ICICI Bank's net interest margin dropped marginally by 2 basis points to 4.25 per cent in Q3 compared to 4.27 per cent in the previous quarter, margins to stay stable until rate cut cycle starts
The stock price of the private sector lender is trading at its lowest level since September 9, 2024 and has corrected 11% from its previous month high of Rs 1,350.20 touched on December 16.
Slippages to NPAs in credit card, microfinance segments increase
HDFC Bank, SBI, ICICI Bank share price target: Macquarie raises share target price of HDFC Bank, ICICI Bank, SBI, cut IndusInd Bank share price target
The downfall in the IndusInd Bank share price came after reports indicated that the New York-based brokerage Goldman Sachs downgraded the stock to 'Neutral'
CSB Bank share: CSB Bank's total deposits surged 22.17 per cent year-on-year (Y-o-Y) to Rs 33,406 crore in Q3FY25
The GNPA ratio for unsecured lending was marginally higher, at 1.7 per cent
Private sector Karur Vysya Bank has inaugurated four new branches in Tamil Nadu, under its plan to strengthen presence, taking the overall branch network to 862, the bank said on Sunday. The Tamil Nadu headquartered bank had inaugurated 24 new branches in the current financial year. The four new branches were inaugurated in Madurai, Tiruppur, Krishnagiri and Chennai, a press release said here. The new branches would cater to provide all basic banking transactions and also to specific needs of customers and would also offer the entire spectrum of banking and financial services. Karur Vysya Bank as on September 30, 2024 reported a total business of Rs 1,76,138 crore and a net profit of Rs 932 crore. The net non-performing asset of the bank as on September 30, 2024 stood at 0.28 per cent, the release added.
The fall in the IndusInd Bank share price came after Zurich, Switzerland-based brokerage UBS slashed its target price to Rs 1,150 per share, according to reports
According to CRIF data, delinquencies in the 91-180 DPD category increased to 7.6 per cent in October 2023, up from 6.5 per cent in June 2023
Substantial regulatory focus on customer in the coming days
Cybersecurity risks, customer centricity issues flagged
The central bank's communication to private banks' board secretariats has not listed the agenda for the meeting, but has only given the event flow
BFSI Summit: CEOs of prominent private banks say that interest rate hikes are not the key to attracting customers. Instead, the delivery of banking services and brand trust play more significant roles
German lender Deutsche Bank on Wednesday announced that it has infused an additional capital of Rs 5,113 crore into its India operations. This is the largest capital allocation to India in recent years and will be used for expanding across business lines, including corporate banking, investment banking and private banking, according to a Deutsche Bank's statement. The lender has been present in India for the last 45 years and the balance sheet size stood at Rs 1.45 lakh crore as of March 31, 2024, making it one of the largest foreign banks in the country. It has 17 branches in the country. The fresh infusion marks a 33 per cent jump in the capital buffer over the 2023 levels and increases the regulatory capital of Deutsche Bank AG India branches to nearly Rs 30,000 crore, the statement said, adding that the same has grown three times in the last decade. "India is well positioned to benefit substantially from many of today's most important trends reshaped supply chains, digitisation
Fresh term deposit rates rise eight bps in Sept; One-yr MCLR flat in October
Indian banks are prioritising work-life balance by implementing policies to reduce overtime and after-hours communication, responding to rising attrition and employee burnout
Slippages in unsecured retail portfolios take a toll on private banks; elevated credit costs hurt, too
The Nifty Private Banks Index is currently experiencing a downward trend, supported by short-term moving averages, all of which are sloping downwards
This will be 2nd meeting of its kind