While the Indian financial sector shows resilience, international market conditions may have some influence on India. Any correction in the US stock market could have implications for global markets, it warned.
ICICI Bank reported a 14.8% year–on–year (Y-o-Y) increase in net profit to Rs 11,792 crore in the quarter-ended December (Q3FY25), due to steady growth in net interest income (NII) and a robust increase in non-interest income, according to an official release.
Rating agency Fitch has said that the gross non-performing assets (NPAs) of Indian banks may decline by 40 basis points to 2.4% by March 2025. It may further drop by 20 basis points in the next financial year, it added.
In his address, J S Sawhney, Zonal Head/General Manager, highlighted various schemes introduced by the Union Government and the Bank in the interest of customers.
Hailing the government’s landmark decision to waive bank guarantees for telecom spectrum acquired before 2022
The growth of bank deposits across the market have slowed down to 10 per cent year-on-year (YoY) as per the Reserve Bank of India's (RBI) data, said Kotak Securities Ltd in a report.
The Commission has taken suo-moto cognizance on media reports of framing of new guidelines by the Indian Bank for recruitment of staff. As per the media reports, a recent circular issued by the bank prevents women who are more than three-month pregnant from joining service, despite having been selected through due process.
Odisha Agriculture Minister Dr Arun Kumar Sahoo put up an advertisement in the newspaper on Tuesday morning stating, "the Odisha government will be releasing Rs 804 crores in the bank accounts of 40 lakh farmers in the state."
Abdullah appeared before the investigators around 11 am at ED's headquarters. The Jammu and Kashmir National Conference (JKNC) leader was earlier summoned by the ED and was asked to visit its office on Thursday here.
In a major development, Housing loan firm Housing Development Finance Corporation on Monday approved the merger of its wholly owned subsidiaries HDFC Investments and HDFC Holdings with HDFC Bank.
