Page 76 of Banking

IPO, bankbazaar, adhil shetty, revenue, funding, PE/VC investments, growth momentum, cost of capital, digital products, credit card, EBITDA profit

BankBazaar IPO planned in next 12-18 months; FY23 net revenue at Rs 160 crore

Prior to filing for DRHP, the fintech company aims to raise another round of capital (a combination of fresh and…

April 12, 2023 12:21 IST

Kotak Mahindra Bank share price jumps 5.6%; possible MSCI rejig may prompt $690 million equities buying

Share price of Kotak Mahindra Bank jumped 5.6% in trade on Tuesday as Nuvama projected that the bank could see…

Updated: April 11, 2023 11:24 IST

Muthoot Finance announces interim dividend of Rs 22 per share

Kerala-based gold loan major Muthoot Finance on Thursday declared an interim dividend of 220%, Rs 22 per equity share of…

April 7, 2023 00:45 IST

Cholamandalam Investment and Finance Company, banking

Chola shares zoom around 8% after strong Q4 result

Disbursements in the MSME business stood at Rs 2,104 crore for Q4 and Rs 6,388 crore in FY23, growing at…

April 7, 2023 00:05 IST

Investment in digital banking infra lags rising scale

This comes at a time when the twitter handles of various banks have been flooded with complaints over data outages.

April 6, 2023 02:30 IST

Finance Ministry to meet public sector banks’ heads to review financial inclusion schemes

StandUp India Scheme, launched on April 5, 2016, with a focus on economic empowerment and job creation, has been extended…

April 5, 2023 21:43 IST

Banking sector, Financial Crisis, global banks, interest rates, US Fed, Silicon Valley Bank

Investment bankers get USD 261.5 mln in Q1 despite fall in deal making activities: Report

Jefferies took the lead in ECM underwriting with USD 1.87 billion in related proceeds and 35.5 per cent market share.

April 5, 2023 20:01 IST

What can banks do to manage climate risk and sustainable finance?

Forward looking Regulated Entities such as banks and NBFCs will look at the opportunities arising from the climate change crisis,…

April 5, 2023 19:23 IST

DBS Bank, earnings, digital transformation, profit, growth markets, transaction banking, wealth management, small businesses

DBS Bank India to launch proprietary credit cards in three months, says MD

DBS Bank India will launch proprietary credit cards in the next three months, said Prashant Joshi, managing director and head…

April 4, 2023 03:50 IST

Rating: attractive; Banks see reversal in loan growth trends

Slowdown in growth unlikely to cause asset-quality stress

April 4, 2023 03:45 IST

Credit card issuers see decline in revolvers

The portfolio of credit card issuers has seen a sharp decline in revolving credit from customers after the Covid-19 outbreak.

April 3, 2023 05:00 IST

Jio Financial Services’ entry could disrupt NBFC sector

JFSL has appointed banking sector veteran KV Kamath to be the non-executive chairman of the company, while McLaren Strategic Venture’s…

April 3, 2023 03:20 IST

Financial bids for IDBI Bank expected by September

The transaction adviser KPMG India is understood have handed over relevant documents submitted by the bidders at EoI stage to…

April 3, 2023 02:30 IST

UPI transactions up 60% in March to record 8.7 bn

Transactions on the Unified Payments Interface (UPI) platform rose 60% year-on-year (y-o-y) in March to a record 8.7 billion, data…

April 2, 2023 03:00 IST

In the past two years, customer expectations have reportedly risen

How AI is driving neo bank in India

Experts suggest that AI can handle customer data that it will eliminate fraud and establish trust

April 1, 2023 13:00 IST

MFI loan collections improve in October-December qtr

Portfolio at risk for 30 days past due bucket improved to 3.8% as on December 31 from 9.2% a year…

April 1, 2023 02:45 IST

Non-food credit growth falls to 15.9% in February

Banks’ non-food credit growth moderated to 15.9% on a year-on-year (YoY) basis in February, from 16.7% in January, sectoral credit…

April 1, 2023 02:15 IST

India Post Payments Bank, Airtel, WhatsApp, IPPB WhtasApp, Banking, Finance, Industry

India Post Payments Bank partners Airtel to launch banking services on WhatsApp

The newly launched IPPB WhatsApp Banking channel will enable IPPB customers to connect with the bank on WhatsApp.

March 31, 2023 20:29 IST

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HAL receives 4th GE engine; $1 bn contract for 113 fighter jet engines to be signed in Oct

India News28 min ago

GE Aerospace has handed over the fourth F404-IN20 fighter jet engine to HAL, as part of a deal for 113 engines worth over USD 1 billion. The contract is expected to be signed in October, with deliveries starting in 2027-28. HAL also aims to deliver the first aircraft by October, with plans to complete 180 by 2032-33.

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