Confident of sustaining Q2 bottomline growth performance in remaining quarters this fiscal 

The private sector lender had reported a net profit of ₹1,323 crore in the year ago quarter

During the year, the number of branches and employees of foreign banks in India also expanded by 0.6 per cent and 1.4 per cent, respectively

Yes Bank’s standalone net profit more than doubled to ₹5.53 billion for the financial second quarter from ₹2.25 billion in the same period a year earlier

Its consolidated total income stood at around Rs ₹13,706 crore in Q2 FY25, compared to Rs ₹13,092 in Q1 FY25

YES Bank targets 17-18% deposit growth, loan growth of 13-14% in FY25; CEO Prashant Kumar says this can be the ‘right time’ to acquire an MFI

SBI Chairman CS Setty accepted the award

Deposit to continue growing faster than credit in H2FY25

RBI is in no great hurry to immediately announce a nationwide rollout of the central bank digital currency (CBDC)

More than 1 lakh bank employees likely to be affected by DFS instruction to banks, says AIBEA General Secretary Venkatachalam

Jio Financial, helmed by veteran banker K.V. Kamath, already runs a shadow bank and an insurance brokerage and has joined forces with BlackRock Inc. to start an asset management business

Global deposits were ₹13,47,347 crore, up by 9.34 percent, while gross advances reached ₹10,11,997 crore growing by 9.53%

To focus on secured loan products

With a 10,000-branch network, MD & CEO Goel eyes significant growth opportunities to expand business and scale new heights.

Finova will use the funds to grow its loan book, invest in technology, expand geographically and further its vision of enabling financial inclusion at scale

The total income for the quarter touched ₹Rs109.79 crore and the company disbursed loans amounting to ₹Rs643.50 crore during the quarter

This feature allows users to move their holdings from CoinDCX’s custody to a decentralised decentralized wallet, meaning their assets will be stored directly on the blockchain

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

Bank prepared for Canara Robeco listing in Q4

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

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

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

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

The appointment is for a period of three years, and the individual is qualified for reappointment. The position will have a monthly salary of Rs ₹2.25 lakh (Level-17)

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

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

The facility for exchange of the ₹2000 banknotes is available at RBI’s 19 Issue Offices since May 19, 2023, per a central bank statement

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

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

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

The payments firm has set up POS terminals at villages in Tamil Nadu for payment of taxes and also for devotees making payments to temples.

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

Crosses over 100 million Monthly Transacting Users milestone

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

Reserve Bank of India has decided to designate SGrBs of 10-year tenor to be issued by the government in the second half of the fiscal year 2024-25 as ‘specified securities’ under the FAR

Axis Capital sees the SBI’s loan growth in at 15 per cent vs 16 per cent in the first quarter

Shriram Life sold 2.83 lakh individual policies, a 96 per cent increase from the previous year

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

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

A report by Chainalysis says India leads the world on global adoption index for crypto this year

A lump sum investment of ₹10 lakh at the time of inception in October 31, 2002 will be worth about ₹7.26 crore given compounded annual growth rate of 22 per cent

The largest token climbed as much as 6.1 per cent on Sunday and extended gains to hit an unprecedented $82,300 on November 11

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

Montreal : National Film Board of Canada, 2008

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Montreal : National Film Board of Canada, 2021

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