MUMBAI, 21st June 2021 (GPN): Federal Bank’s new Musical Logo (MOGO) is the sonic essence of the brand in musical terms which evokes the core values, emotions and persona of the organisation. The sonic palette…
Mumbai, June 18, 2021 (GPN) – The Reserve Bank of India (RBI) has issued an In-principle approval to Centrum Financial Services Limited (Centrum), the established and profitable NBFC arm of the Centrum Group, to establish a Small Finance Bank (SFB). …
Ex- MLA & Bank’s Chairman, Vivekanand Shankar Patil MUMBAI, 16 JUNE, 2021 (GPN): The Enforcement Directorate (ED) on Tuesday arrested former MLA from Panvel, Vivekanand Shankar Patil, in connection with a Rs 512-crore bank fraud…
CHENNAI, MUMBAI, 14 JUNE, 2021 (GPN): (Rs. In Crores) 31.03.2021 (Q4)31.03.2020 (Q4)31.03.2021 (12 M)31.03.2020 (12 M)Operating Profit1724119758963534Net Profit / Loss350144831(8527)Deposits240288222952240288222952Gross Advances139597134771139597134771Investments98412820299841282029Business Mix379885357723379885357723CASA1021658975110216589751CASA Ratio42.52%40.26%42.52%40.26%Gross NPA 16323199131632319913Net NPA4578660345786603Net Interest Margin2.22%2.60%2.39%2.03%Gross NPA Ratio11.69%14.78%11.69%14.78%Net NPA Ratio3.58%5.44%3.58%5.44%Cost to Income Ratio49.58%54.43%48.54%59.21%PCR90.34%86.94%90.34%86.94%CRAR15.32%10.72%15.32%10.72%RoE21.33%19.63%13.21%(163.72)RoA0.50%0.20%0.31%(2.95)CD Ratio58.10%60.45%58.10%60.45% The…
Bangalore, 11th June, 2021 (GPN): “The IFSC codes of the erstwhile (e) – Syndicate Branches will change with effect from July 1, 2021. Customers have to use the new CANARA IFSC for receiving funds through NEFT/RTGS/IMPS. The…
Mumbai, 10th June, 2021 (GPN): Federal Bank announced an expanded strategic collaboration with Oracle and Infosys, a global leader in next-generation digital services and consulting, to provide an enhanced customer experience through Oracle CX (Customer Experience) platform. The…
The number of active loans in the sector stood at 4.26 lakh as of December 2020 Mumbai, 07 June, 2021 (GPN) : Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the…
MUMBAI, 05 JUNE 2021 (GPN): Amalgamation Completed along with Revamped and Strengthened Organization Structure. Net Profit stood at Rs 2022 Crore during FY21. Operating Profit increased Y-o-Y by 28.4% to Rs. 22980 Crore during FY21….
Mumbai, 1st June, 2021 (GPN): Federal Bank launched an exclusive NR savings account scheme for Seafarer segment. This scheme is specially curated and crafted for the mariners and offers best in class services clubbed with state-of-the-art digital banking…
Mumbai, 28th May 2021 (GPN): Canara Bank, the leading nationalized bank, in its Board of Directors meeting, held today i.e. 28.05.2021, has approved the Capital Raising Plan of the Bank for the Financial Year 2021-22 amounting up to Rs….
