Bigger disclosure blow likely to fintechs, credit card firms; cross-border payments under scrutiny to curb money laundering
Balancing numbers and serenity: HDFC Bank CFO Srinivasan Vaidyanathan’s journey from finance to philosophy
Motilal Oswal Alternates to raise Rs 2,000 crore for realty fund Land deals worth up to Rs 1 trillion are being traded in the Indian real estate market with developers getting… By FE BureauAugust 18, 2023 03:20 IST
India stands to gain more from China Plus One: UBS Further, a sizeable local market, political and macroeconomic stability also favour the country to become an alternative manufacturing hub. By Piyush ShuklaAugust 18, 2023 03:10 IST
Large PSU banks step up lateral hirings from pvt sector; aim at improving tech prowess, bring specialised talent on board Karnatak’s bank has just hired former Standard Chartered Bank official Yusuf Roopawalla as its new Chief Technology Officer at market-related… By Piyush ShuklaAugust 17, 2023 00:30 IST
There’s a lot of opportunities in growth, acquisition financing: Eshwar Karra, CEO, Strategic Situations Fund, Kotak Alternate Asset Managers ‘We are in the midst of closing documents with a large overseas fund and are in advanced talks with a… By Raghavendra KamathAugust 17, 2023 00:15 IST
Indian banks’ operating environment, capital buffers stronger – Fitch With Indian banks shoring up their capital buffers and cleaning up their balance sheets following the pandemic, their gross non-performing… By ReutersAugust 16, 2023 15:43 IST
Banks spend big on new hires, technology as operating expenses increase in recent years The higher spends by private banks can be attributed to the 30-50% attrition rate to these banks, especially among front-end… By Ajay RamanathanAugust 16, 2023 00:05 IST
Punjab & Sind Bank plans to double ATM network to 1,600 in next two years State-owned Punjab & Sind Bank plans to double its ATM network to about 1,600 in the next two years to… By PTIAugust 15, 2023 17:52 IST
Banks line up festive season deals ahead of Independence day Large Indian banks have launched various festive season deals across credit cards, loans and fixed deposits ahead of the country’s… By Piyush ShuklaAugust 15, 2023 01:45 IST
RBI to launch pilot for public tech platform on August 17 The Reserve Bank of India (RBI) on Monday said it will launch a pilot project on the public tech platform… By FE BureauAugust 15, 2023 01:30 IST
December may see banks switch to five-day workweek Govt talking to industry and bank managements to address their concerns. By Prasanta SahuAugust 14, 2023 05:15 IST
Rising credit-to-deposit ratio may pose problems for some banks The CD ratio of state-owned banks rose 420 basis points year-on-year(y-o-y) to 69.8% as on March 31, the report showed. By Ajay RamanathanAugust 14, 2023 03:45 IST
Explainer: Why RBI wants proper lending conduct When the interest rate rises, banks increase the repayment tenure of a loan, instead of increasing the EMI outgo, sans… By Saikat NeogiAugust 14, 2023 03:40 IST
Bank of Maharashtra tops PSU lenders chart in loan, deposit growth in Q1 The deposit and advances of the Pune-based lender recorded nearly 25 per cent rise, the highest by any public sector… By PTIAugust 13, 2023 14:03 IST
HDFC Bank NIM to moderate in Q2: MD Sashidhar Jagdishan HDFC home loans carry lower spread By Piyush ShuklaAugust 12, 2023 02:00 IST
RBI asks banks to redouble recovery efforts Stating that there is a need to get the “context right” in this matter, he offered some nuances and stressed… By PTIAugust 10, 2023 17:10 IST
RBI raises per transaction limit for UPI Lite to Rs 500 from Rs 200 to promote digital transaction Presently, a limit of Rs 200 per transaction and an overall limit of Rs 2,000 per payment instrument has been… By PTIAugust 10, 2023 13:09 IST
Bank loans rise 20% in fortnight to July 28 Advances grew 20.2% in the previous fortnight ended July 14, taking into account the impact of the merger. By Ajay RamanathanAugust 10, 2023 05:45 IST
Axis Bank to raise stake in Max Life via Rs 1,612-cr investment Axis Bank in a stock exchange filing said the acquisitions, divestment and merger committee of its board has approved the… By Mithun DasguptaAugust 10, 2023 03:30 IST
Shehbaz Sharif hails US panel report for backing Pak’s claims of ‘military success over India’ in May, but China isn’t happy
