The relief includes a 12-month moratorium on equated monthly instalments (EMIs), interest payments, and other obligations. The deadline to apply for the moratorium ends on August 31, 2023.
ICICI Bank reported a 40 per cent rise in standalone net profit to Rs 9,648 crore for the June 2023 quarter, helped by a decline in bad loans and an improvement in interest income
RBI has decided to widen the scope of the framework for resolution of stressed assets, under which all the regulated entities including cooperative lenders will now be able to execute "compromise settlements and technical...
Net write-off loans by private sector banks stood at Rs 73,803 crore (RBI provisional data) in FY 2022-23
Addressing a Rozgar Mela after giving appointment letters to over 70,000 recruits virtually, Modi noted that a large number of them have been employed in the banking sector as he highlighted how it was "destroyed" under the...
Amid much uncertainty and churn in the global economies, a good story today could turn irrelevant in a few years from now, says Ambareesh Baliga, market analyst. But he sees an opportunity in a few sectors based on the...
An allocation of Rs 163 crore will be made for the purpose, Shinde said. The monthly wages of 2,741 contract workers will be increased by 20 percent.
CRISIL Ratings expects that the number of education loans with NBFCs will rise as more students prefer to go abroad.
The minister said that in 2014, only 2.35 crore women were part of self-help groups and the number has increased to more than nine crore now
The state-owned bank had earned a net profit of Rs 2,197 crore in the year-ago period
The state-owned bank had earned a net profit of Rs 1,127 crore in the year-ago period
The bank's net profit stood at Rs 75 crore in the same quarter of the preceding financial year
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
The pure-play credit card company, promoted by SBI, had posted a net profit of Rs 386 crore during the corresponding period of the previous financial year
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
The management, controlled by the national insurer LIC, has guided towards better overall numbers in the March quarter, pencilling in an under-10 per cent...
Its net profit on standalone basis stood at Rs 3,614 crore in the same quarter of the preceding financial year
IDBI Bank, for which the government and the LIC have invited bids to sell a majority stake, had a net profit of Rs 578 crore in the October-December quarter of...
Total income increased to Rs 14,159.60 crore in the latest December quarter from Rs 11,211.14 crore in the year-ago period, BoI said in a regulatory filing
The bank had posted a net profit of Rs 522 crore in the same quarter a year ago
The bank's total income increased to Rs 4,770 crore in the latest December quarter from Rs 3,893 crore in the year-ago period, BoM said in a regulatory filing
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...
The agency expects asset quality to improve to a decadal best of 4 per cent from a gross non-performing assets (NPAs) perspective by the end of FY24
Retail inflation has moderated to an 11-month low of 5.8 per cent in November from 6.77 per cent in the previous month
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...
