Banking & Finance RBI drafts 238 Master Directions; plans repeal of 9,000 circulars Banking & Finance
Budget 2024 Expectations: Banking sector hopes for policy continuity; announcements on FDI, divestment, cyber security measures and more
Banks opt to go slow on fraud classification Tamilnad Mercantile Bank MD and CEO S Krishnan said when lenders perform forensic audit of an account, they already keep… By Piyush ShuklaMay 9, 2023 06:00 IST
Low LTV makes loans against shares unattractive LAS constitutes a mere 0.05% of overall non-food credit, whereas loans against fixed deposits comprise nearly 1% of non-food credit. By Ajay RamanathanMay 9, 2023 01:45 IST
Indian Bank Q4 net profit rises 47 pc to Rs 1,447 cr During the quarter, the bank’s total income increased to Rs 14,238 crore against Rs 11,405 crore a year ago, Indian… By PTIMay 8, 2023 15:18 IST
Fintech sector to become $1.5 trillion industry by 2030, Asia-Pacific to outpace US at 27% CAGR, says report While the fintechs on average lost more than half of their market value in 2022, the report maintained that the… By Tanya KrishnaMay 8, 2023 11:55 IST
Buffett says executives must be accountable for failed banks Warren Buffett also called out regulation overseeing the banking sector as riddled with skewed incentives, as well as poor messaging… By BloombergMay 8, 2023 10:39 IST
FINANCIAL INCLUSION: Mastercard’s agri marketplace links farmers, traders and banks The Farm Pass platform helps farmers to access credit & get better prices. By Sudhir ChowdharyMay 8, 2023 00:05 IST
Bank of India Q4 net profit doubles to Rs 1,388 crore A senior bank official said the bank is targeting for an 11-12 per cent growth in advances in FY24 and… By PTIMay 6, 2023 21:15 IST
UBI Q4 profit zooms 81 pc on higher recoveries from written-off loans The state-owned lender’s net profit in entire 2022-23 was Rs 8,512 crore as against Rs 5,265 crore a year ago. By PTIMay 6, 2023 18:32 IST
Lenders on a war footing to deal with online frauds An ICICI Bank spokesperson said the lender sends email alerts to customers for every transaction in their accounts and credit… By Piyush ShuklaMay 5, 2023 02:15 IST
Five-day working week for banks some time away Negotiations between the Indian Banks’ Association and the United Forum of Bank Unions have been completed but the proposal has… By SurabhiMay 5, 2023 01:30 IST
‘Aim to reduce GNPA ratio to 3% by fiscal-end’ In an interview with Mithun Dasgupta, Prasad says the bank is looking at a minimum of 25% year-on-year growth in… By Mithun DasguptaUpdated: May 4, 2023 07:52 IST
Fund raise to aid Punjab & Sind Bank’s expansion: MD & CEO The bank’s capital adequacy ratio was 17.1% as of March 31, 2023, marginally lower than 18.54% a year ago. By SurabhiMay 4, 2023 01:15 IST
Analysts warn of NIM moderation going ahead Top private banks report Q4 PAT growth of between 20% and 46%. By Piyush ShuklaMay 4, 2023 00:15 IST
‘Our deposit growth will continue to outpace advances’ IDFC First Bank is targeting to reduce its gross non-performing assets (GNPAs) to below 2% in FY24. By Piyush ShuklaMay 3, 2023 19:18 IST
Six clearing houses lose ESMA clearance as deadline lapses The six clearing corporations are The Clearing Corporation of India (CCIL), Indian Clearing Corporation, NSE Clearing, Multi Commodity Exchange Clearing,… By Ajay RamanathanMay 3, 2023 05:45 IST
Airtel Payments Bank unveils face authentication for Aadhaar-based transactions Currently, the face authentication feature is available for non-financial transactions such as balance inquiry and mini-statements. By FE BureauMay 3, 2023 02:20 IST
HDFC kick-starts $1 billion Credila sale by picking Jefferies as adviser, sources say HDFC could seek a value of as much as $1 billion for HDFC Credila Financial Services Ltd. in a sale,… By BloombergMay 2, 2023 11:34 IST
How JPMorgan’s Jamie Dimon won the First Republic Bank deal JPMorgan bought First Republic on Monday in a government auction, culminating weeks of failed rescue attempts and aborted discussions involving… By ReutersUpdated: May 2, 2023 11:39 IST
Lakshya Sen vs Yushi Tanaka: High-stakes showdown in Australian Open Super 500 final – Here’s how to watch
Trump says he ‘stopped 5 of 8 wars’ with direct threat of tariffs: ‘We are taking in trillions of dollars’
Rich Dad Poor Dad author Robert Kiyosaki says ‘biggest crash in history starting’, lists assets to survive market fallout
