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This will allow the Bank's NRI customers to make payments for their utility bills, merchant and e-commerce transactions with their international mobile number registered with their NRE/NRO bank account maintained with ICICI Bank in the country."This launch reinforces our commitment to...

New Delhi: Unity Small Finance Bank on Monday reported a net profit of Rs 14 crore for the January-March quarter, boosted by higher net interest income.The bank, promoted by Centrum Financial Services, had reported a net loss of Rs 52 crore in the March quarter of FY 2022-23.The small...

TBILISI [Georgia], The Board of Governors of the Asian Development Bank (ADB) today approved the Bank's 2023 financial statements and an income allocation of US$1.42 billion from its common capital resources, the highest in ADB's history. The 2023 allocable net income will be USD 1.005 billion...

bank's net interest income Revenue rose 12 per cent to Rs 3,688 crore from Rs 3,280 crore, while return on assets (ROA) increased 39 bps to 1.82 per cent in the fourth quarter compared to 1.43 per cent in the same quarter last year.The board of directors of IDBI Bank has recommended a...

Srinagar, Jammu and Kashmir Bank on Saturday reported its highest-ever annual profit of Rs 1,767 crore for 2023-24.Its managing director and CEO Baldev Prakash said net profit has increased by 48 percent compared to the last financial year."Breaking its highest record of profits achieved...

The bank's net interest income during the fourth quarter increased by 13 per cent to Rs 6,909 crore from Rs 6,103 crore in the same period last year.Kotak Bank also recorded an improvement in its asset quality with gross non-performing assets (NPAs) declining to 1.39 per cent of total loans...

Abu Dhabi [UAE], Commercial Bank International (CBI) has announced its financial results for the first quarter of 2024, reporting a 19 per cent net profit before tax increase from AED34 million in the first quarter of 2023. Increasing to AED40.4 million in Q1 2024. The bank's deposits of its...

New Delhi, South Indian Bank on Thursday reported 13.88 per cent decline in March quarter net profit at Rs 287.56 crore.The private sector bank earned a net profit of Rs 333.89 crore in the January-March period of the financial year 2022-23.Total expenses rose to Rs 2,187 crore in the March...

New Delhi, Federal Bank on Thursday reported a net profit of Rs 906 crore for the March 2024 quarter.The bank had a net profit of Rs 903 crore in the fourth quarter of FY 2022-2.Its total income increased by 23.42 percent to Rs 6,732 crore in the January-March period. Net interest income...

NEW DELHI: Shares of Kotak Mahindra Bank fell over 4 per cent on Thursday after the company announced that its joint managing director KVS Manian, a veteran of the lender, has stepped down with immediate effect.Shares of the private sector lender fell 4.38 per cent to hit a 52-week low of Rs...

New Delhi: Oxfam has claimed that the Asian Development Bank's actual finance figures for its large climate adaptation projects in countries in Asia, including India, are "exaggerated" and are 44 per cent lower, amounting to USD 0.9 billion instead of the reported USD 1.7 billion. Could be...

New Delhi, Kotak Mahindra Bank on Wednesday said Chengalat Jayaram's tenure as non-executive director on the bank's board has ended on April 30.In a regulatory filing, the bank said that in line with the provisions of the Banking Regulation Act, 1949, Jayaram's tenure will end on April 30...

New Delhi: State-owned Central Bank of India on Tuesday said its net profit rose 41 per cent to Rs 807 crore in the March quarter, helped by a decline in bad loans and a rise in interest income.The Mumbai-based lender had posted a net profit of Rs 571 crore in the year-on-year period.During...

New Delhi: State-owned UCO Bank on Monday said its net profit declined 10 per cent to Rs 526 crore for the fourth quarter ending March 2024.The bank had earned a net profit of Rs 581 crore in the same period a year ago.During the quarter, the bank's total income rose to Rs 6,945 crore from...

New Delhi, IDFC First Bank on Saturday reported a 10 per cent decline in net profit to Rs 724 crore for the fourth quarter ending March 2024 due to a substantial jump in provisions.The lender had made a net profit of Rs 803 crore in the year-ago period.Total income rose to Rs 9,861 crore...

Dubai [UAE], The Asian Development Bank (ADB) has committed US$23.6 billion of its resources in 2023, including US$9.8 billion for climate action, to help Asia and the Pacific achieve sustainable development. So to receive. These figures are from financial and operating results. ADB's annual...

The private sector lender also recorded an improvement in its asset quality with gross non-performing assets (NPAs) declining to 1.7 per cent of total loans from 2.2 per cent in the same quarter last year. The bank's net NP fell to 0.6 per cent from 0.80 per cent on year-on-year basis.Bank...

MUMBAI: State-owned Bank of Maharashtra on Friday reported a 45 per cent rise in net profit to Rs 1,218 crore for the March 2024 quarter, helped by a decline in bad loans and a rise in interest income.The Pune-based lender had posted a net profit of Rs 840 crore in the year-on-year period. Its...

New Delhi, Private sector lender CSB Bank on Friday reported a 3 per cent decline in its net profit to Rs 151 crore for the fourth quarter ending March 2024, mainly due to a rise in bad loans.The Kerala-based lender had posted a net profit of Rs 156 crore in the year-on-year period.During...

New Delhi, Utkarsh Small Finance Bank on Friday reported 19 per cent rise in net profit to Rs 160 crore for the fourth quarter ended March 2024.In the same quarter a year ago, the bank had earned a net profit of Rs 134 crore.Its total income rose to Rs 1,016 crore during the quarter under...