an

Sundaram Home Finance reports lower net profit in Q2 & H1

The company’s newly launched Emerging Business segment, focusing on small business loans and affordable housing finance, disbursed Rs.₹42 crore during the second quarter of 2024



  • Money & Banking

an

UPI sets new record, transactions rise to 16.58 billion in October

Festival season spending aided the 45 per cent y-o-y rise in October UPI transactions



  • Money & Banking

an

IIFL Finance grows its gold loan portfolio by ₹2,000 cr about a month after RBI lifted lending ban

IIFL Finance’s gold loan book had shrunk from ₹26,000 crore in early March 2024 to ₹10,000 crore by September 19, 2024



  • Money & Banking

an

Don’t see tapering of deposit rates in near term, Canara Bank MD says

Bank prepared for Canara Robeco listing in Q4



  • Money & Banking

an

SBI appoints Debasish Mishra as Chief General Manager of its New Delhi Circle

Debasish Mishra has experience across Credit, Operations, Forex, IT, HR, and MSME sectors, both in India and overseas



  • Money & Banking

an

For new players, existing expense of management regulations are a challenge: Zuno General Insurance CEO

Zuno General Insurance continued to grow faster than the industry in the second quarter of this fiscal, says Shanai Ghosh, MD & CEO of the company



  • Money & Banking

an

SEBI proposes ₹1 crore minimum investment, mandatory demat form for securitised debt instruments

Securitised debt instruments (SDIs) issued privately to be offered to a maximum of 200 investors, public offers to remain open for a minimum of three days and a maximum of 10 days, proposes SEBI




an

Punjab & Sind Bank launches e-bank guarantee facility 

This new facility replaces paper-based BG issuance process with stamping and signatures



  • Money & Banking

an

Banks’ NIM falls in Q2 as RBI penal charge diktat takes effect, deposit cost rises

Bankers expect pressure on NIM to continue in Q3



  • Money & Banking

an

Urban co-op banks’ body to facilitate buying and selling of priority sector loans

The National Urban Cooperative Finance and Development Corporation will help mid and small sized UCBs upgrade their technology architecture and ensure the sector’s money remains within the sector



  • Money & Banking

an

Sundaram Finance reports a 7% drop in Q2 profit, H1 profit stays flat

Quarterly disbursements slightly decreased to ₹6,860 crore from ₹6,941 crore year-on-year



  • Money & Banking

an

Indian Overseas Bank launches online Re-KYC service for hassle-free updates

This new digital service allows customers to update their KYC information without visiting the bank branch, utilising three accessible channels: the IOB website, SMS, or email



  • Money & Banking

an

JC Flowers ARC seeks bids to sell ₹2,613 crore of bad loans via Swiss challenge mode

The NPAs on block were part of YES Bank’s legacy bad loan portfolio.



  • Money & Banking

an

Regional Rural Banks may see a fourth round of amalgamation; number of banks likely to come down from 43 to 28

The proposed move is part of the Government’s ‘One State-One RRB’ goal



  • Money & Banking

an

Bandhan Group enters IT services with the acquisition of Genisys Group

Genisys Group’s service spans digital application lifecycle management, cloud native solutions, data management, digital media operations and business process outsourcing



  • Money & Banking

an

CARE Ratings assigns ‘AA’ rating to Karur Vysya Bank’s fixed deposits

The agency noted that KVB’s advances grew by 16 per cent year-on-year



  • Money & Banking

an

Aptus Value Housing posts 16% rise in Q2 standalone net at ₹137 cr

The Company achieved a 22 per cent % year-on-year increase in net profit in Q2 FY25, driven by business growth, stable asset quality, and a continuous focus on enhancing productivity



  • Money & Banking

an

Shriram General Insurance posts 17% rise in Q2 net at ₹140 cr

Shriram General’s Gross Written Premium rose by 15% to ₹861 crore during the same period.



  • Money & Banking

an

Manappuram Finance post 2% rise in Q2 net profit at ₹572 crore 

Total consolidated operating income for the quarter was ₹2,633.1 crore, a 22.1 per cent increase from the same quarter last year



  • Money & Banking

an

Deutsche Bank infuses ₹5,113 crore capital into India operations

Over the last decade, the bank has significantly increased its capital investments, tripling the capital base for Deutsche Bank Group in India



  • Money & Banking

an

IFC invests $400 million in Bajaj Finance, aiming to quadruple climate loans by 2027

This investment is part of BFL’s $1 billion fundraising goal and aims to support India’s climate goals while promoting financial inclusion



  • Money & Banking

an

Airtel Payments Bank Q2 net up 45% at ₹11.2 crore, revenue up 58%

Crosses over 100 million Monthly Transacting Users milestone



  • Money & Banking

an

Change in stance doesn’t mean that the next step is a rate cut in the very next meeting: RBI Guv Das

RBI Governor Das explains change in stance, emphasizes balanced growth-inflation approach



  • Money & Banking

an

LIC Q2FY25 results second quarter standalone net profit declined about 4%

Second quarter standalone net profit declined about 4 per cent year-on-year (y-o-y) to Rs ₹7,621 crore



  • Money & Banking

an

Banks offer to park higher amount with RBI via VRRR route

This is the first time in many months when the bid amount was higher than the notified amount



  • Money & Banking

an

Sundaram Home expands into Chhattisgarh with new Raipur branch

Earlier in 2024, Sundaram Home Finance bolstered its presence in non-South regions with branch openings in Mumbai and Kota, Rajasthan



  • Money & Banking

an

Bitcoin nears $80,000 for first time as Trump’s pro-crypto stance sparks market optimism

The cryptocurrency climbed as much as 4.3 per cent to an unprecedented $79,771 on Sunday




an

Finance Minister launches five Nari Shakti branches of Union Bank of India for women entrepreneurs

Union Bank of India opens Nari Shakti branches in Bengaluru, Chennai, Visakhapatnam, and Jaipur



  • Money & Banking

an

FTX sues Binance, former CEO Zhao seeking $1.8 billion clawback

Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison




an

Standard Chartered sets sights on economic hubs to drive affluent client growth

The strategy is designed to tap into India’s burgeoning wealth market, with the high-net-worth (HNW) client base expected to soar from 0.7 million two years ago to 1.7 million by 2028



  • Money & Banking

an

Bank of India reports 63% jump in Q2FY25 net profit at ₹2,374 crore

The profitability comes despite the public sector bank seeing 111 per cent y-o-y jump in loan loss provisions at ₹1,427 crore 



  • Money & Banking

an

Delhi Insurance Ombudsman Office clears all complaints of 2023-24

All 3,443 complaints received in 2023-24 have been disposed, says Sunita Sharma, Insurance Ombudsman 



  • Money & Banking

an

Ashes of Doom / directed by: Grant Munro, Don Arioli ; produced by: Robert Verrall, Wolf Koenig ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2008




an

The Circle / directed by: Mort Ransen ; produced by: John Kemeny ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2020




an

Monkey on the Back / directed by: Julian Biggs ; produced by: Grant McLean ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2016




an

Eye Witness No. 74 / directed by: Jack Long, William Davidson ; produced by: Jack Olsen, Nicholas Balla ; production agency: National Film Board of Canada (Ottawa)

Montreal : National Film Board of Canada, 2024




an

Beyond Kicks / directed by: Gary Toole ; produced by: Michael McKennirey, George Pearson ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2021




an

Still Longshots / directed by: David Finch, Maureen Marovitch ; produced by: Dan Emery, David Finch, Germaine Ying Gee Wong, Sally Bochner, Ravida Din ; production agencies: Picture This Productions (Montreal), National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2018




an

Bevel Up - Drugs, Users and Outreach Nursing / directed by: Nettie Wild ; produced by: Fiona Gold, Juanita Maginley, Betsy Carson, Nettie Wild, Svend-Erik Eriksen, Rina Fraticelli ; production agencies: National Film Board of Canada (Montreal), British Co

Montreal : National Film Board of Canada, 2016




an

The Moccasin Game / directed by: Frank Corcoran ; produced by: Dennis Sawyer ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2019




an

Turnaround : A Story of Recovery / directed by: Moira Simpson ; produced by: Jennifer Torrance, Moira Simpson, John Taylor, Kathleen Shannon ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2017




an

The Agony of Jimmy Quinlan / directed by: George Mihalka, George Williams ; produced by: Robert Duncan, Janice Brown, Andy Thomson, Peter Katadotis ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2008




an

An Easy Pill to Swallow / directed by: Robert Lang ; produced by: Tom Daly, Arthur Hammond ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2013




an

Poundmaker's Lodge : A Healing Place / directed by: Alanis Obomsawin ; produced by: Andy Thomson, Alanis Obomsawin, Marrin Canell, Robert Verrall ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2013




an

If Only ... / directed by: Marc Aubry ; produced by: Robert Forget ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2021




an

My Little Underground / directed by: Élise Simard ; produced by: David Verrall, Roddy McManus, Michael Fukushima ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2012




an

Donna's Story / directed by: Doug Cuthand ; produced by: Graydon McCrea, Jerry Krepakevich ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2011




an

For John / directed by: Dale Montour ; produced by: Alanis Obomsawin, Sally Bochner ; production agency: National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2018




an

Kamitshikaut / directed by: Shaushiss Fontaine ; produced by: Manon Barbeau ; production agencies: National Film Board of Canada (Montreal), Corporation Wapikoni mobile (Montreal)

Montreal : National Film Board of Canada, 2023




an

Alone in the Abyss / directed by: Claudie Ottawa ; produced by: Manon Barbeau, Patricia Bergeron, Manon Barbeau, Yves Bisaillon, Ravida Din ; production agencies: Corporation Wapikoni mobile (Montreal), National Film Board of Canada (Montreal)

Montreal : National Film Board of Canada, 2018