Page 53 of banking sector

Shares of Bandhan Bank plunge 10% as Q2 numbers disappoint Street

The lender on Friday reported a net profit of Rs 209.3 crore for the second quarter, against a net loss…

November 1, 2022 00:15 IST

business intelligence, data analytics, Banking, Financial Services, Insurance, BFSI industry

The role of business intelligence and data analytics in growth of BFSI

The use of big data analytics in the BFSI sector is expected to touch US$ 86.69 billion by 2027, growing…

October 31, 2022 19:09 IST

finance ministry, msme, finmin on msme, free trade agreements

Sustainability standards: Finmin urges banks to incentivise MSMEs

According to the latest data, outstanding credit to MSMEs jumped 24% as of August from a year before to Rs…

October 31, 2022 02:30 IST

NPA tag does not remove interest liability: NFRA

To ensure that such violations do not occur when firms make financial statements, the NFRA has issued a circular dated…

October 29, 2022 01:00 IST

Bank borrowings: NFRA cautions cos against violating norms on recognising interest expenses

Violations with respect to recognising interest expenses on borrowing has been observed by the regulator with respect to several companies.

October 28, 2022 18:16 IST

Bank liquidity deficit tops Rs 80,000 cr

Money market dealers pointed out the weighted average overnight rates had not topped the marginal standing facility (MSF) rate, of…

October 28, 2022 06:15 IST

SBI Card Q2 profit jumps 52%

SBI Cards’ capital adequacy ratio stood at 23.2%, compared to 25.0% in the year-ago period.

October 28, 2022 03:15 IST

RBI reviewing regulation of banks’ non-core business

Internal panel wants explicit division from core business; amendments to Banking Regulation Act likely.

October 28, 2022 02:00 IST

IDBI Bank sale: Last date for submission of queries extended by 13 days

The interested parties were earlier supposed to submit written queries by October 28.

October 28, 2022 01:05 IST

This was all because of a sharper rise in income than the increase in cost of goods, so affordability is the highest in 25 years.

‘Borrowers will get used to new rate structure in three-four months’

V Vaidyanathan, MD & CEO, IDFC First Bank, is optimistic that despite the rise in interest rates, the huge need…

Updated: October 28, 2022 17:10 IST

Tamilnad Mercantile Bank profit rises 37%, asset quality improves

The bank will be revising upwards its interest rates on advances and deposits and also pitching for government business.

October 28, 2022 00:15 IST

rbi, rbi on terrorist, terrorist funding, rbi on terror funding,

Report info on accounts of 10 terrorists to govt: RBI tells banks

On October 4, the Union Ministry of Home Affairs (MHA) had designated a total of 10 members of Hizbul Mujahideen…

October 27, 2022 16:24 IST

PSB consolidation did not impact financial inclusion goals: Rao

From a regulatory standpoint, Rao said there is a convergence between public and private sector banks.

October 26, 2022 02:20 IST

Two Russian banks open special vostro account for overseas trade in rupee

Gazprombank, or GPB, is a privately-owned Russian lender and the third largest bank in the country by assets.

October 23, 2022 12:35 IST

ICICI Bank Q2 consolidated net profit jumps 31 pc to Rs 8,006.99 cr

The bank scrip had closed 2.13 per cent up at Rs 907.15 apiece on the BSE on Friday, as against…

October 22, 2022 16:33 IST

Kotak Mahindra Bank Q2 profit rises 27 pc to Rs 2,581 cr

On a consolidated basis, the bank reported a 21 per cent rise in its net profit at Rs 3,608 crore…

October 22, 2022 15:43 IST

Yes Bank Q2 profit slips 32% on higher provisions; lender sees challenge in garnering deposits going ahead

The bank had posted a net profit of Rs 225.50 crore for the year-ago same period. In preceding June quarter…

Updated: October 22, 2022 17:00 IST

Union Bank of India net up 21%; provisions rise 4%

The increase in provisions of Rs 4,077 crore in Q2FY23 came on the back of higher provisioning on standard assets.

Updated: October 21, 2022 13:45 IST

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SME IPO Neochem Bio: From issue price, risk to valuation, check all details

Market30 min ago

Neochem Bio Solutions, a specialty performance chemicals manufacturer, plans to raise Rs 44.97 crores through an SME IPO by offering 0.46 crore shares. The IPO will close on December 04, with a price range of Rs 93 to Rs 98 per share. However, the company’s sole manufacturing unit in Ahmedabad, along with high working capital needs and delayed customer payments, poses a risk.

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