banking industry
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in BusinessStrong efficiency of Indian banks to proceed: S&P
S&P Global Ratings on Thursday stated Indian banking sector profitability will stabilise at a wholesome degree, and asset high quality will proceed to enhance. “Indian banks’ earnings will doubtless stay wholesome. The sector has improved considerably prior to now seven years, from a interval when many public-sector lenders have been grappling with unhealthy loans,” S&P […] More
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in BusinessDouble-digit rise in prime banks’ loans
Large banks, together with State Bank of India (SBI), HDFC Bank, ICICI Bank, Bank of Baroda, and Punjab National Bank (PNB), have posted 13-19% year-on-year (y-o-y) rise of their advances throughout Q4FY23, boosting their internet curiosity revenue (NII) and bottom-line progress, information compiled by FE confirmed. While SBI’s advances rose 16% y-o-y to Rs 32.69 […] More
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in BusinessFederal Bank eyes as much as $486 million fundraising
Federal Bank Ltd plans to lift as a lot as 40 billion rupees ($486 million) within the subsequent few months to help its growth. The fundraising could possibly be through debt or fairness, or a mix of the 2, with the ultimate construction nonetheless into account, the financial institution’s Chief Executive Officer Shyam Srinivasan stated […] More
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in BusinessBanks ought to have stronger overview on NBFC debtors’ lending practices: SBI MD
Banks should be given “stronger overview” on the lending practices adopted by non-bank lenders who borrow from them, a senior official from SBI has mentioned. Non-bank finance firms and microfinance establishments ought to comply with the identical danger underwriting and credit score monitoring ideas as adopted by the bigger banks from whom they borrow cash, […] More
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in BusinessUjjivan SFB’s internet revenue jumps 145% on sturdy mortgage development
Ujjivan Small Finance Bank’s internet revenue rose 145% year-on-year (YoY) in January-March on the again of sturdy development in its mortgage ebook. The small financier posted a bottomline of Rs 310 crore within the quarter below evaluate, up 6% on a sequential foundation. The lender’s mortgage ebook grew 33% YoY to Rs 24,085 crore as […] More
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