Banking & Finance The future of Insurance in India must cover several risks to enable growth Banking & Finance
RBI suggests good practices for banks to deal with climate change “Regulated entities (RE) may carry out substantial measures to mitigate or refrain from climate-related risks that are not in accordance… By FE BureauJuly 28, 2022 04:45 IST
Home First Finance Q1 profit rises 46% y-o-y The company’s disbursements grew by 117% y-o-y to Rs 661 crore in Q1FY23. Assets under management (AUM) grew by 35.8%… By FE BureauJuly 28, 2022 03:50 IST
RBI’s digital payments index at 349.30 in March 2022 The central bank had developed the composite RBI-DPI with March 2018 as the base year to assess the extent of… By FE BureauJuly 28, 2022 03:20 IST
Bajaj Finance Q1 profit soars 159% New loans booked during Q1 grew 60% to 7.42 million, against 4.63 million in Q1FY22 – that’s 8.2 lakh loans… By FE BureauJuly 28, 2022 03:10 IST
Ujjivan SFB posts first quarter net profit of Rs 203 crore The brokerage estimates credit costs of 1.6% for FY23 to account for slippages in the near term from the non-NPL… By FE BureauJuly 28, 2022 03:05 IST
Digital payments record 29% annual growth at March-end 2022, shows RBI data The newly constituted RBI’s digital payment index stood at 349.3 in March 2022 against 304.06 in September 2021 and 270.59… By PTIJuly 27, 2022 19:53 IST
Engagement of banks’ board-level management on environment issues inadequate, says RBI survey Climate risk and sustainable finance has caught the attention of regulators, national authorities and supra-national authorities across the world. By PTIJuly 27, 2022 19:34 IST
IIFL Finance net profit rises 24% to Rs 330 crore in June quarter During the quarter, the company’s subsidiary IIFL Home Finance approved an investment transaction from a wholly-owned subsidiary of Abu Dhabi… By PTIJuly 27, 2022 19:19 IST
Union Bank profit rises 32% as provisions slide The pre-provisioning operating profit (PPOP) improved by 2.7% YoY to Rs 5,448 crore, supported by non-interest income. By FE BureauJuly 27, 2022 03:55 IST
June quarter report card: Private banks’ operating profits lag as treasury losses weigh Kotak Mahindra Bank’s 30-bps NIM expansion to 4.92% surprised analysts, which was brought about by a change in the asset… July 27, 2022 03:30 IST
Union Bank of India Q1 net profit up 32% at Rs 1,558 crore on higher NII, lower bad loans The bank had reported a standalone PAT of Rs 1,181 crore in the corresponding quarter of the preceding fiscal. By PTIJuly 26, 2022 19:00 IST
Axis Bank Q1 profit nearly doubles as provisions plunge MD says the bank hasn’t yet decided a date on integration of Citibank India’s consumer portfolio business and will do… By FE BureauJuly 26, 2022 03:15 IST
KVB net profit more than doubles to Rs 229 cr in Q1 Net interest income for the quarter improved 17% to Rs 746 crore for the current quarter vis-à-vis Rs 638 crore… By FE BureauJuly 26, 2022 01:20 IST
Banks to weigh NARCL’s offer against promoter bid State Bank of India, ICICI Bank, IDBI Bank, Bank of Baroda and Tata Capital Financial Services are secured creditors to… By Shritama BoseJuly 26, 2022 00:45 IST
Canara Bank Q1 profit jumps 72% on higher income The bank reported a total income of Rs 23,352 crore, up 11.5% YoY. By FE BureauJuly 26, 2022 00:30 IST
Canara Bank profit rises 72 pc to Rs 2,022 crore on higher interest income, loan growth Gross domestic advances of the bank grew by 13.14 per cent to Rs 7,48,140 crore and deposits rose by 8.49… By PTIJuly 25, 2022 19:03 IST
Karur Vysya Bank net jumps to Rs 229 crore in June quarter Total income rose to Rs 1,672.60 crore in Q1FY23 as against Rs 1,579.26 crore in Q1FY22. By PTIJuly 25, 2022 18:52 IST
Axis Bank profit nearly doubles to Rs 4,125 crore in April-June The private sector bank had registered a net profit of Rs 2,160 crore in the corresponding quarter of the previous… By PTIJuly 25, 2022 17:42 IST
‘TMC will fight anti-people policies’: Mahua Moitra claims Mamata Banerjee’s credit for GST rollback on health insurance
‘Biggest disaster in Portugal in 24 years’: At least 15 dead as Lisbon’s historic Gloria funicular derails
