Page 15 of Banking, Financial Services and Insurance (BFSI)

IDBI Bank, Banking, BFSI, Share Purchase Agreement, Kotak Mahindra Bank, Fairfax India Holdings

IDBI Bank financial bids likely in Q4

In the event of a bank winning the bid to acquire IDBI Bank, the promoters would be given reasonable time…

October 22, 2024 02:45 IST

PhonePe, UPI, Merchant Discount Rate, Fintech, digital payment, Bank

PhonePe reduces customer service team, cashbacks to cut losses

The company noted that around 10% of its revenue comes from subsidies the government grants to banks and fintechs in…

October 22, 2024 01:00 IST

Bank of Maharashtra, Central Bank of India, Indian Overseas Bank, Punjab & Sind Bank, UCO Bank, Banking

Finance Minister approves 64 new CGM posts in public sector banks

The increase of CGM posts will enhance the capability of banks to better monitor critical positions such as digitalisation, cyber…

October 22, 2024 00:45 IST

Union Bank, Banking, gross non-performing assets, MSME, NPA

Union Bank of India Q2 net profit grows 34 per cent to Rs 4,720 crore

The lender improved its asset quality, with the gross non-performing assets (GNPA) ratio declining to 4.36% as of September 30,…

October 21, 2024 22:34 IST

hdfc bank, hdfc, hdfc credit growth, banking

HDFC Bank braces for slower credit growth this year

The bank’s management has previously stated its intention to grow advances at a slower pace than deposits it aims to…

October 21, 2024 02:30 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

Kotak, standard chartered bank, Bank, banking, BFSI, Microfinance

Kotak Bank to buy Standard Chartered’s Rs 4,100-crore personal loan book

As of June 2024, Kotak Mahindra Bank’s personal loans, consumer durable loans, and business loans totalled Rs 20,317 crore, while…

October 19, 2024 03:45 IST

RBI, IOB, Indian overseas bank, Reserve bank of India, Bank, Banking

Banks’ NII to take a hit in rate-cut cycle: IOB chief

Anticipating the impact, IOB bank has already started working on the additional run-off factor as proposed in the guidelines. Salary…

October 19, 2024 01:45 IST

National Bank for Financing Infrastructure and Development, Banking, Banks, PSB, Public sector banks, RBI, NaBFID

PSBs may go slow on infra loans on FM’s nudge

Experts also believe that specialised infrastructure finance institutions, which are backed by the government, are more suited to finance long-term…

October 18, 2024 00:05 IST

Indian Overseas Bank, IOB, Banking, Bank, CASA deposits, Non-interest Income

Indian Overseas Bank Q2 profit soars 24% to Rs 777 crore on interest income

CASA and retail term deposits account for 94% of IOB’s total deposits, while the remaining 5-6% comes from bulk deposits.

October 17, 2024 20:27 IST

ICAI’s new standards legally void: NFRA

NFRA board, including members like SEBI, CAG and RBI, is of the opinion that SQMs have to be notified as…

October 17, 2024 05:15 IST

Fintech Association for Consumer Empowerment, FACE, Banking, Bank, RBI

FACE won’t take fintechs involved in cryptos as members

Once the SRO has a critical mass in different fintech categories, it will have dedicated working groups and forums of…

October 17, 2024 05:00 IST

NBFC, AUM, net interest margins, Non-banking financial companies, Banking

NBFC profit growth may take a hit on rise in credit costs

Although net interest margins (NIMs) are expected to improve by 12 bps QoQ, funding cost pressures are likely to affect…

October 17, 2024 03:30 IST

NBFC, Banks, Banking, RBI, Reserve Bank of India, NBFCs

EXPLAINER | Why NBFCs need to tread with caution

Over the last decade, NBFCs have shown resilience amidst systemic shocks like Covid-19 and the IL&FS crisis thanks to crucial…

October 17, 2024 02:45 IST

Welspun Corp, US, order, order book, coated pipes, Natural Gas Pipeline Projects

NBFCs step up purchase of short-term g-secs to comply with LCR norms

Since a significant portion of deposits in deposit-taking NBFCs consists of shorter tenures, they generally prefer to purchase government bonds…

October 16, 2024 02:15 IST

NSE, Banking, RBI, ESMA, Reserve Bank of India, EU

RBI-ESMA talks to go beyond October

The domestic clearing houses that had been identified for de-recognition by ESMA include Clearing Corporation of India, Indian Clearing Corp,…

October 15, 2024 23:40 IST

HDFC Bank Date and Time: The Q2 results will be announced soon.

HDFC Bank Q2 Results 2024: Date, Time, and Where to Watch

The HDFC Q2 earnings report is essential for stakeholders, as it highlights the bank’s revenue, net profit, asset quality, and…

Updated: October 14, 2024 18:32 IST

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Page 15 of Banking, Financial Services and Insurance (BFSI)

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