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Bank of Maharashtra: The numero uno in terms of performance among public sector lenders

(BoM) has emerged as the top performer among the public sector lenders in terms of the loan and deposit growth in percentage terms during the first quarter of 2022-23. The Pune-headquartered lender recorded a 27.10 per cent increase in gross advances to Rs 1,40,561 crore at the end

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Bank of Maharashtra: The numero uno in terms of performance among public sector lenders

Bank of Maharashtra (BoM) has emerged as the top performer among the public sector lenders in terms of the loan and deposit growth in percentage terms during the first quarter of 2022-23. The Pune-headquartered lender recorded a 27.10 per cent increase in gross advances to Rs 1,40,561 crore at

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Lower bad loans push PSU banks’ profitability in June quarter

Public sector banks have raked in more profits in the three months ended June on the back of a persistent decline in bad loans and the trend may have a positive bearing on their balance sheets in the coming quarters. In the June quarter, (BoM) and ()

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PSBs clock 9% rise in profit to Rs 15,306 crore in April-June

All the 12 public sector banks earned a cumulative profit of about ₹15,306 crore, registering a 9.2% growth annually, despite poor showing by large lenders like and . During the April-June period of the previous fiscal, state-owned banks recorded a total profit of ₹14,013 crore, according to quarterly

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Awaiting growth capital, PNB Housing may re-enter corporate loans at appropriate time: MD&CEO Prasad

A Rs 2,500-crore rights issue in the pipeline and healthy CRAR may provide leeway to PNB Housing Finance to re-enter the high-yielding corporate loans that it stopped two years back, a top company official said. The Bank-promoted housing finance company (HFC) presently has a corporate loan book size

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PNB MetLife announces Rs 594 crore bonus to policyholders for FY22

PNB MetLife India Insurance Company Limited (PNB MetLife) on Thursday announced a bonus of Rs 594 crore for all eligible policyholders of participating products for fiscal year ended March 2022. A policyholder bonus is the share of profits generated by the company's participating fund, which is paid to customers

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RenewBuy appoints Nishant Mehta as chief business officer

Insurtech company RenewBuy has brought on board Nishant Mehta as its chief business officer, said a statement issued today. The appointment is in line with the company’s vision of accelerating its business growth and footprint across the country. In his new role, Mehta will be responsible for driving new growth

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