Latest s news

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

By www.thehindubusinessline.com
Published On :: Wed, 06 Nov 2024 20:15:19 +0530

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

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Money & Banking

Large MFIs see sharp rise in NPAs, lower profit in Q2

By www.thehindubusinessline.com
Published On :: Thu, 07 Nov 2024 12:27:49 +0530

Bankers are expecting another muted earnings quarter in Q3, and better business performance from Q4 onwards

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Money & Banking

RBI designates 10-year Sovereign Green Bonds under FAR for investment by non-residents

By www.thehindubusinessline.com
Published On :: Thu, 07 Nov 2024 20:47:47 +0530

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

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Money & Banking

Results preview: SBI’s second-quarter net profit may rise 20%

By www.thehindubusinessline.com
Published On :: Fri, 08 Nov 2024 10:34:37 +0530

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

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Money & Banking

Shriram Life’s individual new business premium soars 57% in H1 FY25

By www.thehindubusinessline.com
Published On :: Fri, 08 Nov 2024 17:47:41 +0530

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

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Money & Banking

SBI Q2 PAT rises 28 per cent to ₹18,331 crore on higher other income

By www.thehindubusinessline.com
Published On :: Fri, 08 Nov 2024 18:56:40 +0530

Higher non-interest income aids PAT growth; NIM moderates q-o-q

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Fri, 08 Nov 2024 20:30:08 +0530

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

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Money & Banking

Banks offer to park higher amount with RBI via VRRR route

By www.thehindubusinessline.com
Published On :: Fri, 08 Nov 2024 21:35:21 +0530

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

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Money & Banking

Sundaram Home expands into Chhattisgarh with new Raipur branch

By www.thehindubusinessline.com
Published On :: Sat, 09 Nov 2024 15:38:39 +0530

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

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Sun, 10 Nov 2024 15:29:31 +0530

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

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Crypto Currency

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

By www.thehindubusinessline.com
Published On :: Sun, 10 Nov 2024 19:07:55 +0530

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

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Money & Banking

Bitcoin nears $80k, little progress on crypto regulation in India

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 10:11:12 +0530

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

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Crypto Currency

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

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 14:43:36 +0530

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

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Crypto Currency

ICICI Prudential Multi asset completes 22 years

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 14:51:39 +0530

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

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Money & Banking

Bitcoin soars above $82,000 as Trump win boosts Crypto prospects

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 16:40:30 +0530

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

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Crypto Currency

Max Life integrates Swiss Re’s digital health underwriting into its operations

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 18:15:22 +0530

Real-time risk assessment using Swiss Re’s digital health solution is expected to enhance efficiency and elevate the customer experience

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 21:01:03 +0530

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

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 22:13:54 +0530

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

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Money & Banking

Delhi Insurance Ombudsman Office clears all complaints of 2023-24

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 22:15:00 +0530

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

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Money & Banking