Search result for 'non-performing assets'

Sovereign Gold Bonds: 67 Tranches Issued by Govt till FY25

April 1, 2025 17:56

India's government has issued 67 tranches of Sovereign Gold Bonds (SGBs) totaling 146.96 tonnes of gold till FY25. Learn about the SGBs, their redemption process, and the government's Gold Reserve...

BAANKNET: PSU Bank E-Auction Portal Launched | India News

March 24, 2025 21:52

India's Finance Ministry launched BAANKNET, a revamped e-auction portal for PSU banks, aiming to streamline asset sales and enhance transparency. The platform utilizes advanced technology for...

New India Bank Depositors Seek RBI Help Amidst Financial Crisis

March 18, 2025 19:22

Depositors of New India Co-operative Bank, hit by alleged embezzlement, appeal to RBI for immediate measures to revive the bank and alleviate their financial hardship.

Banks Write Off Rs 16.35 Lakh Cr Bad Loans in 10 Years

March 17, 2025 14:19

Indian banks wrote off Rs 16.35 lakh crore in bad loans over the past 10 years, with the highest amount written off in FY19. Learn more about the write-off process and the implications for borrowers.

McLeod Russel Debt Transferred to NARCL at 36% Discount

March 16, 2025 19:37

McLeod Russel India Limited's Rs 1,104.69 crore debt has been transferred to NARCL for Rs 700 crore, representing a 36% haircut. The debt transfer aims to help the tea producer restructure and...

Satin Creditcare Secures USD 100 Million Loan

March 13, 2025 15:22

Satin Creditcare Network Ltd has raised USD 100 million in a syndicated social loan from Standard Chartered Bank and six Sri Lankan banks, aiming to expand financial services in underbanked regions.

Sebi Resolves AIF Regulation Circumvention Issue

March 11, 2025 18:14

Sebi member Ananth Narayan G says the issue of AIFs circumventing regulations has been resolved after a year-long dialogue with the industry. He highlighted egregious cases of AIFs being structured...

Jammu & Kashmir Economy to Grow 7.06% in 2024-25

March 6, 2025 12:35

Jammu & Kashmir's economy is projected to grow by 7.06% in 2024-25, according to the Economic Survey Report. The report also highlights declining unemployment and rising per capita income.

Bengal Cold Storage Rent Hike Urged: Potato Prices & Storage Crisis

February 19, 2025 17:26

West Bengal Cold Storage Association (WBCSA) demands rent revision for potato cold storages citing rising input costs and stagnant tariffs. Read about the potato storage crisis and its impact on...

PNB Reports Rs 270.57 Crore Loan Fraud by Gupta Power Infrastructure

February 18, 2025 21:08

Punjab National Bank (PNB) has reported a Rs 270.57 crore loan fraud by Gupta Power Infrastructure Ltd. The fraud, involving a non-performing asset account, was reported to the Reserve Bank of India.

ED Restitutes Rs 30 Crore to SBI in Telangana Loan 'Fraud' Case

February 15, 2025 17:24

The Enforcement Directorate has restituted assets worth over Rs 30 crore to SBI in a money laundering case against a Telangana refinery company accused of loan fraud.

Northern Arc Q3 Profit Flat at Rs 76 Crore - Business News

February 14, 2025 20:05

Northern Arc Capital reported a flat consolidated net profit of Rs 76 crore in Q3 FY2025, with total income rising to Rs 581 crore. The lender's gross NPAs stood at 0.9% and net NPAs at 0.37% as of...

RBI Takes Action on New India Co-operative Bank: Fund Misappropriation

February 14, 2025 19:32

The Reserve Bank of India (RBI) has taken action against New India Co-operative Bank due to alleged fund misappropriation by staff members. The bank's board has been superseded, and depositors are...

PFC Net Profit Jumps 23% to Rs 7,760 Cr in Dec Quarter

February 12, 2025 14:49

Power Finance Corporation (PFC) has reported a 23% rise in its consolidated net profit to Rs 7,759.56 crore in the December quarter, driven by higher revenues. The company's renewable energy...

Aadhar Housing Finance Q3 Profit Up 17% to Rs 239 Cr

February 6, 2025 19:02

Aadhar Housing Finance reports a 17% rise in Q3 net profit to Rs 239 crore, driven by strong interest income and AUM growth. Total income also increased.

SBI Q3 Profit Soars 84% to Rs 16,891 Cr

February 6, 2025 18:19

State Bank of India (SBI) reported a strong 84% jump in its December quarter net profit, driven by a lower base and robust loan growth. However, NIMs narrowed slightly.

SBI Q3 Profit Surges 84% to Rs 16,891 Cr

February 6, 2025 14:33

SBI reports an 84% jump in standalone net profit to Rs 16,891 crore in Q3 FY24, driven by strong growth in interest income and improvement in asset quality. The bank's gross NPAs moderated to 2.07%...

2,664 Wilful Defaulters in India: FinMin Update

February 4, 2025 18:34

India's Finance Ministry reports 2,664 unique borrowers classified as wilful defaulters as of March 2024, with measures taken to deter such behavior and improve bank health.

PNB Stock Surges 5% on Q3 Profit Surge

January 31, 2025 17:38

PNB stock price jumped over 5% after the bank reported a more than doubled net profit of Rs 4,508 crore for the December quarter. The bank's asset quality also improved.

Improving Insolvency Law Key for Growth: Economic Survey

January 31, 2025 16:47

India's Economic Survey highlights the importance of an efficient insolvency framework for achieving 7-8% growth. It recommends measures like faster resolution processes and deterring frivolous...

PNB Q3 Profit Surges Over 100% to Rs 4,508 Cr

January 31, 2025 14:08

Punjab National Bank (PNB) reported a significant jump in net profit for the third quarter ended December 2024, driven by improved asset quality and higher interest income.

BoB Profit Rises 5.6% to Rs 4,837 Cr in Dec Quarter

January 30, 2025 17:13

Bank of Baroda (BoB) reported a 5.6% increase in net profit to Rs 4,837 crore in the December quarter, with total income rising to Rs 34,676 crore. Asset quality improved with gross NPAs falling...

ARCs' Recovery Rate to Surge for Second Year: Report

January 30, 2025 16:40

India's asset reconstruction companies (ARCs) are set to see a significant jump in recovery rates for the second consecutive year, fueled by improved performance in infrastructure sectors and other...

Bajaj Finance Q3 Profit Jumps 18% to Rs 4,308 Cr

January 29, 2025 20:06

Bajaj Finance reported a strong Q3 FY25 with an 18% rise in net profit to Rs 4,308 crore. Total income surged, and assets under management saw a significant increase. Learn more about Bajaj...

Indian Bank Q3 Profit Surges 35% to Rs 2,852 Cr

January 29, 2025 15:51

Indian Bank reported a 35% rise in net profit for the third quarter of FY2025, reaching Rs 2,852 crore. The bank's core income growth contributed to the surge, with total income increasing to Rs...

SBI Card Q3 Profit Down 30% on Higher Impairment

January 28, 2025 19:38

SBI Cards and Payment Services reported a 30% decline in Q3 net profit to Rs 383 crore due to rising delinquencies and higher impairment charges. Total income grew marginally, while operating costs...

Federal Bank Q3 Profit Down 5% to Rs 955 Crore

January 27, 2025 22:07

Federal Bank's net profit fell 5% to Rs 955 crore in Q3 FY25, while total income rose to Rs 7,725 crore. The bank also reported improved asset quality with a decline in NPAs.

Union Bank of India Q3 Profit Surges 28% to Rs 4,604 Cr

January 27, 2025 21:33

Union Bank of India's net profit for Q3 FY25 jumped 28% to Rs 4,604 crore, driven by improved core income and asset quality. Gross NPAs declined to 3.8%.

Canara Bank Q3 Profit Rises 12% to Rs 4,104 cr

January 27, 2025 14:18

Canara Bank's standalone net profit increased by 12.25% to Rs 4,104 crore in Q3 FY25, driven by growth in total income and improved asset quality.

ICICI Bank Q3 Profit Surges 15% to Rs 11,792 Cr

January 25, 2025 20:59

ICICI Bank's standalone net profit rose 15% to Rs 11,792 crore in Q3 FY25, driven by improved interest income and core operating profit. Asset quality also improved.

IDFC First Bank Q3 Profit Drops 53% on Higher Provisions

January 25, 2025 17:45

IDFC First Bank reported a 53% decline in net profit for the third quarter ended December 2024, driven by increased provisions due to higher loan slippages. Total income rose, but asset quality...

ICICI Bank Q3 Profit Surges 15% to Rs 11,792 cr

January 25, 2025 15:02

ICICI Bank reported a 15% increase in standalone net profit for Q3 FY2025, reaching Rs 11,792 crore. The bank's asset quality improved, with gross NPAs falling to 1.96%.

Yes Bank Q3 Profit Surges to Rs 612 Cr

January 25, 2025 13:47

Yes Bank's net profit for Q3 FY2024 jumped nearly threefold to Rs 612 crore, driven by lower provisions for bad loans and increased interest income. The bank's asset quality also improved.

Ujjivan Small Finance Bank Stock Drops After Q3 Earnings

January 24, 2025 18:52

Ujjivan Small Finance Bank shares fell over 4% after reporting a 64% decline in net profit for the third quarter, driven by rising provisions for bad loans. Learn more.

PC Jeweller Settles Sebi Case for Rs 7.23 Crore

January 24, 2025 18:37

PC Jeweller Ltd has settled a Sebi case related to non-disclosure of loan default information, paying Rs 7.23 crore. The case involved allegations of failing to disclose or delaying information...

Bank of India Q3 Profit Jumps 35% to Rs 2,517 Cr

January 24, 2025 17:50

Bank of India's net profit surged by 35% to Rs 2,517 crore in Q3 FY25, driven by lower bad loans. Total income rose to Rs 19,957 crore.

AU Small Finance Bank Q3 Profit Surges 41% to Rs 528 Cr

January 24, 2025 16:16

AU Small Finance Bank reported a 41% jump in Q3 profit to Rs 528 crore, driven by increased interest income. Gross NPAs rose to 2.31% from 1.98% a year ago.

Ujjivan Small Finance Bank Q3 Profit Down 64% to Rs 109 cr

January 23, 2025 20:19

Ujjivan Small Finance Bank's Q3 net profit fell 64% to Rs 109 crore due to higher bad loan provisions. Total income rose to Rs 1,763 crore. The bank's asset quality deteriorated with NPAs rising...

HDFC Bank Q3 Profit Up 2.3%, Loan Growth Slows

January 22, 2025 20:03

HDFC Bank's Q3 profit rose 2.3% to Rs 17,657 crore, but loan growth slowed. The bank is focusing on strengthening its balance sheet and growing retail assets.

HDFC Bank Q3 Profit Rises Slightly to Rs 16,736 Cr

January 22, 2025 16:46

HDFC Bank reported a marginal rise in net profit for the third quarter of FY25, reaching Rs 16,736 crore. Total income also increased, but consolidated income declined. The bank's asset quality...

South Indian Bank Q3 Profit Rises 12% to Rs 341 cr

January 21, 2025 19:45

South Indian Bank reported a 12% rise in December quarter net profit to Rs 341.87 crore, driven by strong loan growth and stable net interest margins. The bank's gross non-performing assets ratio...

PNB Housing Finance Profit Jumps 43% in Q3

January 21, 2025 19:09

PNB Housing Finance reported a 43% rise in net profit to Rs 483 crore in the December quarter, driven by strong interest income and improved asset quality. Learn more about the company's performance.

UCO Bank Q3FY'25 Net Profit Rises 27% to Rs 638.8 Crore

January 21, 2025 14:47

UCO Bank reported a 27.1% YoY increase in net profit to Rs 638.83 crore for Q3FY'25. Total income grew 15.5% to Rs 7,405.89 crore. Asset quality improved with gross NPA ratio declining to 2.91%.

UCO Bank Q3 Profit Surges 27% to Rs 639 Cr

January 21, 2025 14:42

UCO Bank's net profit for Q3 FY25 jumped 27% to Rs 639 crore, driven by strong operating performance and improved asset quality. The bank's gross NPAs declined to 2.91% and net NPAs to 0.63%.

IDBI Bank Shares Surge 2.5% on Strong Q3 Earnings

January 20, 2025 16:56

IDBI Bank shares rose over 2.5% on Monday after the lender reported a 31% jump in net profit for the December quarter, driven by lower provisioning and improved interest income.

IDBI Bank Q3 Profit Rises 31% to Rs 1,908 Cr

January 20, 2025 16:00

IDBI Bank reported a 31% surge in net profit to Rs 1,908 crore in the December quarter, driven by lower provisioning and improved interest income. The bank's gross NPA ratio also declined.

Central Bank of India Q3 Profit Jumps 33% to Rs 959 Crore

January 20, 2025 15:23

Central Bank of India's Q3 profit surged by 33% to Rs 959 crore, driven by increased income and improved asset quality. The bank also secured CCI approval for its acquisition of stakes in Future...

IOB Q3 Profit Jumps 21% on Lower Bad Loans

January 20, 2025 14:55

Indian Overseas Bank (IOB) reported a 21% increase in net profit to Rs 874 crore for Q3 FY25, driven by a decline in bad loans. Gross NPAs fell to 2.55% from 3.90% a year ago.

Punjab & Sind Bank to Raise Rs 2,000 Cr via QIP

January 19, 2025 13:41

Punjab & Sind Bank plans to raise Rs 2,000 crore via Qualified Institutional Placement (QIP) this quarter, reducing government holding and boosting capital adequacy ratio. The bank aims to raise a...

RBL Bank Q3 Profit Plunges on MFI Loan Reversals

January 18, 2025 19:55

RBL Bank's net profit plummeted in Q3 due to loan reversals in the microfinance portfolio. The bank's net interest margin also declined, and slippages on the MFI book zoomed.

Kotak Bank Q3 Profit Up 10%, Capital Mkt Arms Aid - RBI Embargo Unclear

January 18, 2025 19:35

Kotak Mahindra Bank reported a 10% rise in Q3 profit, driven by capital markets arms. The bank is making progress on RBI's business restrictions, but there's no word on when the embargo will be...

Kotak Mahindra Bank Q3 Profit Rises 10% to Rs 4,701 Cr

January 18, 2025 19:21

Kotak Mahindra Bank's net profit for the December quarter rose by 10.22% to Rs 4,701 crore, driven by strong revenue growth. Read more about the bank's financial performance.

Axis Bank Q3 Profit Up 4%, Loan Growth Slows

January 16, 2025 20:52

Axis Bank's Q3 profit rose 4% to Rs 6,304 crore, driven by higher provisions and slower loan growth. Retail segment asset quality pressures impacted the results.

Axis Bank Q3 Profit Rises 4% to Rs 6,304 Cr

January 16, 2025 17:41

Axis Bank reported a 4% rise in standalone net profit to Rs 6,304 crore for Q3 FY25, driven by higher interest income and NII. Gross NPA moderated to 1.46% while net NPA declined to 0.35%.

BoM to Reduce Govt Holding Below 75% via Capital Raise

January 16, 2025 15:04

Bank of Maharashtra (BoM) plans to raise capital to reduce government ownership below 75%, meeting Sebi's minimum public shareholding norms. The bank also reported a 36% rise in net profit for Q3FY25.

SFB NPAs to Rise, Loan Growth to Slow in FY25: Icra

January 15, 2025 20:57

Icra forecasts an increase in SFB NPAs and a slower loan growth rate in FY25, citing concerns in the microfinance sector. Asset growth is expected to slow to 18-20%, down from 24% in FY24.

Punjab & Sind Bank Q3 Profit Doubles to Rs 282 Cr

January 15, 2025 18:34

Punjab & Sind Bank reported a more than two-fold jump in its net profit to Rs 282 crore in the December 2024 quarter, driven by a decline in bad loans. The bank's total income also increased during...

Bank of Maharashtra Q3 Profit Soars 36% to Rs 1,406 Crore

January 15, 2025 16:01

Bank of Maharashtra's net profit jumped 36% to Rs 1,406 crore in Q3 FY25, driven by higher interest income. The bank also saw a decline in NPAs and increased its provision coverage ratio.

IBBI Mandates eBKray Auction Platform for Liquidation Assets

January 10, 2025 22:01

The Insolvency and Bankruptcy Board of India (IBBI) mandates eBKray platform for selling assets under liquidation from April 1. The platform aims to create an efficient and accountable insolvency...

IOB to Sell Rs 11,500 Crore NPAs to ARCs

January 9, 2025 20:49

Indian Overseas Bank (IOB) is selling Rs 11,500 crore of non-performing assets (NPAs) to asset reconstruction companies (ARCs). The sale will be conducted through an e-auction on a portfolio basis.

Rural Women Entrepreneurs: Financial Reforms Needed - Govt Official

January 6, 2025 19:45

A senior Rural Development Ministry official calls for financial reforms to support rural women entrepreneurs, aiming to create 3 crore 'lakhpati didis' in the next 2-3 years. The official...

Bank NPAs at 12-Year Low: RBI Report

December 30, 2024 18:06

RBI reports bank asset quality improved, with GNPA ratio reaching a 12-year low of 2.6% in September 2024. Read about the key factors driving this positive trend.

India's GDP to Grow 6.6% in FY25: RBI Report

December 30, 2024 16:00

The Indian economy is projected to grow at 6.6% in 2024-25, driven by rural consumption, government spending, and strong service exports, according to the RBI's Financial Stability Report.

PSU Banks Profit: Rs 1.5 Lakh Cr Forecast, Deposit Concerns

December 27, 2024 11:01

Public sector banks (PSBs) in India are projected to exceed Rs 1.5 lakh crore in profit for FY'25, driven by low NPAs and credit growth. However, slow deposit mobilization remains a concern.

Bank Profitability Rises for 6th Year: RBI Report

December 26, 2024 18:58

RBI reports Indian banks'' profitability rose for the 6th consecutive year in FY24, with NPAs at a 13-year low. Read more.

RBI Rate Cut Expectations: New Governor's Focus on Growth

December 22, 2024 15:42

With a new RBI governor at the helm, market watchers anticipate a potential interest rate cut in February. The focus shifts from inflation control to growth, but challenges remain.

Sebi Flags Rs 1 Lakh Cr AIF Investments Circumventing Regulations

December 17, 2024 15:55

Sebi's Ananth Narayan says about 20% of AIF investments are structured to avoid regulations on NPAs, bankruptcy, and forex. The regulator is looking at ways to address this concern.

P2P Lending NPAs Surge to Rs 1,163 cr in FY24

December 16, 2024 21:09

Bad loans of peer-to-peer lenders in India more than doubled to Rs 1,163 crore in FY24, highlighting stress in the sector amidst stricter regulations.

Karur Vysya Bank Expands in TN with 4 New Branches

December 15, 2024 19:05

Karur Vysya Bank has opened 4 new branches in Tamil Nadu, expanding its network to 862. The bank aims to strengthen its presence and offer a full range of banking services.

PSB NPAs Decline to Decade Low: FinMin

December 12, 2024 17:57

Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low of 3.12% in September 2024, driven by government measures like the 4Rs strategy.

Punjab & Sind Bank to Raise Rs 3,000 Cr from Infrastructure Bonds

December 12, 2024 11:36

Punjab & Sind Bank plans to raise Rs 3,000 crore from infrastructure bonds this month, aiming to boost its loan book and achieve 13-14% credit growth. The bank reported a 26% increase in net profit...

Public Sector Bank NPAs at Rs 3.16 Lakh Crore: Parliament Informed

December 10, 2024 16:28

Gross non-performing assets (NPAs) of public sector banks (PSBs) reached Rs 3.16 lakh crore as of September 30, 2024, representing 3.09% of outstanding loans, Parliament was informed on Tuesday.

Govt Not Considering PSU Bank Merger: MoS Finance

December 3, 2024 16:48

India's Minister of State for Finance, Pankaj Chaudhary, has confirmed that the government is not considering any further mergers of public sector banks (PSBs). The government has taken steps to...

MFIs Tighten Lending Norms After RBI Strictures

November 25, 2024 17:52

Microfinance Institutions Network (MFIN) announces new lending norms to make lending more responsible following RBI concerns on high interest rates and multiple loans. The new rules limit...

Govt Revises PLI Scheme for PSB Executives

November 20, 2024 18:50

The Indian government has revised the performance-linked incentive scheme for public sector bank executives, focusing on RoA, NPAs and governance. Learn about the new criteria and eligibility for PLI.

Sebi Fines LCC Infotech Rs 12 Lakh for Misleading Financial Statements

November 12, 2024 19:13

Sebi has penalized LCC Infotech and its promoters Rs 12 lakh for misrepresenting financial statements and failing to disclose related party transactions.

PSBs Show Robust Growth in H1 FY25: FinMin

November 12, 2024 16:09

Public sector banks (PSBs) in India reported strong performance in H1 FY25, with 26% growth in net profit and 11% increase in business, according to the finance ministry.

IIFCL Plans Subsidiary for Asset-Backed Securities

November 10, 2024 14:09

India Infrastructure Finance Company Ltd (IIFCL) plans to establish a subsidiary to issue asset-backed securities (ABS) and covered bonds, aiming to securitize its assets and conserve capital for...

SBI Q2 Net Profit Surges 23% to Rs 19,782 Cr

November 8, 2024 14:12

SBI's consolidated net profit for Q2 FY25 jumped 23% to Rs 19,782 crore, driven by strong loan growth and improved asset quality. Learn more about SBI's financial performance.

Aptus Value Housing Finance Q2 Profit Up 22% to Rs 182 cr

November 5, 2024 22:34

Aptus Value Housing Finance India Ltd reported a 22% rise in net profit to Rs 182 crore in Q2 FY25, driven by increased income. AUM stood at Rs 9,679 crore.

Karur Vysya Bank Expands Retail Presence in TN & Karnataka

November 1, 2024 18:52

Karur Vysya Bank strengthens its retail footprint in Tamil Nadu and Karnataka with the inauguration of four new branches, taking its total network to 848. Read more about the bank's expansion and...

Tamilnad Mercantile Bank Profit Rises 10.84% in Q2 FY25

October 29, 2024 18:52

Tamilnad Mercantile Bank reported a 10.84% increase in net profit for the July-September quarter, reaching Rs 303.18 crore. The bank also saw growth in total income and business, while Gross NPA...

SBI Card Q2 Profit Down 33% to Rs 404 Cr

October 29, 2024 17:41

SBI Card's net profit fell 33% to Rs 404 crore in Q2 FY24 due to rising delinquency. Total income rose 8% to Rs 4,556 crore. Gross NPAs increased to 3.27% from 2.43% a year earlier.

Canara Bank Q2 Profit Up 11% to Rs 4,015 Crore

October 29, 2024 13:30

Canara Bank reported an 11% rise in Q2 net profit to Rs 4,015 crore, driven by improved asset quality and higher interest income. Gross NPAs declined to 3.73% from 4.76% a year ago.

Federal Bank Shares Surge 8% After Q2 Earnings

October 29, 2024 11:22

Federal Bank shares climbed 8% on Tuesday after the lender reported an 11% rise in net profit for the September quarter. The bank also saw improvement in asset quality.

Federal Bank Q2 Profit Rises 11% to Rs 1,057 Cr

October 28, 2024 20:42

Federal Bank reported an 11% increase in net profit to Rs 1,057 crore in Q2 FY25, driven by strong interest income and improved asset quality. Learn more about the bank's financial performance.

LIC Housing Finance Q2 Profit Rises 11% | Latest News

October 28, 2024 20:21

LIC Housing Finance reported an 11% rise in Q2 profit to Rs 1,324 crore. Despite a decline in core net interest income, the company aims to increase higher yield assets and improve NIMs.

PNB Shares Surge Over 3% on Profit Jump

October 28, 2024 18:39

Punjab National Bank (PNB) shares climbed over 3% after reporting a more than two-fold increase in profit for the September quarter. The bank's net profit rose to Rs 4,306 crore, driven by strong...

Indian Bank Q2 Profit Jumps 36% to Rs 2,707 Cr

October 28, 2024 15:13

Indian Bank reported a 36% surge in Q2 profit to Rs 2,707 crore, driven by increased income and improved asset quality. Gross NPAs declined to 3.48% and net NPAs to 0.27%.

PNB Profit Surges 200% to Rs 4,306 Cr in Q2 | Business News

October 28, 2024 14:53

Punjab National Bank (PNB) reported a more than two-fold jump in its profit for the second quarter of FY25, reaching Rs 4,306 crore, driven by improved asset quality and higher interest income.

ICICI Bank Shares Surge 3% on Strong Q2 Earnings

October 28, 2024 10:15

ICICI Bank shares climbed over 3% after the private sector lender reported a 14.5% rise in standalone profit for the second quarter ended September 30, 2024. The bank also witnessed improvement in...

IDFC First Bank Q2 Profit Down 73% to Rs 201 Cr

October 26, 2024 20:19

IDFC First Bank reported a 73% decline in standalone profit to Rs 11,746 crore in Q2 FY25, with total income rising to Rs 10,684 crore. The bank witnessed improvement in asset quality with gross...

Yes Bank Q2 Profit Soars 147%, Eyes MFI Buy

October 26, 2024 16:01

Yes Bank's net profit jumped 147% to Rs 566.59 crore in Q2 FY25, driven by lower provisioning. The bank is targeting a 17-18% deposit growth and 13-14% loan growth in FY25 and is looking to acquire...

ICICI Bank Q2 Profit Up 14.5% to Rs 11,746 Crore

October 26, 2024 14:26

ICICI Bank reported a 14.5% rise in standalone profit for Q2 FY25, reaching Rs 11,746 crore. Total income also grew, driven by increased interest income and improved asset quality.

Adani Bid Drives Up KSK Mahanadi Power Offers

October 25, 2024 21:18

Adani Group's Rs 12,500 crore bid for KSK Mahanadi Power has sparked a bidding war, with other companies revising their offers upwards. This could lead to a full recovery for the distressed power...

Shriram Finance Q2 Profit Up 20% to Rs 2,153 Cr: Share Split Approved

October 25, 2024 19:20

Shriram Finance reports a 20% increase in Q2 profit to Rs 2,153 crore, with total income rising to Rs 10,097 crore. The board approved a share split of 1:5 and an interim dividend of 220%.

BoB Net Profit Jumps 23% to Rs 5,238 Cr in Q2 FY25

October 25, 2024 18:01

Bank of Baroda (BoB) reported a strong 23% rise in net profit to Rs 5,238 crore in the September quarter, driven by growth in interest income and improved asset quality.

Refurbished Medical Devices Import: Threat to Make in India

October 25, 2024 17:32

Medical device industry slams import of refurbished equipment, calling it a threat to 'Make in India' initiative and patient safety.

Bandhan Bank Q2 Profit Surges 30% to Rs 937 cr

October 25, 2024 16:17

Bandhan Bank's net profit for Q2 FY25 rose 30% to Rs 937 crore, driven by increased interest income and improved asset quality. Learn more.

J&K Bank Q2 Profit Surges 45% to Rs 551 Cr

October 25, 2024 15:56

J&K Bank reports a 45% jump in Q2 profit to Rs 551 crore, driven by increased income and improved asset quality. Gross NPAs fell to 3.95% from 5.26% a year ago.

IDBI Bank Q2 Profit Surges 39% to Rs 1,836 cr - Business News

October 25, 2024 15:24

IDBI Bank's net profit jumped 39% to Rs 1,836 crore in Q2 FY25, driven by improved interest income and asset quality. Learn more about the bank's performance.

IndusInd Bank Shares Plunge 17% on Disappointing Earnings

October 25, 2024 10:26

IndusInd Bank shares tumbled 17% after reporting a 40% decline in net profit for the September quarter. The stock hit a 52-week low, eroding the company's market valuation by Rs 15,572 crore.

IndusInd Bank Q2 Profit Down 40% to Rs 1,331 cr

October 24, 2024 16:33

IndusInd Bank reported a 40% decline in net profit for Q2 FY25, reaching Rs 1,331 crore. Total income rose, but asset quality deteriorated, with gross NPAs increasing to 2.11%.

Ujjivan Small Finance Bank Q2 Profit Down 29% to Rs 233 Cr

October 24, 2024 16:13

Ujjivan Small Finance Bank's net profit declined 29% to Rs 233 crore in Q2 FY25, while total income rose. Gross NPAs increased but net NPAs fell.

CSB Bank Q2 Profit Flat at Rs 138 cr: Key Highlights

October 24, 2024 16:09

CSB Bank reported a marginal profit increase to Rs 138 crore in Q2 FY25. Total income rose, but asset quality deteriorated with NPAs increasing. Read more about the bank's performance.

AU Small Finance Bank Q2 Profit Surges 42% to Rs 571 Cr

October 23, 2024 19:38

AU Small Finance Bank reported a 42% jump in net profit for Q2 FY25, driven by higher interest income. Total income rose to Rs 4,549 crore. However, asset quality deteriorated with NPAs rising.

RBI Gold Loan Rules: Impact on Growth & Delinquencies - Crisil

October 22, 2024 20:16

Crisil predicts RBI's new gold loan regulations could slow down loan growth and lead to higher delinquencies in the near term, but ultimately believes credit losses will remain under control.

Bajaj Finance Q2 Profit Rises 13% to Rs 4,014 Cr

October 22, 2024 19:12

Bajaj Finance Ltd reported a 13% rise in consolidated net profit to Rs 4,014 crore for Q2 FY25, driven by a surge in income. However, asset quality worsened with NPAs rising.

India Poised for Growth Amid Global Challenges - Sitharaman

October 22, 2024 10:30

Finance Minister Nirmala Sitharaman highlights India's economic resilience and growth prospects amidst global uncertainty, emphasizing its potential to capitalize on new opportunities.

Union Bank Q2 Profit Surges 34% to Rs 4,720 cr

October 21, 2024 21:25

Union Bank of India's net profit jumped 34% to Rs 4,720 crore in Q2 FY25, driven by strong growth in total income. Gross NPAs declined to 4.36%.

Bajaj Housing Finance Q2 Profit Up 21% to Rs 546 Crore

October 21, 2024 19:11

Bajaj Housing Finance reported a 21% rise in net profit to Rs 546 crore in Q2 FY25. Total income increased to Rs 2,410 crore, while asset quality deteriorated.

UCO Bank Q2FY'24: Bad Loan Recovery Improves via NCLT

October 20, 2024 18:00

UCO Bank recovers Rs 414 crore from bad loans through the NCLT mechanism in Q2FY'24, with significant improvement in asset quality. Gross NPA ratio falls to 3.18%, while domestic advances rise...

Punjab & Sind Bank Q2 Profit Surges 26% to Rs 240 cr

October 19, 2024 19:51

Punjab & Sind Bank's net profit jumped 26% to Rs 240 crore in Q2 FY25, driven by a decline in bad loans. Total income also increased, with improved asset quality.

UCO Bank Profit Jumps 50% to Rs 603 Cr in Q2

October 19, 2024 18:21

UCO Bank reported a 50% surge in net profit to Rs 603 crore in Q2 FY25, driven by improved interest income and asset quality. The bank expects continued growth.

RBL Bank Q2 Profit Down 24% on Credit Card, MFI Stress

October 19, 2024 16:17

RBL Bank's Q2 net profit declined 24% due to asset quality challenges from credit cards and microfinance. The bank expects stress on the credit card book to subside by the end of Q3, but challenges...

HDFC Bank Q2 Profit Up 5% to Rs 16,821 cr - Business News

October 19, 2024 14:49

HDFC Bank's standalone profit rose 5% to Rs 16,821 crore in Q2 FY25, driven by increased interest income and net interest income. Learn more about the bank's financial performance.

Kotak Mahindra Bank Q2 Profit Up 5% to Rs 3,344 Cr

October 19, 2024 14:47

Kotak Mahindra Bank reported a 5% rise in standalone profit to Rs 3,344 crore in Q2 FY25, driven by strong interest income and NII growth. However, NIM moderated to 4.91%.

Karur Vysya Bank Q2 Net Profit Up 25.13% at Rs 473.60 cr

October 17, 2024 19:40

Karur Vysya Bank reported a 25.13% increase in Q2 net profit, reaching Rs 473.60 crore. Total income also saw a significant rise. Learn more about the bank's performance and key financial highlights.

Axis Bank Q2 Profit Surges 18% to Rs 6,918 Cr

October 17, 2024 16:14

Axis Bank's net profit rose 18% to Rs 6,918 crore in Q2 FY25, driven by strong loan growth and improved asset quality. Gross NPAs fell to 1.44% and net NPAs to 0.34%.

Indian Overseas Bank Q2 Profit Jumps 24% to Rs 777 Cr

October 17, 2024 15:39

Indian Overseas Bank (IOB) reported a 24% rise in net profit to Rs 777 crore in Q2 FY25, driven by strong asset quality improvement and higher interest income. Gross NPAs declined to 2.72% from...

Central Bank of India Q2 Profit Surges 51% to Rs 913 Cr

October 17, 2024 14:39

Central Bank of India reported a 51% jump in profit to Rs 913 crore in the second quarter ended September 2024, driven by strong growth in net interest income and improved asset quality.

South Indian Bank Q2 Profit Up 18%, Automation Cuts Jobs

October 16, 2024 20:27

South Indian Bank reported an 18% rise in Q2 net profit to Rs 325 crore, driven by treasury and forex gains. The bank also saw a decline in employee base due to automation.

South Indian Bank Shares Surge 6.5% on Q2 Earnings

October 16, 2024 17:36

South Indian Bank shares soared 6.5% after reporting a strong Q2 performance with an 18% increase in profit. The bank also saw a reduction in NPAs.

South Indian Bank Q2 Profit Up 18% to Rs 325 Cr - Business News

October 16, 2024 12:51

South Indian Bank reported an 18% increase in Q2 profit to Rs 325 crore, driven by higher income and reduced NPAs. Learn more about the bank's financial performance.

Bank of Maharashtra Q2 Profit Surges 44% to Rs 1,327 Crore

October 15, 2024 15:52

Bank of Maharashtra (BoM) reported a 44% jump in its Q2 profit to Rs 1,327 crore, driven by strong interest income and improved asset quality. The lender's NIM also increased to 3.98%, the highest...

SBI Classifies MTNL Loan as NPA, Threatens Legal Action

October 4, 2024 20:48

SBI has declared MTNL's loan accounts as sub-standard NPAs due to non-payment of installments and interest. The bank has threatened legal action if MTNL fails to make scheduled payments.

India's Living Standard to Rise Steeply: FM

October 4, 2024 11:08

Finance Minister Nirmala Sitharaman predicts a significant rise in India's living standards in the coming decades, driven by economic reforms. The country is projected to nearly double its per...

GNPAs to Hit Decadal Low in FY25: Crisil

October 1, 2024 17:24

India's banking system is poised for improved asset quality, with GNPAs expected to drop to 2.5% in FY25. However, Crisil flags concerns around unsecured loans and MFIs.

RRBs to Boost Credit in Northeast India

September 30, 2024 22:33

Finance Minister directs Regional Rural Banks to increase credit disbursement under govt schemes and support agriculture, horticulture and allied activities in Northeast India.

RINL CMD Additional Charge Assigned to Ajit Kumar Saxena

September 30, 2024 16:13

The Indian government has assigned the additional charge of CMD RINL to Ajit Kumar Saxena, currently the CMD of MOIL. This comes as RINL faces financial difficulties and operational issues.

HDB Financial Services Prepares for IPO: RBI Listing Requirement

September 28, 2024 12:48

HDB Financial Services, an upper layer NBFC, is gearing up for an IPO to comply with RBI's listing requirements. The IPO is expected to include a fresh issue of shares and an offer for sale by...

RINL Merger with SAIL: Govt Aims to Save Vizag Plant

September 27, 2024 14:28

India's government is considering merging RINL with SAIL to rescue the Vizag plant. The move aims to address financial and operational challenges faced by the steelmaker.

Sidbi Net Profit Surges 20% to Record Rs 4,026 Cr in FY24

September 25, 2024 20:44

Small Industries Development Bank of India (Sidbi) reported a 20% jump in its FY24 net profit to a record Rs 4,026 crore, driven by strong income growth and loan portfolio expansion.

CBI Closes Bank Fraud Case Against Nimbus Communications

September 19, 2024 17:50

The CBI has closed a bank fraud case against Nimbus Communications, finding no evidence of deception during the loan process. The company proposed repayment and the bank sanctioned a new loan...

PNB Downgrades MTNL Loan to NPA Over Non-Payment

September 18, 2024 21:56

PNB has downgraded MTNL's loan accounts to NPA due to non-payment of interest and instalments, totaling over Rs 46 crore in overdue amount.

Microfinance Delinquencies to Hike NBFC-MFI Credit Cost: ICRA

September 4, 2024 15:48

ICRA reports rising delinquencies in the microfinance sector will increase NBFC-MFI credit cost to 320-340 bps in 2024-25, impacting asset quality and earnings.

Anil Ambani: Sebi Orders RHFL Management Defied Board on Lending

August 23, 2024 18:37

Sebi finds Anil Ambani behind fund diversion at RHFL, alleging management defied board diktat on lending practices and approved loans to unworthy creditors.

NBFC Asset Growth to Moderate in FY25, NPAs Likely to Rise: Icra

August 21, 2024 17:50

Icra Ratings forecasts a slowdown in NBFC asset growth in FY25, with NPAs expected to rise due to factors including regulatory measures and concerns over unsecured and top-up loans. The sector...

RRBs to Devise Products for MSME Clusters: FM

August 19, 2024 19:39

Finance Minister Nirmala Sitharaman urges Regional Rural Banks (RRBs) to create products tailored to MSME clusters, promoting financial inclusion and credit access to small and micro enterprises.

Dhanlaxmi Bank Reports Rs 8 Crore Loss in Q1 FY24

August 12, 2024 15:02

Dhanlaxmi Bank reported a Rs 8 crore loss in Q1 FY24, a decline from Rs 28 crore profit in the previous quarter. Total income decreased, but interest income rose. Gross NPAs declined, but net NPAs...

IIFL Finance Q1 Profit Down 28% to Rs 338 Cr - RBI Gold Loan Ban Impact

August 6, 2024 20:06

IIFL Finance reports a 28% decline in Q1 FY25 profit to Rs 338 crore, attributed to the RBI ban on its gold loan business. Total income rose, but expenses and NPAs increased.

Mudra Loan NPAs Fall to 3.4%: Sitharaman

August 5, 2024 14:38

Public sector banks' non-performing assets (NPAs) associated with Mudra loans have declined to 3.4% in 2023-24, according to Finance Minister Nirmala Sitharaman.

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...

Utkarsh Small Finance Bank Q1 Profit Surges 28% to Rs 137 Crore

August 3, 2024 19:43

Utkarsh Small Finance Bank reported a 28% jump in its Q1 profit to Rs 137 crore, driven by strong interest income and improved asset quality. Gross NPAs declined to 2.78% from 3.13% a year ago.

SBI Net Profit Flat at Rs 17,035 Crore in Q1 FY25

August 3, 2024 14:07

SBI reported a near-flat standalone net profit of Rs 17,035 crore for Q1 FY25, while total income increased to Rs 1,22,688 crore. Gross NPAs declined to 2.21% from 2.76% a year ago.

LIC Housing Q1 Profit Down 2% to Rs 1,300 Cr

August 2, 2024 21:04

LIC Housing Finance's profit declined 2% to Rs 1,300 crore in Q1 FY24, while total income rose. Gross NPAs improved to 3.29%.

Clix Capital Raises Rs 220 Crore from Apollo & Others

August 1, 2024 14:14

Non-bank lender Clix Capital secures Rs 220 crore funding from Apollo Global Management, Pramod Bhasin, and Anil Chawla to bolster lending capabilities in MSME, healthcare, and education.

Bank of Baroda Q1 Profit Rises 6% on Loan Growth

July 31, 2024 19:05

Bank of Baroda's net profit for the June quarter rose 6.19% to Rs 4,727.81 crore as the bank calibrated loan growth. Read more.

RBI Orders Banks to Check 'Wilful Default' in NPA Accounts

July 30, 2024 16:23

RBI mandates banks to scrutinize 'wilful default' in non-performing asset (NPA) accounts exceeding Rs 25 lakh, with a focus on transparency and credit information dissemination.

PNB Shares Surge 6% on Record Quarterly Profit

July 29, 2024 18:07

Punjab National Bank (PNB) shares soared after reporting a record quarterly profit of Rs 3,252 crore, driven by lower bad loans and improved interest income. The stock closed at Rs 126.95, up...

CSB Bank Q1 Profit Down 14% to Rs 113 Crore - Bad Loans Rise

July 29, 2024 15:28

CSB Bank's net profit for Q1 FY24 declined by 14% to Rs 113 crore due to an increase in bad loans. Gross NPAs rose to 1.69% of gross advances.

Indian Bank Q1 Profit Jumps 41% to Rs 2,403 Cr

July 29, 2024 15:11

Indian Bank's net profit surged 41% to Rs 2,403 crore in the June quarter, driven by lower bad loans. Total income also rose, while asset quality improved.

Bandhan Bank Shares Surge 13% After Strong Q1 Earnings

July 29, 2024 11:22

Bandhan Bank shares rallied over 13% on Monday after the private lender reported a 47% jump in net profit for the June quarter, driven by improved asset quality.

ICICI Bank Shares Surge 3% After Strong Earnings

July 29, 2024 11:08

ICICI Bank shares climbed nearly 3% on Monday after the company reported a 10% increase in consolidated net profit for the June quarter, driven by strong treasury gains.

IDFC First Bank Q1 Profit Down 11% to Rs 680 Crore - Business News

July 27, 2024 22:37

IDFC First Bank reported an 11% decline in net profit to Rs 680 crore in Q1 FY24. Total income rose, while gross NPAs declined.

J''K Bank Profit Surges 27% to Rs 415 Cr in Q1

July 27, 2024 18:54

J''K Bank's net profit soared 27% to Rs 415 crore in the April-June quarter, driven by strong interest income and improved asset quality. Read more.

Equitas Small Finance Bank Q1 Profit Dips to Rs 25.75 Cr

July 27, 2024 17:47

Equitas Small Finance Bank reports a decline in Q1 net profit to Rs 25.75 crore, attributed to a provision for strengthening PCR. Gross advances grew by 18% YoY.

ICICI Bank Q1 Profit Jumps 10% to Rs 11,696 Cr

July 27, 2024 15:36

ICICI Bank reports a 10% rise in consolidated net profit for the June quarter, reaching Rs 11,696 crore. Standalone profit also increased to Rs 11,059 crore.

SBI Card Q1 Profit Flat: Higher Impairment Hits Earnings

July 26, 2024 20:08

SBI Cards and Payment Services reported a flat net profit of Rs 594 crore in Q1 FY25, impacted by rising delinquencies and higher impairment losses. Gross NPA rose to 3.06% from 2.41% a year ago.

Shriram Finance Q1 Profit Surges 19% to Rs 2,031 Cr

July 26, 2024 19:50

Shriram Finance Ltd reports a 19% rise in consolidated net profit to Rs 2,031 crore for the June quarter FY25. The company's asset quality also improved.

ESAF Small Finance Bank Q1 Profit Down 52% to Rs 63 Cr

July 26, 2024 18:37

ESAF Small Finance Bank reported a 52% decline in Q1 net profit to Rs 63 crore due to an increase in bad loans. Gross NPAs surged to 6.61% of gross advances, while total income rose to Rs 1,138 crore.

Punjab & Sind Bank Q1 Profit Rises 19% to Rs 182 Cr

July 26, 2024 17:42

Punjab & Sind Bank reported a 19% rise in net profit to Rs 182 crore in the June 2024 quarter, driven by a decline in bad loans. Total income also increased, while asset quality improved.

Bandhan Bank Q1 Profit Surges 47% to Rs 1,063 Cr

July 26, 2024 17:09

Bandhan Bank reported a 47% jump in net profit for the June 2024 quarter, reaching Rs 1,063 crore, driven by a decline in bad loans. The bank's total income and interest income also grew.

IndusInd Bank Q1 Profit Up 2% to Rs 2,171 cr

July 26, 2024 16:47

IndusInd Bank reported a 2% increase in net profit to Rs 2,171 crore for the first quarter ended June 30, 2024. Total income rose, but gross NPAs worsened.

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.

AU Small Finance Bank Q1 Profit Surges 30% to Rs 502 cr

July 25, 2024 17:31

AU Small Finance Bank reported a 30% jump in its net profit to Rs 502 crore in Q1 FY24, driven by strong growth in interest income. The bank also plans to transition to a Universal Bank.

PNB Housing Q1 Net Profit Up 25% to Rs 433 cr - Business News

July 25, 2024 16:12

PNB Housing Finance reported a 25% increase in its net profit to Rs 433 crore in the first quarter ended June 2024. Read more about the company's financial performance.

Canara Bank Q1 Profit Up 10% to Rs 3,905 Cr

July 25, 2024 14:07

Canara Bank's net profit rose 10% to Rs 3,905 crore in Q1 FY24, driven by lower bad loans. Total income also increased, while gross and net NPAs declined.

Federal Bank Q1 Profit Rises 17% to Rs 1,027 Cr: Key Highlights

July 24, 2024 17:06

Federal Bank's Q1 profit surged 17% to Rs 1,027 crore, driven by loan recoveries and NRI deposit growth. Read about key financial highlights and growth plans.

M&M Financial Services Q1 Profit Surges 45% to Rs 513 Cr

July 23, 2024 21:44

Mahindra & Mahindra Financial Services reported a 45% jump in June quarter net profit to Rs 513 crore, driven by strong loan growth and improved asset quality.

Jana SFB Q1 Profit Soars 89% to Rs 171 Crore

July 22, 2024 19:02

Jana Small Finance Bank reported an 89% jump in Q1 net profit to Rs 171 crore, driven by strong loan growth and stable margins. Gross NPA ratio rose to 2.62% from 2.11% in the previous quarter.

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...

Supertech Township Projects Faces Insolvency Over Rs 216 Crore Debt

July 22, 2024 17:55

The National Company Law Tribunal has ordered insolvency proceedings against Supertech Township Projects over a Rs 216.92 crore default by Punjab & Sind Bank. This is the third Supertech group firm...

Kotak Bank Q1 Profit Surges 79% on Insurance Stake Sale

July 20, 2024 19:30

Kotak Mahindra Bank reported a 79% jump in Q1 profit, driven by a stake sale in its insurance arm and strong subsidiary performance. RBI restrictions impacted standalone growth.

HDFC Bank Q1 Profit Dips: Lower Income, Higher Tax

July 20, 2024 19:07

HDFC Bank reported a 6.51% decline in Q1 profit due to lower other income and higher tax outgo. Non-interest income dipped 41.3%, while deposits rose 4.6%.

Kotak Mahindra Bank Q1 Profit Up 2% to Rs 3,520 cr - Business News

July 20, 2024 16:03

Kotak Mahindra Bank reported a 2% rise in net profit to Rs 3,520 crore for the first quarter ended June 2024. Read more about the bank's financial performance.

Yes Bank Q1 Profit Surges 46.7% on Lower Provisions

July 20, 2024 15:58

Yes Bank's net profit rose 46.7% in Q1 FY25, driven by lower provisions and strong loan growth. Deposits grew over 20%, and the bank targets 16-17% loan growth for FY25.

RBL Bank Q1 Net Profit Jumps 29% to Rs 372 cr

July 20, 2024 15:20

RBL Bank's net profit surged 29% to Rs 372 crore in Q1 FY24, driven by strong loan growth and deposit mobilization. Read more.

HDFC Bank Q1 Profit Surges 33% to Rs 16,474 Cr

July 20, 2024 14:48

HDFC Bank's net profit for the June 2024 quarter soared 33.17% to Rs 16,474.85 crore, driven by strong revenue growth and lower provisions. Read more.

Union Bank Profit Up 13.7% to ₹3,679 Cr, Flags Margin Concerns

July 20, 2024 14:08

Union Bank of India's net profit rose 13.7% to ₹3,679 crore in Q1 FY24, but the bank flagged challenges on net interest margins due to higher deposit costs.

Bank of Maharashtra Shares Surge 6% on Q1 Earnings

July 15, 2024 16:51

Bank of Maharashtra shares rallied nearly 6% after reporting a 47% jump in net profit for the June quarter. The rise was driven by a decline in bad loans and improved interest income.

Bank of Maharashtra Q1 Profit Surges 47% to Rs 1,293 Cr

July 15, 2024 14:13

Bank of Maharashtra (BoM) reported a 47% jump in net profit for the June quarter, driven by lower bad loans and improved interest income. Total income also increased significantly.

Ireda Net Profit Soars 30% to Rs 383.69 Cr in Q1

July 12, 2024 23:04

Ireda, India's largest green financing NBFC, reports over 30% growth in net profit for Q1 FY24-25, reaching Rs 383.69 crore. The company also achieved record-breaking financial result publication...

India's Economic Growth Sustained by Low Bad Loans: RBI Report

June 27, 2024 19:24

India's economic growth remains strong, with bad loans declining to a 12-year low and a healthy banking system, according to the RBI's Financial Stability Report. The report highlights robust...

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.

India's Financial System Resilient, NPAs at Multi-Year Low: RBI

June 27, 2024 16:06

India's financial system remains robust with gross NPAs of banks falling to a multi-year low of 2.8% in March 2024, according to the RBI's Financial Stability Report.

Not acting on unsecured lending could have created bigger problem; RBI actions slowed growth: Das

June 20, 2024 12:16

RBI Governor Shaktikanta Das said not acting on unsecured lending could have created a bigger problem and that RBI's actions have slowed down growth in the riskier segment.

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.

IIFL Finance Q4 Profit Down 6% to Rs 431 Cr | RBI Gold Loan Ban Impact

June 16, 2024 15:57

IIFL Finance reported a 6% decline in Q4 profit to Rs 431 crore, impacted by the RBI's ban on gold loan business. The company's total income rose, but NPAs increased.

NCLT orders insolvency proceeding against Supernova project developer Supertech Realtors

June 15, 2024 18:21

NCLT orders insolvency proceedings against Supertech Realtors for its Supernova project due to a Rs 168.04 crore default to Bank of Maharashtra. The project, a 80-floor building, is facing...

NCLT Initiates Insolvency Against Himalayan Mineral Water

June 9, 2024 13:37

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Himalayan Mineral Waters for defaulting on a corporate guarantee given for LeeL Electricals. The insolvency...

PNB Outperforms Competition: MD Goel on Profitability & Growth

June 2, 2024 14:30

Punjab National Bank (PNB) is poised for strong growth with improved profitability. MD Atul Kumar Goel outlines the bank's strategy for exceeding competition and achieving significant gains in the...

Dvara KGFS Reports 230% Rise in FY'24 Net Profits

May 31, 2024 16:23

Dvara Kshetriya Gramin Financial Services (Dvara KGFS) announced a significant increase in net profit for FY'24, driven by strong loan portfolio growth and improved operational efficiency.

Cosmos Bank to Hike Tech Spending in FY25

May 28, 2024 19:48

Cosmos Bank aims to increase technology spending to 9% of operating expenses in FY25, up from 7% currently, as part of its focus on digital transformation. The bank reported a net profit of Rs 384...

Indiabulls Housing Finance Q4 Profit Up 21% to Rs 319 Cr

May 24, 2024 18:59

Indiabulls Housing Finance reports a 21% increase in Q4 profit to Rs 319 crore, driven by revenue growth and improved asset quality. Gross NPAs declined to 2.69% in March 2024.

Karnataka Bank Q4 Profit Down 23% to Rs 274 Cr

May 24, 2024 18:14

Karnataka Bank reported a 23% decline in Q4 profit to Rs 274 crore due to a one-time staff cost increase. Gross NPAs moderated to 3.53% while net NPAs declined to 1.58% of advances.

Karur Vysya Bank to Open 100 New Branches in FY24

May 22, 2024 16:16

Karur Vysya Bank plans to open 100 new branches across India in the current financial year, aiming to expand its reach and boost its growth momentum.

Bank of Maharashtra Tops PSU Banks in FY24 Growth

May 19, 2024 12:45

Bank of Maharashtra recorded the highest growth in total business and deposits among PSBs in FY24, outperforming even SBI. BoM also leads in CASA growth and asset quality.

Bandhan Bank Q4 Net Dips, Asset Quality Improves

May 17, 2024 20:32

Bandhan Bank's net profit declined in Q4 due to higher provisioning and write-offs, but asset quality improved. Learn more about the bank's performance and outlook.

RBI Approves Pradeep Natarajan as IDFC FIRST Bank Director

May 17, 2024 16:15

Reserve Bank of India (RBI) approves Pradeep Natarajan as Whole Time Director on the Board of IDFC FIRST Bank, the private sector lender.

Company Name
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Vodafone Idea L
8.25 (+ 1.85)
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Standard Capital
0.55 (+ 3.77)
26210368

G G Engineering
0.98 (+ 8.89)
13834917

AvanceTechnologies
0.63 (+ 16.67)
13799975

Sharp Investments
1.14 (+ 20.00)
10867888

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Search result for 'non-performing assets'

Sovereign Gold Bonds: 67 Tranches Issued by Govt till FY25

BAANKNET: PSU Bank E-Auction Portal Launched | India News

New India Bank Depositors Seek RBI Help Amidst Financial Crisis

Banks Write Off Rs 16.35 Lakh Cr Bad Loans in 10 Years

McLeod Russel Debt Transferred to NARCL at 36% Discount

Satin Creditcare Secures USD 100 Million Loan

Sebi Resolves AIF Regulation Circumvention Issue

Jammu & Kashmir Economy to Grow 7.06% in 2024-25

Bengal Cold Storage Rent Hike Urged: Potato Prices &amp; Storage Crisis

PNB Reports Rs 270.57 Crore Loan Fraud by Gupta Power Infrastructure

ED Restitutes Rs 30 Crore to SBI in Telangana Loan 'Fraud' Case

Northern Arc Q3 Profit Flat at Rs 76 Crore - Business News

RBI Takes Action on New India Co-operative Bank: Fund Misappropriation

PFC Net Profit Jumps 23% to Rs 7,760 Cr in Dec Quarter

Aadhar Housing Finance Q3 Profit Up 17% to Rs 239 Cr

SBI Q3 Profit Soars 84% to Rs 16,891 Cr

SBI Q3 Profit Surges 84% to Rs 16,891 Cr

2,664 Wilful Defaulters in India: FinMin Update

PNB Stock Surges 5% on Q3 Profit Surge

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PNB Q3 Profit Surges Over 100% to Rs 4,508 Cr

BoB Profit Rises 5.6% to Rs 4,837 Cr in Dec Quarter

ARCs' Recovery Rate to Surge for Second Year: Report

Bajaj Finance Q3 Profit Jumps 18% to Rs 4,308 Cr

Indian Bank Q3 Profit Surges 35% to Rs 2,852 Cr

SBI Card Q3 Profit Down 30% on Higher Impairment

Federal Bank Q3 Profit Down 5% to Rs 955 Crore

Union Bank of India Q3 Profit Surges 28% to Rs 4,604 Cr

Canara Bank Q3 Profit Rises 12% to Rs 4,104 cr

ICICI Bank Q3 Profit Surges 15% to Rs 11,792 Cr

IDFC First Bank Q3 Profit Drops 53% on Higher Provisions

ICICI Bank Q3 Profit Surges 15% to Rs 11,792 cr

Yes Bank Q3 Profit Surges to Rs 612 Cr

Ujjivan Small Finance Bank Stock Drops After Q3 Earnings

PC Jeweller Settles Sebi Case for Rs 7.23 Crore

Bank of India Q3 Profit Jumps 35% to Rs 2,517 Cr

AU Small Finance Bank Q3 Profit Surges 41% to Rs 528 Cr

Ujjivan Small Finance Bank Q3 Profit Down 64% to Rs 109 cr

HDFC Bank Q3 Profit Up 2.3%, Loan Growth Slows

HDFC Bank Q3 Profit Rises Slightly to Rs 16,736 Cr

South Indian Bank Q3 Profit Rises 12% to Rs 341 cr

PNB Housing Finance Profit Jumps 43% in Q3

UCO Bank Q3FY'25 Net Profit Rises 27% to Rs 638.8 Crore

UCO Bank Q3 Profit Surges 27% to Rs 639 Cr

IDBI Bank Shares Surge 2.5% on Strong Q3 Earnings

IDBI Bank Q3 Profit Rises 31% to Rs 1,908 Cr

Central Bank of India Q3 Profit Jumps 33% to Rs 959 Crore

IOB Q3 Profit Jumps 21% on Lower Bad Loans

Punjab & Sind Bank to Raise Rs 2,000 Cr via QIP

RBL Bank Q3 Profit Plunges on MFI Loan Reversals

Kotak Bank Q3 Profit Up 10%, Capital Mkt Arms Aid - RBI Embargo Unclear

Kotak Mahindra Bank Q3 Profit Rises 10% to Rs 4,701 Cr

Axis Bank Q3 Profit Up 4%, Loan Growth Slows

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BoM to Reduce Govt Holding Below 75% via Capital Raise

SFB NPAs to Rise, Loan Growth to Slow in FY25: Icra

Punjab & Sind Bank Q3 Profit Doubles to Rs 282 Cr

Bank of Maharashtra Q3 Profit Soars 36% to Rs 1,406 Crore

IBBI Mandates eBKray Auction Platform for Liquidation Assets

IOB to Sell Rs 11,500 Crore NPAs to ARCs

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P2P Lending NPAs Surge to Rs 1,163 cr in FY24

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Punjab & Sind Bank to Raise Rs 3,000 Cr from Infrastructure Bonds

Public Sector Bank NPAs at Rs 3.16 Lakh Crore: Parliament Informed

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