Bankslogged 12.2% growth in FY23
Indian banks grew at 12.2% last fiscal year driven by loans to retail consumers and services sectors, but the banks’
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Banking News
Govt says 10 PSBs transferred NPAs of over Rs. 11,617 crore to NARCL from Jan-Nov 2023
A total of 10 Public Sector Banks (PSBs) have transferred Non-Performing Assets (NPAs) of over Rs 11,617 crore to NARCL
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Unclaimed deposits with banks rise by 28%
There has been a 28 per cent annual increase in unclaimed deposits with the banks to Rs 42,270 crore as
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Bank deposits, advances soar by over Rs. 2 lakh crore each
Deposits and advances of all scheduled banks soared by over Rs. 2lakh crore each in the reporting fortnight ended December
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Unions and banks agree to a 17% pay hike.
A 17% pay increase for all public sector banks, or Rs 12,449 crore, has been agreed to by the Indian
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Rs. 15K Cr awarded to PSBs for ED action: Sitharaman
Public sector banks have received payment of more than Rs 15,000 crore that the Enforcement Directorate (ED) seized from defaulters,
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In five years, banks write down Rs. 10.57 trillion and recover Rs. 7.17 trillion in non-performing assets.
According to information provided by the government to Parliament, banks have written down Rs 10.57 lakh crore over the last
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As bad loans decrease, CSB Bank’s profit increases by 10% to Rs. 133 crore.
Kerala-based CSB Bank, reported a 10.4% increase in net profit to Rs 133.17 crore in the second quarter of the
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Profit at the Central Bank of India soars to Rs. 605 crore, up 90%.
Due to strong core income growth and a decline in bad loans, the Central Bank of India reported a 90%
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HDFC Bank’s net profit increases by 51%.
HDFC Bank’s standalone net profit increased by 50.6% to Rs 15,976 crore in the quarter that ended in September. This
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