Public Sector Banks Record Net Profit of Rs 85,520 Crore in First Half FY2024-25 Introduction: Public Sector Banks’ Strong Financial Performance In the first half of the fiscal year 2024-25, public sector banks (PSBs) in India have reported a significant surge in their net profits. According to recent data, these banks collectively recorded a net…
Deutsche Bank Infuses ₹5,113 Crore to Boost India Operations Deutsche Bank, one of the leading global financial institutions, has announced a substantial investment of ₹5,113 crore to enhance its operations in India. This move comes as part of the bank’s strategy to strengthen its position in the Indian market, which has been growing rapidly in…
Canara Bank Aims for ₹60,000 Crore Recovery in H2 FY25 Introduction to Canara Bank’s Recovery TargetCanara Bank, one of India’s largest public sector banks, has set an ambitious target to recover ₹60,000 crore in the second half of the fiscal year 2024-25 (H2 FY25). This strategic initiative is part of the bank’s broader objective to…
CS Setty Gets FSIB Approval to Head SBI as Next Chairman CS Setty has received the crucial approval from the Financial Stability and Investment Board (FSIB) to assume the role of Chairman at the State Bank of India (SBI). This decision marks a significant milestone in the banking sector, positioning Setty to lead India’s largest…
ICICI Bank’s Market Cap Tops $100 Billion, Becomes Only Sixth Indian Company to Hit Milestone ICICI Bank, one of India’s leading private sector banks, has achieved a significant milestone as its market capitalization crossed the $100 billion mark. This achievement makes ICICI Bank only the sixth Indian company to reach this valuation milestone, underscoring its…
Moody’s Maintains Stable Outlook on Three Indian PSU Banks’ Ratings Moody’s, a globally renowned credit rating agency, has recently affirmed the stable outlook on the ratings of three prominent Indian Public Sector Undertaking (PSU) banks. This decision reflects the agency’s confidence in the resilience and stability of these banks despite the challenging economic environment. The…
Banking Icon N. Vaghul Passes Away at 88 Banking industry veteran N. Vaghul, known for his significant contributions to the Indian banking sector, has passed away at the age of 88. His demise marks the end of an era in the realm of banking and finance in India. Vaghul’s illustrious career spanned several decades, during…
ICICI Bank Joins India’s Top 5 Companies with Market Cap Surpassing Rs 8 Trillion ICICI Bank, one of India’s leading private sector banks, has achieved a significant milestone by entering the league of the country’s top five companies based on market capitalization. With its market capitalization soaring past Rs 8 trillion, ICICI Bank now stands…
Canara Bank CGM P. Santhosh Appointed as MD of NARCL The banking sector in India witnesses a significant change as P. Santhosh, the Chief General Manager (CGM) of Canara Bank, has been appointed as the Managing Director (MD) of the National Asset Reconstruction Company Limited (NARCL). This transformative appointment comes at a crucial juncture, where…
Federal Bank Titled “Bank of the Year 2023” in India – The Banker The Federal Bank of India has been conferred with the prestigious title of “Bank of the Year 2023” by The Banker, a globally recognized financial intelligence magazine. This remarkable accolade recognizes the bank’s exceptional performance, resilience, and significant contributions to the banking…
