Hyderabad: Chief Minister K Chandrashekhar Rao announced that 10 lakh new pensions will be given to all those aged above 57 in the State from August 15. At present, 36 lakh people are getting pensions and another 10 lakh will be added. New pension cards enabled with bar codes will be issued to all the […]
Hyderabad: Union Bank of India on Monday posted a 49.29 per cent increase in its net profit to Rs 1,085 crore for the third quarter ended December 31. The bank had earned a net profit of Rs 727 crore in the corresponding quarter of the previous financial year. The bank’s net interest income grew by […]
Hyderabad: Canara Bank reported a 115.8 per cent jump year-on-year (YoY) in its net profit at Rs 1,502 crore for the third quarter ended 31 December 2021. The bank’s operating profit grew by 10.16 per cent for the period under review. For the nine months ended 31 December 2021, the bank’s net profit grew by […]
Hyderabad: National Bank for Agriculture and Rural Development (NABARD) Deputy Managing Director KV Shaji on Monday appreciated the functioning of Cyber Security Operations Centre (C-SOC), which is being implemented by Telangana State Cooperative Apex Bank (TSCAB) Limited. During his visit to TSCAB, Shaji advised officials to provide necessary guidance and support for development of other […]
IOB which has posted profit for the last three consecutive quarters, expects to continue the trend in the remaining part of the current fiscal year with focus on recovery and business pick up
Presence of non-performing assets in a bank also weakens monetary policy transmission and lowers the loan growth rate, said the working paper prepared by RBI
The Centre said concerns have also been expressed regarding possible downgradation of loan accounts from standard to NPAs and consequent impact on ratings
