RBI proposes stringent rules for funding under-construction projects: What will be the impact?

Image Source : FILE PHOTO Reserve Bank of India (RBI) building. The Reserve Bank of India…

IDBI Bank Registers 44% Jump In Net Profit For Jan-March Quarter

IDBI Bank’s provisions on bad debts written off came down sharply to Rs 1,049 crore from…

FinMin Sets Up Panel To Suggest Changes To SARFAESI, DRT Acts To Speed Up Debt Recovery Process

To speed up the debt recovery process, the Finance Ministry has set up a panel to…

SBI Net Profit Declines 35 Pc To Rs 9,164 Crore In Q3

New Delhi: The country’s largest lender SBI on Saturday reported a 35 percent fall in standalone…

Banks See Bad Assets Improve To Multi-Year Low Of 0.8% In September: RBI

The Reserve Bank of India on Thursday said that the net non-performing assets ratio of banks…

Union Bank Q4: Net Profit Rises 93.3 Per Cent To Rs 2,782 Crore

Public sector lender Union Bank of India reported a 93.27 per cent rise in standalone net…

Gross NPA Ratio Declined From Peak 14.6% In March 2018 To 5.53% In December 2022: Govt In LS

Asset quality of Public Sector Banks (PSBs) has improved significantly with the Gross NPA ratio declining…

HDFC Bank Q3 Results: Lenders Profit Rises 19.9 Per Cent To Rs 12,698 Crore

HDFC Bank reported a 19.9 percent year-on-year increase in its consolidated net profit for the quarter…

Turnaround Of PSBs: A Story From Doom To Bloom; Journey Towards Rs 1 Lakh Crore Profit

Public sector banks have travelled a long distance since 2017 when they posted a net loss…

Frontloaded Monetary Policy Actions To Bring Inflation Further Under Control: RBI Report

India’s retail inflation has moderated after remaining above the upper tolerance level since January, and frontloaded…