Banks begin process of restructuring of loans up to Rs 25 crore

This is a one-time loan restructuring scheme under which the loan would remain standard despite recast and banks would not have to make additional provision in such cases.

from Banking/Finance-Industry-Economic Times https://ift.tt/3p4BJdt

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SBI LIVE: Chairman Dinesh Khara to announce strategic initiatives at 12 noon; bad bank, more mergers on cards?

SBI Press Conference LIVE: State Bank of India (SBI), along with the Indian Banks Association (IBA), has called for a press conference today at 12 noon to announce some strategic initiatives

from Banking & Finance – The Financial Express https://ift.tt/34sAoTZ

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Dhanlaxmi Bank reports 103% y-o-y increase in 4th quarter net profit

The Thrissur-based lender reported a 103% year-on-year increase in its fourth quarter net profit to R5.28 crore, mostly on lower provisions for bad loans.

from Banking & Finance – The Financial Express https://ift.tt/3vAVOKD

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BoB reports net loss of Rs 1,047 crore due to one-time tax reversal of Rs 3,837 crore

The domestic net interest margin (NIM) of the lender declined 23 basis points (bps) quarter-on-quarter (q-o-q) and 3 bps y-o-y to 2.73%.

from Banking & Finance – The Financial Express https://ift.tt/34rDDvb

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Punjab National Bank to divest stake in Canara HSBC OBC Life Insurance

The city-headquartered state-owned bank had acquired a stake in the life insurer post amalgamation of the erstwhile Oriental Bank of Commerce (OBC) into itself last fiscal year.

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

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