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banks
Public sector banks' total profit crosses Rs 1.4 lakh crore in FY24
In percentage terms, Delhi-based Punjab National Bank had the highest net profit growth with 228 per cent to Rs 8,245 crore, followed by Union Bank of India with a 62 per cent rise to Rs 13,649 crore and Central Bank of India with a 61 per cent increase to Rs 2,549 crore.
14 May 2024, 09:09 IST
Public sector banks' total profit crosses Rs 1.4 lakh crore in FY24
14 May 2024, 09:09 IST
Punjab National Bank's Q4 profit jumps nearly three-fold to Rs 3,010 cr
The total income increased to Rs 32,361 crore during the quarter under review, as against Rs 27,269 crore in the same period last year, PNB said in a regulatory filing.
09 May 2024, 10:18 IST
Punjab National Bank's Q4 profit jumps nearly three-fold to Rs 3,010 cr
09 May 2024, 10:18 IST
Banks illegally shorted $156 million of stocks: South Korea probe
Activities of global banks and hedge funds have come under increased scrutiny in recent months in South Korea,
06 May 2024, 11:13 IST
Banks illegally shorted $156 million of stocks: South Korea probe
06 May 2024, 11:13 IST
India needs more banks, and RBI must wake up
While it is prudent for the banking regulator to be highly careful while awarding bank licences, the process of awarding and rejecting applications is not very transparent.
24 April 2024, 05:28 IST
India needs more banks, and RBI must wake up
24 April 2024, 05:28 IST
Fincare merges with AU Small Finance Bank
In an all-stock merger deal first announced on October 29, 2023, where the shareholders of Fincare SFB received 579 equity shares in AU SFB for every 2,000 equity shares held in Fincare SFB, the merger received final approval from RBI on March 4, 2024, with the effective date of April 1, 2024.
01 April 2024, 16:00 IST
Fincare merges with AU Small Finance Bank
01 April 2024, 16:00 IST
RBI branches, agency banks to remain open on March 30, 31
Electronic transactions can be done till the stipulated time on both the days.
23 March 2024, 00:29 IST
RBI branches, agency banks to remain open on March 30, 31
23 March 2024, 00:29 IST
Banks should pass reasoned orders while declaring entity/person wilful defaulter: Bombay HC
in its order on March 4, the bench noted that wilful defaulters are ostracized from access to the financial sector and hence, the discretion given to banks under the circular should be exercised with caution as mandated by the RBI.
21 March 2024, 09:14 IST
Banks should pass reasoned orders while declaring entity/person wilful defaulter: Bombay HC
21 March 2024, 09:14 IST
Bank to e-auction sugar mill controlled by BJP leader Pankaja Munde to recover dues
As per a notice published by the bank in local newspapers on Tuesday, the e-auction of the Vaidyanath Cooperative Sugar Factory would be held on January 25.
10 January 2024, 11:57 IST
Bank to e-auction sugar mill controlled by BJP leader Pankaja Munde to recover dues
10 January 2024, 11:57 IST
Banks not fully spending IT budgets: RBI Deputy Governor
High policy rates have led to rise in net interest margins of banks that have also boosted their profitability.
28 December 2023, 20:56 IST
Banks not fully spending IT budgets: RBI Deputy Governor
28 December 2023, 20:56 IST
RBI's repo sees strong demand, traders eye more cash infusion in 4Q
India's banking system liquidity deficit widened to the highest level in nearly eight years this week.
27 December 2023, 12:39 IST
RBI's repo sees strong demand, traders eye more cash infusion in 4Q
27 December 2023, 12:39 IST
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