Latest se news

CoinDCX integrates decentralised custody inside its app

By www.thehindubusinessline.com
Published On :: Wed, 30 Oct 2024 19:29:03 +0530

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

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Fri, 01 Nov 2024 18:07:37 +0530

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

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Sat, 02 Nov 2024 09:13:24 +0530

Bank prepared for Canara Robeco listing in Q4

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Sun, 03 Nov 2024 10:21:12 +0530

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

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Sun, 03 Nov 2024 12:08:18 +0530

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

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Markets

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

By www.thehindubusinessline.com
Published On :: Sun, 03 Nov 2024 19:34:48 +0530

Bankers expect pressure on NIM to continue in Q3

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Mon, 04 Nov 2024 10:46:47 +0530

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

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Mon, 04 Nov 2024 18:38:19 +0530

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

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Mon, 04 Nov 2024 20:58:24 +0530

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

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Tue, 05 Nov 2024 08:59:29 +0530

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

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Money & Banking

Bandhan Group enters IT services with the acquisition of Genisys Group

By www.thehindubusinessline.com
Published On :: Tue, 05 Nov 2024 10:27:08 +0530

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

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Tue, 05 Nov 2024 19:58:43 +0530

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

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Tue, 05 Nov 2024 21:19:30 +0530

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

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Money & Banking

PB Fintech reports ₹51 crore profit in Q2, overcoming previous losses

By www.thehindubusinessline.com
Published On :: Tue, 05 Nov 2024 22:07:07 +0530

Although this profit figure is lower than the ₹60 crore recorded in the previous quarter, it marks the fourth consecutive profitable quarter for the company.

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Wed, 06 Nov 2024 12:57:45 +0530

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

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Money & Banking

Use-case approach to drive digital payments, says Worldline India CEO

By www.thehindubusinessline.com
Published On :: Wed, 06 Nov 2024 16:05:31 +0530

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.

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Money & Banking

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

By www.thehindubusinessline.com
Published On :: Wed, 06 Nov 2024 17:12:00 +0530

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

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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

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

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

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

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