State Bank of India (SBI) on Saturday reported a standalone net profit of Rs 17,035 crore for the April-June quarter of 2024-25 which was a mere 0.9 per cent increase over the corresponding figure of Rs 16,884.3 crore for the same quarter of the previous year.
Axis Bank on Wednesday reported a net profit of Rs 7,130 crore for the January-March quarter of 2023-24 compared to a loss of Rs 5,762 crore in the same quarter last year after it acquired Citi Bank's consumer business in India.
All the participating public sector banks (PSBs) cited a reduction while 67 per cent of the private sector banks also reported a decrease.
Kotak Mahindra Bank on Saturday said it closed the second quarter of FY24 with higher net profit of Rs 3,190.97 crore.
Expanding the scope of resolving the issue of non-performing assets (NPA) to other regulated entities, extending the time for Urban Cooperative Banks (UCB) to achieve the target for priority sector lending, internationalisation of Rupay cards are some of the major decisions of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC).
DHFL's BSE filing on September 12, reported default of Rs 196.65 crore towards Rs 350-crore worth of NCDs issued by it.
Those charged by SFIO include former IL&FS Vice Chairman Hari Sankaran and former IFIN MD Ramesh Bawa, both of whom are under arrest.
PNB slipped back into losses during the quarter in consideration after coming back into the black in the previous quarter ending December.
The Kochhars were questioned on many occasions last month in Mumbai. This is their first appearance before the ED in the national capital.
Many cooperative banks, especially in Gujarat, are not disclosing the list of defaulters. The government is favouring its crony capitalist friends. Why is the government not directing the RBI to disclose the information?
