Mumbai (Maharashtra) [India], June 20 (ANI): Private lender HDFC Bank on Saturday reported a net profit of Rs 5,568 crore for the quarter ended June 30, marking an increase of 21 per cent in the year-on period.
Mumbai (Maharashtra) [India], July 12 (ANI): IndusInd Bank on Friday reported net profit of Rs 1,433 crore for the quarter ended June 2019, up 38 per cent compared to Rs 1,036 crore in the corresponding period of last year.
New Delhi [India], July 5 (ANI): The government has recovered non-performing assets (NPAs) worth Rs 4 lakh crore over the past four years, Finance Minister Nirmala Sitharaman said on Friday.
New Delhi [India], July 4 (ANI): The performance of banking system improved as non-performing asset (NPA) ratios declined and credit growth accelerated, says the Economic Survey 2018-19 report which Finance and Corporate Affairs Minister Nirmala Sitharaman tabled in Parliament on Thursday.
Srinagar (Jammu and Kashmir) [India], May 16 (ANI): J&K Bank has reported 129 per cent growth in net profit for financial year 2018-19 at Rs 465 crore as compared to Rs 202 crore in the previous fiscal.
Mumbai (Maharashtra) [India], May 11 (ANI): Government-owned Syndicate Bank suffered a net loss of Rs 2,587 crore during 2018-19 on account of bad loans compared to a net loss of Rs 3,223 crore in the previous fiscal year.
Mumbai (Maharashtra) [India], May 10 (ANI): State Bank of India (SBI) on Friday reported standalone net profit at Rs 838 crore for the March quarter of the financial year 2018-19.
New Delhi [India], May 2 (ANI): Delhi's National Company Law Appellate Tribunal (NCLAT) on Thursday allowed the banker to declare loan and Infrastructure Leasing and Financial Services (IL&FS) as a non-performing asset that has defaulted on the payments.
New Delhi (India) Apr 26 (ANI): It is astounding that there is Rs 10 lakh crore non-performing assets (NPAs) of banks, but the Central government does not want to disclose details about defaulters, said noted lawyer Prashant Bhushan here on Friday.
Mumbai (Maharashtra) [India], Apr 25 (ANI): Private lender Axis Bank on Thursday reported a net profit of Rs 1,505 crore during January to March of 2019 due to improved asset quality compared to a loss of R 2,189 crore in the corresponding period of last year.
New Delhi [India] Apr 18 (ANI): A petition has been filed in the Supreme Court seeking to stop political quarters from offering loan waivers and other monetary schemes in their election manifestos, citing that these plans involve public money and can also adversely affect the economy.
New Delhi [India], Feb 28 (ANI): The Insolvency and Bankruptcy Code (IBC) has brought back close to Rs 3 lakh crore back into the banking system, Finance Minister Arun Jaitley said on Thursday.