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 PTIFebruary 2, 2023 17:53 IST
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 ReutersFebruary 2, 2023 16:10 IST
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 RamanathanUpdated: 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 CoutinhoFebruary 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 PTIUpdated: February 1, 2023 18:43 IST
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 RamanathanFebruary 1, 2023 04:55 IST
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 BureauFebruary 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 BureauFebruary 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 BureauFebruary 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 BureauFebruary 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 RamanathanJanuary 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 RamanathanJanuary 31, 2023 02:15 IST
8 Photos Budget 2023: FM Nirmala Sitharaman matches her outfit with the Bahi Khaata Tab; See Photos 2 days agoFebruary 1, 2023
10 Photos In Pics: Amid rain, Beating the Retreat ceremony held at Vijay Chowk, marks the end of Republic Day celebrations 4 days agoJanuary 29, 2023
16 Photos Mughal Gardens now Amrit Udyan! Roses, tulips, other seasonal flowers beautify the gardens of Rashtrapati Bhavan – See Beautiful Photos 5 days agoJanuary 29, 2023