Dinesh Kumar Khara, Chairman, SBI, says the bank has to balance the interests of multiple stakeholders and the shareholders are very important stakeholders. The bank has to create value for them and that is the reason SBI always wants to grow but not at the cost of profitability. Khara says his ambition was to see … Read more
Rajeev Mantri, CFO, Bandhan Bank, says the overall targeted strategy is the bank has to continue doing the good work that it has done in the past, but making sure that the deposit drive continues and with a liability-first approach, which means that the advances will need to continue, but the bank needs to continue … Read more
HDB Financial services, the non-banking financing arm of HDFC Bank, is awaiting the signal from its parent to begin the listing process. The lender also has plans to open nearly 200 branches in the current fiscal year as it aims to grow its loan book. “We are ready; it’s just that when we will be … Read more
Showcasing a sharp earnings turnaround on asset quality improvements, robust margins and strong loan book growth in a multi-year credit upcycle, the combined net profit of all 12 PSU banks has zoomed nearly 4.5 times in just 3 years to record high levels of Rs 141,203 crore in FY24. On a year-on-year basis, the profit … Read more
