Page 21 of Banking

Shriram Finance aims to cross Rs 3 lakh crore in assets in FY26

Shriram Finance’s PAT jumps 96% on one-time gain

Shriram Finance allotted 69,513 equity shares (pre-split) under its employee stock option scheme 2023 at an exercise price of Rs…

January 24, 2025 18:52 IST

Interview| Interest rate cut will spur demand for home loans, says Girish Kousgi, MD and CEO, PNB Housing Finance

The focus is more on smaller cities than the metros as the housing finance company has exited super prime segments,…

January 23, 2025 12:59 IST

NBFC, AXIS, banks, Banking, US dollar, RBI, Reserve Bank of India,

‘Rate-cut cycle unlikely to begin soon unless liquidity improves’

In the corporate segment, with corporate India currently flush with liquidity, we are well-positioned as the primary banker for many…

January 22, 2025 01:15 IST

IOB, Banking, bfsi, Indian Overseas Bank, CASA, NSE, QIP, MSME

IOB profit climbs 21% on strong growth in interest income

The asset quality showed a significant improvement, with gross non-performing assets (NPA) as a percentage of gross advances reducing to…

January 21, 2025 02:30 IST

Central Bank of India, Future Generali India Insurance Company, acquisition, insurance sector, equity stake, company valuation, banking sector

Central Bank of India profit jumps 33%

Following the earnings announcement, shares of Central Bank of India rose 5% intra-day on the BSE, before closing at Rs…

January 21, 2025 00:30 IST

Kotak Mahindra Bank, NIM, banking, banks, bfsi, current account deposits, Savings account

Kotak Mahindra Bank expects NIM to improve

Kotak Mahindra Bank in October announced to cut the interest rate for savings accounts with balances of below Rs 5…

January 20, 2025 02:15 IST

Axis Bank, layoff, appraisal process, banking sector, Q4 results, profit, NII

Axis Bank shares tumble 6% on weak Q3 results

Among the Sensex shares, it was the second worst performer and the biggest loser in the BSE Bankex, which dropped…

January 18, 2025 02:30 IST

HSBC, layoff, investment banking, restructuring, analyst jobs

HSBC gets RBI nod for 20 new branches

“India is an important market for HSBC and wealth in India is a focus,” said Sandeep Batra, head of international…

January 17, 2025 20:21 IST

Tata sons, non-banking financial company, NBFC, Banking, RBI, Reserve Bank of India, IPO

Tata Sons listing hangs in balance

Bajaj Housing Finance was listed on the stock exchanges last year, while HDB Financial Services is currently preparing for its…

January 17, 2025 06:00 IST

banking, Bank of Maharashtra, BoM, Banks, BFSI, NPA, SEBI, shareholder

Next fundraise may reduce govt holding to below 75%: BoM MD

The public sector lender has to reduce the government holding to 75% and raise public shareholding to 25% by August…

January 17, 2025 02:00 IST

Axis Bank Q3 Performance: Mixed Analyst Reviews on Profit Growth and Valuation

Axis Bank’s net profit rises 4% to Rs 6,304 crore

The management highlighted that the new-to-bank acquisition engine for the savings franchise has strengthened this quarter.

January 17, 2025 01:00 IST

RBI, RBI MPC, rate cut, repo rate interest rate, CRR, liquidity, Sanjay Malhotra, Budget 2025, fiscal consolidation, inflation, GDP growth, OMO purchase

Liquidity on tap via daily VRR auctions

On Wednesday, the five-day variable rate repo (VRR) auction saw muted response, with banks borrowing just Rs 3,980 crore against…

January 16, 2025 06:00 IST

Bank Holidays 2025, List of Holidays in Feb 2025: Banks in India will remain closed for a total of 14 days in the month of February.

CEA among candidates for post of RBI deputy governor

The new deputy governor will replace Patra, who was one of the three central bankers on the six-member monetary policy…

January 16, 2025 05:15 IST

Sundaram Alternates, Sundaram Finance, Banking, funds, High Yield Secured Real Estate Fund

Sundaram Alternates raises Rs 1,000 crore for realty fund

The fund has attracted a diverse pool of investors across institutions, family offices, corporate treasuries and high net worth individuals.

January 16, 2025 01:45 IST

Bank Holiday, Bank Holiday Today, Are Bank Closed Today, List of Bank Holiday 2025, Bank Holiday January 2025

Are banks closed today and tomorrow for Lohri, Makar Sankranti? Details inside

Bank Holiday Today: Per Reserve Bank of India’s (RBI) holiday calendar, banks across the country will remain open today, however,…

January 13, 2025 10:34 IST

unsecured loans, loans, banking, q3 earnings

Unsecured loan slippages could dent banks’ Q3 earnings

Signs of stress in the banking system became evident in the second quarter, with several banks revealing plans to sell…

January 13, 2025 02:30 IST

Liquidity woes prompt RBI to hold largest VRR auction in a year

Due to cash squeeze in the banking system, the interbank call money rate jumped 55 basis points above RBI’s repurchase…

January 11, 2025 02:45 IST

MSME, Infinity Fincorp, BFSI, NBFC, RBI, banking, GST, income tax, digital payment

Infinity Fincorp loan book tops Rs 1K crore

Founded in 2016, Infinity Fincorp is primarily present in eight southern and western states, with the maximum number of branches…

January 9, 2025 02:00 IST

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Q2 results on October 9; all eyes on H-1B visa impact, rationale of planned layoffs

Business11 min ago

Indian IT sector set for steadier quarter with TCS, HCL Technologies, Persistent Systems, and Tech Mahindra announcing results. Kotak Institutional Equities expects 0.2-6% sequential growth and steady margins. Concerns include H-1B visa rules and impact of weak rupee. Focus on TCS’s planned layoff of 12,000 employees and Infosys’s expected 1.8% growth.

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