Kotak Mahindra Bank Q4 profit drops more than expected on higher provisions, NII up 5.4%, misses estimates
SBI General Insurance reports 32% growth in Q1 FY25; motor, fire and personal accident segment remains key drivers
DBS Bank India reports 36 per cent jump in FY23 net at Rs 228 crore DBS Bank India’s net revenues grew 16 per cent in FY23 to Rs 3,351 crore, up from Rs 2,892 crore… By PTIJune 20, 2023 19:17 IST
Time for India to reap gains from democratised innovation: Gopal Srinivasan For India, political analysts perceive this as a unique opportunity to leverage its new role in the geo-political landscape. By E Kumar SharmaJune 20, 2023 18:52 IST
SBI MD Swaminathan Janakiraman appointed as deputy governor of the Reserve Bank of India Janakiraman, currently the managing director of State Bank of India, will succeed Mahesh Kumar Jain, whose tenure ends on June… By ReutersJune 20, 2023 16:50 IST
Baring EQT, ChrysCap pick up HDFC’s Credila for Rs 11,000 crore The total revenue of HDFC Credila during FY23 (April –March) was Rs 1,352 crore while its net worth stood at… By Ajay RamanathanUpdated: June 20, 2023 10:52 IST
Term deposits gain from Rs 2,000 note withdrawal Deposits of Rs 3.3 trillion added in the fortnight ended June 2, SBI Research said. By Ajay RamanathanJune 20, 2023 03:45 IST
Hitachi Payment to deploy 30K soundboxes for SBI Payments Hitachi Payment Services, backed by Japanese conglomerate Hitachi, is a partner in a joint venture with State Bank of India… By Piyush ShuklaJune 20, 2023 02:00 IST
NBFCs reduce exposure to new-to-credit segment The new-to-credit segment comprised 16% of loan origination volume in December 2022, compared with 22% in December 2020. By Ajay RamanathanJune 20, 2023 00:30 IST
Abrdn likely to exit HDFC AMC; may sell 10.2 pc stake through block deal The shares will be offloaded at Rs 1,800-1,892 apiece. By PTIJune 19, 2023 22:20 IST
Karur Vysya Bank in expansion mode; sets up 800th branch “We are delighted to inaugurate our 800th branch and other new branches today, which will provide our customers improved access… By PTIUpdated: June 19, 2023 15:17 IST
SBI chief: See huge opportunity to collaborate with fintechs Khara feels cyber-security requires “long-term vigil” and that adequate steps must be taken to ensure that the inner systems of… By Ajay RamanathanJune 17, 2023 02:00 IST
Cross-border transactions a priority, says NPCI MD NPCI is also working with the Reserve Bank of India (RBI) and the National Highways Authority of India (NHAI) to… By Ajay RamanathanJune 17, 2023 01:45 IST
RBI imposes Rs 20 lakh penalty on Manappuram Finance RBI conducted a statutory inspection of the company concerning its financial position as of March 2021. By PTIJune 16, 2023 21:06 IST
RBI approves re-appointment of Vasudevan P N as MD and CEO of Equitas SFB Equitas Small Finance Bank reported a net profit of Rs 190.03 crore for the quarter ending March 31, 2023. By PTIJune 16, 2023 19:01 IST
Pvt banks’ slippages, write-offs from COVID recast nearly double than that of PSBs : Report The domestic rating agency analysed annual results of lenders for FY23. It found that the peak of restructured assets in… By PTIJune 16, 2023 17:37 IST
Compromise settlement diktat to hasten recoveries Many have pointed out that the June 8 circular was only an iteration of the RBI’s earlier rules on stressed… By Piyush ShuklaUpdated: June 16, 2023 08:14 IST
Kotak Mahindra Bank savings account holders can earn FD-like interest rates The default minimum threshold over which surplus funds earn a fixed deposit interest rate is Rs 25,000 for savings account,… By Ajay RamanathanJune 16, 2023 00:45 IST
Goldman Sachs Group cutting more than 30 Asia investment banking jobs China-focused bankers were hit hardest, with nine equities capital markets bankers who are based in Beijing and Hong Kong being… By ReutersUpdated: June 15, 2023 12:53 IST
Kotak Mahindra Bank keen on enhancing co-branding pacts In addition to this, the bank is also focussing on expanding its credit card customer base in non-metro cities and… By Ajay RamanathanJune 15, 2023 05:00 IST
‘Crypto regulation in India has definitely come a long way,’ says CoinSwitch co-founder Ashish Singhal
