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The Economic Times

RBI penalises CSB Bank, Union Bank of India, others

The Reserve Bank of India (RBI) has imposed penalties on five entities, including CSB Bank, Union Bank of India, and Muthoot Housing Finance, for non-compliance with regulatory norms. The penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into entities.

The Economic Times

Federal Bank leads in loan expansion among Kerala banks in Q1

Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8% rise in gross loans to Rs 25,099 crore while South India Bank's loan portfolio rose 11.4% to Rs 82,510 crore.

The Economic Times

Federal Bank leads in credit expansion among Kerala-based lenders

Federal Bank led in gross loan expansion with a 20% year-on-year increase to Rs 2.24 lakh crore by June's end. Meanwhile, CSB Bank recorded the highest deposit growth among Kerala-based lenders, marking a 22.4% rise to Rs 29,920 crore. Other banks like South Indian Bank also saw notable loan portfolio growth, with CSB Bank reporting a 17.8% increase to Rs 25,099 crore and South Indian Bank reaching Rs 82,510 crore, up 11.4%.