Banking & Finance Axis Bank Q1 Results: Profit dops by 3.79%, NII at Rs 13,560 crore Banking & Finance
PSU banks to start drive from Oct 2 to fill backlog vacancies of scheduled castes: NCSC chief Vijay Sampla Sampla said he, along with the finance minister, reviewed the various measures taken by PSBs in giving credit to persons… By PTISeptember 29, 2022 17:07 IST
India doesn’t need so many public sector banks, says former SBI “I don’t really believe that we need so many public sector banks either, the number of PSBs could be decreased. By PTISeptember 28, 2022 16:20 IST
Axis Bank to buy close to 10% stake in Go Digit Life The investment is proposed to be made in two tranches, by subscribing to equity shares of the online insurer, for… By FE BureauSeptember 28, 2022 07:28 IST
Banks offer a host of special loan schemes Bankers are expecting consumer demand to return back in full swing after two years of a lull owing to the… By Shashank DidmisheSeptember 28, 2022 04:05 IST
IDBI Bank sale: Govt likely to invite EoI in October first week While the Centre is keen to conclude the transaction during the current financial year, it may spill over to next… By Prasanta SahuSeptember 28, 2022 01:35 IST
Axis Bank, Samsung launch cashback credit card The number of credit card transactions grew 28% YoY in August to 24.5 crore, while in value terms, transactions grew… By FE BureauSeptember 27, 2022 02:00 IST
High NPAs in education loan segment turn banks cautious The ministry exhorted banks to spread awareness about the Central Sector Interest Subsidy Scheme among field formations. By PTIUpdated: September 25, 2022 15:42 IST
Bank Holidays in October 2022: Banks closed for up to 21 days in various cities in October; check list Private and public sector banks across the country will remain closed for up to 20 days in October including the… By Surbhi JainSeptember 25, 2022 10:43 IST
Bank credit growth accelerates to 14 pc in Q1 despite hike in lending rates: RBI data It can be noted that in early May, the RBI started its rate hikes in response to the runaway inflation. By PTISeptember 23, 2022 20:46 IST
Govt for banks to collaborate with NBFCs and fintech companies, says official He also said that there is also a push towards the digital route, adding that new-age banking using technology has… By PTISeptember 23, 2022 17:17 IST
Citigroup sets India as high priority market amid China risks The New York-based lender expects initial public offerings in India to pick up next year as well as inbound deals… By BloombergUpdated: September 23, 2022 14:47 IST
RBI directs Mahindra Finance to halt recovery via third parties The NBFC has been allowed to continue recovery or repossession activities through its own employees By FE BureauSeptember 23, 2022 06:25 IST
IBA forms key working group of banks on sustainability This working group will play an important role in firming up recommendations on sustainability finance and could be a useful… By Banikinkar PattanayakSeptember 23, 2022 03:45 IST
RBI bars Mahindra Financial Services from loan recovery through 3rd party agents The RBI’s decision follows the death of a 27-year-old pregnant woman in Jharkhand’s Hazaribagh district. By PTIUpdated: September 22, 2022 21:58 IST
RBI cancels licence of Solapur-based Laxmi Co-op Bank As per the data submitted by the cooperative bank, more than 99 per cent of the depositors are entitled to… By PTIUpdated: September 22, 2022 21:43 IST
Do not look for quick-fix solutions: Keki Mistry’s advice to CFOs “Do not ever look for quick fix solutions. Short-term solutions will never help you in the long-run,” Mistry said at… By FE BureauUpdated: September 22, 2022 19:03 IST
FE CFO Conclave 2022: Liquidity management is the top priority post pandemic In a risk management perspective, companies have to be ready for crisis management, D Sundaram, vice chairman of TVS Capital… By Shashank DidmisheUpdated: September 22, 2022 14:50 IST
‘Meeting priority sector lending norms is a challenging task’ No one can make money in payments space, says Axis CEO By FE BureauUpdated: September 22, 2022 16:26 IST
BJP has ‘mentally retired’ Nitish Kumar, says Kharge amid CWC meet; Cong passes resolution on Bihar SIR, vote theft, Gaza
