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51 minutes ago · Bank of Maharashtra maintained its lead in deposit mobilisation growth, with a notable 15.66% rise in FY24, followed closely by SBI, Bank of India, and Canara Bank, all achieving double-digit growth rates in deposits. , ETBFSI. Published On May 21, 2024 at 07:56 AM IST. Bank of Maharashtra has emerged as the best performer among public sector ...
1 day ago · Indias banking sector has collectively posted a net profit exceeding Rs 3 lakh crore for the first time ever in fiscal year 2024 (FY24). This milestone was proudly highlighted by Prime Minister ...
1 day ago · Private banks in India have outperformed public sector banks (PSBs) by reporting a higher net profit growth in fiscal year (FY) 2024, as per a Moneycontrol analysis. The banking sector's ...
11 hours ago · SBI’s NIM rose to 3.30 per cent from 3.22 per cent quarter on quarter. Axis Bank’s NIM stood at 4.06 per cent in Q4FY24, up 5bps QoQ. For Kotak Bank, the NIM rose to 5.28 per cent during Q4 of ...
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16 hours ago · In absolute terms, financial year (FY) 2024 saw India’s private sector banks reporting a bigger net profit than PSBs. In FY24, a total of 26 private sector banks reported a net profit of Rs 1.78 ...
1 day ago · Taking to X, the Prime Minister said, “In a remarkable turnaround in the last 10 years, India's banking sector net profit crosses Rs 3 lakh crore for the first time ever.”
3 hours ago · Considering SBI’s size and influence, other banks will have to follow suit; putting pressure on NII) growth and on net interest margins (NIMs). That could put some pressure on banking stocks in ...
