Search result for 'non performing assets'

Public sector banks' credit card NPAs reach 14.3% in March 2025, while private sector banks remain stable at 2.1%. RBI report highlights concerns over unsecured lending.

A Mumbai court declared former New India Cooperative Bank chairman Hiren Bhanu and his wife as proclaimed offenders in a Rs 122 crore embezzlement case. The couple fled the country before the scam...

Bank of India (BOI) has reported a fraud of Rs 226.84 crore by Gupta Power Infrastructure Ltd, declaring it as a Non Performing Asset (NPA). The bank has made provisions of Rs 212.62 crore against...

Bank of India's net profit jumped 63% to Rs 2,374 crore in the September quarter, driven by higher non-interest income. Net NPAs also declined significantly.

Piramal Enterprises Q2 profit tripled to Rs 163 crore, but the company flagged risks from the precarious credit environment. The lender's net interest income rose 17%, and recoveries from alternate...

Bank of India's net profit rose 10% to Rs 1,703 crore in the April-June quarter, but was limited by higher provisions for bad loans. Learn more about the bank's financial performance.

Suryoday Small Finance Bank reported a 47% rise in net profit to Rs 70 crore in Q1 FY25, driven by lower bad loans and increased interest income. Gross NPAs declined to 2.77% from 3% a year ago.

Bank of Baroda (BoB) reported a 10% rise in standalone net profit to Rs 4,458 crore in Q1 FY25, driven by a decline in bad loans and increased interest income. Gross NPAs also fell to 2.88% from...

Punjab National Bank (PNB) reported a significant jump in its Q1 FY25 profit, driven by a decline in bad loans and improved interest income. Learn more about PNB's financial performance.

South Indian Bank reported a 45.29% jump in Q1 net profit to Rs 294 crore, driven by lower provisions and strong loan growth. Read more.

Piramal Finance's retail assets under management have crossed Rs 50,000 crore, driven by strong growth in retail loans, particularly in affordable housing.

SBI unveils 'SME Digital Business Loans' with 45-minute approval, aiming to boost MSME lending and profitability over the next five years.

Federal Bank reported a marginal rise in Q4 profit at Rs 906 crore, impacted by pension provisions. The bank is yet to send names of MD candidates to RBI.

Altum Credo, an affordable housing financier, secures USD 40 million in funding led by Z3Partners to expand its reach and assets under management. The company targets first-time homeowners in...

Nabard's net profit soared 34% to Rs 4,495 crore in the December quarter, driven by robust income growth and balance sheet expansion. Learn more about the bank's performance.

Axis Bank reported a 4% rise in standalone net profit at Rs 6,071 crore in Q3 FY24. The bank's total income increased to Rs 33,516 crore, driven by strong interest income growth.

Karur Vysya Bank reported a 42.56% jump in net profit for the October-December 2023 quarter to Rs 412 crore, driven by strong growth across business segments. Total business crossed Rs 1,58,357 crore.

Reserve Bank deputy governor Swaminathan J urged banks to lower dependence on bulk deposits and manage interest rate risks effectively, warning of potential margin erosion in a higher interest rate...

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.

Unity Small Finance Bank reported a 155% jump in Q2 profit to Rs 138 crore, driven by strong growth in income and a significant reduction in NPAs. The bank plans to expand its retail presence in...