Dr Reddy’s Q1 Results: Revenue up by 14%; says R&D, inorganic expansion and generic business key for FY25 growth
Double-digit rise in top banks’ loans While SBI’s advances rose 16% y-o-y to Rs 32.69 trillion as of March-end, HDFC Bank’s grew 17% to Rs 16… By Piyush ShuklaMay 22, 2023 02:40 IST
Current focus on retail segment: PNB Housing MD PNB Housing Finance is currently focusing on growing its retail loan book while also cleaning up its corporate portfolio, according… By Ajay RamanathanMay 22, 2023 02:30 IST
ONLINE PSB LOANS: A digital platform for all your lending requirements Fintech makes financial journey easy for both lenders & borrowers By GuestMay 22, 2023 00:30 IST
Federal Bank eyes up to $486 million fundraising Federal Bank Ltd plans to raise as much as 40 billion rupees ($486 million) in the next few months to… By BloombergMay 20, 2023 17:18 IST
‘Small-ticket loans could give payments bank model a boost’ Further, Airtel Payments Bank is also seeing a strong uptick in user growth in rural areas and its digital channels. By Piyush ShuklaMay 20, 2023 06:15 IST
Kotak Bank to grow affordable housing portfolio As on March 31, unsecured retail advances stood at 10% of overall advances. The bank intends to take the unsecured… By Ajay RamanathanMay 20, 2023 01:00 IST
Deposit rates have not peaked yet: Bankers The weighted average domestic term deposit rate on fresh rupee term deposits rose 23 bps to 6.48% in March 2023… By Ajay RamanathanMay 20, 2023 00:15 IST
Bank of England won’t return balance sheet to pre-financial crisis levels, Bailey warns The BOE is currently unwinding about £20 billion ($25 billion) of quantitative easing every three months, both as assets mature… By BloombergMay 19, 2023 10:40 IST
Airtel Payments Bank net profit surges 141% in FY23 Diversified product offerings like digital payments, money transfers, insurance, referral credit and collection management services contributed to its growth. By FE BureauMay 19, 2023 01:45 IST
Nomura cuts 2025 profit target as banking turmoil curbs expansion hopes The sharp revisions came after the banking crisis roiled financial markets and hammered Nomura’s investment banking business, which it had… By ReutersUpdated: May 18, 2023 13:33 IST
Banks look to take acquisition route to build MFI book Collaboration is another option for lenders By Ajay RamanathanMay 18, 2023 01:20 IST
Credit card spend in forex to come under RBI’s remittance scheme Earlier, the usage of international credit cards (ICCs) for making payments for fulfilling expenses during travel outside India was not… By PTIMay 17, 2023 18:27 IST
Bank of Baroda ‘well protected’ for switch to RBI’s new loan-loss proposal: CEO Sanjiv Chadha The state-run lender’s credit cost, the projected quantum of potential losses on total loans, was at 0.14% in the January-March… By ReutersUpdated: May 17, 2023 14:55 IST
Auto financiers diversify portfolio to maintain AUM growth, NIMs According to Centrum Institutional Research, the net interest margin (NIM) of vehicle finance is expected to compress by around 20-60… By Ajay RamanathanMay 17, 2023 12:00 IST
Russian firms investing rupee surplus in govt bonds Recently, Russia’s foreign minister Sergei Lavrov stated that Russia has accumulated billions of rupees from Indian banks that it cannot… By Ajay RamanathanMay 17, 2023 05:10 IST
IDBI Bank data room to open for bidders soon No easing of the merger condition for the banks among suitors By Prasanta SahuMay 17, 2023 01:35 IST
Kotak Bank, Federal Bank hike MCLR by 10 bps across tenures After the 10-bps hike, Kotak Mahindra Bank’s overnight, 1-month, 3-months, and 6-months MCLR stood at 8.35%, 8.60%, 8.75% and 9%… By FE BureauMay 17, 2023 01:25 IST
Expansion push: PSBs engage more biz correspondents Punjab National Bank has almost doubled its BC outlet network from 12,831 in December 2021 to 22,607 in December 2022. By Piyush ShuklaUpdated: May 16, 2023 07:27 IST
