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Ujjivan Small Finance Bank reports Rs 293 crore net profit in December quarter

RBI seeks details of banks’ exposure to Adani Group

On Wednesday, Swiss lender Credit Suisse stopped accepting bonds by Adani group companies as collaterals for margin lending.

By PTI

February 2, 2023 17:53 IST

hdfc, hdfc mortgage lender, hdfc profit, hdfc news,

HDFC misses Q3 profit view on higher funding costs

Housing demand has remained strong in India despite a flurry of interest rates hikes last year, as a burgeoning rising…

By Reuters

February 2, 2023 16:10 IST

banking, banking news, budget 2023, union budget 2023-24,

Tweak in key norms with eye on governance

As on April 1, 2020, there are 12 public sector banks in which the government holds more than 50% stake.…

By Ajay Ramanathan

Updated: February 2, 2023 02:40 IST

Budget extends tax neutrality to offshore funds coming to GIFT IFSC

The Budget has permitted acquisition financing by IFSC banking units of foreign banks and will recognize offshore derivative instruments as…

By Ashley Coutinho

February 2, 2023 01:45 IST

Budget announces host of measures to enhance business in IFSC

FICCI President Subhrakant Panda said the announcements captured the pulse of the economy while retaining credibility both in terms of…

By PTI

Updated: February 1, 2023 18:43 IST

Shiram Finance eyes expansion in small enterprises segment

Shriram Finance eyes expansion in small enterprises segment

Currently, 80% of Shriram Finance’s branches are located in southern and western states, and the remaining 20% is located in…

By Ajay Ramanathan

February 1, 2023 04:55 IST

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Sundaram Home Finance profit up 51% to Rs 53 cr

Lakshminarayanan Duraiswamy, MD, Sundaram Home Finance, said, “Residential real estate sales are on a multi-year high.

By FE Bureau

February 1, 2023 04:45 IST

Chola net up 31% to Rs 684 cr

The company continues to hold a strong liquidity position with Rs 7,396 crore as cash balance as of December 2022…

By FE Bureau

February 1, 2023 03:10 IST

RBI partially relaxes curbs on SBM Bank India till March 15

The relaxation will be effective till March 15 or till a further order by the RBI. Last week, the central…

By FE Bureau

February 1, 2023 03:00 IST

Industrial credit growth slows down in December

Loan growth to large industries stood at 7%, while credit to medium industries grew 15.4% in December. Credit growth in…

By FE Bureau

February 1, 2023 02:45 IST

PNB’s net falls 44% as provisions rise

Punjab National Bank’s global gross advances grew by 13.43% y-o-y to Rs 8.6 trillion as on December 31.

By Ajay Ramanathan

January 31, 2023 04:45 IST

White-label ATM operators seek hike in interchange fee

In 2021, the RBI hiked the interchange fee for cash transaction to Rs 17 from Rs 15 earlier. It simultaneously…

By Ajay Ramanathan

January 31, 2023 02:15 IST

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‘Enough fiscal cushion in Budget to deal with external shocks’

Key tax refund scheme outlay hiked 10% for FY24

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