Banking & Finance India’s fintech sector raises $889 million in H1 2025, trails past periods of 2024: Tracxn report Banking & Finance
Is your banking & insurance contact center falling behind? Voice bots are the key to staying competitive
RBI penalises eight co-op banks Garha Co-operative Bank Limited, Guna (Madhya Pradesh) and the Goa State Co-operative Bank, Panaji are the two other banks on… By PTIAugust 8, 2022 22:24 IST
City Union Bank Q1 net rises 30 pc to Rs 225 cr In value terms, the gross NPAs stood at Rs 1,904 crore, down from Rs 2,035 crore. Net NPAs or bad… By PTIAugust 8, 2022 21:05 IST
Fast-track asset transfers to bad bank, IBA tells lenders The IBA, which had spearheaded the NARCL initiative, has asked lead banks in consortiums to expedite deliberations on the issue… By Banikinkar PattanayakAugust 8, 2022 05:45 IST
Smaller PSBs take to undercutting in project finance market Interestingly, quite a few PSBs – SBI, BoB and Canara Bank among them – have reported a sequential fall in… By Shritama BoseAugust 8, 2022 05:15 IST
Q1 earnings a mixed bag for PSBs The bank may see some bad loans from the SME-restructured loans and has made provisions for the same. SBI’s gross… August 8, 2022 02:00 IST
Banks increase RLLR rates ICICI Bank’s EBLR, which is pegged to repo rate, stands at 9.10%. By FE BureauUpdated: August 7, 2022 08:50 IST
IOB net up 20% to ₹392 cr on lesser bad loans, looks to raise ₹1,000 cr through QIP The bank has evolved a policy of not taking fresh exposures in stressed sectors, below hurdle rated accounts and BB… By FE BureauAugust 7, 2022 01:30 IST
HDFC files application with NCLT for merger of HDFC Investments, HDFC Holdings with HDFC Bank HDFC Bank has already received in-principle approval from the Reserve Bank (RBI) for the merger with HDFC Ltd, among other… By PTIAugust 6, 2022 21:47 IST
Indian Overseas Bank to raise 1,000 crore, says MD “The bank is now looking at its capital front for the year. We may have to go and raise some… By PTIAugust 6, 2022 21:15 IST
IOB Q1 net profit rises 20 pc to Rs 392 cr The bank’s total income declined to Rs 5,028 crore in the first quarter of 2022-23, as against Rs 5,607 crore… By PTIAugust 6, 2022 18:56 IST
SBI Q1 net profit falls 6.7% on-year against expectation, India’s largest PSU bank nets only Rs 6068 crore The State Bank of India reported a 6.7 per cent year-on-year fall in net profit for the quarter ended 30… By Surbhi JainUpdated: August 6, 2022 14:15 IST
State Bank of India Q1 results preview: Net profit expected to grow in double digits, led by pickup in loans State Bank of India is expected to continue its strong earnings growth in the April-June quarter, growing net profit in… By Kshitij BhargavaAugust 6, 2022 08:03 IST
Costlier loans may not hurt credit demand, say bankers Rajiv Anand, deputy MD, Axis Bank, said credit demand was unlikely to be hurt, adding that demand was coming in… By FE BureauAugust 6, 2022 06:15 IST
HDFC raises $1.1 billion in debt for affordable housing “Affordable housing is a critical component of quality infrastructure as also a growth driver for the real estate industry and… By FE BureauAugust 6, 2022 03:15 IST
UCO Bank net profit rises 21% to Rs 124 crore The bank’s net profit for the year-ago period stood at Rs 101.81. By Mithun DasguptaAugust 6, 2022 02:45 IST
ICICI Bank, PNB hike external benchmark based lending rates ICICI Bank External Benchmark Lending Rate (I-EBLR) is referenced to RBI policy repo rate with a mark-up over repo rate,… By PTIAugust 5, 2022 21:39 IST
Banks cannot perennially rely on RBI money to support credit offtake: Shaktikanta Das This is the third hike in a row by the RBI since May this year in its fight against inflation… By PTIAugust 5, 2022 17:19 IST
RBI to widen Internal Ombudsman mechanism by including CICs The Reserve Bank-Integrated Ombudsman Scheme (RB-IOS) has improved the customer grievance redressal mechanism. By PTIAugust 5, 2022 14:05 IST
Ringside view by Tushar Bhaduri: Holding domestic league games abroad a cash-grab exercise in football
