Commentary on credit, deposit growth and margin trajectory eyed

During the quarter under review, interest income improved to 1,848 crore

The banks operating profit grew 41.69 per cent y-o-y at Rs 1,585.69 crore for the third quarter of FY25

Strong recoveries have played a key role in reducing net NPAs, including interest recovery, which has contributed to overall financial stability

Skydo started operations in 2022 and currently serves over 12,000 exporters in India

The other panel members are: Revathy Iyer, Director, Central Board, RBI; Parvathy V. Sundaram, former Executive Director, RBI; Hemant G. Contractor, former MD, State Bank of India and former Chairman, Pension Fund Regulatory and Development Authority; and N. S. Kannan, former MD & CEO, ICICI Prudential Life Insurance Co Ltd

Gross non-performing assets improved by 75 basis points to 0.83% of gross advances (691 crore) as of December 31, 2024, compared to 1.58 per cent (1,152 crore) a year earlier.

The public sector banks net interest income in the reporting quarter rose about 12 per cent y-o-y at 3,540 crore (3,152 crore in the year-ago period).

Margin falls, NPAs rise

Total deposits were up about 9 per cent y-o-y to 2,82,439 crore

Net interest income rose by 16 per cent to 2,789 crore from 2,398 crore, while total operating income increased by 12 per cent to 4,086 crore from 3,660 crore.

RBI Deputy Governor Rajeshwar Raoemphasises need for contingency funding plans

A substantial part of growth came in the third quarter. In the first half of FY25, PMMY loans had actually showed a dip for the first time after Covid-19 at 1,86,284 crore as of September 24, compared to 1,91,863 crorein the same periodlast year.

ARCs now have a relatively free hand in settling borrower dues of up to 1 crore, going by the revised guidelines on settlement of dues of borrowers by ARCs.

Trading under the Trump ticker on the Solana blockchain, the token gained attention following promotion on Trumps social media channels.

Nine months consolidated loss too narrows significantly to 119 crore from net loss of 872 crore; Paytm Cloud to set up wholly owned subsidiaries in UAE, Saudi Arabia and Singapore

The RBIs recent actions in the forex markets illustrate attempts to manage liquidity amid shrinking banking system resources.

Attrition in the case of some MFIs is more than 50 per cent; 25% of the employees quit their job without having another in hand

While stakeholders agreed that India does not figure among the countries with significant Bitcoin holdings, theres still scope for the government to make up on lost time

NIM contracts; bank lowers guidance on loan growth

The lender had reported a net profit of 4,265 crore in the year-ago period and 5,044 crore in the preceding September quarter

India needs market-friendly reforms, and not incumbent-friendly reforms, in the banking sector

JFSs AUM stood at Rs 4,199 crore in Q3 as against Rs 1,206 crore in Q2

WazirX parent, Zettai has been working in partnership with law enforcement agencies to trace and retrieve stolen assets

To provide additional touchpoints for affluent, HNW, UHNW and non-resident clients

The announcement comes shortly after foreign governments attributed the theft to North Korean hackers

RBI examining the companys proposal to de-register itself as a core investment category NBFC.

By doing so, the governments stake in the public sector bank will come down from 79.60 per cent now to 75 per cent

The savings plan promises guaranteed returns of up to 668 per cent of the total premium paid

Net profit down 9 per cent Q-o-Q on lower other income; asset quality worsens

Bancassurance partnership aims to enhance financial inclusion

Rebranding follows acquisition of Shriram Housing Finance by Warburg Pincus and its co-investors from Shriram Finance