Search result for 'gross npa'

AU Small Finance Bank Seeks Universal Bank License

September 3, 2024 19:19

AU Small Finance Bank has applied to the RBI for a universal bank license, aiming to transition from a small finance bank. The bank meets the required criteria, including a net worth of Rs 1,000...

Canara Bank Aims to Boost CASA Deposits to 33%

August 18, 2024 13:43

Canara Bank MD highlights focus on CASA deposit growth, aiming for 33% by FY end. Bank reports strong Q1 results with 10% profit rise and 11% business growth.

Moneyboxx Reports Rs 4.30 Cr Profit in Q1 FY25

August 9, 2024 18:57

Moneyboxx Finance, a micro-entrepreneur loan provider, reported a 93% AUM growth in Q1 FY25, reaching Rs 746 crore. The company also announced a Rs 271 crore equity raise.

Banks Write Off ₹9.90 Lakh Cr Loans in 5 Years: Parliament

August 6, 2024 17:32

Indian banks have written off ₹9.90 lakh crore worth of loans in the last five years, with the highest write-off occurring in 2019-20. Despite this, banks continue to pursue recovery actions.

No Merger Plan for Public Sector Insurance Companies: Govt

August 5, 2024 14:25

The Indian government clarifies that there are no plans to merge public sector general insurance companies, despite a previous proposal. Learn more about the latest updates on insurance mergers and...

ED Declares 9 as Fugitive Economic Offenders: MoS Finance

July 30, 2024 16:37

The Enforcement Directorate (ED) has declared 9 defaulters as Fugitive Economic Offenders under the Fugitive Economic Offenders Act, 2018. The ED has also sent 25 extradition requests for 16...

Bandhan Bank Q1FY25 Net Profit Jumps 47% to Rs 1,063 Crore

July 26, 2024 17:05

Bandhan Bank reported a 47% increase in net profit to Rs 1,063 crore in Q1FY25, driven by strong growth in operating profit and net interest income. Gross NPA also declined.

AU Small Finance Bank to Apply for Universal Bank Licence

July 25, 2024 20:43

AU Small Finance Bank plans to apply for a universal bank license from RBI by August end, aiming to expand its operations and reach a wider customer base.

Axis Bank Q1 Profit Rises to Rs 6,035 Cr - Business News

July 24, 2024 17:19

Axis Bank reported a 4% increase in net profit to Rs 6,035 crore in the June 2024 quarter, driven by higher interest income. The lender's gross NPA also improved.

Karnataka Bank Reports Record Profit in Q1 FY25 | Business News

July 24, 2024 17:11

Karnataka Bank has announced a record profit of Rs 400.33 crore for the June 2024 quarter, marking a 7.99% rise year-on-year. The bank also witnessed strong growth in business turnover and deposits.

Indian Overseas Bank Q1 Profit Up 26.6% to Rs 633 cr

July 22, 2024 18:47

Indian Overseas Bank reported a 26.60% rise in net profit for Q1 FY25, reaching Rs 633 crore. Total income grew by 21.54%, driven by increased interest and non-interest income. The bank also saw...

UCO Bank Q1 Profit Surges 147% to Rs 551 Crore

July 22, 2024 15:51

UCO Bank reported a 147% jump in net profit to Rs 551 crore in Q1 FY24, driven by strong loan growth and improved asset quality. The bank's total business also grew significantly.

Banking Sector Strong, Ready to Support Growth - RBI

July 9, 2024 19:47

RBI Deputy Governor says banking sector is in excellent financial health and poised to support India's economic growth. Auditors have a crucial role in maintaining financial stability and integrity.

Bank NPAs at 12-Year Low, May Fall Further: RBI

June 27, 2024 18:16

RBI report shows bank gross NPAs fell to a 12-year low in March 2024 and are expected to decline further to 2.5% by the end of the fiscal year.

SBI Predicts 14-15% Credit Growth in FY24-25: Chairman Khara

June 17, 2024 13:21

SBI Chairman Dinesh Kumar Khara expects 14-15% loan growth in FY24-25, driven by economic growth and lending opportunities. The bank also aims for 12-13% deposit growth.

India Inc Seeks Credit: SBI Reports Rs 5 Lakh Cr Loan Pipeline

June 13, 2024 15:22

SBI reports a growing demand for credit from Indian corporates, with Rs 5 lakh crore worth of loans in the pipeline. Chairman Dinesh Kumar Khara highlights the increasing need for working capital...

SFBs & Universal Banks: Ex-Secy on RBI Restrictions

May 26, 2024 14:44

Former Financial Services Secretary D K Mittal suggests easing restrictions on Small Finance Banks (SFBs) to promote financial inclusion, saying most wouldn't seek universal bank status.

Moneyboxx Finance Q4 Profit Soars, AUM Grows 112%

May 21, 2024 16:16

Moneyboxx Finance, a small business lender, reported a significant jump in net profit for the March quarter, driven by AUM growth and branch expansion. Learn more.

City Union Bank Q4 Net Profit Jumps 17% to Rs 254.81 cr

May 21, 2024 16:14

City Union Bank reported a 17% increase in its net profit for the January-March 2024 quarter, driven by improved recovery from slippages. The bank's total income also saw a significant rise.

IIFCL Targets Zero Net NPAs in FY25: MD Jaishankar

May 15, 2024 19:03

India Infrastructure Finance Company Ltd (IIFCL) aims to achieve zero net non-performing assets (NPAs) in FY25, with loan growth projected at 18%. IIFCL also plans to expand its presence in GIFT...

PFC Q4 Profit Soars 23% to Rs 7,556 Crore

May 15, 2024 13:21

Power Finance Corporation (PFC) reported a 23% increase in consolidated net profit for the March quarter FY24, driven by growth in its loan portfolio. The company also saw a significant increase in...

Union Bank of India Q4 Profit Up 18% on Lower Provisions

May 11, 2024 13:46

Union Bank of India reported an 18.36% rise in Q4 net profit to Rs 3,328 crore, driven by lower provisions. The bank aims for 11-13% credit growth in FY25.

Indian Overseas Bank Eyes 13-14% Growth in FY24

May 9, 2024 21:11

Indian Overseas Bank targets 13-14% growth in total business in FY24, with a focus on manufacturing, government, and traditional sectors. The bank also aims to recover Rs 5,500-6,000 crore this...

IOB to Sell 92 NPA Accounts Worth Rs 13,472 cr

May 5, 2024 20:11

Indian Overseas Bank (IOB) will sell 92 non-performing loans with an aggregate outstanding of Rs 13,471.68 crore through an e-auction on May 28. The bank invites expressions of interest (EoI) from...

Indian Overseas Bank Reduces NPAs with Multi-Pronged Approach

May 5, 2024 18:31

Indian Overseas Bank has successfully reduced its NPAs through a multi-pronged strategy including securitization, SARFAESI actions, and asset sales. Learn more.

UCO Bank Q4 Profit Down, Plans Rs 4,000 Cr Capital Infusion

April 29, 2024 21:04

UCO Bank reported a decline in Q4FY24 net profit but plans to raise Rs 4,000 crore in capital during FY25 to support growth. The bank also saw improvement in asset quality.

AU Small Finance Bank Profit Down 13% in Q4 | Fincare Merger Impact

April 24, 2024 18:40

AU Small Finance Bank reports a 13% decline in Q4 profit to Rs 371 crore due to increased provisions and a one-time expense for the Fincare acquisition. Net profit excluding exceptional items rose 1%.

ARC Sector AUM to Cross Rs 10 Lakh Crore in FY24: Report

February 23, 2024 22:05

India's Asset Reconstruction Companies (ARCs) sector is projected to reach Rs 10 lakh crore in AUM this fiscal, driven by increased bad loan sales. However, growth is expected to moderate in FY25.

HUDCO Profit Surges 2x in Q3 FY24: Rs 519.19 cr

February 9, 2024 21:57

HUDCO's standalone profit after tax more than doubled to Rs 519.19 crore in Q3 FY24, driven by loan book growth & reduced NPAs. Revenue also rose 18% to Rs 2,012.66 crore.

ESAF Small Finance Bank Q3 Profit Surges 300% to Rs 112 Crore

February 9, 2024 18:15

ESAF Small Finance Bank's net profit for Q3 FY24 jumped over three-fold to Rs 112 crore, driven by improved core income and asset quality. Gross NPAs declined to 4.16% from 7.24% in the previous year.

Bandhan Bank Q3 Profit Surges Over 200% to Rs 733 Crore

February 9, 2024 17:28

Bandhan Bank's net profit for Q3 FY24 jumped over 200% to Rs 733 crore, driven by improved core income. Gross NPAs declined to 7%, while net NPAs rose to 2.2%.

Bandhan Bank Q3 Profit Soars Over 200% to Rs 733 Crore

February 9, 2024 16:13

Bandhan Bank's net profit for Q3 FY24 jumped over 200% to Rs 733 crore, driven by strong core income growth. Read more about the bank's performance and key financial highlights.

PFC Q3 Profit Surges 20% to Rs 6,294 Crore

February 8, 2024 16:21

Power Finance Corporation (PFC) reported a 20% rise in its net profit for the December quarter, reaching Rs 6,294 crore. The company also saw a significant increase in loan assets and a decrease in...

Cholamandalam Net Profit Up 28% to Rs 876 Cr in Q3

January 25, 2024 19:50

Cholamandalam Investment & Finance reported a 28% increase in net profit for the December quarter, driven by higher loan disbursements and interest income.

UCO Bank Q3 Profit Dips 23% on Wage Provisions

January 24, 2024 17:56

UCO Bank's Q3 profit declined 23% to Rs 505 crore due to higher provisions for wage revision. Standalone profit also fell, but consolidated profit grew sequentially. The bank maintains a credit...

Homefirst Finance Profit Soars 34% to Rs 79 Crore in Q3

January 18, 2024 18:38

Homefirst Finance, an affordable housing financier, reported a 34.2% rise in net profit to Rs 79 crore for the December quarter, driven by higher loan sales and total income.

Poonawalla Fincorp Net Profit Soars 76% in Q3

January 18, 2024 17:47

Poonawalla Fincorp reports a strong Q3 with a 76% jump in net profit to Rs 265 crore, driven by higher disbursements and improved asset quality. Learn more about the company's performance.

Banking Sector Boom: Rs 1.50 Lakh Cr Profit Expected - PTI

December 27, 2023 10:41

India's banking sector is set for a strong year with public sector banks expected to achieve a total profit of Rs 1.50 lakh crore driven by higher credit demand and lower NPAs.

Unclaimed Bank Deposits Rise 28% to Rs 42,270 cr in FY23

December 19, 2023 16:51

Unclaimed deposits with banks in India rose by 28% to Rs 42,270 crore in FY23, Parliament was informed. Read more about the reasons and RBI's efforts to reduce unclaimed deposits.

PMJDY Empowers Unbanked: 51 Crore Accounts Opened

December 18, 2023 21:22

Pradhan Mantri Jan Dhan Yojana (PMJDY) has empowered over 51 crore unbanked citizens with financial inclusion and access to banking facilities. Learn about the scheme's impact and key achievements.

PSBs Transfer Over Rs 11,617 Cr NPAs to NARCL - Finance Ministry

December 12, 2023 15:18

10 Public Sector Banks transferred over Rs 11,617 crore in NPAs to NARCL between January and November 2023, according to the Finance Ministry. NARCL has recovered Rs 16.64 crore so far.

Public Sector Banks Recover Rs 15,183 Cr from ED Action: Sitharaman

December 5, 2023 15:09

Finance Minister Nirmala Sitharaman informed the Rajya Sabha that the ED has confiscated assets worth Rs 15,186.64 crore under the PMLA, with almost all restituted to public sector banks.

SBI Q2 Net Profit Rises 9%, Wage Provisions Weigh

November 4, 2023 19:13

SBI reported a 9.13% rise in net profit for Q2, but wage provisions impacted growth. The bank also discussed its loan portfolio and future plans.

Punjab & Sind Bank Q2 Profit Down 32% to Rs 189 Crore

November 3, 2023 19:44

Punjab & Sind Bank reported a 32% decline in net profit to Rs 189 crore in the September quarter. The bank's gross NPAs declined to 6.23% from 9.67% in the same period last year.

UCO Bank Q2 Profit Down 20% to Rs 402 Crore - PTI

November 3, 2023 16:37

UCO Bank's net profit declined by 20% to Rs 402 crore in Q2 FY24, while total income rose to Rs 5,866 crore. The bank also saw improvement in asset quality.

Company Name
Price
Volume

Vodafone Idea L
10.48 (+ 0.96)
167785907

Rajnish Wellness
4.17 (+ 4.51)
34150245

Srestha Finvest
1.72 (+ 0.58)
23361022

Reliance Power L
36.35 (+ 5.00)
15052398

GTL Infrastructure
2.39 ( 0.00)
14766505

Sebi Allows Mutual Funds CDS Trading: Increased...

Sebi permits mutual funds to buy and sell Credit Default Swaps (CDS), boosting...

Food Price Volatility: RBI Bulletin Highlights...

The latest RBI Bulletin highlights food price volatility as a contingent risk despite...

Gold Prices Surge: Rallies Rs 700 to Rs 76,350/10g

Gold prices in India surged Rs 700 to Rs 76,350 per 10 grams, driven by global cues and...

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