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Fund raising plan boosts ICICI Bank

ICICI Bank rose 1.56% to Rs 568.35 after the private sector bank informed that its board will consider fund raising on 24 April 2021. In a regulatory filing made after market hours on Monday, the bank announced that the board of the bank at its meeting scheduled on 24 April 2021 will consider fund raising by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore certificate of deposits in single/multiple tranches in any currency through public/private placement. On the same day, the bank s board will also consider the financial results for the quarter and the year ended 31 March 2021. ICICI Bank is one of India s leading private banks. ICICI Bank had a network of 5,267 branches and 14,655 ATMs as at 31 December 2020.

Yes Bank deposits increase 54% YoY in Q4

The bank s loans & advances rose 0.8% to Rs 172,850 crore as on 31 March 2021 compared with Rs 171,443 crore as on 31 March 2020.Gross retail disbursement during the quarter jumped 154.73% to Rs 7,828 crore in Q4 March 2021 from Rs 3,078 crore in Q4 March 2020. Deposits increased by 54.7% to Rs 162,947 crore as on 31 March 2021 from Rs 105,364 crore on 31 March 2020. Sequentially, deposits rose 11.4% in Q4 March 2021 from Rs 146,233 crore in Q4 March 2020. The bank s CASA improved by 51.8% to Rs 42,587 crore as on 31 March 2021 from Rs 28,063 crore as on 31 March 2020. CASA/Total Deposits (excluding Certificate of Deposits) ratio stood at 27.3% as on 31 March 2021 as against 28.5% as on 31 March 2020. Liquidity Coverage Ratio (LCR) was at 122.7% as on 31 March 2021 as against 120% as on 30 December 2020 and 37% as of 31 March 2020.

Federal Bank gross advances up by 9% at Rs 1 35 lakh crore by March 2021, deposits up 13%

›Federal Bank gross advances up by 9% at Rs 1.35 lakh crore by March 2021, deposits up 13% Federal Bank gross advances up by 9% at Rs 1.35 lakh crore by March 2021, deposits up 13% SECTIONS Federal Bank gross advances up by 9% at Rs 1.35 lakh crore by March 2021, deposits up 13%PTI Last Updated: Apr 05, 2021, 03:12 PM IST Share Synopsis The CASA (current account and savings account) deposits of the south-based lender witnessed a 26 per cent growth year on year at Rs 58,381 crore as of March 31, 2021, as against Rs 46,450 crore a year ago. Private sector lender Federal Bank on Monday reported a 9 per cent increase in its gross advances to nearly Rs 1.35 lakh crore (Rs 1,34,876 crore) by the end of March 31, 2021.

Finance Ministry Lifts Embargo On Grant Of Govt Business To Private Banks

Finance Ministry Lifts Embargo On Grant Of Govt Business To Private Banks
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Broker s call: City Union Bank (Buy) - The Hindu BusinessLine

Broker s call: City Union Bank (Buy) | Updated on CMP: ₹171.75 City Union Bank Ltd (CUB), the oldest private sector bank in India, is a mid-sized commercial bank headquartered in Tamil Nadu, having a network of 700 branches and 1,780 ATMs spread across the country and a loan book size of ₹35,437 crore. Total Business grew by 8 per cent y-o-y with advances growing at 8 per cent supported by strong growth in ECLGS (Emergency Credit Line Guarantee Scheme) and gold loan. Net interest income grew 14 per cent with NIM improving by 20 bps y-o-y and 4 bps q-o-q. CASA ratio improved to 27.49 per cent (25.70 per cent during Q2-FY21) with savings deposit growing at 16.5 per cent q-o-q and demand deposit at 0.8 per cent.

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