Manappuram Finance posts marginal rise in Q2 profit Total assets under management grew 17.4% to Rs 45,716 crore, with gold loans accounting for 53% of total assets, followed… 11 months agoNovember 5, 2024
Chola focuses on diversification to grow: CFO Vehicle sales across categories, including commercial, passenger and construction equipment, experienced a muted or negative growth in Q2FY25. 11 months agoNovember 4, 2024
Govt invites applications for RBI deputy governor post The candidate applying for the post of deputy governor of the RBI should not be 60 years of age as… 11 months agoNovember 4, 2024
Sundaram Finance Q2 profit slips 7 per cent to Rs 340 crore On a consolidated basis, Sundaram Finance net profit grew 24% to Rs 406 crore during Q2FY25 while revenue from operations… 11 months agoNovember 4, 2024
Private banks provisioning due to MFI stress on the rise This is in line with the Reserve Bank of India’s (RBI) directions that banks and NBFCs involved in microfinance lending… 11 months agoNovember 3, 2024
Bill to raise insurance FDI, launch composite licence in winter session Among other changes that will lead to the growth of insurance penetration in the country, capital requirements may be lowered… 11 months agoNovember 3, 2024
Increased compliance for banks under RBI’s revised master directions on fraud While compliance with the RBI’s 2024 Fraud Risk Management Master Directions will undoubtedly increase the operational burden on banks, the… 11 months ago
Want to be selective about project financing: MD Canara Bank For loans above Rs 2 crore, we have centralised the process and created MSME hubs in 163 centres, instead of… 11 months agoOctober 30, 2024
Rising unsecured loan defaults return to haunt lenders According to bankers, individuals who have taken more than two personal loans have been hit hardly and are unable to… 11 months agoOctober 30, 2024
Indian Bank logs Rs 700 crore profit from PSL certificates sale The increase in PSL can be attributed to Indian Bank’s ongoing emphasis on the retail, agriculture and MSME (RAM) segment… 11 months agoOctober 29, 2024
FinTech: Build institutions first, Disrupt later The FinTech industry aims to disrupt financial services with innovative solutions, but regulatory actions by the Reserve Bank of India… 11 months ago
Canara Bank Q2 Results: Standalone profit rises by 11.3% to Rs 4,014.53 cr, NII at Rs 9,315.3 cr; asset quality improves Canara Bank posted total income during the quarter in review at Rs 38,006.05 crore, up 12.1 per cent from Rs… 11 months ago
We have cherry-picked MSME clients: PNB MD As of date, around 48% of the book is linked to either the repo or the T-bill. Around 4 lakh… 11 months agoOctober 28, 2024
PNB profit more than double as provisions fall Global deposits registered a growth of 11.33% on a Y-o-Y basis to Rs 14,58,342 crore. Global yield on advances was… 11 months agoOctober 29, 2024
Indian Bank profit climbs 36 per cent on higher interest income The retail, agriculture and MSME (RAM) segment accounted for 63% of the bank’s Rs 5.13 lakh-crore domestic advances while the… 11 months agoOctober 28, 2024
BFSI sector marred by background check discrepancies, study reports 10.4% rise during FY24 The employment verification discrepancies are the most prevalent, accounting for 14.6 per cent of inconsistencies, followed by education verification discrepancies. 11 months ago
IDFC First Bank’s net profit plunges 73% due to rise in provisions Advances increased by 22% year-on-year to Rs 2.22 lakh crore, driven by growth in retail loans, which grew 25%, and… 11 months agoOctober 26, 2024
Breaking the mould: How insurance firms can innovate for growth In future, the insurance industry will see plenty of innovation and hyper-personalised products based on data. 11 months ago
