Bank of Baroda CEO says willing to keep lending to Adani Group

The comments offer a degree of support for embattled billionaire Gautam Adani after some banks balked at refinancing a $500 million bridge loan due next month. That came after a report in January from short seller Hindenburg Research sent the group’s assets tumbling. More recently, investor sentiment got a boost when the conglomerate said it will address upcoming maturities.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-of-baroda-ceo-says-willing-to-keep-lending-to-adani-group/articleshow/98078115.cms

BANKING

The comments offer a degree of support for embattled billionaire Gautam Adani after some banks balked at refinancing a $500 million bridge loan due next month. That came after a report in January from short seller Hindenburg Research sent the group’s assets tumbling. More recently, investor sentiment got a boost when the conglomerate said it will address upcoming maturities.

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Banks' net interest income soars by a record 25.5 pc in Q3: Analysis

Net interest income of banks grew by a record 25.5 per cent to Rs 1.78 lakh crore in the December 2022 quarter on-year, driven by a healthy credit off-take and higher yield on advances, according to an analysis. The quarter saw banks booking higher yields on advances as the system-wide core profitability metric net interest margin (NIM) rose by 17 basis points (bps) to 3.28 per cent.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-net-interest-income-soars-by-a-record-25-5-pc-in-q3-analysis/articleshow/98061559.cms

BANKING

Net interest income of banks grew by a record 25.5 per cent to Rs 1.78 lakh crore in the December 2022 quarter on-year, driven by a healthy credit off-take and higher yield on advances, according to an analysis. The quarter saw banks booking higher yields on advances as the system-wide core profitability metric net interest margin (NIM) rose by 17 basis points (bps) to 3.28 per cent.

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Bank of Maharashtra tops list of public sector lenders in loan growth, asset quality

The bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-of-maharashtra-tops-list-of-public-sector-lenders-in-loan-growth-asset-quality/articleshow/98059853.cms

BANKING

The bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures.

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BANKING

"If you look at our cashless transactions, the UPI, I think we record the largest number of cashless transactions in the world. So there's been a kind of a technology leapfrogging in the psyche of people, and that's been actually a very big difference," Jaishankar said at the Raisina@Sydney Business Breakfast.

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