Banking Sector

Shri C S Setty, Chairman of SBI, emphasised the increased participation and diversity of bids, demonstrating investors' trust in the bank.

Gross non-performing assets (NPAs) ratio fell considerably, with the lender lowering its FY25 gross NPA projection to 4% from 5% previously.

Tata Power Solar & Bank of India partner to provide affordable financing to accelerate installation of Rooftop Solar and EV Charging Stations.

AU Small Finance Bank's pre-provisioning operating profit (PPoP) increased by 81% year on year to ₹988 Crore, up from ₹546 Crore in Q1 FY24.

Paytm Payments Bank (PPBL) restrictions by RBI impacting business significantly.

SBI stated that the profits from the bonds will be used to increase long-term resources for funding infrastructure and affordable housing.

Bank of Baroda reported a 2.3% increase in net profit for the fourth quarter of FY24. The bank achieved a net profit of ₹4,886.5 Crore.

Retail loans surged by ₹18,600 Crore during the quarter, while commercial and rural banking loans jumped by ₹7,200 Crore.

Gross non-performing assets (GNPAs) were reported 1.47% in the fourth quarter, compared to 1.22% in the third quarter of FY24.

. This fundraising will take place in one or more tranches, and it will account for up to 15% of the bank's post-issue paid-up equity share capital.