Page 22 - Banking Sector

Bank of Maharashtra tops PSU lenders chart in loan growth in FY22

The Pune-headquartered lender recorded a 26 per cent increase in gross advances at Rs 1,35,240 crore at the end of March 2022

Mastercard's 'smile to pay' raises concerns around face recognition systems

The company argues touch-less technology will help speed up transaction times, shorten lines in shops, heighten security and improve hygiene in businesses

Bank of Maharashtra eyes 25-30% jump in net profit in FY23 with NII growth

In the fiscal ended March 31, 2022, the Pune-based lender reported an over two-fold jump in its profit after tax (PAT) at Rs 1,152 crore, as against Rs 550 crore for the year ended March 2021

Dhanlaxmi Bank's Q4 net profit jumps over four-fold to Rs 23 crore

Private sector lender Dhanlaxmi Bank on Thursday reported over four-fold jump in its net profit at Rs 23.42 crore in quarter ended March 2022, on fall in bad loan ratio as well as interest income

Top headlines: Byju's may go public; strike cripples banking services

Business Standard brings you the top stories on Thursday

Please change the definition of 'fraud', bankers to urge RBI: Report

All the high-street bank CEOs decided to make a representation to RBI at a meeting to discuss issues faced by the lenders

Union Bank of India reports 8% rise in fourth-quarter profit at Rs 1,440 cr

The lender had logged a net profit of Rs 1,330 crore in the same quarter of previous fiscal year

Bandhan Bank Q4FY22 income up 43% to Rs 3,504.2 cr; profit at Rs 1,902.3 cr

Net NPAs or bad loans reduced significantly to 1.66 per cent, from 3.51 per cent

PNB to bring down NPAs, ensure high loan recoveries: Atul Kumar Goel

The lender declared its January-March earnings Wednesday, and posted a drop in its gross NPAs to 11.78 per cent from 14.12 per cent reported a year ago

SBI hikes bulk deposits rates by 40-90 bps, with immediate effect

All deposits more than 3 years to earn 4.5% rate of interest;m Bajaj Finance increases FD rates by 10 bps

CSB Bank hopes to double its credit growth annually for next three years

CSB bank expects the share of gold loans to come down significantly in future despite a buoyant gold portfolio. This is mainly owing to growth in the SME and retail segment

Rate hike: HDFC Bank raises MCLR by 25 basis points across all tenures

According to the private lender's website, the overnight MCLR stands at 7.15 per cent compared to 6.9 per cent earlier.

Central Bank of India to close 600 branches by March 2023, says report

The bank is looking to reduce the number of branches by 600 by either shutting down or merging loss-making branches by the end of March 2023

Bank credit growth to hit 4-year high of 11-12% in FY23: CRISIL

Corporate segment credit pace to double at 8-9%

ICICI Bank launches India's 'open-for-all' digital ecosystem for MSMEs

Anyone can avail of the benefits of digital solutions by downloading the new version of the InstaBIZ app.

Fintech platfrom FidyPay partners Yes Bank to push financial inclusion

As part of the alliance, FidyPay will be enabling a seamless connected banking experience to Yes Bank's customers, it said in a release

AU Small Finance Bank looking at 30% asset growth for five years

AU Small Finance Bank plans to raise fresh equity capital in the current financial year depending on market conditions.

RBI may be more open to granting credit card licences to NBFCs: Macquarie

RBI also made it clear that NBFCs will have to take prior approval from the RBI for issuing credit cards to their customers.

Markets open, banks shut: Investors suffered after RBI holiday on Feb 7

Markets remaining open during bank holidays isn't uncommon. However, such days are known well in advance.

CARE upgrades rating for YES Bank's tier-II, infra bonds to "BBB+"

The CARE ratings continue to factor in the improvement in the credit profile of the bank post the implementation of the reconstruction scheme for the private sector lender.