Somanathan named next Cabinet secy: Moving from being a deft manager of govt finances to key Cabinet aide
Kotak Mahindra Bank Q4 profit drops more than expected on higher provisions, NII up 5.4%, misses estimates
Account aggregator ecosystem needs fine-tuning: Sameer Shetty Currently there are banks where technical failures are large, Shetty says, and not all banks are providing information. By Piyush ShuklaJune 27, 2023 01:30 IST
Ind-AS implementation to remain big challenge for banks Experts are wary that banks may end up reducing their capital ratios as a response to higher provisioning under Ind-AS.… By Ajay RamanathanJune 27, 2023 01:00 IST
Centbank Financial tops Future Enterprises’ CoC list with 27.22% voting right The list of CoC includes a total of 25 financial creditors. By Rajesh KurupJune 25, 2023 05:15 IST
The FE Modern BFSI Summit: RBiH CEO on customer-centricity for fruitful innovations At FE Modern BFSI Summit, Rajesh Bansal shared his perspective from the vantage point of an organisation that was set… By FE BusinessJune 24, 2023 17:25 IST
UPI to account for 90% of retail transactions in 5 years: RBI bulletin Currency in circulation decelerated to 5.3% in June from 8.3% a year ago, owing to withdrawal of Rs 2,000 banknotes By Piyush ShuklaJune 24, 2023 04:00 IST
Moody’s affirms Yes Bank’s ratings, financial performance to remain stable over 12-18 months The long-term foreign and local currency bank deposit ratings and foreign currency issuer rating has been affirmed at ‘Ba3’, with… By PTIJune 23, 2023 17:51 IST
PTC India Financial crisis brings governance at NBFCs to fore It has appointed director (finance) and chief financial officer Mahendra Lodha as interim managing director and chief executive officer. By Ajay RamanathanJune 23, 2023 03:30 IST
TPG, Piramal exits expected, new investor line-up shows strong interest: Shriram Finance Piramal was the second-largest shareholder in Shriram Finance with a 8.45% stake, after Shriram Capital. By Sajan C KumarJune 23, 2023 01:45 IST
Manipal Technologies partners with Indian Bank to offer customised banking products As part of this association, Manipal Technologies Limited (MTL) will work closely with Indian Bank to offer tailor-made banking products… By PTIJune 22, 2023 18:40 IST
Awareness & an ALM approach to personal lives, key to higher insurance penetration: R M Vishakha She said that we still have a long way to go in educating people on insurance and the benefits that… By FE News DeskJune 22, 2023 16:48 IST
Beyond stability & digital depth: Industry A-listers brainstorm at the FE BFSI Summit Many of the leading Indian banks are also among the most profitable ones in the world and that too with… By FE News DeskUpdated: June 22, 2023 12:38 IST
RBI’s new FLDG guidelines propel FinTech innovation and financial inclusion The Reserve Bank of India’s (RBI’s) recent decision to allow Default Loss Guarantee (DLG) arrangements in digital lending has ushered… By GuestJune 22, 2023 09:58 IST
Deutsche Bank’s new retail & wealth head set to revamp unit De Sanctis is planning to reshuffle responsibilities along geographical lines and will likely turn regional heads into direct reports, people… By BloombergJune 22, 2023 06:51 IST
Bank of Baroda scores on performance metrics However, market seeks consistency before giving further thumbs-up By Piyush ShuklaJune 22, 2023 06:00 IST
Open to acquisitions in home loan segment: SMFG India MD Shantanu Mitra Formerly known as Fullerton India Credit Co, the non-bank lender aims to double its consolidated loan book in next three… By Ajay RamanathanJune 22, 2023 05:30 IST
DBS, three other finance bodies fined 3.8 million Singaporean dollars for money laundering: Report “Although the breaches were serious, MAS did not find wilful misconduct by any staff of these financial institutions,” the report… By PTIJune 21, 2023 18:11 IST
CCI approves acquisition of additional shareholding by HDFC in HDFC ERGO The approvals will help pave the way for the merger of HDFC into HDFC Bank, which is expected to be… By FE BusinessJune 21, 2023 07:42 IST
Karur Vysya Bank to focus on commercial, retail & agri loans The restructuring portfolio likely to perform well and it has been adequately provided. By Sajan C KumarUpdated: June 21, 2023 13:06 IST
