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Saturday, May 10, 2025

FM asks banks to ensure uninterrupted services



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Banks, oil companies say no disruption in service, everything is normal



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Japan's SMBC to buy 20% in Yes Bank



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Bank of India Q4 net profit soars 82% to Rs 2,626 crore; eyes 12% loan growth in FY26

Bank of India's net profit soared 82% to Rs 2,626 crore in Q4 2025, fueled by treasury gains and recoveries from written-off accounts. The bank targets 12-13% loan growth and 11-12% deposit growth for fiscal year 2025-26, despite a NIM decrease. The bank is also focusing on cybersecurity and ATM cash availability, in line with regulatory guidelines.

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bDcBXOJ
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Friday, May 9, 2025

Union Bank Q4 profit surges 50%, cautions on margin pressure amid RBI rate cuts

Union Bank of India witnessed a significant 50% surge in net profit, reaching ₹4,985 crore for the March quarter, fueled by increased non-interest income and reduced provisions. However, the bank anticipates pressure on net interest margins due to potential rate cuts by the RBI. While loan growth fell short of targets at 8.

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