LGBTQ Joint Bank Account: FinMin clarifies queer persons can open joint bank accounts, appoint their partner as nominee
More corporates turn to large private banks for loans: Report At the same time, the share of Indian corporates working with at least one of the country’s other, smaller, private… By FE BureauJuly 26, 2023 00:45 IST
IDBI Bank profit soars 62% on strong loan growth Net interest income, the difference between interest earned and interest expended, grew 61% YoY to Rs 3,998 crore. Non-interest income… By Ajay RamanathanJuly 25, 2023 05:45 IST
Not worried about unsecured retail loan delinquencies: Kotak Mahindra Bank joint managing director Dipak Gupta The only place on the projects side where one sees some growth is infrastructure because the government is spending a… By Ajay RamanathanJuly 25, 2023 04:15 IST
RBL bank targets 5% NIM in FY24 The attrition rate at senior-level is far less than at junior levels, the MD added. By Piyush ShuklaJuly 25, 2023 03:15 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… By FE BureauJuly 25, 2023 02:15 IST
TMB profit rises 11% as bad assets fall, interest income grows Total income stood at Rs 1,323 crore, compared with Rs 1,142 crore, registering a growth of around 16%. By Sajan C KumarJuly 25, 2023 02:00 IST
PNB Housing Finance profit rises 48% on strong loan growth The non-banking financial company’s bottom-line was Rs 347 crore, up 24% on a sequential basis. By Ajay RamanathanJuly 25, 2023 01:15 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… By Ajay RamanathanJuly 24, 2023 04:40 IST
Q&A l Our focus is on growing CASA, not bulk deposits, says Union Bank’s MD & CEO ‘We have about Rs 26,000 crore of loans in pipeline, and about Rs 42,000 crore has been sanctioned already (in… By Piyush ShuklaJuly 24, 2023 03:15 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… By Piyush ShuklaJuly 24, 2023 02:45 IST
HDFC Bank expects 17-18 pc credit growth this year Apart from HDFC Bank, Mistry is also on the boards of Tata Consultancy Services (TCS), HDF Life, Torrent Power and… By PTIJuly 23, 2023 13:53 IST
Banking sector among the strongest globally: PM Narendra Modi Amid criticism over a decline in government-sector jobs, Modi on Saturday distributed over 70,000 appointment letters to new recruits in… By FE BureauJuly 23, 2023 05:15 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… By PTIJuly 22, 2023 18:17 IST
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. By PTIUpdated: July 22, 2023 17:27 IST
Kotak Mahindra Bank’s 67% profit jump beats expectations Kotak’s net interest income, the difference between interest earned and paid out, increased 33% to 62.34 billion rupees. By ReutersUpdated: July 22, 2023 13:38 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… By Piyush ShuklaJuly 22, 2023 03:00 IST
Power Finance Corporation to ramp up renewable projects loans Currently, the company’s renewable energy portfolio is at around 12-13%. By Ajay RamanathanJuly 22, 2023 00:15 IST
Asia’s bank’s earnings in focus after Wall Street results fuel optimism The end of rate-hike cycle could bring structural weakness in the dollar, which can redirect capital flows back to emerging… By BloombergJuly 21, 2023 11:10 IST
25-year-old Indian Silicon Valley founder with $1.3 billion net worth says paranoia drives his AI strategy
Jaipur school suicide: CBSE report highlights ‘teacher’s lack of empathy’, says ‘she dismissed the problem’
