MUMBAI: Loans written off by commercial banks between FY15 and FY24 totalled Rs 12.3 lakh crore. Of this, 53% or Rs 6.5 lakh crore of the write-offs were by public…
Gross NPAs of PSU banks drop to 3.1% from 14.6% in '18 MUMBAI: The gross non-performing asset (GNPA) ratio of public sector banks dropped to a record low of 3.1%…
Highest Fixed Deposit Interest Rates: Fixed deposits (FDs) offered by banks are secure and interest-generating investment options. With FDs, you can expect a guaranteed return on your invested funds, which…
NEW DELHI: Govt on Friday introduced a bill to amend banking laws, which includes changes to nomination facility to make it more consumer-friendly, but left the floor on its holding…
MUMBAI: Public sector banks have collected Rs 8,495 crore over five years from depositors who did not have enough money in their savings accounts by way of fines for not…
NEW DELHI: The government will introduce a credit guarantee scheme for MSMEs to facilitate term loans without collateral or third-party guarantees, Finance Minister Nirmala Sitharaman announced on Tuesday. Presenting her…
MUMBAI: RBI's announcement on Wednesday of a Rs 2.11 lakh crore dividend will make available a bonanza for the new govt when it takes office after the ongoing national elections.In…
MUMBAI: For the first time, the banking sector's net profit crossed Rs 3 lakh crore in FY24. The net profit of listed public and private sector banks rose 39% to…