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The losses have widened because operating expenses of payments banks swelled even as their net interest income and non-interest income improved. (Image: Reuters)While the deposits collected by payments banks such as Paytm, Airtel, Jio…

The index gained ahead of a meeting between the Finance Minister and chiefs of public sector banks for Saturday.Shares of PSU banks are trading at a higher note with PSU Bank index gaining over 3 per cent  in early intraday trade Friday.…

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Considering the sugarcane production estimation in Maharashtra and drought in Marathwada, the production of cane is likely to be even lower this year.The government of Maharashtra has imposed a ban on the sale and transport of molasses…

The deteriorating asset quality of PVBs in terms of the GNPA ratio is due to the reclassification of IDBI Bank Ltd as a private bank.Non-performing assets of India’s banking sector declined after seven years in FY19 but the NPA of one…

Even the pharma stocks are likely to show improvement he said, adding that the pharma companies are expected to grow at 12-15 per cent.With the non-performing assets (NPAs) reducing, PSU bank stocks offer a good bet to investors going…

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JSW Steel (Netherlands) B.V. will continue to hold 10 per cent stake in Geo Steel LLC.JSW Steelon Friday said its Netherlands-based subsidiary will offload 39 per cent stake in joint venture firm Geo Steel LLC for USD 23.08 million. JSW…

IOB’s gross non-performing assets stood at 20 per cent (Rs 28,673.95 crore) of gross advances during the September quarter.Indian Overseas Bank(IOB) on Friday said it will get a fresh capital infusion of Rs 4,360 crore from the…

In the previous session, the 30-share gauge ended 297.50 points, or 0.72 per cent, lower at 41,163.76.The benchmark equity indices ended on a higher note Friday led by gains in banking stocks and HDFC twins amid positive global cues.…