Among private sector banks, Federal Bank, South Indian Bank, Karur Vysya Bank, Dhanlaxmi Bank and CSB Bank have declared their provisional numbers for the reporting quarter so far.
"The base impact as well as the increase in the systemic rates will start reflecting on the loan books as well. So, I think it is a combination of multiple things," said Prakash Agarwal, former head of financial institutions at India Ratings.
This story is from the January 03, 2024 edition of The Free Press Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 03, 2024 edition of The Free Press Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
FATF lauds India's efforts to fight money laundering, terror financing
Global anti-money laundering and counter-terror financing body FATF on Thursday released India's much anticipated mutual evaluation report, saying the country's systems in these domains were \"effective\" but \"major improvements\" were required to strengthen prosecution in such cases.
HDFC Bank to offload ₹91-bn car loan portfolio via securitisation
The largest private sector lender, HDFC Bank Ltd, is planning to sell its pool of Rs. 90.63 bn car loan portfolio through an asset-backed India securities transaction.
SEBI report: 54% IPO shares sold within a wk
Investor interest in IPOs in India is rapidly increasLing, making them an attractive opportunity.
Gilts give up some gains ahead of weekly auction on Fri
Government bonds gave up some gains in the second half of the day because traders trimmed their portfolios ahead of the weekly gilt auction on Friday, dealers said.
Banks to play crucial role in achieving vision of Viksit Bharat: FM
Sitharaman said the vision of a Viksit Bharat by 2047 has key pillars of economic growth, social progress, environmental sustainability, and good governance
'India's logistics cost will come down to single-digit in 5 years’
India's logistics cost will come down to single-digit within the next five years, Union Road Transport and Highways Minister Nitin Gadkari said on Thursday.
Petrol, diesel price cut before Maharashtra elections? Oil Min official says prices volatile
International oil prices continue to be extremely volatile, falling on one day and rising thereafter, a top oil ministry official said, explaining the reason behind no reduction in petrol and diesel prices despite softening in input cost, but could not say if the rates will be cut before Maharashtra elections.
Govt announces steps to resolve shipping related woes of traders
The meeting was held to address rising freight costs, ship- ping delays, shortage and non-availability of containers and congestion at ports.
India-US trade has potential to reach $500 bn, says Puri
The United States is India's sixth largest energy trade partner and the growing bilateral trade has the potential to cross the USD 500 billion-mark from USD 200 billion at present, Petroleum Minister Hardeep Singh Puri has said.
Sensex, Nifty hit record highs on US Fed rate cut
BULLS IN CHARGE | Firm trend in the global markets
