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Union Bank of India’s Q4 results: PAT surges 19% to Rs 3,310 Cr; NII increases by 14%; 36% dividend declared.
Union Bank of India's Q4 results:
The state-owned Union Bank of India (UBoI) reported strong financial performance for the fourth quarter ending March 31, 2024,...
Punjab & Sind Bank’s Q4 Results Show a 70% Profit Decrease to Rs 139 Crore
Punjab & Sind Bank result update
State-owned Punjab & Sind Bank reported a 70% decrease in net profit to Rs 139 crore for the fourth...
IDBI Bank receives an order demanding ₹2.97 crore for GST payment.
IDBI bank news update
Bank announced that it has received a GST demand order totaling ₹2.97 crore, which includes interest and penalties, for what is...
RBI’s proposal is diligently assessinated by the government for increased infrastructure provisioning, while bankers and NBFCs express apprehension alongside an eagerness to find constructive...
RBI's proposal is assessinated by the government:
The government is scrutinizing draft rules from the RBI, which propose higher provisioning for infrastructure projects. Meanwhile, lenders...
Citi suggests that the bond buyback indicates a shift in the RBI’s stance towards easing and could potentially transition to a neutral position.
Bond buyback by RBI
India's unanticipated decision to repurchase bonds suggests that the central bank is taking proactive steps to ease liquidity and could potentially...
Kotak Mahindra Bank’s Fourth Quarter Results Show a 17.6% Increase in Profit Driven by Higher Other Income.
Kotak Mahindra Bank's Fourth Quarter Results:
Kotak Mahindra Bank Ltd. witnessed a surge in profit during the fourth quarter, surpassing analysts' projections. According to an...
Federal Bank’s net profit for the fourth quarter remained unchanged at Rs 906 crore for the March quarter.
Federal Bank's March quarter results:
Federal Bank reported a consistent net profit of Rs 906 crore in the March 2024 quarter, remaining unchanged from the...
97.76% of the ₹2000 denomination Banknotes in circulation has since been returned:RBI
₹2000 denomination Banknotes
Reserve Bank of India announced on 2 May 2024 that 97.76% of the ₹2000 banknotes in circulation as of May 19, 2023,...
ICICI Bank refutes claims of CEO and MD Sandeep Bakhshi intending to resign, labeling the report as ‘baseless’.
ICICI Bank news update
ICICI Bank dismissed The Morning Context report as 'baseless' and 'purely fictitious', which alleged that Sandeep Bakhshi sought to step down...
KVS Manian carries with him optimism as he is anticipated to embark on a new chapter at Federal Bank following his departure from Kotak...
KVS Manian transition to Federal Bank
Earlier today, KVS Manian resigned as the Joint MD of Kotak Mahindra Bank and reportedly may join Federal Bank....
Credit extended by banks to the industrial sector increased by 8.5% in March, while there was a slowdown in personal loans, as per the...
Credit extended by banks to the industrial sector
According to data released by the Reserve Bank on Tuesday, bank credit to the industrial sector saw...
Five Co-operative Bank imposed monetary penalty by Reserve Bank of India
RBI imposes monetary penalty on 5 Co-operative Bank
Indira Mahila Sahakari Bank Limited, Malegaon, Maharashtra imposed penalty for non-compliance with certain provisions of RBI Directions...
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Cabinet approves equity support to Small Industries Development Bank of India
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