Banking & Finance Who are the big buyers in SBI’s mega Rs 25,000 cr QIP? LIC and 5 key investors revealed Banking & Finance
Punjab National Bank announces appointment of Ashok Chandra as MD & CEO as Binod Kumar moves to Indian Bank
Softbank to sell 4.5% stake in Paytm for USD 200-215 million Softbank is the second largest shareholder with a 17.5 per cent stake in the company. By PTINovember 16, 2022 21:57 IST
Kotak Mahindra Bank cuts 1-year MCLR rate by 20 bps, hikes for other tenors The MCLR (marginal cost of funds based lending rate) linked loan rates for the benchmark one-year tenor, which is used… By PTIUpdated: November 16, 2022 15:07 IST
SBI hikes MCLR by 10-15 bps on some tenures The lender has increased the MCLR by 85 bps since June. By FE BureauNovember 16, 2022 01:45 IST
Uday Kotak’s son ruled out as new boss; ‘he will have to work his way up on merit’, says Kotak Mahindra Bank Jay Kotak, son of founder Uday Kotak who has led the business since establishing it in 1985. By BloombergNovember 15, 2022 14:19 IST
Market share gap between large and mid-sized banks to grow While mid-sized lenders like YES Bank had begun to gain market share at a rapid pace, they came under the… By Ajay RamanathanNovember 15, 2022 01:20 IST
Paytm loan disbursement grows five-fold in October, merchant payments rise “We are now scaling up lending distribution which can bring financial inclusion to hundreds of millions of people in our… By Zoya SpringwalaUpdated: November 14, 2022 12:35 IST
Suryoday Small Finance Bank aims at net interest margin of 9-10% in FY23: CEO Suryoday Small Finance Bank’s gross advances rose 20.3% YoY to Rs 5,378 crore as on September 30. By Ajay RamanathanNovember 14, 2022 06:00 IST
Punjab & Sind Bank to take call on Rs 300 crore QIP in fourth quarter: MD Saha On loan growth, Saha said, the bank aims at a 15 per cent rise during FY23 and the current capital… By PTINovember 13, 2022 17:07 IST
Bank of Maharashtra tops list of PSU lenders in credit growth in Q2 SBI’s total loans were about 17 times higher at Rs 25,47,390 crore as compared to Rs 1,48,216 crore of BoM… By PTINovember 13, 2022 12:57 IST
Manappuram Finance consolidated net up 11% at Rs 409 crore Total consolidated operating income for the quarter amounted to Rs 1,696.26 crore compared to Rs 1,531.92 crore in the year-ago… By FE BureauNovember 13, 2022 06:05 IST
Sundaram Finance to revise interest rates from Nov 16 For the public, the rate on one-year deposits would be 7.15% against the existing 6.65%; for 24 months it would… By FE BureauNovember 13, 2022 05:30 IST
LIC profit zooms 11x; net premium up 27% Additionally, it has also had a substantial other income of Rs 6,795 crore. By FE BureauNovember 12, 2022 06:15 IST
PSU Banks may arrest decline in market share In addition to cleaning up their balance sheets, PSBs have also improved their loan-processing systems, which will hold them in… By Ajay RamanathanNovember 12, 2022 02:15 IST
Merged HDFC entity may double weight in MSCI Despite the foreign institutional investment headroom being between 15-25%, adjustment factor of 0.5x will not apply and it will be… By FE BureauUpdated: November 15, 2022 12:58 IST
‘Will stick to guidance of more than 10% growth in gold loans’ We have approval to open 150 branches this fiscal. In the September quarter, we have opened 24 branches. Digital initiatives… By Sajan C KumarNovember 12, 2022 00:45 IST
Bank of Baroda lowers home loan rates by 25 basis points to 8.25 pc The new rates will also be applicable for those seeking balance transfers and the special rate is linked to the… By PTINovember 11, 2022 22:04 IST
India’s LIC posts jump in second-quarter profit Net premium income rose more than 26% to 1.32 trillion rupees, the company said in an exchange filing. By ReutersNovember 11, 2022 19:36 IST
SFB deposit growth rate betters credit Ujjivan Small Finance Bank has also shown a similar trend. Its gross advances rose 44% on year, whereas deposits rose… By Ajay RamanathanUpdated: November 11, 2022 07:14 IST
FE Exclusive with Amit Shah: ‘Banks must step up lending to MSMEs, that’s where India’s growth engine lies’ | Full interview
