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6 mins read

Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…

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1 min read

HDFC Bank Q2 profit soars 5% to ₹16,821 crore

Total income increased to Rs 85,500 crore during the quarter under review against Rs 78,406 cro…

PTI   


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1 min read

IREDA Q1 results: Profit after tax jumps to Rs 38,369.34 lakh

On a year-to-year basis, the company also succeeded in bringing down its net non-performing asset r…

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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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1 min read

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 7…

PTI   


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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 cr…

PTI   


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1 min read

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…

PTI   


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1 min read

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…

PTI   


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1 min read

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…

PTI   


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1 min read

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…

PTI   


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1 min read

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…

PTI   


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1 min read

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…

PTI   


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2 mins read

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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2 mins read

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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1 min read

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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2 mins read

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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1 min read

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…

PTI   


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1 min read

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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1 min read

RBI won’t introduce new denomination notes, to focus on cashless transactions

“Banks cannot escape from the responsibility of controlling NPAs in their balance sheets,” he said.…

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2 mins read

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…