The quarter saw SBI posting an MTM loss of Rs 6,549 crore. It led to a sharp drop in other income at Rs 2,312.20 crore against Rs 11,802.74 crore a year ago. As a result, operating profit dipped to Rs...

In value terms, gross NPAs fell to Rs 9,739.65 crore from Rs 11,321.76 crore. Net NPAs too declined to 2.4 per cent in the quarter under review from 3.85 per cent a year ago. The bank’s provis...

The net NPA ratio also declined to 0.70 per cent from 0.76 per cent during the same period. In absolute terms, its NPAs were at Rs 33,163.15 crore against Rs 33,919.52 crore in the previous three mont...

The finance ministry on Monday held a meeting with heads of public sector banks (PSBs) to review their annual performance and progress made by them on various government schemes. The meeting was ...

State Bank of India (SBI) on Friday reported a 41.30 per cent increase in standalone net profit for the quarter ended March 31, 2022 on lower provisions, but it missed analyst estimates sending the sc...

Retail loans grew 21 per cent from a year ago to Rs 3.99 lakh crore, accounting for 57 per cent of its net advances. The share of secured retail loans was around 80 per cent, with home loans comprisin...

ICICI Bank on Saturday beat Street estimates when it posted a 59 per cent growth in net profits for the quarter ended March 31.  Standalone net profit of the private sector lender rose to Rs 7,0...

In a huge relief to Future Retail Limited (FRL) and its subsidiary Future Coupons Limited (FCL), the Supreme Court on Tuesday set aside a Delhi high court order for the implementation of an internatio...

During the period, net advances at Rs 176,241 crore showed a rise of 2 per cent over the July-September period while total deposits at Rs 184,288 crore showed a rise of 4.3 per cent over the same peri...

The bad loan headache is not going away anytime soon for banks. Stress tests of the Reserve Bank of India (RBI) show the ratio of gross non-performing assets to total assets (gross NPA ratio) will ri...