Financial institution of Maharashtra (BoM) reported a 47 per cent soar in first quarter internet revenue at ₹1,293 crore on the again of wholesome development in internet curiosity revenue and non-interest revenue and sharp decline in provision for taxes. The Pune-headquartered public sector financial institution had reported a internet revenue of ₹882 crore within the … Read more
Public sector banks appear to have began FY25 on a powerful notice, clocking sturdy credit score progress, going by provisional enterprise updates of Financial institution of Maharashtra (BoM) and UCO Financial institution for the primary quarter of FY25. Nevertheless, deposit progress of those banks continues to lag credit score progress. BoM has reported a 19.01 … Read more
FY23 was an unexpectedly good yr for banks. Whether or not when it comes to development, asset high quality or profitability, it was undoubtedly among the finest performances throughout classes in over a decade. Mockingly, although, the inventory costs of banks aren’t reflecting evenly this nice present. The positives are maybe baked into the valuations, … Read more