Page 18 - Banking Sector

Understanding Positive Pay System necessary to encash cheques from August 1

Several banks including BoB and SBI have issued notifications asking customers to register under PPS before August 1 to encash high-value cheques

Axis Bank Q1 review: Why did shares fall 3.5% despite 91% surge in profit?

According to analysts, Axis' earnings beat was led by NIM expansion, and credit cost being restricted at less than 20 bps

Canara Bank Q1 net up 71.8% YoY to Rs 2,022 cr on higher interest income

Sequentially, its net profit rose 21.4%; lender's treasury income rises despite hardening yields

Banks flag concerns on rupee, floating rate bonds ahead of RBI policy

The discussions were held ahead of the RBI's next monetary policy statement, scheduled August 5

Axis Bank Q1 result today: A look at the numbers in the last four quarters

Axis Bank Q1 Results: In FY22, the bank doubled its net profit to Rs 13,025 crore. The operating profit of the bank grew by 13 per cent YOY & 5 per cent QOQ, in Q4FY22

ICICI Securities June quarter results rained on by overcast broking biz

ICICI Securities client growth moderated to 27.7 per cent to 450,000, while active customers rose only 5.3 per cent QoQ to 3.2 million

Q1 early-bird results show inflation effect on India Inc's profits

First sequential contraction in corporate earnings after 4 quarters of expansion

ICICI Bank Q1FY23: Net jumps 49.5% YoY to Rs 6,904 cr on strong NII growth

ICICI Bank's net profit decreased 1.6 per cent from Rs 7,018.71 crore at the end of the January-March quarter

Karnataka Bank's Q1 net up 7.69 % to Rs 114 cr on improved interest margins

The Board has approved a proposal to seek shareholders' nod for raising further equity capital up to Rs 1,000 cr

YES Bank Q1 profit rises 50.2% to Rs 311 cr on improved interest margins

YES Bank's net interest income rose by 32 per cent in Q1FY23 to Rs 1,850 crore from Rs 1,404 crore in Q1FY22

ICICI Bank Q1FY23 result: Net profit increases 49.59% to Rs 6,905 crore

ICICI Bank PAT declined from Rs 7,018.71 crore recorded in the preceding quarter

No plan to pass interest rate hike to MFI customers: Suryoday SFB's Babu

R Baskar Babu, managing director & chief executive officer of Suryoday Small Finance Bank, tells Manojit Saha in an interview that the regulator wants these lenders to rebalance the portfolio

Digital lending firms should operate under licence granted: RBI governor

Central bank last month banned the loading of prepaid payment instruments from credit lines

Indian economy relatively better placed amid grim global scenario: RBI Guv

"RBI has been supplying US dollars to the market to ensure adequate supply of liquidity," Governor Shaktikanta Das said

ICICI Bank Q1 preview: Analysts expect profit to rise 40-47% YoY, NII 21%

Analysts expect loan growth to be at 20 per cent YoY at Rs 887,600 crore, up from Rs 738,600 crore last year

NCLT admits Bank of India's insolvency petition against Future Retail

IRP appointed; corporate insolvency resolution process to start against the retailer

RBI should come up with on-tap licences for UCBs, says Satish Marathe

The revised guidelines on UCB proposed a four-tiered regulatory framework with differentiated regulatory prescriptions aimed at strengthening the financial soundness of the existing UCB

AU Small Finance Bank Q1 net up 32% YoY to Rs 268 cr, down 23% sequentially

Improvement in NII, even as trading losses weigh on profitability

Canara Bank raises Rs 2,000 cr by issuing Basel III compliant bonds

"The bank received total bid amount of Rs 5,719 crore, out of which full issuance of Rs 2,000 crore was accepted at 8.24 per cent," Canara Bank said in a regulatory filing.

IndusInd Bank's board approves fundraise of up to Rs 20,000 crore

The bank's board also approved the re-appointment of Akila Krishnakumar as non-executive independent director