Banking & Finance

Mumbai: The second-largest lender, HDFC Bank, reported a strong 35.33 percent increase in net income at Rs 16,174.75 crore for the June quarter. Although the numbers are not comparable because the merger with its parent company only went…

MUMBAI: Warning banks and non-banks in particular and all lenders in general again over the falling deposit mobilisation and increasing credit offtake, leading to asset liability mismatches, Governor Shaktikanta Das has said the Reserve…

The Thrissur, Kerala-based old generation private sector lender South Indian Bank has reported 45.4 percent on-year growth in net income at Rs 294 crore for the June quarter boosted by improved asset quality and higher income from rising…

MUMBAI: Tamil Nadu-based old-generation, mid-sized private sector lender Karur Vysya Bank has reported a 28 per cent on-year growth in net income at Rs 459 crore for the June quarter. The better performance is driven by robust fee and…

At present, there are 2,731 CFP professionals in India against 2. 23 lakh worldwide. By 2030, there will be around 10,000 CFPs in India as against the requirement of 1,00,000 due to huge demand, said FPSB India CEO Krishan Mishra.

In an order, the Supreme Court upheld the petition that sought natural justice and directed the banks to give time and offer detailed explanation the borrower, and also asked the Reserve Bank to issue new directions towards the same.

The research was based on an online survey of over 6,000 consumers along with more than 1,000 merchants through offline and online methods across 120 cities.

During the 13.5-hour upgrade HDFC Bank customers will only be able to use their debit cards and credit cards for online transactions.

Governor Shaktikanta Das said inflation journey is progressing as per expectations, but added that it is the last mile of the journey towards 4%, which will be the most difficult or sticky.

Gurugram:  REC Limited, a leader in the Indian power sector and  MAHARATNA has successfully availed a green loan of JPY 31.96 Billion (USD 200 million) to finance eligible green projects in India. This strategic investment reinforces REC's…

The total number of bids stood at 120 indicating wider participation by provident funds, pension funds, insurance companies, mutual funds.

Under the current norms, a unitholder holding a significant portion of units in an InvIT or REIT has the right to nominate a director, provided their unitholding exceeds a specified threshold.

This came even as many a voice, including by Raghuram Rajan, former governor of the RBI, spoke against it citing the net negative returns from the scheme even in the medium term.

According to the provisional data released by the central bank, the country added 46.7 million new jobs in FY24, taking the total to 643.3 million, up 6 percent from 596.7 million in FY23.

The budget is likely to revise revenue receipts upwards by Rs 1.2 trillion in FY25, while pegging a relatively shallower increase in the revenue expenditure.

In this regard, he commended the SAT for holding virtual hearings since the pandemic.

There is a need for banks to ensure robust cybersecurity controls and effectively manage third-party risks, Das said.

The rupee also remained range bound and closed with a gain of 0.04 paise at 83.55 to the greenback.

Mumbai: The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics in multiple areas in order to develop cutting-edge systems for high frequency and real-time data monitoring and analysis, RBI…

Mumbai; The country’s biggest lender State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 per cent that is payable annually. The proceeds of the bonds will be utilised in…