Interview: Canara Bank MD and CEO K Satyanarayana Raju; ‘Keen on listing MF and life insurance arms in FY25’
Paytm launches UPI Lite auto top-up for daily payments under Rs 500 with no pin; Here are all the features
BoB increases lending rate by up to 20 bps RBI on Friday raised the repo rate by 50 basis points after which Bank of Baroda, Punjab National Bank, Union… By FE BureauAugust 11, 2022 00:30 IST
Companies will find it difficult to service debt, BoB report Companies in the infrastructure sector such as capital goods, iron and steel, construction and automobile had shown an improvement in… By FE BureauAugust 11, 2022 00:15 IST
Bank of Baroda to hike MCLR rates by up to 0.2 pc from August 12 The benchmark one-year MCLR, which forms the basis for most consumer and personal loans, will be priced at 7.70 per… By PTIAugust 10, 2022 17:08 IST
Banks seek foolproof shield against probes “The IBA is in talks with the department of financial services for changes in the Lokpal Act,” said one of… By Banikinkar PattanayakAugust 10, 2022 05:20 IST
Indian fintech market to achieve $1 trillion AUM by 2030: Report The digital lending market — which is expected to grow to $515 billion in book size by 2030 — will… By FE BureauAugust 10, 2022 04:10 IST
Punjab & Sind Bank to maintain profitability in FY23: MD Punjab & Sind Bank has zeroed in on five accounts worth Rs 528 crore for transfer to the National Asset… By Banikinkar PattanayakAugust 10, 2022 04:00 IST
WhatsApp UPI transactions slide after withdrawal of cashbacks The number of UPI transactions on WhatsApp dropped to 6.18 million in July from 23.04 million in June, when the… By Tushar GoenkaAugust 10, 2022 03:10 IST
NHB gives no objection to HDFC-HDFC Bank merger The entities are yet to receive approval from the Competition Commission of India (CCI) and the National Company Law Tribunal… By FE BureauAugust 10, 2022 03:00 IST
Poonawalla Fincorp aims AUM of Rs 42,000 crore by March 2025 Poonawalla Fincorp promoted NBFC with a majority stake owned by Rising Sun Holdings — a company owned and controlled by… By Geeta NairAugust 10, 2022 02:40 IST
Rejig between bonds & loans bumps up credit growth Reserve Bank of India (RBI) governor Shaktikanta Das said on Friday that the growth in bank credit has accelerated to… By Shritama BoseAugust 10, 2022 02:30 IST
AU Small Finance Bank raises Rs 2,000cr via QIP issue The lender said as many as seven participants in the QIP were offered more than 5 per cent each of… By PTIAugust 9, 2022 21:50 IST
Profit of public sector banks rises 9 pc to Rs 15,306 crore in April-June The highest percentage growth was recorded by Pune-based Bank of Maharashtra which earned a profit of Rs 452 crore against… By PTIAugust 9, 2022 20:15 IST
HDFC gets National Housing Bank nod for proposed merger with subsidiary bank The NHB has also approved the merger of two wholly-owned subsidiaries — HDFC Investments and HDFC Holdings Limited — of… By PTIAugust 9, 2022 16:54 IST
Affordable housing finance segment gaining strength, higher interest rates unlikely to hit profitability After posting muted growth in the financial year 2020-21, the affordable housing finance space grew 20% on-year in the fiscal… By Kshitij BhargavaAugust 9, 2022 15:14 IST
Bank Holidays August 2022: Banks to open on Muharram, Raksha Bandhan in these cities, check list Banks across the country will observe a holiday on Monday, 15 August 2022, to celebrate the occasion of Independence Day. By Surbhi JainAugust 9, 2022 10:06 IST
HDFC raises retail prime lending rate on home loans by 25 bps, HDFC Bank hikes MCLR HDFC (Housing Development and Finance Corporation) has announced a 25 bps hike in the retail prime lending rate (RPLR) on… By Harshita TyagiAugust 9, 2022 10:03 IST
Sundaram Finance PAT up 18% to Rs 226 cr, logs highest Q1 disbursements of Rs 4,895 cr Total income of the non-banking financial company stood at Rs 942 crore as against Rs 956 crore last year, registering… By FE BureauAugust 9, 2022 07:49 IST
Yono to onboard 100 million users by March: SBI Chairman Dinesh Khara SBI chief hopes to mobilise Rs 1 trillion worth of assets through the mobile app this year. By Shritama BoseAugust 9, 2022 06:00 IST
PM Modi, President Xi charting right course for ties: Chinese envoy on India-China’s ‘friendly cooperation’
How will GST new rates impact the financial sector? Jefferies lists out 3 big forces fuelling transformation
