Page 11 - Banking Sector

RBI steps up fund infusion as system liquidity 'almost neutral'

Rates on CPs, CDs surge; pressure mounts on banks to raise deposits

RBI reviewing regulation for governing non-core business of banks

The modifications in relation to banks' non-core business could be made by amending the Banking Regulation Act

SBI Card Q2 net profit jumps 52% to Rs 526 crore on low provisions

Impairment losses and bad debts declined 8 per cent YoY to Rs 546 crore but was up 21 per cent sequentially.

Private banks' net profit soars on healthy loan growth, higher margins

NIMs expanded as banks hiked rates on lending faster than those on deposits

Dhanlaxmi Bank gets legal breather in fresh twist to tussle for board seat

Kerala HC on Tuesday ruled in favour of the bank on the issue of writ petitions filed by four persons demanding board positions

Utkarsh Small Finance Bank gets Sebi's go ahead to float Rs 500-crore IPO

The lender may consider issue of securities aggregating up to Rs 100 crore in a pre-IPO placement round

Centre unlikely to infuse any capital into the PSBs in FY23: Report

Between FY16 and FY21, the government infused Rs 3.3 trillion into PSBs helping the banks in improving their balance sheets and the capital-to-risk-weighted assets ratio (CRAR)

Q2 scorecard: Banks' loan growth outpaces deposits by a huge margin

Banks walk the extra mile to woo depositors

Climate risks: Headwinds for banking

"Climate action failure" still features among the foremost long-term threats, and its severity is increasing

State Bank of India, IDBI Bank hike retail fixed deposit rates

For 1 year to less than 2 years, SBI is offering 6.10% as compared to 5.60% earlier

Karur Vysya Bank net profit up 52% at Rs 250 cr in Q2, deposits grow

NPA declines to Rs 2,457 crore, compared to Rs 3,972 crore a year ago

IDBI Bank net profit jumps 46% to Rs 828.09 crore in Sept quarter

Profits would have been higher if not for aggressive provisioning: IDBI Bank CEO

RBI lifts ban on new branches by Tamilnad Mercantile Bank

At present, the bank has 509 branches -- 106 rural, 247 semi-urban, 80 urban and 76 in metropolitan

PSBs to soon have a helpline for customer grievance redressal: Report

This comes against the backdrop of a large number of complaints by customers over non-operating helpline numbers of several branches of PSBs in India

Canara, UBI, Central Bank see 2-digit rise in net due to higher NII growth

NII of the lender grew 18.5 per cent year-on-year (YoY) to Rs 7,434 crore

Committed to Axis deal; will follow earlier methodology: Max Life CEO

Max Life and Max Financial Services are committed to going ahead with the deal with Axis Bank, which will see the latter acquire another 7 per cent stake in the life insurance company, said the CEO

Axis Bank Q2 net profit rises 70% to Rs 5,329 crore; NII jumps 31%

Not looking to raise capital immediately for Citi deal: MD-CEO

Union Bank Q2 net up 21.07 per cent to Rs 1,848 crore on a YoY basis

Its net interest margin (NIM) improved to 3.15 per cent in Q2FY23 from 2.95 per cent in Q2FY2

AU Small Finance Bank's net profit rises 23% to Rs 343 crore in Q2

AU Small Finance Bank (SFB) on Wednesday reported a 23 per cent rise in its net profit at Rs 343 crore in the July-September quarter on healthy growth in loan disbursals aided by consistent fall in bad loans. The Jaipur-based lender had posted a net profit of Rs 279 crore in the same period in the year ago fiscal year. Bank's net interest income (interest earned minus expended) grew by 44 per cent to Rs 1,083 crore during July-September period of 2022-23, as against Rs 753 crore in same period of 2021-22, AU SFB said in a regulatory filing. Total income of the bank was up by 40.3 per cent at Rs 2,240 crore as against Rs 1,597 crore. Gross advances of the lender rose to Rs 52,452 crore as of Q2FY23 as against Rs 36,405 crore during the same period a year ago, with auto, MSME and home loans accounting for 75 per cent of the component. Disbursements during the quarter stood at Rs 8,605 crore as against Rs 5,061 crore. "The operating environment in Q2FY23 saw uncertainty over inflati

Rupee declines 0.8%, closes at fresh all-time low of 83 vs US dollar

Analysts say RBI is allowing the depreciation amid wider CAD and higher US interest rates