Canara Bank on Wednesday posted 18% growth in its standalone net profit at Rs 3,757 crore for the quarter ended March 2024. The same stood at Rs 3,174 crore in the last year period. Net interest income (NII) for the reporting quarter increased 11% year-on-year (YoY) to Rs 9,580 crore. The company’s Board has also … Read more
Mumbai: Tinkering with the interest rate alone may not help with the repayment ability of home loan borrowers, according to a research paper supported by the Reserve Bank of India. Prudential measures like risk weights and loan-to-value adjustments, along with interest rates, will be more effective in repayments of loans. This will also help in … Read more
Mumbai: Bandhan Bank fell more than 6% Monday after founder and chief executive, Chandra Shekhar Ghosh, announced a voluntary exit despite a board nod to continue in the top job. Brokerages Jefferies and Nomura have slashed their target prices for the stock of the Kolkata-based lender that emerged as a full-service bank after decades of … Read more
PN Vasudevan, MD & CEO, Equitas Small Finance Bank, says “NPA has moved up from 2.21% to 2.39% in the third quarter. By and large, NPA is fairly under control and the third quarter typically for us is a seasonally weak quarter from collections because in most of South India, we get the heaviest rains … Read more
Baldev Prakash, MD & CEO, J&K Bank, says “retail growth is coming from our home territory, that is Jammu and Kashmir and Ladakh. And in retail also, the home loan segment is picking up. We are clocking a growth of over 20% in home loans and corporate growth is coming from the rest of the … Read more
