Page 3 - Banking News

Dhanlaxmi Bank's Q4 net profit jumps over four-fold to Rs 23 crore

Private sector lender Dhanlaxmi Bank on Thursday reported over four-fold jump in its net profit at Rs 23.42 crore in quarter ended March 2022, on fall in bad loan ratio as well as interest income

RBI seeks option of interoperable card-less cash withdrawal at ATMs

NPCI has been advised to facilitate Unified Payments Interface integration with all banks and ATM networks, says RBI

Punjab & Sind Bank Q4 net profit more than doubles to Rs 346 crore

Punjab & Sind Bank on Thursday reported an over two-fold jump in net profit at Rs 346 crore for the quarter ended March 2022, helped by a decline in bad loans.

UCO Bank appoints Sujoy Dutta as CFO; JK Bank gets govt nominee director

UCO Bank on Wednesday said it has designated Sujoy Dutta as the new chief financial officer with immediate effect.

Tamilnad Mercantile Bank's Q4 net rises 36%, total income increases 9%

Tamilnad Mercantile Bank's Q4 result: The total interest earned increased 6.23 per cent to Rs 3,833.86 crore for FY22 as compared to Rs 3,609.05 crore for the previous year

Indian banks to benefit from strong domestic economic growth: Moody's

Ukraine conflict will not derail the country's recovery

Axis Bank hikes MCLR by 35 bps across tenors with effect from May 18

Recently, country's largest lender, State Bank of India (SBI), also increased its MCLR by 10 bps. SBI has hiked its MCLR by 20 bps in two months

Merrill Lynch Fund sells 386,000 HDFC Bank shares for Rs 51 cr

Merrill Lynch India Equities Fund Mauritius Ltd on Tuesday offloaded 3.86 lakh shares at avg price of 1,306 per of private lender HDFC Bank for around rs 51 crore through open market transaction

RBI says 6 of 11 applicants found not suitable for bank permits: Full list

RBI announces decision on six of eleven pending applications for universal bank licence / small finance bank licence

State-run banks post 81% rise in Q4 profit; NII up 18.5% to Rs 70,825 cr

Enhance capital adequacy and provisions for bad loans

Please change the definition of 'fraud', bankers to urge RBI: Report

All the high-street bank CEOs decided to make a representation to RBI at a meeting to discuss issues faced by the lenders

SBI hikes MCLR by 10 bps across tenures in second such move in two months

New rates effective May 15, overnight one-month and three-month MCLR now at 6.85% vs 6.75% earlier

RBI restricts withdrawals from Maharashtra's Shankarrao cooperative bank

The RBI, in a statement, said the restrictions will remain in force for a period of six months from the close of business on May 13, 2022 and are subject to review

PNB to bring down NPAs, ensure high loan recoveries: Atul Kumar Goel

The lender declared its January-March earnings Wednesday, and posted a drop in its gross NPAs to 11.78 per cent from 14.12 per cent reported a year ago

Lines of credit extended to Sri Lanka may go through rough patch: Exim Bank

Export Import Bank of India (Exim Bank), however, said there is no overdue payment from the Sri Lankan government as of now

Exim Bank planning to enter factoring biz this fiscal: CEO Harsha Bangari

The factoring business will focus on export financing and will target the entire MSME players

Canara Bank to invest Rs 1,000 cr for building digital banking backbone

Canara Bank is planning to come up with its super-app next month which is yet to be named.

PNB Q4 results: Standalone net profit declines 66% to Rs 201 crore

Lender sets aside Rs 325 crore to provide for fraud

Canara Bank to invest Rs 1,000 crore to build digital banking backbone

The bank will unveil its super app next month

Quoting PAN or Aadhaar must for deposit or withdrawal of Rs 20 lakh or more

CBDT said furnishing the PAN or Aadhaar will be mandatory for such high-value deposits or withdrawals from banks, or opening of a current account or cash credit account with a bank or post office