AU Small Finance Bank Q1 Net Growth Up 32% YoY to Rs 268 Crore, Down 23% QoQ
AU Small Finance Bank‘s net profit for the June quarter (Q1FY23) rose 32% year-on-year to Rs 268 crore on higher net interest income. The Jaipur-based...
Category : BANKING
Canara Bank Raises Rs 2,000 Crore by Issuing Basel III Compliant Bonds
On Tuesday, Canara Bank said it raised Rs 2,000 crore this month by issuing additional tier 1 bonds in line with Basel III. The bank...
Bank of Maharashtra’s Net Profit Up 117.24% to Rs 451.9 Crore in Q1
Bank of Maharashtra’s net profit rose 117.24% year-on-year to Rs 451.9 crore in the quarter ended June (Q1FY23) on the back of an improvement in...
IndusInd Bank’s Board Approves Fundraise of Up to Rs 20,000 Crore
On Monday, IndusInd Bank of India said its board had approved a private placement of bonds to raise Rs 20,000 crore. The private-sector bank said...
Yes Bank Increased Penalty Rates for Premature Withdrawal of Fixed Deposits
Private sector lender Yes Bank has increased penalties for premature withdrawal of fixed deposits. According to the bank’s website, the new fines will take effect...
Yes Bank Picks JC Flowers to Acquire $6 Billion Bad Loans
The board of Yes Bank Ltd has selected JC Flowers Asset Reconstruction Co as a joint venture partner to purchase a non-performing loan of 48,000...
Over 1.18 Crore Payment Devices Deployed Nationwide till April: RBI Data
As of April 30, 2022, more than 4.11 lakh PoS, mobile PoS and other physical devices have been deployed across the country under the Payments...
RBI Allows IDFC to Exist as Promoter of IDFC First Bank
On Thursday, IDFC Bank shares soared 19 per cent to their 52-week high of Rs 62.60 on the BSE in intra-day trade after the company...