SBI Taps Tech To Boost Profits
India’s biggest lender banks on technology to grow in the face of onslaught by fintech players and private banks.
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July 2024
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November 2020
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July 2019
Banks may get ₹1.6 lakh cr deposits after ₹2000 note withdrawal: RBL Bank
RBL Bank does not see any significant risks to inflation with the withdrawal of ₹2000 notes.
Indian banks less prone to U.S. crisis: FinMin
Investments in held-to-maturity securities by the Indian banks are limited to 23% of deposits, according to the monthly economic review for March.
Is RBI in better shape among global Central bankers in insuring bank deposits?
U.S. and Swiss deposit insurance fund cover 1.27% and 1.6% respectively of insured bank deposits while it is 1.8% in India.
Bank credit growth slows to 16.8% in Dec quarter: RBI
Growth in credit was led by bank branches in metropolitan centres, says RBI.
LVB crisis: Same story, different characters
The 30-day moratorium on Lakshmi Vilas Bank is similar to YES Bank, protecting depositors and employees, but retail shareholders would be worst hit if amalgamation with DBS Bank India goes through.
‘No need to worry about YES Bank deposits’
Prashant Kumar, the bank’s administrator, echoed the words of RBI governor Shaktikanta Das that there was no cause for worry about deposits as the moratorium on withdrawals is set to end on March 18.
Axis Bank’s 95% profit growth is lacklustre
The private lender’s profit fell 9% over the previous quarter. Its provisions grew by 40.7% and 14.3% on quarterly and annual basis, respectively.
YES Bank Q1 profit declines 91%
Worst quarterly performance in 20 quarters; net profit plunges to ₹113.8 crore from ₹1,260.36 crore a year ago due to higher provisioning.
