According to the Committee on Public Undertakings (COPU) submitted recently in Parliament, measures taken will go a long way in improving and strengthening the functioning of IIFCL
On the NSE, it declined 2.40 per cent to end at Rs 910.30 apiece
The consolidated net profit was Rs 232.63 crore in the quarter ended December 31, 2021, a BSE filing showed
The bank's net profit stood at Rs 75 crore in the same quarter of the preceding financial year
Retail book constitutes as much as 92 per cent of this asset, the company said in a statement
At the same time, interest income rose to Rs 4,627 crore as compared to Rs 3,919 crore in the same quarter a year ago
Total income increased to Rs 13,551 crore in the quarter from Rs 11,482 crore in the year-ago period, the bank said in a regulatory filing
Its net profit on standalone basis stood at Rs 3,614 crore in the same quarter of the preceding financial year
The Kolkata-based new generation bank had posted a net profit of Rs 858.97 crore in the year-ago period
In the 26th issue of the Financial Stability Report (FSR), the RBI also said the global economy is facing formidable headwinds with recessionary risks looming...
The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance...
In the first half of FY23, the cumulative net profit of all public sector banks (PSBs) increased by 32 per cent to Rs 40,991 crore
The lender had posted a net profit of Rs 2,088 crore in the corresponding quarter of the previous fiscal
The bank had reported a profit of Rs 218 crore in the year-ago period
Asset quality of the bank showed improvement with gross non-performing assets (NPAs) falling to 3.80 per cent of gross advances as of September 30, 2022, from...
The private sector lender had posted a net profit of Rs 2,032 crore in the same quarter of the previous fiscal year
The bank had posted a net profit of Rs 225.50 crore for the year-ago same period. In preceding June quarter 2022, the net profit stood at Rs 310.63 crore
Total income on standalone basis rose to Rs 24,180 crore in September quarter of 2022-23 as against Rs 20,134 crore in same period of 2021-22, Axis Bank said...
The resolution for corporate debtors is done under the Insolvency and Bankruptcy Code which provides for resolution through a market-driven process
Goel said stressed loan worth Rs 50,000 crore would be transferred to NARCL in the first phase and subsequently more stressed accounts would be shifted
Credit quality continues to be a key priority for fintechs, given that the industry-wide gross NPAs hover at 20 per cent now
As per Reserve Bank of India guidelines, Yes Bank said it proposes to run a transparent bidding process on Swiss Challenge basis for sale of such portfolio...
According to the Care Edge report, the gross non-performing assets (GNPA) ratio hit a six-year low of 5.9 per cent in FY22 but remained above the pre-asset...
Kumar said the NBFCs will have to maintain capital adequacy norms, introduce core banking solutions and make adequate disclosures by 2025