Banking & Finance

After training the over 3,000 POs and over 8,000 associates with some banking knowledge, they will be channelised into various business roles, according to the management.

It expects a fall in NIMs to 2.8-3 percent, she said, adding that the targets will be reviewed midway through the year.

For the full financial year the bank's net profit increased 26 percent to Rs 17,789 crore from Rs 14,110 crore in the preceding fiscal. Its total income increased to Rs 1,27,101 crore for the full year from Rs 99,614 crore in the preceding…

Net profit for the full year jumped 57% to Rs 6,318 crore as against Rs 4,023 crore in FY23.

At Rs 20,698 crore, SBI’s March quarter net income is much higher than that of the consolidated numbers of Reliance, which for decades has been the most profitable firm in the country.

For the full year ending March 2024, the New Delhi headquartered bank reported a net income of Rs 8,245 crore recording a robust 228.8 percent growth

Similarly, the bank also reported its highest ever annual earnings at Rs 2,656 crore for FY24, up from Rs 2,099 crore in FY23.

Last week, Das had said as much as 80% of all digital payments now take place through the UPI network, which has grown by a whopping 90-fold in the past 12 years

The circular issued by the court stated that providing a corporate guarantee without any payment between related companies should be considered a service.

The company proposes to utilize the net proceeds from the fresh issue to meet future capital requirements towards onward lending estimated to be Rs 760 crore in FY 2025.

Gurugram:  REC Limited, a Maharatna CPSE under Ministry of Power and a leading NBFC has received a 'No Objection Certificate' (NOC) from Reserve Bank of India  for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in…

For the full year, the bank said its net income jumped 55 percent to Rs 5,634 crore.

The Kotak Bank management, led by the new chief executive Ashok Vaswani and the joint managing director Shanti Ekambaram, admitted that the RBI action will impact business to some extent

Total deposits rose 15.66% YoY to Rs 2,70,747 crore as at March-end 2024.

Subbarao made the statement while responding to a question on the 2G scam case and the CAG's investigation of the presumptive loss to the government during the UPA-2 period.

The relaxed FPI participation includes 100% contribution limits to those FPIs submitting PAN card details of all their NRI/OCI/RIs constituents, along with their economic interest in the FPI, Sebi said.

Executive director Sandeep Batra told reporters that the bank's gross non-performing assets (NPAs) improved to 2.16 percent from 2.81 percent in the same quarter last year

Following the National Payment Corporation of India's (NPCI) approval on March 14 to onboard One 97 Communications Limited (OCL), which owns Paytm, as a third party application provider (TPAP) on the Multi Payment Service Provider API…

In September 2021, the country’s forex kitty had reached a high of USD 642.453 billion, which was breached in March this year.

According to RBI, a digital view will provide a host of details to ensure that customers have prior information about potential lenders to make an informed decision on a loan product.