Banking & Finance RBI directs banks to adopt DoT’s Financial Fraud Risk Indicator system for real-time fraud detection Banking & Finance
DBS Bank hikes rates on fixed deposits Several domestic banks have raised their fixed deposit rates since the policy rates were increased by the Reserve Bank of… By FE BureauJuly 30, 2022 01:50 IST
PNB aims to recover Rs 32,000 crore from bad loans resolution this fiscal The Asset Liability Committee (ALCO) of the bank would be meeting on Saturday to take a call on raising the… By PTIJuly 29, 2022 20:37 IST
Vijay Shekhar Sharma’s salary: Paytm boss has come a long way from Rs 10,000 a month to crores of rupees now The 44-year old technology entrepreneur’s total remuneration for FY 2021-22 was Rs 4 crore, which included a salary of Rs… By Tanya KrishnaJuly 29, 2022 18:49 IST
NARCL to start operation with Rs 50,000 cr stressed loan by September: PNB MD NARCL will try to identify and acquire assets on 15:85 cash and security receipts (SRs) basis. By PTIJuly 29, 2022 18:17 IST
Future of fintechs is in lending-led players, not payments: Report As against this sharp fall, funding to the sector jumped a whopping 157 per cent year-on-year growth to USD 8… By PTIJuly 29, 2022 15:33 IST
HDFC reports 22% jump in net profit in Q1, misses estimates; individual loans grow highest in 8 yrs Shares of HDFC were trading 1% higher on Friday at Rs 2,360 per share. By Kshitij BhargavaUpdated: July 29, 2022 14:30 IST
From a world where money had zero price to a point where money comes at a price: Uday Kotak We have moved from a world where money had zero price to a point where money does come at a… By FE BureauJuly 29, 2022 10:01 IST
Federal Bank hikes NRE deposit rates for limited period The special rates – 80 bps above existing rates – will be available between July 28 and August 4. They… By FE BureauJuly 29, 2022 08:52 IST
Srei: Auditor hints at Rs 2,000-crore fraudulent transactions According to the transaction auditor reports, three entities — Shristi Group, Samsara Energy (earlier known as Quippo Energy) and Viom… By Mithun DasguptaJuly 29, 2022 08:44 IST
Banking system liquidity drops below Rs 50,000 crore Non-food credit outstanding at banks grew 13.5% year-on-year (y-o-y) during the fortnight ended July 15, while deposits grew 8.35%. By Shritama BoseJuly 29, 2022 06:00 IST
PSBs to have third-party survey on benefits to customers Public sector banks (PSBs) have also been asked to develop business models, in keeping with the requirements of the GenNext… By Banikinkar PattanayakJuly 29, 2022 05:50 IST
PNB Q1 net profit plunges 70% Shares of the lender PNB on Thursday closed up 1.9% on the BSE (the results came in after the market… By FE BureauJuly 29, 2022 04:30 IST
Personal loans, industrial offtake drive credit growth to 13.46% The non-food credit growth remained over 13% for July. July 29, 2022 03:50 IST
RBI issues two circulars: Transition to CoF, payment aggregator norms to be eased While reiterating that with effect from October 1, no entity in the card transaction chain, other than card issuers and… By FE BureauJuly 29, 2022 03:10 IST
SBI Cards net profit jumps 106% in Q1 The company’s total revenue from operations grew by 31% y-o-y to Rs 2,362 crore in Q1FY23. By FE BureauJuly 29, 2022 02:40 IST
Neobanking market to surge three times to USD 11.65 billion by FY25: Report Due to the sheer scale of the Indian market, there is a substantial opportunity for neobanking to create value for… By PTIJuly 28, 2022 19:00 IST
Bank deposit rates set to rise sharply soon: Report Banks’ reliance on CDs has been increasing in recent months to fund incremental credit demand with the CD outstanding volume… By PTIUpdated: July 28, 2022 17:55 IST
HDFC Q1 results preview: Strong profit growth expected, aided by real estate financing Analysts on Dalal Street expect HDFC to post healthy growth in net profit and overall business led by improving traction… By Kshitij BhargavaJuly 28, 2022 16:15 IST
