Aditya Birla Capital announces merger with Aditya Birla Finance, will create large unified operating NBFC
Muthoot Finance net slips 13% to Rs 867 cr Total income fell 12% to Rs 2,504 crore, against Rs 2,833 crore in the year-ago period. Loan assets increased 4%… By FE BureauNovember 11, 2022 04:00 IST
Punjab & Sind Bank must pace itself on credit growth: MD The bank is also undergoing a technological upgrade that is expected to be completed by June 2023. Through the upgrade,… By Shashank DidmisheNovember 11, 2022 01:00 IST
Loan book to grow 30%; merger to completed by September: Ittira Davis, MD & CEO, Ujjivan SFB Overall, that is the strategy for the rest of this year. For the next year, as we get into the… By FE BureauUpdated: November 10, 2022 06:51 IST
Deposit rates may rise by 50-75 bps on loan demand Although banks and other lenders have raised interest rates on deposits over the past few months, the increasing demand for… By FE BureauUpdated: November 9, 2022 13:39 IST
Employees’ strike may hit services on November 19: Bank of Baroda BoB said that the general secretary of All India Bank Employees’ Association (AIBEA) has served a notice of strike to… By FE BureauNovember 9, 2022 03:40 IST
PSBs’ operating profits get fee income boost in Q2FY23 Union finance minister Nirmala Sitharaman on Monday said that the 12 PSBs reported a 50% jump in combined net profit… By Shashank DidmisheNovember 9, 2022 03:15 IST
Bank accounts, deposits form bulk of financial assets among Indians: Morningstar study Indian investors have a propensity for non-financial, real assets such as gold and real estate; insurance products such as annuities… By FE BureauNovember 9, 2022 02:55 IST
Lenders mull building expertise for ESG financing Banks intend to draw on expertise from multilateral organizations like the World Wildlife Fund and ADF, and domestic entities like… By Banikinkar PattanayakNovember 9, 2022 01:00 IST
Paytm loss widens after Indian fintech firm spends on expansion The company is expanding its product offering and signing up more users in a bid to convince investors of its… By BloombergUpdated: November 8, 2022 21:53 IST
The role of 3Cs in reducing retail NPAs in India For any financial institution involved in the lending activity, it is imperative to understand the borrower’s character. Whether the individual is… November 8, 2022 11:43 IST
New business premium for life insurance industry rises 15.32% in October New business premium or the first-year premium of private sector life insurance companies in October grew 11% y-o-y to Rs… By Mithun DasguptaUpdated: November 8, 2022 11:33 IST
Steps to trim NPAs bearing fruit, PSBs’ Q2 profit jumps 50%: FM Nirmala Sitharaman Following the bad loan crisis, the most significant step announced by the government to tackle the crisis was capital infusion. By FE BureauNovember 8, 2022 03:50 IST
Banks may face liquidity crunch as loans outpace deposits The sharp growth in loans has been due to demand for retail credit and increase in working capital demand among… November 8, 2022 03:30 IST
Ujjivan SFB posts highest-ever quarterly profit at Rs 294 cr in September quarter In the July-September period of 2022-23, total income jumped by 63 per cent to Rs 1,139.83 crore as against Rs… By PTINovember 7, 2022 18:43 IST
SC overrules HC order on one-time settlement The grant of benefit is subject to the eligibility criteria and the guidelines issued from time to time, the apex… By Indu BhanNovember 7, 2022 06:15 IST
With Rs 14,752 crore net, SBI beats RIL to become most profitable company in Q2 Total income of the SBI group also rose to Rs 1,14,782 crore in the quarter from Rs 1,01,143.26 crore in… By PTIUpdated: November 6, 2022 18:05 IST
SBI profit up 74% at Rs 13,265 crore The healthy growth in quarterly profit came from strong interest income growth owing to a sharp increase in credit expansion By FE BureauUpdated: November 6, 2022 06:41 IST
Interview | We’d like to grow in line with industry: Sanjiv Chadha, BoB chief Given the base effect it may not be fair to extrapolate the growth we have seen in Q1 and Q2,… By Shobhana SubramanianNovember 6, 2022 04:45 IST
Who is Sridhar Vembu? Zoho founder and the man behind Arattai, a made-in-India alternative to WhatsApp
Asia Cup 2025 Final: Abhishek Sharma vs Shaheen Afridi duel could decide India vs Pak game – Who dominates in head-to-head?
