Banking & Finance RBI issues letter of caution to Axis Bank for non-compliance with KYC norms Banking & Finance
What Warren Buffett can teach billionaire bankers and depositors As the Federal Deposit Insurance Corp. cleans up after the collapses of Silicon Valley Bank and Signature Bank, it’s worth… By BloombergMay 15, 2023 12:24 IST
Julius Baer India plans to launch AIFs Swiss private bank Julius Baer’s Indian arm is planning to launch alternative investment funds (AIFs) as part of its growth… By Rajesh KurupMay 15, 2023 03:45 IST
‘Expect NIM to fall to 9% this fiscal’ Ujjivan Small Finance Bank expects its net interest margin (NIM) to fall to 9% in 2023-24 from 9.5% in the… By Ajay RamanathanMay 15, 2023 02:30 IST
Banks should have stronger overview on NBFC borrowers’ lending practices: SBI MD Banks need to be given “stronger overview” on the lending practices followed by non-bank lenders who borrow from them, a… By PTIMay 13, 2023 20:00 IST
RBI slaps Rs 2.92-cr penalty on Canara Bank for violating norms The Reserve Bank of India (RBI) on Friday imposed a monetary penalty of Rs 2.92 crore on Canara Bank for… By FE BureauMay 13, 2023 00:15 IST
ED raids can hit Manappuram Finance hard The Enforcement Directorate’s (ED) recent investigations against Manappuram Finance managing director and chief executive officer (MD & CEO) VP Nandakumar… By Piyush ShuklaMay 12, 2023 03:25 IST
Ujjivan SFB’s net profit jumps 145% on strong loan growth Ujjivan Small Finance Bank’s net profit rose 145% year-on-year (YoY) in January-March on the back of strong growth in its… By Ajay RamanathanMay 12, 2023 01:30 IST
Sundaram Home Finance Q4 profit climbs 24% Sundaram Home Finance reported a 24% jump in its net profit to Rs 65.68 crore for the quarter ended March,… By FE BureauMay 12, 2023 00:30 IST
Core income drives South Indian Bank Q4 net up 22%, targets 12 pc loan growth in FY24 Its other income rose to Rs 344 crore in the reporting quarter, up from Rs 203.85 crore in the year-ago… By PTIMay 11, 2023 21:01 IST
Focus is on strengthening financial institutions: Patra Patra said the future of cross-border payments will be characterised by setting up of payment rails for instantaneous payment transfers. By Ajay RamanathanMay 11, 2023 02:30 IST
‘Looking at listing flagship subsidiaries next fiscal’ Public sector major Canara Bank could list its two flagship subsidiaries — Canara Robeco Asset Management and Canara HSBC Life… By Piyush ShuklaMay 11, 2023 01:45 IST
G20 panel to suggest ways to enhance MDB lending: NK Singh On March 28, G20 India Presidency set up the expert group co-convened by 15th Finance Commission chairman Singh and former… By FE BureauMay 11, 2023 00:15 IST
Axis Bank links RuPay credit cards with UPI Private sector lender Axis Bank on Tuesday said it has successfully enabled linkage of RuPay credit cards with Unified Payments… By Piyush ShuklaMay 10, 2023 03:30 IST
Paytm Payments Bank announces new UPI-based features The bank has also enabled users to link their RuPay credit cards to an UPI ID on the Paytm app. By FE BureauMay 10, 2023 02:30 IST
Will appoint CEO for NBFC ops in next 3 months, says Jupiter founder “We are trying to bring a professional chief executive officer (for the NBFC business). We are already at an advanced… By Ajay RamanathanMay 10, 2023 00:30 IST
UBS says Credit Suisse CEO Ulrich Koerner to join leadership of combined group Announcing its leadership reshuffle, UBS also promoted Todd Tucker, now finance chief of its core asset management business to group… By ReutersUpdated: May 9, 2023 14:50 IST
Why BNP, UniCredit and other European banks aren’t stressed out Apart from the failure of Credit Suisse Group AG, an already troubled Swiss bank with shrinking returns, there have been… By BloombergMay 9, 2023 11:54 IST
Social security schemes safeguard underprivileged from financial vulnerability: FM Nirmala Sitharaman Three social security (Jan Suraksha) schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY)… By Anamika SinhaUpdated: May 9, 2023 11:33 IST
