Bank of India Q1 Results: Net Profit Soars 176% YoY to Rs 1,551 crore
State-owned Bank of India reported a 176% increase in net profit for the June quarter at Rs 1,551 crore as compared with Rs 561 crore in the previous year. This …
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High Turnover Rate: 1 out of 3 Entry-Level Private Bank Staff Resigns
MUMBAI: In a trend that could be largely attributed to digital adoption and re-assessment of life goals, banks are witnessing a spike in attrition, particularly among frontline and junior staff. …
Banks Step Up by Conducting Stress Tests on Loan Book Resilience
MUMBAI: Banks will soon have to conduct a stress test on their loan portfolio to measure climate change vulnerabilities. The Reserve Bank of India deputy governor M Rajeshwar Rao said …
State Bank of India (SBI) Projected to Raise Up to Rs 10,000 crore through Infrastructure Bonds
Mumbai: State Bank of India, the country’s largest lender, is likely to carry out a sale of infrastructure bonds worth up to ₹10,000 crore around the end of this month, …
Following the merger, HDFC Bank emerges as the 7th largest lender worldwide.
The merged entity of HDFC Bank and HDFC became the world’s seventh-most-valuable bank with its market capitalisation soaring to $154 billion, or Rs 12.66 lakh crore, on Monday. The market …