Centrum-Bharatpe joint venture to pump Rs 1,800 crore into PMC on merger

This paves the way for ending nearly two anxious years for the PMC depositors whose over Rs 10,723 crore are still stuck in the crippled cooperative bank that has been under RBI administrator since September 2019.

from Banking/Finance-Industry-Economic Times https://ift.tt/3zFAI0k

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Bank of Maharashtra tops PSU bank chart in MSME loan growth in FY21

In absolute terms, gross bad loans stood at Rs 7,779.68 crore at the end of March 2021, lower than Rs 12,152.15 crore recorded in the year-ago period. Net NPAs came down to 2.48 per cent (Rs 2,544.32 crore) from 4.77 per cent (Rs 4,145.38 crore)

from Banking/Finance-Industry-Economic Times https://ift.tt/35FGOQy

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Insurers seek re-pricing of Corona Kavach, Corona Rakshak policies

Since the pandemic beginning to date, the general insurance industry has received over ₹24,000-crore of Covid related claims.

from Business Line - Money & Banking https://ift.tt/3gN01Vt

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Muthoot Capital Services net profit declines to Rs 8.9 crore in Q4 of FY21

Total AUM reaches Rs 2088.5 crore

from Business Line - Money & Banking https://ift.tt/3gLkqu6

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Karnataka Bank reports frauds of ₹160.35 cr in 2 cases

The bank said both these accounts were classified as NPA and have been fully provided for

from Business Line - Money & Banking https://ift.tt/3wD4yAu

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