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Kolkata: State-owned Indian Bank said its gross advances grew 13.6% year-on-year to Rs 6.68 lakh crore at the end of March while deposit mobilisation rose 12.6% to Rs 14.98 lakh crore. Four south-based private banks, which updated quarterly business numbers Monday, also saw their gross advances growth outpacing deposit expansion, in line with the industry trend. The Chennai-headquartered Indian Bank said that its advances grew largely on account of lending to retail, agriculture and micro smal ...Read More >
Thrissur: The lender closed FY26 with healthy momentum across key banking metrics, signaling continued expansion in lending and deposit mobilization despite a competitive environment. Advances Growth Accelerates South Indian Bank's gross advances climbed to Rs 1,01,295 crore as of March 31, 2026, marking a 15.66 percent year-on-year increase. This reflects sustained credit demand and the bank's ability to scale its loan book. Compared with Rs 96,764 crore in December 2025, the steady quarterly ...Read More >
Mumbai: Lower-income borrowers, who typically depend on small-ticket loans, are increasingly moving away from microfinance institutions (MFIs) and turning to gold loans for immediate requirements. This shift is driven by soaring gold prices, lower gold loan rates and higher scrutiny by MFIs in sanctioning new loans. According to data from the Reserve Bank of India (RBI), loans against gold surged 122% year-on-year as of June while data from the Microfinance Industry Network show outstanding mic ...Read More >
New Delhi, Jul 17 (PTI) South Indian Bank on Thursday reported a 10 per cent rise in profit to Rs 322 crore during the first quarter. The Kerala-based bank had a net profit of Rs 294 crore in the same quarter of previous fiscal year. The total income rose to Rs 2,984 crore during the June quarter of 2025-26, from Rs 2,736 crore in the same of FY25, South Indian Bank said in a regulatory filing. Interest earned by the bank grew to Rs 2,362 crore as compared to Rs 2,314 crore in June quarter FY ...Read More >
Baramulla, Jul 5: Hundreds of mourners from Delina and its neighbouring villages Saturday participated in the Muharram procession, the 9th day of the month of Muharram-Ul-Haram at Delina area of north Kashmir's Baramulla district. The procession was one of the series of processions being held in the month of Muharram, the first month of Islamic calendar. Dressed in black and carrying flags bearing religious inscriptions, participants from the villages of Hygam, Bulgam, Bohripora, Syedpora, Uri ...Read More >
VIJAYAWADA: Chief Minister Nara Chandrababu Naidu has directed officials to install statues of freedom fighter Alluri Sitarama Raju and Amarajeevi Potti Sriramulu in Amaravati to honour their contributions and inspire future generations. He emphasised that eco-parks being developed across the capital region should be named meaningfully and reflect the heritage and values of the state. At the same time, he underscored the importance of maintaining financial prudence and avoiding unnecessary extr ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Top bankers on Friday hailed the Reserve Bank's decision to reduce repo rate by 50 basis points to 5.50 per cent and cash reserve ratio (CRR) by 100 basis points in four tranches, saying the policy move is expected to provide the necessary drive for credit expansion in priority sectors which will enhance the financial inclusion. Besides this, the revision in CPI inflation to 3.7 per cent for FY26 also shows the RBI's confidence in inflation being aligned with ...Read More >
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