SBI Life Insurance Co Ltd on Monday reported over a two-fold jump in net profit at Rs 299.73 crore for the second quarter ended September of the current financial year. The life insurer had posted a ...

SBI Cards has recorded a sharp deterioration in asset quality as the Covid-19 pandemic hit the repayment capacity of some of its customers. The SBI subsidiary saw its gross non-performing assets (NPA...

HDFC Bank on Saturday beat Street estimates when it reported an 18.4 per cent growth in net profits for the September quarter. The country’s largest private sector bank posted a standalone net ...

SBI managing director Arijit Basu warned that banks should not solely focus on the retail segment as sluggish growth can impact this category of loans. “A complete shift to retail may not be in ...

The Supreme Court on Thursday said accounts which were not declared as non-performing assets (NPA) till August 31 this year shall not be declared NPA till further orders, offering a temporary relief t...

Former ICICI Bank chairman K.V. Kamath has proposed interest rates should be as low as 6 per cent enabling banks to banks grow by lending. Bank interest rates at present hover around 7 per cent levels...

The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity about a spike in bad loans by that time, sources said. ...

The surge in equity markets is not linked to economic recovery and may be a sign of irrational exuberance, economists at the SBI said on Monday, pitching for a second round of fiscal support to help t...

HDFC Bank on Saturday reported a 33 per cent rise in net profits for the December quarter of 2019, driven by other income and a fall in tax outgo. However, its asset quality witnessed a marginal deter...

The State Bank of India expects fresh corporate slippages to stabilise amid a slack in credit demand from the industry.The public sector lender saw its corporate credit growth rate come down to 2.78 p...