India's banking sector is ready and fit to support the growth of India in the coming years highlights KV Kamath, Chairman, National Bank for Financing Infrastructure & Development in an exclusive conversation with ANI.
Asset quality pressures are subsiding at Indian banks, creating a favourable business environment and bolstering banks' potential and appetite for growth, said Fitch Ratings on Monday.
Thrissur (Kerala)/ Mumbai (Maharashtra) [India], May 3: South Indian Bank declared net profit of Rs 1,070.08 Cr. for the FY 23-24 registering a growth of 38.06% compared to Rs 775.09 Cr. in FY 22-23.
Three Indian lenders made it to the list of top 50 banks by assets in the Asia-Pacific region in 2023, up from two in 2022, according to a report by S&P Global Market Intelligence.
The ratings agency affirmed various credit ratings for these institutions, signaling confidence in their financial stability despite ongoing economic challenges.
According to Fitch, while net interest margins (NIMs) are anticipated to narrow by 10 to 20 basis points over the next two years from the current cyclical peak of 3.6 per cent in the nine months of the financial year ending March 2024 (9MFY24), the sector's earnings resilience will persist.
Profitability of Indian banks is likely to continue to improve, although net interest margin (NIM) compression will limit earnings upside over the medium term, according to Fitch Ratings.
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed.
Mumbai (Maharashtra) [India], March 15: Bank of Maharashtra former CEO AS Rajeev took charge as a vigilance commissioner at the Central Vigilance Commission on 11-March-2024. Rajeev is a career banker with over 38 years of experience in four banks - Syndicate Bank, Indian Bank, Vijaya Bank a
Mumbai (Maharashtra) [India], March 5: In the world of banking, where trust and security are paramount, the proverb "Fortune favours the one who is prepared" rings especially true. This sentiment finds its embodiment in the recent accolade bestowed upon BHARAT Co-operative Bank (Mumbai) Ltd.
Mumbai (Maharashtra) [India], February 27: PDA Ventures Pvt Ltd, organisers of IBEX India Trade Fair and Conference, has announced the winners of the inaugural edition of the IBEX India BFSI Technology Awards. These awards are entirely dedicated to the Indian banking and insurance sectors an