The comments come amid rising market expectations for a rate cut at the RBI's next policy review on September 29 after consumer inflation eased to a record low in July.
Investors, who have long favoured private banks for their comparative nimbleness and cleaner balance sheets, say the higher exposure to heavily indebted companies is becoming a cause for concern ...
On a standalone basis, the bank's net profit increased by 10.2 per cent to Rs 3,692.43 crore for the quarter under review as against Rs 3,349.08 crore a year ago.
State-run lenders, who dominate country's banking sector with more than 70 per cent market share, will need Rs 93,000 crore to deal with stressed loans, India Ratings and Research said in a resear...
The stock, however, jumped as much 6.7 per cent as the bank's bad loan ratio fell marginally in the three months to June, compared with the previous quarter.
Net profit fell to Rs 130 crore ($20.3 million) for its fiscal first quarter to June 30, from Rs 806 crore reported a year earlier, the Mumbai-based lender said.
Net profit fell to Rs 519 crore ($81 million) during its fiscal first quarter to June 30, from Rs 664 crore reported a year earlier, the Mumbai-based lender said.
Apart from naming and shaming smaller borrowers, PSU banks are even using big TV screens at shopping malls to advertise seized assets for sale.
It has become the country's first e-commerce companies to list its shares on the domestic market.
Under the pact, JCB cards will be accepted at all NPCI locations in the country.
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