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The Reserve Bank of India (RBI) has announced auction of state government stocks worth Rs 14,000 cr on August 29. The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system. The government stock up…

The Reserve Bank of India on Friday tightened rules to crack down on unfair recovery practices and strong arm tactics used by loan collection agents, after complaints against them continued to mount. The central bank mandated all…

Axis Bank is avoiding large-value corporate loans as it believes there is heavy mispricing in that segment due to low interest rates and excess liquidity of the past few years, says deputy managing director Rajiv Anand. The bank will…

Welcome to ETMarkets’ Investors Guide, a show about asset classes, market trends, and investment opportunities. This is Saloni Goel.Markets rebounded last week on strong quarterly earnings globally and hopes of slowdown in the pace of…

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Non-bank lender reported a 117% jump in consolidated net profit for the June quarter at Rs 141 crore owing to robust business growth and improvement in net interest margin. Its net profit was at Rs 65 crore in the year ago period. Net…

YES Bank on Saturday reported a 50.17 per cent year-on-year (YoY) rise in profit after tax (PAT) at Rs 310.63 crore compared with Rs 206.84 crore in the same quarter last year. Net interest income (NII) for the quarter jumped 32 per cent…

MUMBAI: HDFC Bank on Saturday reported a 20.91 per cent jump in its June quarter net profit at Rs 9,579.11 crore. On a standalone basis, the largest private sectorlender's net profit increased to Rs 9,195.99 crore from Rs 7,729.64 crore…

MUMBAI: Gross non-performing assets (GNPAs) of banks have hit a six-year low of 5.9% as of March 2022. But India’s NPAratio is one of the highest among comparable countries, says a report. Barring Russia, which has bad loans of 8.3%,…

In signs that economic revival is gaining pace, bank loans rose 12.6 percent in May more than double the pace of 4.9 percent growth in May last year. Significantly all sectors- agriculture, industry, services as well as retail did better…