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SBI ASSET QUALITY
SBI missed digital payments bus, now playing catch-up with YONO Pay: Chairman CS SettyState Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI me...
SBI's Q1 profit jumps 10% YoY on loan growth, beats Street estimatesState Bank of India announced a notable ten percent growth in net profit for the June quarter, driven by robust loan growth that amplified ...
SBI Chairman Setty rules out asset quality stress in Q1, says seasonality distorts sequential NPAsState Bank of India reported a strong first quarter with net profit rising over ten percent. Gross advances surpassed fifty lakh crore rupe...
SBI Q1 profit beats estimates on strong loan growth, asset qualitySBI reported a 10% rise in Q1 net profit to Rs 21,121 crore, beating estimates on robust loan growth and higher net interest income. Improv...
CAS chaos continues: Sensex falls 456 points, Nifty trims losses to close at 24,571. What lies ahead?Indian stock markets closed lower as the new closing auction session impacted benchmark indices. Sensex fell nearly 456 points, while Nifty...
SBI sees broad-based credit growth, sticks to 14-15% FY27 loan growth guidanceState Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to ...
SBI Q1 Results: Standalone profit rises 10% YoY to Rs 21,121 crore, beats estimatesState Bank of India reported a ten percent year-on-year net profit growth. Its net interest income also saw a fifteen percent rise during t...
SBI Q1 results preview: Will India's largest public bank report a decline in profit?In the upcoming June quarter, State Bank of India's profits are projected to dip, influenced by margin constraints and a slowdown in income...
Lower real interest rates have not hurt deposit growth in India: SBI ResearchDeposit growth in India improved despite declining real interest rates, according to an SBI Ecowrap report. The report noted that deposit m...
Inside LIC’s Rs 16 lakh crore portfolio: Its biggest stock buys and sells in June quarterLife Insurance Corporation bought shares worth over Rs 16,000 crore in June. Bharti Airtel and Maruti Suzuki saw the largest buying from th...
ICICI Securities initiates coverage on 7 PSU banks with positive valuationsICICI Securities commenced its analysis on seven public sector banks, giving most a Buy rating. They predict a strong return on equity for ...
Avaada Group secures $1.3 billion financial closure for 2,150 MW projectsAvaada Group achieved financial closure for its renewable energy portfolio worth USD 1.3 billion for projects in Gujarat and Maharashtra. T...
Bajaj Finance shares explode 7%, make investors Rs 46,445 crore richer. Is it still a buy?Bajaj Finance shares surged over 7% to a record high after the NBFC reported strong June-quarter earnings, led by robust loan growth, impro...
Technology sector funds dominate July returns; 9 mutual funds deliver over 10% gains. Should investors ride the rally?Technology sector mutual funds achieved substantial gains during July. HDFC Technology Fund led with a remarkable 16.91% return for investo...
BNP Paribas Cardif to bring bancassurance expertise to IndiaFirst Life after stake buyFrench insurer BNP Paribas Cardif will acquire a significant stake in IndiaFirst Life Insurance. This strategic move marks Warburg Pincus's...
August Rush: Over 2 dozen companies plan Street debut next monthIndia's primary market momentum continues with over two dozen issuers planning IPOs. These companies aim to collectively raise approximatel...
Costs and provisions down, IDFC Bank will continue to bolster earnings: V Vaidyanathan, MD & CEOOur credit cost was 2.13% of loans including the microfinance portfolio, against a guidance of 2.10%. This year, encouraged by seeing our c...
SBI recruits 1,930 Circle Based Officers to strengthen banking operationsState Bank of India has recruited 1,930 Circle Based Officers nationwide. These new officers will strengthen customer service and banking o...
NMC health settlement drags Bank of Baroda Q1 net profit down 72%Bank of Baroda's June-quarter profit fell 72% due to a large settlement payment. Other income also declined, impacting the bank's overall f...
India's SBI Card posts higher quarterly profit on asset quality boostSBI Cards announced an impressive profit surge attributed to lower provisions for bad loans. A remarkable rise in card spending highlighted...