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Tweak in key norms with eye on governance

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

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

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

PNB Q3 net profit slips 44 per cent to Rs 629 crore

On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) declining to 9.76 per cent…

By PTI

Updated: January 30, 2023 15:23 IST

Banks to remain closed for 10 days in February 2023; Check full bank holiday list here

Bank Holidays: Indian Banks will remain closed for ten days in February 2023 including second and fourth Saturdays, as well…

By Yash Sadhak Shrivastava

January 30, 2023 12:44 IST

Fincare confident of keeping pace with loan growth

The bank has entered eastern India with its first branch in Kolkata. The lender, which generally adds around 150 branches…

By Mithun Dasgupta

January 30, 2023 04:00 IST

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