Banks’ cost of funds up around 1% YoY on higher deposit, market rates
The cost of funds for banks has risen by around 1 per cent, or 100 bps, YoY, during Q1 FY24
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The cost of funds for banks has risen by around 1 per cent, or 100 bps, YoY, during Q1 FY24
Continue readingSustained credit growth amid almost plateauing interest rates is prompting Banks, especially state-owned, to step up certificate of deposit (CD)
Continue readingInterest earned by the bank improved to Rs.25,004 crore over Rs.18,177 crore in June 2022 State-owned Bank Canara on Monday
Continue readingYES Bank reported a smaller-than-expected increase in quarterly net profit on Saturday as it held more money for bad loans,
Continue readingThe Federal Bank of India raised 9.59 billion Indian rupees ($116.92 million) through the issuance of preference shares to the
Continue readingThe Deposit Insurance and Credit Guarantee Corporation (DICGC) has required all insured banks to display the DICGC logo and QR
Continue readingThe credit incremental deposit (C/D) ratio of all scheduled banks declined to 63.70 percent in the first quarter (Q1) of
Continue readingThe company said on Saturday that the daughter of billionaire Mukesh Ambnai Esha and former CAG Rajiv Maharishi are among
Continue readingPreliminary figures for the first quarter of fiscal year 24 released by banks and NBFCs It showed that credit and
Continue readingBank of Maharashtra (BoM), Federal Bank, CSB Bank, Karur Vysya Bank and Dhanlaxmi Bank posted good year-on-year growth in advances
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