Satyanarayana Raju, MD & CEO, Canara Bank, says the bank is looking at alternative resources instead of only depending on deposits which are costing them heavily. But it does not mean that they are not growing at the deposits. Deposits are also growing at par with credit. In the last 20 months, they have launched … Read more
K Satyanarayana Raju, MD & CEO, Canara Bank, says they have grown CASA at 5.05%, but in the current quarter whatever growth they targeted for deposits, the same growth they want reflected in the CASA also, so that CASA growth year-on-year at least will touch 8% while deposits will grow at 8-8.5%. Raju further said, … Read more
“In 17 years, Maharashtra has reached where yesterday India was. Over the next 17-20 years, will Maharashtra reach where today’s India is? Undoubtedly yes. Our states will become as big as today’s India,” says Nilesh Shah, MD, Kotak AMC. 2009, Nifty at some 4300 levels. Today, we closed at a high above 18,800. Spectacular journey … Read more
Not long ago, the US witnessed a banking crisis that shook its financial landscape. Within a blink of an eye, Signature Bank, Silicon Valley Bank, and First Republic Bank crumbled, leaving many investors thinking over the causes of their downfall. But who was the culprit behind these bank failures? Well, it was the dreaded bank … Read more
“As far as our net profits are concerned, we had a net profit of Rs 4023 crores to be exact. This is for the first time in the history of Bank of India, the annualised profit has touched Rs 4023 crores as against the backdrop of Rs 3405 crores as on March 2022,” says Rajneesh … Read more
Mumbai: The total loans under moratorium for ICICI Bank fell to 17.5% by value in June from around 30% in April with less than 10% of customers added to the ones that had availled the moratorium facility in April, the bank said in a post earnings call. ICICI Bank’s fall in loans under moratorium is … Read more