Page 53 of Banking

Mutual funds’ collects Rs 63,854 crore through NFOs in 2023

In comparison, Asset Management Companies (AMCs) garnered Rs 62,187 crore through 228 New Fund Offerings (NFOs) in 2022.

January 29, 2024 15:41 IST

ICICI Bank, Kotak Mahindra Bank, Axis Bank, HDFC Bank, Reserve Bank of India, RBI, top news, latest news, business news,

Private banks grow personal loan book aggressively

Leading banks like ICICI Bank, Kotak Mahindra Bank and Axis Bank have grown their books 37%, 32% and 28% yoy,…

January 27, 2024 06:00 IST

Fintechs, Diverse business models, SROs, industry, Digital Lenders Association of India, DLAI, Fintech Convergence Council, Payments Council of India(FCC), Fintech Association for Consumer Empowerment(FACE), Digital Lenders Association of India(DLAI),

Diverse business models: Fintechs will need multiple SROs, industry

Earlier in January, RBI issued a draft framework that lays down broad functions, governance standards, and eligibility criteria for setting…

January 27, 2024 01:00 IST

Indian Bank, top news, latest news, business news, top business news,

Aiming for 12 per cent credit growth by fiscal end: Indian Bank MD & CEO

Speaking to select mediapersons, Jain said during the last nine months, the bank has been able to keep the momentum…

January 26, 2024 01:40 IST

Reserve Bank of India, RBI, marginal standing facility, MSF, variable rate repo, VRR, top news, latest news,

VRR auction gets bids worth over Rs 3 trillion

The central bank accepted bids at 6.72% cut-off, which is lower than the MSF (marginal standing facility) rate of 6.75%.

January 26, 2024 00:50 IST

RBI, Nirmala Sitharaman, Finance Minister, State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, YES Bank, IDFC First Bank, HSBC, top news, latest news, industry news, banking news,

Govt, RBI actively engaged on digital currency: FM Nirmala Sitharaman

Besides, RBI has already rolled out a pilot in the retail version of CBDC or the e-rupee on December 1,…

January 25, 2024 19:13 IST

Liquidity deficit at a 14-year high of Rs 3 trillion

Month-end GST outflows have also added to the liquidity tightness,” Ajay Manglunia, managing director and head —investment grade group, JM…

January 25, 2024 06:00 IST

Canara Bank, HSBC Life Insurance, top news, latest news, business news, banking news,

Interview: Canara Bank MD and CEO K Satyanarayana Raju; ‘Keen on listing MF and life insurance arms in FY25’

Our board has approved the IPO for Canara Robeco, and the proposal of Canara HSBC IPO is coming to the…

January 25, 2024 04:30 IST

PNB Housing, PNB Housing profit, top news, latest news, business news,

PNB Housing PAT rises 26% on strong AUM growth

The net profit of PNB Housing Finance rose 26% year-on-year in October-December due to a growth in assets under management.

January 25, 2024 02:50 IST

Indian Bank, Net interest income, NII, return on equity, top news, latest news, business news,

Indian Bank net up 52 per cent to Rs 2,119 crore

Net interest income (NII) of the bank increased by 6% to Rs 5,815 crore from Rs 5,499 crore while fee…

January 25, 2024 02:40 IST

Indian Overseas Bank, IOB net profit, top news, latest news, business news,

High interest income, recovery boost IOB net profit

Indian Overseas Bank (IOB) on Wednesday reported a 30.2% rise in its net profit to Rs 723 crore for the…

January 25, 2024 00:15 IST

UCO Bank, UCO Bank Q3 profit, top news, latest news, industry news, banking news,

UCO Bank Q3 profit dips 23 per cent to Rs 505 crore on wage provisions

UCO Bank on Wednesday reported 23 per cent decline in consolidated net profit at Rs 505 crore for December quarter…

January 24, 2024 18:34 IST

Larsen & Toubro, L&T, Hydrocarbon business, order, EPC, residential developments

L&T Finance Holdings consolidated PAT rises 41%

The consolidated net profit of L&T Finance Holdings rose 41% year-on-year (y-o-y) in the October-December quarter owing to a growth…

January 24, 2024 04:50 IST

IDFC First Bank MD sees CD ratio below 100 per cent in FY25

Private sector lender IDFC First Bank will lower its credit-deposit ratio (CD) to below 100% in Q4FY24 and continue to…

January 24, 2024 04:20 IST

MFIs, banking news, banking financial express, Muthoot Microfin

MFIs will continue to face perception challenges: Muthoot Microfin CEO

Following the Andhra Pradesh crisis in 2010, various measures have been adopted to give a proper structure to the microfinance…

January 24, 2024 03:10 IST

With advanced data-led API solutions, Nexensus empowers BFSI-CISO and NBFCs to make proactive business decisions and stay ahead of the competition.

Banking tech firms capitalise on lenders’ digital push

Banking technology companies have witnessed a strong demand for their services as banks look to increase the pace of technology…

January 24, 2024 02:40 IST

ICICI Bank, top news, latest news, business news, banking news,

ICICI Bank plans to moderate hiring growth

The second-largest private bank added around 1,700 employees in the third quarter, compared with 10,000 employees in the first half…

Updated: January 24, 2024 17:36 IST

ICICI Bank, HDFC Bank, top news, latest news, business news, banking news,

ICICI Bank commands more premium than HDFC Bank

ICICI Bank reported an earnings growth of 25% year-on-year for the December 2023 quarter, driven by a 10% YoY growth…

January 24, 2024 00:30 IST

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Home-schooled in village, bullied by peers: Maithili Thakur’s inspiring journey

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Maithili Thakur, the 25-year-old singer from Bihar, is making headlines once again as she is rumored to be contesting in the Bihar Assembly Election 2025 from her home constituency, Madhubani. BJP in-charge for Bihar, Vinod Tawde, shared pictures of his meeting with Maithili and her father, along with Union Minister of State for Home, Nityanand Rai, in New Delhi. Maithili rose to fame after her

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