Working capital loan sanctions doubled in 2 days: Nirmala Sitharaman

A day after suggesting that Indian economy is "poised to recover" as indicated by high levels of loan sanctions by banks over last two months, Finance Minister Nirmala Sitharaman on Saturday pointed out that banks are leaving no stone unturned to ensure that the current coronavirus situation does not result in liquidity crisis for businesses.

from Banking/Finance-Industry-Economic Times https://ift.tt/35L286d

Read more »

ICICI Bank Q4 profit jumps 26% to Rs 1,221 crore; announces Rs 25,000 crore fundraising plan

Private sector lender ICICI Bank reported a 26% on-year jump in standalone profit for the quarter ended March 31. The bank saw total income in the March quarter surge by Rs 2,500 from the previous year.

from Banking & Finance – The Financial Express https://ift.tt/2SQfJUv

Read more »

Q4 results: ICICI Bank net profit up 26% to ₹1,221.36 crore

The net interest margin was the highest ever at 3.87 per cent in the fourth quarter

from Business Line - Money & Banking https://ift.tt/2SMCpVW

Read more »

ICICI Bank Q4 net rises 26% to Rs 1,221 crore

ICICI Bank on Saturday reported a 26 per cent rise in standalone net profit at Rs 1,221 crore for the March quarter. The bank had posted a net profit of Rs 969 crore in the corresponding January-March period of 2018-19.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2WfkuJA

Read more »

View: Why a new 'Bad Bank' when there are 24!

A `Bad Bank' is being touted as the panacea for industry’s ills, yet again.

from Banking/Finance-Industry-Economic Times https://ift.tt/2WljpQB

Read more »