In Q4FY22, Bank of India’s net profit increased 142.3 percent to Rs 606 crore
On improved net interest margins, the Bank of India‘s net profit increased 142.3 percent to Rs 606 crore in Q4FY22. In Q4FY21, it had a net profit of Rs 250 crore. The net profit for FY22 increased by 57.6% to Rs 3,405 crore from Rs 2,160 crore in FY21. Subject to shareholder approval, the board […]
Deposits in bank accounts opened under Jan Dhan scheme cross Rs 1.5 trn
Deposits in bank accounts opened under the Jan Dhan scheme, launched about seven and half years ago by the government, have crossed the Rs 1.5 lakh crore mark. As per the latest finance ministry data, the total balance in over 44.23 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was at Rs 1,50,939.36 crore at December end, […]
European banks still booking profits in tax havens, says report
By Administrator_ India Capital Sands Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday. The independent research body, co-financed by the European Union, said disclosures from 36 major European banks showed they booked […]
Banks’ NPAs in large industry, services dip 31% in over 2 yrs to Rs 4.3 trn
By Administrator_India Capital Sands Banks’ non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 lakh crore in June this year, Parliament was informed on Monday. On whether the non-performing assets of big industries and corporate houses have increased sharply as compared to small businesses due […]