Page 35 of banking sector

Account aggregator, Account aggregator transactions, banking sector, nbfc,

Account aggregator transactions soar as lenders disburse Rs 6K cr

About 8 million accounts have already been linked to account aggregators so far, while 10 million consent requests have also…

May 26, 2023 01:00 IST

rbi, uncliamed deposits, multiple bank accounts, bank KYC details,

UNCLAIMED DEPOSITS: Get back the money you forgot

You can soon search for it at the new centralised web portal

May 26, 2023 00:30 IST

Strong performance of Indian banks to continue: S&P

S&P Global Ratings on Thursday said Indian banking sector profitability will stabilise at a healthy level, and asset quality will…

May 25, 2023 17:01 IST

HDFC Bank merger in 4-5 weeks; bank’s margin to drop, say analysts

The bank expects NIM – a key profitability measure – to fall to 3.7%-3.8% in 2023-24 from 4.1% a year…

Updated: May 25, 2023 14:18 IST

Bank of Maharashtra tops PSU lenders chart in profit and loan growth in FY23

The Pune-headquartered lender also recorded highest growth in profitability with bottomline growing almost 126 per cent to Rs 2,602 crore…

May 25, 2023 12:05 IST

services sector, manufacturing, economic growth, RBI, liquidity, export restrictions, domestic demand, monsoon, rate hike, tax collections, GDP growth

Banking funds top charts, outperform other sectoral plans

Among thematic funds, PSU funds returned 24.7% and consumption-oriented schemes clocked returns of 15.8% during the period.

May 25, 2023 02:50 IST

banks, profit, margin, lending margins, RBI, Rs 2000 note, currency, low cost deposits

Banks set for profit boost as RBI withdraws Rs 2000 note; Rs 2 trillion worth deposits expected by September

The Reserve Bank of India’s move to withdraw the 2,000 rupees ($24) notes will lead to growth in deposits at…

May 23, 2023 14:47 IST

Provide shade and water to those exchanging or depositing Rs 2,000 notes: RBI to banks

It can be noted that during the note ban in 2016, there were allegations of customers dying while waiting in…

Updated: May 22, 2023 12:22 IST

Double-digit rise in top banks’ loans

While SBI’s advances rose 16% y-o-y to Rs 32.69 trillion as of March-end, HDFC Bank’s grew 17% to Rs 16…

May 22, 2023 02:40 IST

Kotak Mahindra Bank, Kotak Mahindra Bank news, Kotak Mahindra Bank housing portfolio,

Kotak Bank to grow affordable housing portfolio

As on March 31, unsecured retail advances stood at 10% of overall advances. The bank intends to take the unsecured…

May 20, 2023 01:00 IST

Deposit rates have not peaked yet: Bankers

The weighted average domestic term deposit rate on fresh rupee term deposits rose 23 bps to 6.48% in March 2023…

May 20, 2023 00:15 IST

Bandhan Bank’s net profit at Rs 2,194 cr jumps 17-fold for FY’23

The lender, however, posted a 57.5 per cent fall in its net profit to Rs 808 crore in the fourth…

May 19, 2023 21:27 IST

Bank of England, UK interest rate, economy, inflation, Monetary Policy Committee, investors, mortgage costs, borrowing costs, quantitative easing, financial crisis, Goldman Sachs

Bank of England won’t return balance sheet to pre-financial crisis levels, Bailey warns

The BOE is currently unwinding about £20 billion ($25 billion) of quantitative easing every three months, both as assets mature…

May 19, 2023 10:40 IST

State Bank of India, SBI, SBI quarter results, Q4FY23 results, profit, revenue, income, NII, provisions, NPA, dividend, banking sector

SBI Q4FY23 profit jumps 83.5%; NII up 29.5%

SBI posted a total income of Rs 1,36,852.39 crore during the fourth quarter, up 26.7 per cent from Rs 1,08,034.68…

May 18, 2023 14:04 IST

Nomura cuts 2025 profit target as banking turmoil curbs expansion hopes

The sharp revisions came after the banking crisis roiled financial markets and hammered Nomura’s investment banking business, which it had…

Updated: May 18, 2023 13:33 IST

Banks look to take acquisition route to build MFI book

Collaboration is another option for lenders

May 18, 2023 01:20 IST

Indian currency, Russia, DGFT, RBI, Rupees, Economy

Credit card spend in forex to come under RBI’s remittance scheme

Earlier, the usage of international credit cards (ICCs) for making payments for fulfilling expenses during travel outside India was not…

May 17, 2023 18:27 IST

Bank of Baroda ‘well protected’ for switch to RBI’s new loan-loss proposal: CEO Sanjiv Chadha

The state-run lender’s credit cost, the projected quantum of potential losses on total loans, was at 0.14% in the January-March…

Updated: May 17, 2023 14:55 IST

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Morepen Labs gets show-cause notice from the tax authorities for Rs 177 crore GST refund

Business42 min ago

Morepen Laboratories received a show-cause notice for alleged GST rule violations and excess refund of Rs 1,17,94,03,452. The company has responded stating that the refund was claimed as per GST Act and the notice has no merit. The company’s stock has seen a decline in the past month, 6 months, and one year. In Q2 FY26, the company reported a net loss.

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