Search result for 'non-performing assets (npas)'

Axis Bank Q4 Profit Flat at Rs 7,118 Cr | Latest News

April 24, 2025 17:38

Axis Bank reported a marginal decline in net profit to Rs 7,117.5 crore in the March quarter, with total income rising to Rs 38,022 crore. Read more about Axis Bank's Q4 financial performance.

HDFC Bank Q4 Profit Rises 6.6% to Rs 17,616 Cr

April 19, 2025 15:41

HDFC Bank's standalone profit surged 6.6% to Rs 17,616 crore in Q4 FY25, driven by higher interest income. However, asset quality showed slight deterioration.

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...

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...

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%...

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...

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...

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 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...

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...

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.

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...

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.

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.

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.

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.

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...

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.

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.

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...

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.

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.

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.

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%.

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%.

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 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...

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...

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...

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.

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%.

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.

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.

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.

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.

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.

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...

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.

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.

LIC Housing Finance Q4 Profit Down 7.5% to Rs 1091 cr

May 15, 2024 23:17

LIC Housing Finance reported a 7.5% decline in its Q4 profit to Rs 1,091 crore, but total income increased. Gross NPAs improved to 3.31% from 4.41%.

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...

IIFCL Profit Surges 44% to Record Rs 1,552 Crore in FY24

May 15, 2024 13:27

India Infrastructure Finance Company Ltd (IIFCL) reported a 44% rise in net profit to Rs 1,552 crore in FY24, driven by increased lending and reduced bad loans.

Karur Vysya Bank Q4 Profit Rises 35% to Rs 456 cr

May 13, 2024 19:35

Karur Vysya Bank reported a 35% increase in net profit to Rs 456 crore in the March quarter, driven by strong growth in interest income and improved asset quality. Read more.

Assam Businesses Struggle: High Taxes, Inflation & Lack of Schemes

May 13, 2024 13:23

Mid-segment businesses in Assam are facing challenges due to high taxes, inflation, and limited government support. They hope the new government will address their concerns.

Punjab & Sind Bank Q4 Profit Slumps 70% to Rs 139 Cr

May 10, 2024 20:24

Punjab & Sind Bank's net profit declined by 70% to Rs 139 crore in Q4 FY24 due to bad loan provisions. However, total income and interest income increased. Gross NPAs also moderated.

Bank of India Q4 Profit Rises 7% to Rs 1,439 Cr

May 10, 2024 18:11

Bank of India's net profit increased by 7% to Rs 1,439 crore in the March quarter. The bank's gross NPAs moderated to 4.98% and net NPAs declined to 1.22%.

Bank of Baroda Q4 Profit Rises Marginally to Rs 4,886 Crore

May 10, 2024 15:29

Bank of Baroda (BoB) reported a 2.3% increase in net profit for the fourth quarter ended March 2024, reaching Rs 4,886 crore. Total income rose to Rs 33,775 crore, driven by growth in interest...

IOB Profit Soars 24% to Rs 808 Crore in Q4 FY24

May 9, 2024 20:26

Indian Overseas Bank (IOB) reported a strong Q4 FY24, with profit rising 24% to Rs 808 crore. The bank also saw improved asset quality and net interest margin.

ESAF Small Finance Bank Q4 Profit Down 57% to Rs 43 Cr

May 9, 2024 14:33

ESAF Small Finance Bank's net profit fell 57% to Rs 43.4 crore in Q4 FY24 due to higher provisions. Total income rose, but NPAs and provisions increased. Capital Adequacy Ratio improved to 23.27%.

PNB Q4 Profit Soars 3-Fold to Rs 3,010 Cr | Business News

May 9, 2024 14:23

Punjab National Bank (PNB) reported a significant jump in net profit for the fourth quarter ended March 2024, driven by improved core income and reduced bad loans. Learn more about PNB's financial...

Canara Bank Q4 Profit Surges 18% to Rs 3,757 Crore

May 8, 2024 14:10

Canara Bank reported an 18% rise in its net profit to Rs 3,757 crore in Q4 FY24, driven by strong interest income and improvement in asset quality. Gross NPAs fell to 4.23% from 5.35% a year ago.

IDBI Bank Q4 Profit Soars 44% to Rs 1,628 cr

May 4, 2024 14:58

IDBI Bank reports a strong Q4 FY24, with net profit jumping 44% to Rs 1,628 crore. Total income also increased, and net NPA ratio improved.

Kotak Bank Q4 Profit Jumps 18% to Rs 4,133 Cr

May 4, 2024 14:47

Kotak Mahindra Bank reported an 18% rise in standalone net profit for the quarter ended March 31, 2024, reaching Rs 4,133 crore. Total income also grew significantly.

Cholamandalam Investment Q4 Profit Up 25% to Rs 1,065 Crore

April 30, 2024 17:45

Cholamandalam Investment and Finance Company reported a 24.5% rise in net profit to Rs 1,065 crore for the March quarter, driven by growth in core business. The company's total income and interest...

Central Bank of India Q4 Profit Surges 41% to Rs 807 Crore

April 30, 2024 15:35

Central Bank of India's net profit jumped 41% to Rs 807 crore in Q4 FY24, driven by lower bad loans and higher interest income. The bank also announced plans to raise up to Rs 5,000 crore in capital.

UCO Bank Q4 Profit Down 10% to Rs 526 Cr

April 29, 2024 22:40

UCO Bank's net profit declined by 10% to Rs 526 crore in Q4 FY24, while total income increased. The bank also announced a dividend after nine years. Learn more.

PNB Housing Finance Q4 Profit Surges 57% to Rs 444 Crore

April 29, 2024 16:45

PNB Housing Finance reported a 57% jump in its net profit to Rs 444 crore in Q4 FY24, driven by strong interest income and AUM growth. Read more.

IDFC FIRST Bank Q4 Profit Down 10% on Higher Provisions

April 27, 2024 17:53

IDFC FIRST Bank's Q4 profit fell 10% to Rs 724 crore due to increased provisions, though net income and NII grew. Gross NPAs also declined.

Bank of Maharashtra Q4 Profit Jumps 45%, Plans Fund Raising

April 26, 2024 20:10

Bank of Maharashtra reported a 45% rise in net profit for the March quarter, driven by lower bad loans and higher interest income. The bank plans to raise capital in FY25 to bolster loan growth and...

CSB Bank Q4 Profit Falls 3% to Rs 151 Cr

April 26, 2024 18:49

CSB Bank's net profit for Q4 FY24 declined by 3% to Rs 151 crore, impacted by rising bad loans. Total income rose to Rs 991 crore, while gross NPAs increased to 1.47%.

Bank of Maharashtra Stock Up 4% on Q4 Earnings

April 26, 2024 18:19

Bank of Maharashtra's stock surged nearly 4% after reporting a 45% rise in net profit for the March quarter. The bank also saw a decline in bad loans and an increase in interest income.

Bajaj Finance Shares Plunge 8% After Earnings Miss

April 26, 2024 17:59

Bajaj Finance shares slumped nearly 8% on Friday after its March quarter earnings disappointed investors, wiping out Rs 34,914 crore from its market cap. The NBFC reported a 21% rise in net profit...

Utkarsh Small Finance Bank Q4 Profit Up 19% to Rs 160 cr

April 26, 2024 17:53

Utkarsh Small Finance Bank reported a 19% rise in net profit to Rs 160 crore in Q4 FY24. Total income rose to Rs 1,016 crore, while gross NPAs declined to 2.51%.

Bank of Maharashtra Q4 Profit Surges 45% to Rs 1,218 Crore

April 26, 2024 13:56

Bank of Maharashtra reports a 45% jump in Q4 profit to Rs 1,218 crore, driven by lower bad loans and higher interest income. The bank also announced a dividend and plans to raise capital.

Bajaj Finance Shares Plunge 8% After Earnings

April 26, 2024 12:00

Bajaj Finance shares fell sharply on Friday after the company's March quarter earnings failed to impress investors. The NBFC reported a 21% rise in net profit, but expenses also increased.

NFRA Fines Audit Firm Rs 5 Lakh for Vikas WSP Audit Lapses

April 25, 2024 19:58

NFRA has penalized an audit firm Rs 5 lakh for professional misconduct and lapses in auditing Vikas WSP Ltd's FY20 financials, citing overstatement of profits due to unrecognised interest expense.

Bajaj Finance Q4 Profit Surges 21% to Rs 3,825 Cr

April 25, 2024 18:29

Bajaj Finance's net profit for the March quarter rose 21% to Rs 3,825 crore, driven by strong growth in net interest income. Total assets under management increased 30% to Rs 3,30,615 crore.

IndusInd Bank Q4 Profit Up 15% to Rs 2,349 Cr

April 25, 2024 16:35

IndusInd Bank reported a 15% rise in Q4 profit to Rs 2,349 crore, driven by increased interest income. Gross NPAs improved to 1.92%, while the bank declared a dividend of Rs 16.50 per share.

Axis Bank Q4 Profit Surges to Rs 7,129 cr, Credit Card Issuance Up

April 24, 2024 18:16

Axis Bank reported a net profit of Rs 7,129.67 crore in Q4 FY24, a significant improvement from the previous year. The bank also saw strong growth in credit card issuance and its balance sheet.

Tamilnad Mercantile Bank Q4 Profit Flat at Rs 253 Crore

April 22, 2024 18:02

Tamilnad Mercantile Bank's net profit remained unchanged at Rs 253 crore in the March 2024 quarter, while total income rose to Rs 1,418 crore. Gross NPAs increased to 1.44% compared to 1.39% in...

PC Jeweller to Raise Rs 2,000 Cr via Rights Issue & Warrants

April 16, 2024 19:51

PC Jeweller's board approves a proposal to raise Rs 2,000 crore through rights issue and preferential allotment of convertible warrants to address financial liabilities and court proceedings.

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.

JM Financial Q3 Profit Surges 46% to Rs 278 Cr

February 12, 2024 21:23

JM Financial reported a 46% jump in net profit to Rs 278 crore in the December quarter driven by robust revenue growth. Equity broking and loan book expansion contributed significantly.

Jammu & Kashmir Budget Shows Economic Growth: LG Sinha

February 11, 2024 19:50

Jammu & Kashmir's interim budget shows significant growth in GSDP and financial parameters over the past four years, says LG Manoj Sinha, highlighting economic progress and development.

Bank of Maharashtra Expands Pan-India Presence, Non-Maharashtra Business Booms

February 10, 2024 16:53

Bank of Maharashtra has seen significant growth in non-Maharashtra regions, now accounting for 55-60% of its business. The bank is adding over 100 new branches this quarter.

Suryoday Small Finance Bank Q3 Profit Soars 300% to Rs 57 Crore

February 8, 2024 21:35

Suryoday Small Finance Bank's Q3 profit jumps to Rs 57 crore, driven by higher core income and lower bad loans. Learn more about the bank's performance.

Fusion Micro Finance Q3 Profit Up 23% to Rs 126 Cr

February 5, 2024 21:59

Fusion Micro Finance reported a 23% increase in net profit to Rs 126 crore in Q3 FY24, driven by higher interest income and AUM growth. Learn more about the company's financial performance.

BoM Tops PSU Banks in Deposit Growth Q3 2023

February 4, 2024 14:57

Bank of Maharashtra (BoM) recorded the highest deposit growth among PSU banks in Q3 2023, exceeding even SBI. BoM also boasts strong CASA ratio and low NPAs.

SBI Net Profit Down 35% to Rs 9,164 Crore in Q3

February 3, 2024 14:19

State Bank of India (SBI) reported a 35% decline in standalone net profit to Rs 9,164 crore for the December quarter. Total income rose to Rs 1,18,193 crore, while NPAs eased.

Dhanlaxmi Bank Q3 Profit Down to Rs 3 Crore - PTI

February 2, 2024 21:02

Dhanlaxmi Bank reported a significant drop in net profit to Rs 3 crore in Q3 FY24, down from Rs 22 crore a year ago. The bank's total income, however, increased. Read more.

Bank of India Q3 Profit Surges 62% to Rs 1,870 Cr

February 2, 2024 18:11

Bank of India reported a 62% jump in net profit to Rs 1,870 crore in the December quarter, driven by a decline in bad loans. Gross NPAs fell to 5.35% from 7.66% a year ago.

Punjab & Sind Bank Q3 Net Profit Drops 69% - PTI

January 31, 2024 22:29

Punjab & Sind Bank reported a 69% decline in its net profit for the third quarter ended December 2023. Despite the drop, the bank's total income and capital adequacy ratio improved.

Bank of Baroda Q3 Profit Soars 19% to Rs 4,579 Cr

January 31, 2024 21:21

Bank of Baroda reports a 19% rise in net profit to Rs 4,579 crore for the December quarter, driven by strong asset quality and higher write-backs.

Bank of Baroda Shares Surge 4.50% on Q3 Earnings

January 31, 2024 16:49

Bank of Baroda shares climbed 4.50% on Wednesday after the company reported a 19% rise in net profit for the third quarter ended December 2023. The stock also hit a 52-week high.

Bank of Baroda Q3 Profit Jumps 19% to Rs 4,579 cr

January 31, 2024 14:36

Bank of Baroda's Q3 profit rose by 19% to Rs 4,579 crore, driven by increased interest income and a decline in NPAs. Learn more about BoB's financial performance.

Mahindra Finance Q3 Profit Down 12% to Rs 553 Cr

January 30, 2024 21:34

Mahindra Finance's net profit fell 12% to Rs 553 crore in Q3, despite a 25.5% rise in loan disbursals. The company's asset quality improved, pushing up its Net Interest Margin (NIM).

Bajaj Finance Shares Plunge 5%, Mcap Falls by Rs 22,984 cr

January 30, 2024 17:07

Bajaj Finance shares tumbled over 5% on Tuesday after disappointing Q3 earnings. The company's market cap eroded by Rs 22,984 crore, making it the biggest laggard on the Sensex and Nifty.

Bajaj Finance Q3 Profit Surges 22% to Rs 3,639 Cr

January 29, 2024 19:30

Bajaj Finance reports a 22% jump in Q3 net profit to Rs 3,639 crore, driven by strong growth in assets under management and net interest income. Gross NPAs decline to 0.95% from 1.14% YoY.

Piramal Enterprises Reports Q3 Loss: RBI Norms Hit

January 29, 2024 18:17

Piramal Enterprises Ltd. posted a Rs 2,378 crore loss in Q3 due to provisions related to RBI norms on alternative investment funds. Learn more about the impact on the NBFC.

AU Small Finance Bank Shares Plunge 12% on Earnings Miss

January 29, 2024 17:10

AU Small Finance Bank shares tumbled nearly 12% after reporting a 4% drop in net profit for the December quarter, driven by rising bad loans. The stock closed at Rs 626.80 on the BSE.

CSB Bank Q3 Profit Dips 4% to Rs 150 Cr | Business News

January 29, 2024 16:44

CSB Bank reports a 4% decline in Q3 profit to Rs 150 crore, with total income increasing to Rs 887 crore. Read more about the bank's financial performance.

AU Small Finance Bank Shares Plunge 12% on Q3 Earnings

January 29, 2024 11:11

AU Small Finance Bank shares tumbled nearly 12% after reporting a decline in net profit for the December quarter due to a rise in bad loans. Read more.

Utkarsh Small Finance Bank Q3 Profit Surges 24% to Rs 116 Cr

January 27, 2024 20:33

Utkarsh Small Finance Bank reported a 24% jump in its Q3 profit to Rs 116 crore, driven by strong interest income and improved asset quality. Gross NPAs declined to 3.04% from 3.58% a year ago.

SBI Card Q3 Profit Up 8% to Rs 549 Cr - Business News

January 26, 2024 11:29

SBI Cards and Payment Services Ltd reported an 8% rise in net profit to Rs 549 crore for the third quarter ended December 2023, driven by strong revenue growth.

SBI Cards Q3 Profit Up 8% to Rs 549 Cr - Business News

January 25, 2024 20:51

SBI Cards and Payment Services Ltd reported an 8% rise in net profit to Rs 549 crore for the third quarter ended December 2023. Read more about the company's financial performance.

AU Small Finance Bank Profit Down 4% in Q3

January 25, 2024 20:35

AU Small Finance Bank reported a 4% decline in net profit for the third quarter ended December 2023, primarily due to a rise in bad loans. The bank's total income and interest income increased, but...

PNB Profit Surges 3-Fold to Rs 2,223 Crore in Q3

January 25, 2024 19:30

Punjab National Bank (PNB) reports a strong Q3 FY24 with net profit surging over 300% to Rs 2,223 crore, driven by higher interest income and improved asset quality.

PNB Shares Surge 2% on Strong Q3 Earnings

January 25, 2024 18:19

Punjab National Bank (PNB) shares climbed over 2% after the company reported a more than three-fold jump in its profit for the December 2023 quarter. The bank's net profit rose to Rs 2,223 crore,...

PNB Q3 Profit Soars to Rs 2,223 Crore | Business News

January 25, 2024 14:46

Punjab National Bank (PNB) reported a significant rise in its Q3 profit, reaching Rs 2,223 crore, driven by strong income growth and a decline in NPAs.

PNB Housing Finance Q3 Profit Up 26% to Rs 338 Cr

January 24, 2024 20:56

PNB Housing Finance reported a 26% jump in net profit for the third quarter ended December 2023, reaching Rs 338 crore. Total revenue and income moderated, while Gross NPAs declined to 1.73% as of...

UCO Bank Q3 Profit Down 23% to Rs 503 Cr

January 24, 2024 17:18

UCO Bank reported a 23% decline in net profit for the December quarter of 2023-24, with a profit of Rs 503 crore. The bank's gross NPAs also declined to 3.85% from 5.63% a year ago.

Indian Bank Q3 Profit Surges 52% to Rs 2,119 Crore

January 24, 2024 14:51

Indian Bank reported a 52% jump in net profit for the December quarter, driven by improved core income and a reduction in bad loans. Gross NPAs declined to 4.47% from 6.53% a year ago.

IOB Q3 Profit Surges 30% to Rs 723 Cr | Improved Income, Lower Bad Loans

January 24, 2024 14:32

Indian Overseas Bank (IOB) reported a 30% jump in Q3 profit to Rs 723 crore, driven by improved core income and a decline in bad loans. Gross NPAs fell to 3.90% from 8.19% a year ago.

Canara Bank Q3 Profit Surges 29% to Rs 3,656 Crore

January 24, 2024 13:28

Canara Bank reported a 29% jump in its Q3 profit to Rs 3,656 crore, driven by increased total income and net interest income. Gross NPAs also declined.

Karnataka Bank Q3 Profit Rises 10% to Rs 331 cr

January 23, 2024 19:43

Karnataka Bank's net profit increased by 10% to Rs 331 crore in Q3 FY24, driven by higher interest income. Read more about the bank's financial performance.

Tamilnad Mercantile Bank Q3 Profit Flat at Rs 284 cr

January 22, 2024 17:47

Tamilnad Mercantile Bank's net profit remained flat at Rs 284 crore in the December quarter despite a massive growth in lending. The bank's total income improved to Rs 1,387 crore from Rs 1,173...

J&K Bank Q3 Profit Surges 35% to Rs 421 Cr

January 20, 2024 18:18

J&K Bank's net profit soared 35% to Rs 421 crore in Q3 FY24, driven by lower bad loans and improved core income. The bank's total income also saw a significant increase.

IDFC First Bank Q3 Profit Rises 18% to Rs 716 cr

January 20, 2024 17:54

IDFC First Bank reported an 18% increase in net profit to Rs 716 crore in Q3 FY24, driven by improved interest income. Gross NPA ratio improved to 2.04% from 2.95% in the previous year.

IDBI Bank Q3 Profit Soars 57% to Rs 1,458 cr - LIC-Controlled Bank

January 20, 2024 14:44

IDBI Bank reported a 57% jump in net profit to Rs 1,458 crore in Q3 FY24, driven by lower provisioning and improved interest income. Gross NPA ratio improved to 4.69%, while net NPA declined to...

Union Bank of India Net Profit Surges 60% in Q3

January 20, 2024 14:41

Union Bank of India reported a 60% jump in net profit to Rs 3,590 crore in the December quarter, driven by lower provisioning and improved interest income. The bank's gross NPA ratio also improved...

RBL Bank Q3 Profit Up 11% to Rs 233 Crore

January 19, 2024 16:21

RBL Bank reported an 11% increase in profit to Rs 233 crore in Q3 FY24, driven by growth in interest income and a decline in bad loans. Total income also rose.

Central Bank of India Q3 Profit Surges 57% to Rs 718 Crore

January 19, 2024 13:56

Central Bank of India's Q3 profit jumped 57% to Rs 718 crore, driven by increased income and a decline in bad loans. Learn more about the bank's performance.

IndusInd Bank Q3 Profit Up 17% to Rs 2,301 Crore

January 18, 2024 17:12

IndusInd Bank reported a 17% increase in net profit to Rs 2,301 crore in Q3 FY24, driven by growth in total income and a decline in NPAs.

Indian Bank Exempted to Hold Over 30% Stake in ASREC

January 16, 2024 19:57

The Indian government has granted an exemption to Indian Bank, allowing it to retain over 30% stake in asset reconstruction company ASREC (India) Limited until March 2025.

Bank of Maharashtra Q3 Profit Jumps 34% to Rs 1,036 Crore

January 16, 2024 17:50

Bank of Maharashtra reports a 34% rise in Q3 net profit to Rs 1,036 crore driven by improved interest income and reduced bad loans. Read more about BoM's financial performance.

HDFC Bank Q3 Profit Surges 34% to Rs 16,373 Cr - Business News

January 16, 2024 16:30

HDFC Bank reports a strong Q3 FY24 with a 34% jump in standalone net profit to Rs 16,373 crore. Read more about the bank's performance, including income growth and asset quality.

Federal Bank Q3 Profit Surges 25% to Rs 1,007 Cr

January 16, 2024 13:19

Federal Bank's Q3 profit rose 25% to Rs 1,007 crore, driven by increased income and a decline in bad loans. The bank's total income surged to Rs 6,593 crore, while gross NPAs fell to 2.29%.

Bank of Maharashtra Q3 Profit Rises 34% to Rs 1,036 Crore

January 16, 2024 12:06

Bank of Maharashtra's profit surged by 34% in the third quarter of FY2023-24, reaching Rs 1,036 crore. The bank also saw an increase in total income and a decline in bad loans.

RBI's Proactive Measures Led to Banking System Turnaround: Das

January 12, 2024 22:05

RBI Governor Shaktikanta Das credits the central bank's timely and proactive regulatory measures for the banking system's turnaround, highlighting improved capital adequacy, asset quality, and...

AI, ML Drive P2P Lending Growth in India: LenDenClub

January 12, 2024 11:59

LenDenClub, India's largest P2P lending platform, uses AI and ML to streamline lending, enabling data-driven decisions and a safer, more inclusive experience for borrowers and investors.

IIFCL to Issue Rs 2,000 Crore Green Bonds in 6 Months

January 7, 2024 14:22

India Infrastructure Finance Company Ltd (IIFCL) plans to raise Rs 2,000 crore through green bonds in the next six months to fund sustainable infrastructure projects. The company is exploring both...

IIFCL IPO Planned for FY25: Value Unlock for Government

January 5, 2024 15:45

India Infrastructure Finance Company Ltd (IIFCL) aims to go public in FY25, unlocking value for the government. The company has seen strong performance with record loan sanctions and disbursements....

Business News: Sensex Falls, RBI Dividend Proposal, Rupee Declines

January 2, 2024 21:20

Sensex drops on profit-taking, RBI proposes dividend for banks with low NPAs, Rupee weakens against US dollar. Get the latest business updates here.

RBI Allows Dividend for Banks with Low NPAs

January 2, 2024 18:56

Reserve Bank of India (RBI) proposes new guidelines for dividend declaration by banks, allowing those with net NPAs under 6% to declare dividends. The guidelines also revise dividend payout ratios...

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.

FM to Review PSB Performance, Govt Schemes

December 26, 2023 18:34

Finance Minister Nirmala Sitharaman to meet PSB heads on Saturday to review performance, implementation of govt schemes like PMJDY, KCC, and credit growth.

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.

Jai Balaji Industries Retires Legacy NPAs with Rs 559 cr Loan

December 18, 2023 13:24

Jai Balaji Industries has secured a Rs 559 crore loan from Tata Capital Financial Services to retire legacy NPAs held by ARCs. The company aims to be debt-free within the next 12 months.

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.

Banks Write Off Rs 10.57 Lakh Crore in 5 Years: FinMin

December 5, 2023 16:46

Indian banks wrote off Rs 10.57 lakh crore in 5 years, including Rs 5.52 lakh crore from large industries, while recovering Rs 7.17 lakh crore in NPAs.

Karur Vysya Bank Expands Network with 4 New Branches

December 3, 2023 14:45

Karur Vysya Bank opens four new branches in Tamil Nadu and Karnataka, expanding its network to 831 branches across India. The bank is focused on growth, profitability, and asset quality.

Abhyudaya Coop Bank's Net NPA at 12%: RBI Steps In

November 25, 2023 17:00

Abhyudaya Cooperative Bank faces challenges with a high net NPA ratio and governance concerns. The RBI has superseded the board and appointed an administrator to address the situation.

L''T Finance Cuts Bank Borrowing to Manage Cost

November 23, 2023 20:56

L''T Finance will reduce bank borrowings and increase market financing to mitigate the impact of rising costs due to RBI's unsecured loan risk weightage increase.

BoB Q2 Profit Surges 28% to Rs 4,253 Crore

November 4, 2023 19:40

Bank of Baroda (BoB) reported a 28% rise in its net profit to Rs 4,253 crore in the second quarter, driven by lower bad loans and higher interest income. Read more.

BoB Q2 Profit Soars 28% to Rs 4,253 Crore

November 4, 2023 15:58

Bank of Baroda (BoB) reported a 28% rise in Q2 net profit to Rs 4,253 crore, driven by lower bad loans and higher interest income. Gross NPAs fell to 3.32% from 5.31% a year ago.

Company Name
Price
Volume

Vodafone Idea L
7.46 ( -6.05)
124683647

Murae Organisor
1.65 (+ 4.43)
63226630

Spicejet Ltd.
53.97 (+ 0.84)
23753629

Suzlon Energy Ltd.
57.95 ( -3.63)
19401066

GTL Infrastructure
1.52 ( -5.59)
16509443

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Search result for 'non-performing assets (npas)'

Axis Bank Q4 Profit Flat at Rs 7,118 Cr | Latest News

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Sovereign Gold Bonds: 67 Tranches Issued by Govt till FY25

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

McLeod Russel Debt Transferred to NARCL at 36% Discount

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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

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

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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

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

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Punjab & Sind Bank Q3 Profit Doubles to Rs 282 Cr

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IIFCL Plans Subsidiary for Asset-Backed Securities

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

Federal Bank Shares Surge 8% After Q2 Earnings

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

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

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

ICICI Bank Shares Surge 3% on Strong Q2 Earnings

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

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

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Bandhan Bank Q2 Profit Surges 30% to Rs 937 cr

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HDB Financial Services Prepares for IPO: RBI Listing Requirement

PNB Downgrades MTNL Loan to NPA Over Non-Payment

Microfinance Delinquencies to Hike NBFC-MFI Credit Cost: ICRA

Anil Ambani: Sebi Orders RHFL Management Defied Board on Lending

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

Dhanlaxmi Bank Reports Rs 8 Crore Loss in Q1 FY24

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

Mudra Loan NPAs Fall to 3.4%: Sitharaman

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

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

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

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

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

Assam Businesses Struggle: High Taxes, Inflation & Lack of Schemes