Central Bank of India on Friday reported 69 per cent jump in net profit at Rs 279 cr for the quarter ended December 2021 on the back of healthy growth in core income and fall in bad loan proportion.
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State-owned Punjab National Bank (PNB) on Friday said it is looking to further monetise its stake in UTI Mutual Fund as part of its non-core asset sale plan to shore up its capital base.
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Total income, however, fell marginally to Rs 21,312 crore during the October-December period of 2021-22, against Rs 21,365 crore in the same quarter of 2020-21, Canara Bank said in a regulatory filing.
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On January 20, the RBI had conducted an overnight variable rate repo (VRR) auction of Rs 50,000 crore.
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Net profit jumped 25.4% to 61.94 billion rupees ($832.72 million) in the third quarter ended December 31.
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However, total income declined to Rs 20,458.31 crore in the quarter under review from Rs 26,551.90 crore in October-December 2020 period
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Both Kotak Mahindra Bank and GIFT SEZ will cooperate towards wide-ranging activities to improve customers' overall financial services offerings.
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As part of the Proposed Acquisition, UOB intends to bring onboard the employees in the Consumer Business. The Proposed Acquisition will further strengthen and deepen UOB’s ASEAN franchise.
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This will help in reducing the customer interaction time at the branches/ offices and will, therefore, reduce the risk of contamination among the employees of banks and customers, it said.
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Yes Bank's net advances grew by nearly 4 per cent to Rs 1,76,422 crore on a provisional basis as of December 31, 2021, the bank said on Tuesday.
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