Page 69 of Banking

Barclays warns pressure building on UK retail bank, lifts buyback

The British bank reported first-half pretax profit of 4.6 billion pounds ($6 billion), in line with the average analyst forecast…

Updated: July 27, 2023 14:36 IST

Loan repayment: Banks advised against “merciless” steps, says Finance Minister

Sitharaman recently said that both banks’ balance sheets and the corporate finances were in an advantageous position and that momentum…

July 25, 2023 02:15 IST

AU Small Finance Bank posts 44% rise in profit

Gross advances rose 29% y-o-y to Rs 63,635 crore as on June 30. Of the total advances, vehicle loans formed…

July 24, 2023 04:40 IST

Private banks go slow on growing their corporate loan book due to lower yields

HDFC Bank’s wholesale loan book grew 11% year-on-year (y-o-y) to Rs 4.04 trillion as of June 30, but de-grew sequentially…

July 24, 2023 02:45 IST

RBL Q1 net profit jumps 43 pc to Rs 288 crore; aims to reduce unsecured loans share

The bank is aiming to expand the NIMs further to 5 per cent going forward on the back of a…

July 22, 2023 18:17 IST

Yes Bank, appointment, resignation, country head, banking sector, hiring

Yes Bank net profit rises 10.3 pc as bad loan pile plunges to 2 pc

The bank has plans to open 150 branches this fiscal.

Updated: July 22, 2023 17:27 IST

Bank ETF: An efficient way to tap into value unlocking in banking

Banking still remains an under-penetrated segment in India as compared to global standards. As India moves ahead to become a…

July 22, 2023 08:40 IST

Entrepreneurial flair vs fraud

While banks must certainly watch for risks—something at which they have failed miserably—the fact is that too many promoters are…

July 22, 2023 06:00 IST

Gold loans to form 30% of overall advances by FY30, says CSB Bank MD

“Till FY25, our gold loan segment will continue to have a large share and then gradually other businesses will start…

July 22, 2023 03:00 IST

Speed up loans to street vendors: DFS secretary tells PSBs

Under the scheme, 5.34 million applications have been sanctioned while 5.05 million applications have been disbursed amounting to `6,472 crore as…

July 21, 2023 06:41 IST

RBI MPC, MPC meeting, monetary policy, interest rate, repo rate, inflation, CPI inflation, food inflation, vegetable prices, unseasonal monsoon, supply chain, US Fed

RBI asks banks to report all digital frauds, and not just over Rs 1 lakh

According to the RBI’s FY23 annual report, even as the overall value of frauds reported by Indian banks halved from…

July 21, 2023 00:05 IST

The doom of Monsoon! Here’s how you can protect yourself and your loved ones from damages

The recent spate of deathly events following the heavy rainfall and floods in India have once again put a fresh…

Updated: July 21, 2023 10:40 IST

Unified Payments Interface goes international

Affluent users, especially corporate executives, may choose to continue to use credit-cards despite the costs.

July 20, 2023 03:15 IST

We have created value for stakeholders: Uday Kotak

India growth story and the financial sector evolution and has built an institution on the basic tenets of trust and…

July 16, 2023 03:00 IST

How AI is changing the narrative for digital banking in India

Some big banks are leveraging AI to build experiences beyond their platforms and are opening up their networks with APIs…

July 15, 2023 19:50 IST

Need to sustain twin balance sheet advantage: Sitharaman

Speaking at an event in Udupi, the minister said banks are now profitable after having come out of the problem…

July 15, 2023 02:15 IST

Five-star Business Finance eyes 35% AUM growth for next three years

The company had clocked an AUM of Rs 6,915 crore in FY23, compared with Rs 5,067 crore in FY22, registering…

July 14, 2023 04:30 IST

New Google Pay feature allows users to pay without UPI PIN for small transactions

Users can activate the feature by logging into their Google Pay app and accessing their profile page, after which they…

July 14, 2023 00:28 IST

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Finance Ministry orders probe into allegations against Chennai customs officials

India News7 hr ago

Government orders inquiry into bribery allegations against Chennai customs officials by Wintrack, a Chennai-based firm. The company announced it will cease import/export activities in India due to harassment by customs officials. Government promises to take appropriate action and is committed to improving ease of doing business.

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