Bandhan Bank Reports 65% Drop in Q1 Net Profit

Bandhan Bank sees a 65% decline in net profit for Q1 FY26 due to stress in microfinance portfolio, with net interest income slipping and provisions rising.

Tax-Free Sikkim: Residents Earn Crores Tax-Free

Learn about Sikkim, the only Indian state where eligible residents can earn crores without paying any income tax, backed by unique historical and constitutional provisions.

Indian Banks Face Rising Defaults in Microfinance Sector

Indian banks are experiencing a surge in defaults in the microfinance sector, leading to heightened stress in unsecured loans. Banks are increasing provisions and slowing down lending to mitigate risks.

Canara Bank Reports 12% Rise in Net Profit in Q3

Canara Bank's standalone net profit increased by 12.25% in Q3 FY25, reaching Rs 4,104.20 crore, with a decline in Net Interest Income. The bank's total income and provisions also saw notable changes.

RBL Bank's Net Profit Plummets 86%

RBL Bank's quarterly profit drops to ₹33 crore due to additional provisions for microfinance loans, impacting NIM and NII, plans to stabilize loan growth.

Axis Bank Q3 Results: Net Profit Grows 3.8%, Interest Income Up 11%

Axis Bank reports a 3.8% increase in net profit for Q3FY25, with interest income rising by 11%. The bank's operating profit grows by 15% YoY, while provisions for bad loans stand at Rs 2,156 crore.