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UCO Bank Q4 net jumps over 3-fold to Rs 312 cr
A fall in bad loans lowered the NPA provisioning requirement
Gross NPAs may dip to 6.9% by March
The gross fresh slippages during the April-June 2021 quarter stood at Rs1 lakh crore (annualised slippage rate of 4.1%) compared with Rs2.5 lakh crore...
Kerala's top financial institution performs well amid Covid-19
Despite difficult times due to the Covid-19 pandemic, the state's premier financial institution, the Kerala Financial Corporation (KFC), has posted a...
Windfall gains on bond portfolios
PSBs booked profits of Rs 31,600 crore due to gains on bond portfolio compared to overall profit before tax (PBT) of Rs 45,900 crore in FY21. The...
Lenders better prepared to tackle increased NPAs
Another common thread that we are seeing is the enhanced technology enablement of business processes and embracing of digitization by banks and NBFCs...
Bank credit demand may double to 10% in FY22
The second and third waves of Covid-19 infections are a risk to economic recovery, but it may not result in widespread lockdowns and a faster...
Central Bank of India Q3 net up 6.5%
State-owned Central Bank of India on Tuesday reported a 6.5 per cent rise in its net profit to Rs 165.41 crore in the third quarter ended December.
Bank of Baroda Q3 profit at Rs 1,159 cr
Bank of Baroda on Wednesday reported a consolidated net profit of Rs 1,159.17 crore for the third quarter ended December 31, 2020.