The bank’s gross non-performing assets during the quarter were 2.24 per cent, down from 3.56 per cent in the year-ago period. Net interest income rose to Rs 4,697 crore, up 19 per cent from Rs ...

Market circles said declining crude oil prices also contributed to the rally in bond prices. Brent crude is now trading at around $113 per barrel, down from over $120 per barrel nearly a month ago. ...

Brokerages remain hawkish on the interest rate trajectory with analysts forecasting the Reserve Bank of India (RBI) will front-load hikes — inspite of the expected moderation in prices following...

State Bank of India (SBI) has hiked its interest rates on bulk deposits — Rs 2 crore and above — by 49-90 basis points, reflecting the upward movement of interest rates in the country afte...

Bank of Baroda (BoB) on Thursday became the first lender to raise the interest rates on home and auto loans following the Reserve Bank of India’s surprise decision to jack up the policy repo rat...

Kotak Mahindra Bank on Wednesday reported a 65 per cent jump in its standalone profit after tax (PAT) at Rs 2,767 crore in the quarter ended March, helped by higher growth in net interest income and h...

With a higher share of their loans linked to an external benchmark, private sector banks are expected to benefit more than PSU banks once the Reserve Bank of India (RBI) starts raising the policy repo...

Private sector lenders HDFC Bank, Kotak Mahindra Bank and Axis Bank have acquired a 7.84 per cent stake each in ONDC, an open public digital infrastructure framework entity. All the three banks have ...

Ashneer Grover, the controversial co-founder and managing director of BharatPe, has resigned from the fintech platform after its board decided to convene a meeting to discuss actions against him on th...

Axis Bank is reportedly on the verge of buying Citigroup Inc’s retail banking business in India in a transaction that could be valued at $2.5 billion. A Bloomberg report said that an agreement ...