PSBs overtake private banks in credit growth, gain market share amid structural shift: SBI report
In contrast, credit growth at private banks slowed to 9.5%, the weakest since FY21, said a research report by the State Bank of India (SBI).
In contrast, credit growth at private banks slowed to 9.5%, the weakest since FY21, said a research report by the State Bank of India (SBI).
The Economic Offences Wing (EOW) of Delhi Police has arrested a businessman for allegedly siphoning off funds worth several crores from a private bank, officials said on Monday.
A fire broke out in a four-story building housing a private bank in Daryaganj area of Central Delhi. However, no casualties were reported in the incident, according to the Delhi Fire Services (DFS).
Indian Benchmark indices opened in negative territory as the Union budget proved to be a non-event to the market participants.
Analysts at Goldman Sachs said the steep correction in private bank stocks on Thursday after the fall post-election results, offers opportunities to accumulate private banks.
The consolidated net profit for the year ended March 2021 was Rs 31,833 crore, up 16.8 per cent over the previous fiscal year.
