Page 10 of Banking and Finance News

IndusInd Bank promoter plays down discrepancies; says “nothing wrong with management"

IndusInd Bank promoter Ashok Hinduja plays down discrepancies; says “nothing wrong with management”

The IndusInd Bank promoter seem unfazed by the derivative discrepancies in the book. In a conversation with a TV channel,…

Updated: March 11, 2025 15:59 IST

IndusInd Bank shares, IndusInd Bank share price, IndusInd Bank shares, IndusInd Bank stock performance

IndusInd Bank plunges 25%, biggest single-day crash; Brokerages slash target price by 30%

Worrying times for IndusInd Bank. Brokerages downgrade stock on concerns that about a negative derivatives’ disclosure and its impact.

March 11, 2025 08:57 IST

MCA invites applications for NFRA chairperson appointment.

MCA invites applications for NFRA chairperson and three full-time members

The Ministry of Corporate Affairs (MCA) is seeking applications for the next chairperson and three full-time members of the National…

March 1, 2025 05:00 IST

New India Cooperative Bank embezzlement case: Three accused remanded in EOW custody till February 28

The court also sent Abhimanyu Bhoan, the former CEO of the bank, to police custody until the same date.

February 21, 2025 21:15 IST

On Saturday, Mumbai police apprehended Hitesh Mehta, the general manager and head of accounts at New India Cooperative Bank/ Representational Photo. (Image Source: PTI)

New India Co-operative Bank’s GM Hitesh Mehta arrested for Rs 122 crore fraud

Mumbai police arrested Hitesh Mehta, GM and head of accounts at New India Cooperative Bank, for allegedly embezzling Rs 122…

February 15, 2025 21:01 IST

Mis-selling of products to be taken very seriously: RBI Guv cautions banks

Mis-selling of products to be taken very seriously: RBI Guv Sanjay Malhotra warns banks

In his post-MPC meet presser, the RBI governor came down heavily on regulated financial entities, including banks and insurance companies,…

February 7, 2025 13:07 IST

Tax clarity on carried interest for AIFs is still pending. (Image Source: Freepik)

AIFs still awaiting tax clarity on carried interest

Despite tax clarity on income from Category I and II AIFs, the taxation of carried interest remains unclear, causing uncertainty…

February 4, 2025 02:15 IST

Rising share of unsecured loans in NPAs a worry

According to the Reserve Bank of India’s latest financial stability report, nearly half of the borrowers with credit cards and…

February 1, 2025 06:01 IST

tmb, industry, casa, banking and finance, Tamilnad Mercantile Bank

TMB forms transaction business group to grow CASA deposits

TMB on Wednesday reported a 6% rise in its Q3 net profit to ₹300 crore. While total deposits grew 8%…

January 31, 2025 00:05 IST

Top 5 banking trends in 2025: A look at what's going to impact BFSI sector the most this year

Top 5 banking trends in 2025: A look at what’s likely to impact BFSI sector the most this year

The BFSI sector has seen rapid digitalisation in 2024 and most industry experts believe that evolving scope through AI and…

Updated: January 6, 2025 10:32 IST

NBFCs and MSME Lending in India: A Key Partnership for Economic Growth

“NBFCs play a crucial role in supporting India’s MSMEs by addressing financing challenges and helping them drive economic and social…

December 24, 2024 14:53 IST

Banking worries! Credit growth falters, may stabilise around 11-12% for FY25, says SBI

The report indicates a sharp decline in both incremental credit and deposits compared to the previous year, pointing to a…

Updated: December 3, 2024 10:46 IST

Most Searched Topic in November for Banking Segment. (Image Source: Canva)

ICICI Bank, IDBI Bank, interest rates in list of most trending topics on Google Trend in November

In the month of November, there were five topics that were searched most on Google, as per the data of…

November 21, 2024 10:23 IST

Indian Bank raises Rs 5,000 crore in long-term infra bonds

The bank accepted bids for Rs. 5,000 Crores at a coupon of 7.12% p.a.

October 26, 2024 02:45 IST

Cholamandalam Investment Q2 net profit up 26% to Rs 963 crore

Total expenses of the lender also went up by 40% to Rs 4,994.17 crore in the latest quarter. Of this,…

October 25, 2024 22:04 IST

HDFC to sell up to Rs 10,000 crore shares in HDB Financial IPO

HDB Financial Services is coming with an IPO to comply with the Reserve Bank of India’s mandate in October 2022,…

October 20, 2024 06:00 IST

Dhanlaxmi Bank, banking, Dhanlaxmi, Dhanlaxmi Bank financial report

Dhanlaxmi Bank posts Q2 net profit of Rs 26 crore

The bank’s total business stood at Rs 25,650 crore as of September 2024 quarter. Of this, total deposits were at…

October 20, 2024 01:00 IST

Darpan Sanghvi (left) and Deep Bajaj (Right). Good Glam Group acquires Sirona Hygiene, Plans to expand internationally. (Image Source: PR Handout)

Good Glam Group acquires Sirona Hygiene for Rs 450 crore

Good Glam Group has acquired Sirona Hygiene for Rs 450 crores (approximately $60 million) in an all cash deal. It…

October 11, 2024 13:43 IST

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CDSL Q2 FY26 profit falls 13.6% to Rs 140 crore, revenue down slightly

Business55 min ago

CDSL reported a 13.6% profit decline in Q2 FY26, with a consolidated net profit of Rs 139.93 crore. This is a decrease from last fiscal year’s net profit of Rs 161.95 crore. Additionally, the company’s consolidated revenue from operations also dropped by 1.05%. However, over 65 lakh new demat accounts were opened in Q2 FY26, bringing the total to over 16.51 crore.

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