Indian govt mulling minority stake sale in four state-owned banks: Report
New Delhi: The Indian government is mulling offloading a minority stake in four state-owned banks to meet the public shareholding rules mandated by the country's markets regulator SEBI, a government source told Reuters.
RBI approves appointment of Pranav Chawda as CEO of JP Morgan Chase banking unit in India
Mumbai: The Reserve Bank of India (RBI) has approved the appointment of Pranav Chawda as the chief executive officer of JPMorgan Chase & Co.’s local banking unit for a three-year term, Bloomberg reported, citing a statement from the US lender on Wednesday.
UBS eyes Indian wealth management expansion with 360 One WAM joint venture: Report
Mumbai: UBS is in discussions to establish an Indian wealth management joint venture with Mumbai-based 360 One WAM, Reuters reported.
SBI plans to sell stake worth Rs 2.2 billion in Yes Bank by end of March 2025: Report
Mumbai: India’s largest lender the State Bank of India (SBI) plans to finalise a deal by the end of March to sell its 24 percent stake in Yes Bank, valued at Rs 18,420 crore (around $2.2 billion), Reuters reported.
UCO Bank Q1FY25: Net profit jumps 147.09% YoY to Rs 551 cr; NII grows 12% YoY to Rs 2,254 cr
Kolkata: UCO Bank Monday reported 147.09% y-o-y growth in net profit to Rs 551 crore in the first quarter of FY25, compared to Rs 223 crore in the same period last year.
Govt receives dividend of Rs 6,481 cr from 4 PSU banks
New Delhi: Four public sector banks, including Canara Bank and Indian Bank, on Wednesday presented dividend cheques worth Rs 6,481 crore to Finance Minister Nirmala Sitharaman for financial year 2023-24.
Continued slowdown in bank deposit growth in June qtr: Report
Mumbai: Concerns about a continued slowdown in bank deposit growth persist, with several top lenders experiencing a sequential decline in deposits in the June quarter of FY25, media reports said.
SBI raises Rs 10,000 cr via infra bonds
Mumbai: The State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds to finance projects in sectors such as power and roads.
Banks flag shortage of ATMs to govt, RBI: Report
New Delhi: Banks have reportedly informed the government and Reserve Bank of India (RBI) about shortage in supply of automated teller machines (ATMs), reported Economic Times.
New Delhi: The Enforcement Directorate (ED) has seized Rs 64,920 crore related to nearly 1,105 bank fraud cases to date, Finance Minister Nirmala Sitharaman reiterated on May 31 in a series of posts on the social media platform X.
RBI approves a dividend of Rs 2.11 lakh cr to Centre, an increase of 141% YoY
Mumbai: The Reserve Bank of India on Wednesday approved a dividend of Rs 2.11 lakh crore for the Central government for FY24, a significant increase of around 141 percent compared to FY23.
Mumbai: Private sector lender Bandhan Bank reported a steep decline of over 93 percent in its net profit, which fell to Rs 54.63 crore in the January-March quarter (Q4) of the financial year 2023-24, compared to Rs 808.29 crore in the same period of the previous fiscal year, 2022-23.
Bank of Baroda Q4FY24 net profit up 2.3% YoY to Rs 4,886.49 cr; NII up 2.3% to Rs 11,793 cr
Mumbai: State-run lender Bank of Baroda on Friday said its standalone net profit reached Rs 4,886.49 crore in Q4FY24, up 2.3% compared to Rs 4,775.33 crore in the year-ago period.
Punjab National Bank Q4FY24 PAT soars 160% YoY to Rs 3,010 cr; NII grows 9% YoY to Rs 10,363 cr
New Delhi: Public sector lender Punjab National Bank (PNB) Thursday reported an impressive growth in net profit at 159.8% YoY to Rs 3,010.27 crore in Q4FY24 compared to Rs 1,159 crore in the corresponding period last year.
SBI Q4FY24: PAT grows 24% YoY to Rs 20,698 cr; NII grows 19% to Rs 1.11 lakh cr
Mumbai: India’s largest lest lender State Bank of India (SBI) on Thursday reported net profit of Rs 20,698 crore, marking a 24 percent year-on-year increase for the fourth quarter of FY 24.