Banking & Finance

The portal, launched by RBI Governor Shaktikanta Das, has been developed to help the public to make it easier for them to search their unclaimed deposits across banks in one place.

The uptick in inflation in its June reading mutated in July, with the unprecedented shock to tomato prices spilling over to prices of other vegetables, said the article on 'State of the Economy'.

The difference between the interest generated and the interest paid by the bank increased by 25%, bringing the bank's net interest revenue up to Rs 38,904.9 crore.

The sale of SBI infrastructure bonds generated Rs. 10,000 crore. The bonds got 115 bids from various investors, including corporate investors, provident funds, pension funds, insurance firms, and mutual funds.

“Certainly, one of the things that we think is not very far off is even instantaneous settlements on the stock exchange,” Buch said in a press conference.

Paytm CEO Vijay Shekhar has stated that the company will begin to produce free cash flow by the end of the year. Sharma stated that the company is on track to meet its committed parameters of becoming free cash flow positive by the end of…

Paytm's loss comes in around 358 crores of rupees. The company's revenue from operations climbed by 39.4 percent during the reported quarter, reaching 2,341.6 crore as compared to the previous quarter's total of 1,679.6 crore, which was…

The quarterly net profit for ICICI Prudential rose by 33 percent to 207 crore rupees. ICICI Prudential Life said on Tuesday that its net profit for the first quarter of the current fiscal year (Q1FY24), which ran from April to June,…

Cooperation Minister Amit Shah said 1.78 crore small investors whose money up to Rs 30,000 is stalled will get it recovered, a fantastic achievement.

Its quarterly revenue grew to Rs 61,021 crore from Rs 44,202 crore.

According to data from the RBI, expenditure on credit cards reached a new all-time high of Rs. 1.4 lakh crore in May. In addition, the number of cards currently in use has increased by more than 5 million since January and surpassed 87.4…

Uday Kotak to remain non-executive board member after retirement. The banker said the regulatory climate must be bold to foster entrepreneurship while supporting policy.

RBI, CBUAE agree to encourage rupee, UAE dirham cross-border trade. In the presence of Prime Minister Narendra Modi and UAE President Sheikh Mohamed Bin Zayed Al Nahyan, the governors signed the agreements.

As the central bank has been pressuring banks to integrate the interoperability between CBDC and UPI, other banks are anticipated to announce initiatives along similar lines.

This gives customers more options to choose and closes door for any exclusive tie-ups between banks and card networks.

The merger of HDFC Bank and HDFC will catapult the new entity into the league of global banking giants.

A firm trend in financial, realty, tech and IT counters supported the domestic equities. Sensex gained 446.03 points or 0.71% to settle at 63,416.03 points.

The swap ratio will be announced after the board meetings on June 29 where both companies will consider the delisting proposal.

“It is axiomatic that the path to high but sustainable inclusive growth has to be paved by price stability.

Kumar traded in the company's shares when in possession of UPSI regarding the issuance of Form 483 by the USFDA to Wockhardt's manufacturing facility at Waluj in Maharashtra.