sequentially

HDFC Bank today reported a 19% growth in the first quarter of FY23 net profit to ₹9,169 crore, from…

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Banks' non performing assets hit a six year low, says CARE Ratings

Even though the gross non-performing assets (GNPA) of scheduled commercial banks in India has hit a…

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Indian banks could have more than ₹10 lakh crore non-performing assets by March 2022

The gross non-performing assets (GNPAs) of banks are expected to cross ₹10 lakh crore by March 2022…

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Kotak Mahindra Bank's net profit rises almost 32% in the first quarter to ₹1,641 crore

The bank had posted a net profit of Rs 1,244.45 crore in the same quarter of the previous fiscal…

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Rana Kapoor corruption case: CBI raids 7 locations in Mumbai

The CBI move came after the Enforcement Directorate arrested Kapoor on Sunday morning after ov…

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Indian students are still relying on government banks for education loans

Most private banks now lend only to students enrolling in the partnered universities including Indi…

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Insolvency law a 'Swachhata drive' against non-performing assets: IBBI chief

"As and when they find a problem, they try to address it as expeditiously as possible. The insolve…

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The RBI may have dealt a $1.5 billion blow to Indian banks’ bottom line

As a result, the creditors of IL&FS, which include many of India’s public sector banks such…

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India’s finance minister touts the success of the country’s recently-implemented bankruptcy code — but it still requires significant improvement

In a post titled, “Two years of insolvency and Bankruptcy Code (IBC),” Jaitley said that as much…

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An end to the spat between the RBI and the government could be in sight as the board of the central bank prepares to meet next week

After initially refusing to loosen restrictions under the framework, it appears that the RBI m…

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India’s government is merging three state-owned lenders to create one of the country’s largest banks

The problems plaguing India’s public sector banks are well known. In addition to poor governance,…