Mumbai, April 30 (IANS) State-owned Union Bank of India on Thursday dismissed recent media reports regarding variations in deposits, stating that the claims are based on an unverified letter and contain factual inaccuracies.In a clarification statement, the bank said its financial statements undergo rigorous audit processes and have received unmodified audit opinions, confirming a true and fair view in line with regulatory and accounting standards.The bank said that it continues to focus on depo…
Latest CASA deposits News & Updates
Mumbai, April 4 (IANS) HDFC Bank on Saturday reported a widening gap between credit and deposit growth in the March quarter, as strong loan expansion continued to outpace relatively slower deposit mobilisation, keeping the bank’s credit-deposit ratio elevated.The bank’s gross advances rose around 17 per cent year-on-year (YoY) to nearly Rs 25 lakh crore as of March 31, compared to about Rs 21.4 lakh crore a year ago, according to an exchange filing.On a sequential basis, loan growth remained…
Mumbai, Jan 17 (IANS) IDBI Bank on Saturday reported a 46.6 per cent quarter-on-quarter (QoQ) decline in its standalone net profit for the December quarter of the current financial year (Q3 FY26).The bank posted a profit of Rs 1,935.45 crore for the quarter ended December 31, as compared to Rs 3,627.36 crore in the July–September quarter (Q2) of FY26.However, on year-on-year basis, the bank’s profit was up by 1.42 per cent from Rs 1,908.27 crore in the same period last financial year (Q3 FY2…