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Axis Bank Q3 net profit surges to Rs 6,071 crore, interest income rises to Rs 27,961
Axis Bank Q3 net profit surges to Rs 6,071 crore, interest income rises to Rs 27,961

p Private sector Axis Bank on Tuesday reported a 4 per cent rise in standalone net profit at Rs 6,071 crore in the third quarter ended December 2023. The bank reported a net profit of Rs 5,853 crore in the October-December quarter of 2022. /p p In the latest quarter, the banks interest income rose to Rs 27,961 crore from Rs 22,226 crore in the same period last fiscal. /p p The total inco

RBI revises declaration of dividend norms; raises dividend ceiling to 50% for banks with strong financial health
RBI revises declaration of dividend norms; raises dividend ceiling to 50% for banks with strong financial health

The Reserve Bank of India (RBI) has revised its graded dividend payout policy, raising the ceiling to 50% from 40%. This change is intended to boost the government's earnings, as the government owns over 90% in public sector banks. The RBI also stated that the dividend payout ratio can be up to 50% for banks with no net non-performing assets ratio for the proposed financial year, and up to 15% if

Unclaimed deposits with banks rise by 28 pc to Rs 42,270 cr in FY23
Unclaimed deposits with banks rise by 28 pc to Rs 42,270 cr in FY23

Replying to another question, Karad said quoting RBI data, gross non-performing assets (NPAs), including those associated with Prime Minister Employment Generation Programme (PMEGP), of scheduled commercial banks (SCBs) was Rs 9,33,779 crore (Gross NPA ratio of 9.07 per cent) as on March 31, 2019, Rs 8,96,082 crore (Gross NPA ratio of 8.21 per cent) as on March 31, 2020 and Rs 8,35,051 crore (Gros

Indian Overseas Bank Q2 Results: Net Profit Jumps 25% to Rs 625 Crore
Indian Overseas Bank Q2 Results: Net Profit Jumps 25% to Rs 625 Crore

IOB's gross NPA ratio improved to 4.74 per cent in the second quarter of this fiscal, from 8.53 per cent in the same period of 2022-23 fiscal

Indian Overseas Bank net profit rises 25% to Rs 625 cr in Sept quarter
Indian Overseas Bank net profit rises 25% to Rs 625 cr in Sept quarter

Indian Overseas Bank (IOB) on Friday reported a 25 per cent growth in net profit to Rs 625 crore during the September quarter. The state-owned lender had posted a net profit of Rs 501 crore in the year-ago period. IOB's gross NPA ratio improved to 4.74 per cent in the second quarter of this fiscal, from 8.53 per cent in the same period of 2022-23 fiscal. Interest income stood at Rs 5,821 crore for

IndusInd Bank posts 22% rise in Q2 profit on higher income, lower provisions
IndusInd Bank posts 22% rise in Q2 profit on higher income, lower provisions

Gross bad loans stood at 1.93% of total advances, down 1 basis point sequentially. Its net NPA ratio was at 0.57%, down 1 basis point from the June quarter