banking amp finance News

Bandhan Finance to appoint consultants for banking foray soon

Presently, Bandhan Finance is serving 55 lakh borrowers and has 13,000 employees on its rolls.

Presently, Bandhan Finance is serving 55 lakh borrowers and has 13,000 employees on its rolls.

South Indian Bank's Q4 net down 19% at Rs 127 cr
South Indian Bank had reported Rs 153.83 crore profit in the Jan- March quarter of the previous fisc...

Credit-deposit ratio unlikely to slip under 75% this fiscal: DBS

For the first time in many years real returns on savings are back into the black in terms of headlin...

Credit quality should stabilise by year end

After L&T Finance declared a 8.8% y-o-y rise in its consolidated net profit, president and whole-tim...

Mangalore Chem gains 16% on open offer by Deepak Fert

The Mangalore Chemicals & Fertilizers (MCF) scrip gained more than 16% intraday on Wednesday after D...

Mahindra Finance net down 2.8% as auto slowdown bites

Mahindra Finance on Wednesday reported a consolidated net profit of R336.5 crore for the quarter end...
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FIPB defers HDFC Bank’s proposal to hike FDI limit
The Foreign Investment Promotion Board (FIPB) on Wednesday deferred a decision on HDFC Bank's propos...
Yes Bank evasive about 'talks' with L&T Finance for stake sale
L&T Finance is reportedly in 'talks' with Yes Bank to pick up a stake and possibly also merge the tw...
YES Bank net profit up 19% as lending to SMEs drives interest income
Private sector lender YES Bank on Wednesday posted a net profit growth of 18.8% y-o-y to R430.2 cror...
Saradha group chit fund scam: Sudipta Sen sent to judicial custody
Police did not seek his further remand for Sudipta Sen, the chairman of the Saradha Group.
Canbank VC picks up 25% in Gayatrishakti Paper for Rs 25 cr
Canbank Venture Capital Fund, the PE arm of the state-run lender Canara Bank, today picked up 25 per...
RBI panel moots centralised bill payment system
An RBI panel today made a case for centralised bill payment system catering to different financial i...
Cobrapost sting: NABARD chief gives clean chit to co-operative banks
RBI has maintained that no transaction has happened while the sting also does not point to money lau...
PSU banks may get additional capital infusion of Rs 7,000 cr
To further enhance capital base, the government is planning to make additional infusion of up to Rs ...
RBI or SEBI should create awareness against ponzi schemes: SBI
RBI...or SEBI should begin a major campaign in line with Jago Grahak Jago, says Pratip Chaudhuri.
Indian rupee at 61-level again as FII inflows slowdown
The Indian rupee depreciated by 31 paise to finish at one-month low at 61.07 against the dollar.
State Bank of India suggests RBI as single regulator for all home loans
A single regulator having same rules for all players would help remove regulatory arbitrage: SBI
10-15 pct cards used only for online transactions: RBI report
Credit cards have shown relatively slower growth even though they entered the market one decade befo...
ATM heist: India's IT sector in unwelcome spotlight
Global banks were already under pressure to step up oversight of back-office functions.
Set to enter big league, Bandhan to bank on core competence
With a loan book of about Rs 6,000 crore, Bandhan today has a network of 2,016 branches.
Indian rupee logs biggest fall in a week vs US dollar
Indian rupee commenced lower from previous close of 54.77 and immediately touched 55.00.
Yes Bank Q4 net profit up nearly 19 pct at Rs 430 cr
Yes Bank income rose to Rs 3,013 cr compared to Rs 2,667 cr in same period in previous fiscal.
Overseas business margins under pressure: SBI
State Bank of India today said it would review returns from its foreign and domestic business.
Indian rupee weakens past 61 agaist US dollar to 1-month low
Rupee tracks losses in regional currencies and is hurt by good demand for dollars from oil importers...
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