Bandhan Bank to halve its microfinance portfolio over the next two years
The private sector lender intends to diversify to new geographies and add more than 500 branches, mostly in semi-urban and rural areas beyond East India, most likely UP and South India.
Frauds in PSBs dip 51 pc to Rs 40,295 crore; number of cases not falling fast enough: RBIAccording to the RBI data on frauds reported by PSBs in all categories during FY22, the highest amount of Rs 9,528.95 crore was reported by the city-based Punjab National Bank (PNB), involving 431 such incidents. The country's largest lender State Bank of India reported frauds worth Rs 6,932.37 crore in as many as 4,192 cases -- reflecting incidents of a large number of small value frauds.
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