Page 73 of Banking

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

ATMs stop dispensing Rs 2,000 notes, CRMs can still accept deposits

About 10% of ATMs will have to be reconfigured

May 23, 2023 03:10 IST

Digital lenders, Digital, financial technology, Funding, RBI

Digital lenders focus on portfolio quality

In the current environment, more financial technology companies are likely to engage in co-lending arrangements with traditional lenders while well-capitalised…

Updated: May 23, 2023 12:17 IST

LIC Housing, Loan, Interest rate, EMI, Bank, Industry

LIC Housing extending loan term to ease borrower burden

The interest rate on home loans has risen sharply in recent months, with the Reserve Bank of India hiking the…

May 23, 2023 00:40 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

Federal Bank eyes up to $486 million fundraising

Federal Bank Ltd plans to raise as much as 40 billion rupees ($486 million) in the next few months to…

May 20, 2023 17:18 IST

‘Small-ticket loans could give payments bank model a boost’

Further, Airtel Payments Bank is also seeing a strong uptick in user growth in rural areas and its digital channels.

May 20, 2023 06:15 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

Fraud classification may get delayed: Banks

The Supreme Court clarified on Friday that it had not directed banks to accord a “personal hearing” before classifying a…

May 18, 2023 03:55 IST

Auto financiers, Financiers, Auto, Non-banking, financial companies

Auto financiers diversify portfolio to maintain AUM growth, NIMs

According to Centrum Institutional Research, the net interest margin (NIM) of vehicle finance is expected to compress by around 20-60…

May 17, 2023 12:00 IST

Kotak Bank, Federal Bank hike MCLR by 10 bps across tenures

After the 10-bps hike, Kotak Mahindra Bank’s overnight, 1-month, 3-months, and 6-months MCLR stood at 8.35%, 8.60%, 8.75% and 9%…

May 17, 2023 01:25 IST

Government steps in to curb online fraud

As per the current process, banks perform web sweeping through softwares to detect the pattern involving promotional posts on social…

May 16, 2023 01:00 IST

Karur Vysya Bank, Q4 profit, Q4 result, Karur Vysya Bank profit, Industry

Karur Vysya Bank Q4 profit rises 59% to Rs 338 crore

Total income during Q4 FY23 rose to Rs 2,169 crore from Rs 1,615 crore in Q4 FY22, Karur Vysya Bank…

May 15, 2023 18:22 IST

‘Expect NIM to fall to 9% this fiscal’

Ujjivan Small Finance Bank expects its net interest margin (NIM) to fall to 9% in 2023-24 from 9.5% in the…

May 15, 2023 02:30 IST

IOB, Indian Overseas Bank, IOB Q3 FY 2022 results

Indian Overseas Bank Q4 profit rises 18 pc to Rs 650 crore

The bank’s total income increased to Rs 6,622 crore in the latest March quarter from Rs 5,719 crore in the…

May 12, 2023 22:05 IST

Ujjivan SFB’s net profit jumps 145% on strong loan growth

Ujjivan Small Finance Bank’s net profit rose 145% year-on-year (YoY) in January-March on the back of strong growth in its…

May 12, 2023 01:30 IST

south indian bank, south indian bank corporate loan, south indian bank retail loans,

Core income drives South Indian Bank Q4 net up 22%, targets 12 pc loan growth in FY24

Its other income rose to Rs 344 crore in the reporting quarter, up from Rs 203.85 crore in the year-ago…

May 11, 2023 21:01 IST

rbi, forex, banking sector, banking license,

Focus is on strengthening financial institutions: Patra

Patra said the future of cross-border payments will be characterised by setting up of payment rails for instantaneous payment transfers.

May 11, 2023 02:30 IST

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Serum Institute of India CEO Adar Poonawalla is interested in purchasing the IPL team Royal Challengers Bangalore, but finds the current valuation of $2 billion too high. Former IPL commissioner Lalit Modi believes this deal could establish a new minimum price for all teams. RCB is currently worth $269 million, making it the most valuable franchise in the league.

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