3 NPA WORTH OVER RS 35 TEN-MILLION REPORTED AS FRAUD TO RBI

HIGHLIGHTS

• Indian Bank has reported three accounts as fraud to the RBI.
• The worth of these accounts is over Rs 35 ten-million.

Indian Bank has reported three accounts as fraud to the Reserve Bank Of India (RBI). The worth of these ac...

RBI SAYS INDIA FACED COVID WITH ROBUST ECONOMY

HIGHLIGHTS

• RBI released its bi-annual Financial Stability Report.
• The report stated that gross NPA of banks could rise to 13.5% by SEP 2021 from 7.5% in 2020.
• Following COVID-19, expansion in government‘s market borrowing programme wa...

HDFC BANK NET PROFIT UP BY 19.6% IN Q1, PROVISIONS INCREASE BY 49%

Highlights

• HDFC Bank’s net interest income went up by 17.8% y-o-y  to Rs 15,665.4 crore

• HDFC reported a net profit of Rs 6,659 crore for the first quarter of FY21

• As per the results, bank’s net interest margin remained unchanged ...