The gross non-performing asset (NPA) ratio for scheduled commercial banks (SCBs) have improved significantly with a reduction to 2.67 per cent in June 2024 from 11.18 per cent in March 2018, according to the government.
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.
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?
Order issued by two-member bench hearing an application moved by some lenders
India’s micro units, in particular, have a critical role to play in keeping the country going, employing millions and literally providing the backbone to what is the world’s sixth-largest economy (nominal GDP).
The Bharatiya Janata Party (BJP) on Tuesday slammed the Congress a day after former Reserve Bank of India Governor Raghuram Rajan said that bad loans rose during the United Progressive Alliance (UPA) years.
Bank says it will use the services of detectives to locate the borrowers, including their legal heirs, in or outside India
