Search result for 'banking'

Sensex, Nifty Rise on Positive Global Trends - PTI

October 14, 2024 10:20

Indian equity benchmarks Sensex and Nifty climbed in early trade on Monday, driven by banking and financial stocks and a positive global market trend. Read more.

Indian Overseas Bank Opens Retail Loan Processing Centres

October 13, 2024 14:27

Indian Overseas Bank launches new retail loan processing centers across India to streamline loan approvals, reduce turnaround time, and enhance customer service.

SBI to Increase Instant Loan Limit for MSMEs

October 13, 2024 13:37

SBI plans to raise the threshold for its instant loan scheme for MSMEs, aiming to simplify access to credit and bring more businesses into the formal lending system.

Karur Vysya Bank Opens 3 New Branches in Tamil Nadu

October 12, 2024 17:32

Karur Vysya Bank expands its network in Tamil Nadu with 3 new branches in Tiruchirappalli, Gummidipoondi and Colachel, taking its total branch count to 844.

PM Internship Scheme: Over 90,800 Opportunities Available

October 11, 2024 21:26

Over 90,800 internship opportunities are available on the Prime Minister Internship Scheme portal, with 193 companies offering roles across 24 sectors and 737 districts. The scheme aims to provide...

India-EU Trade Pact Slowed by Extraneous Elements: Goyal

October 11, 2024 20:10

India's Commerce Minister Piyush Goyal criticizes 'extraneous' elements slowing down India-EU trade pact talks, calling for a focus on trade and business.

Amicus Invests Rs 125 Cr in Equirus | Federal Bank Exits

October 11, 2024 19:48

Amicus Capital invests Rs 125 crore in Equirus Group, a late Rakesh Jhunjunwala-backed firm, as Federal Bank partially exits. The investment will be used for expansion and technology.

Small Finance Bank Profitability to Decline in FY25: Crisil

October 11, 2024 16:28

Crisil predicts a decline in profitability for small finance banks (SFBs) in FY25, citing lower net interest margins (NIM) and rising credit costs. SFBs are expected to diversify towards secured...

Sensex Falls 230 Points, Markets Settle Lower Ahead of Key Macro Data

October 11, 2024 16:20

Indian stock markets closed lower on Friday as investors turned cautious ahead of key macro data, with the Sensex falling 230 points. Selling in banking, utility and financial stocks, mixed global...

RBI Asks Banks to Improve Accessibility for Persons with Disabilities in Payment Systems

October 11, 2024 16:11

The Reserve Bank of India has directed banks to review their payment systems to ensure easier accessibility for persons with disabilities, emphasizing the importance of inclusive digital finance.

Bandhan Bank Stock Surges 12% on CEO Appointment

October 11, 2024 12:24

Bandhan Bank's shares jumped 12% after the RBI approved Partha Pratim Sengupta as its new MD & CEO. Sengupta, a banking veteran, replaces founder Chandra Sekhar Ghosh.

Sensex, Nifty Fall in Early Trade: Market Volatility & Global Trends

October 11, 2024 10:27

Indian stock markets opened lower on Friday, with Sensex and Nifty falling amid global market volatility. FIIs sold equities while DIIs bought, and concerns over earnings downgrades weigh on...

DHFL Ex-Director Kapil Wadhawan Granted Bail in Yes Bank Fraud Case

October 10, 2024 21:35

A special CBI court granted bail to Kapil Wadhawan, former director of DHFL, in an alleged loan fraud case linked to Yes Bank, citing delay in trial. Wadhawan was arrested in April 2020 and has...

Canara Bank Raises Lending Rate by 5 bps - Consumer Loans Costlier

October 10, 2024 20:34

Canara Bank has increased its MCLR by 5 bps across various tenors, making most consumer loans more expensive. The new rates will come into effect from October 12, 2024.

RBI Approves Partha Sengupta as Bandhan Bank MD & CEO

October 10, 2024 20:24

The Reserve Bank of India has approved the appointment of Partha Pratim Sengupta as Managing Director & CEO of Bandhan Bank for a period of three years. Sengupta, with over four decades of...

FEMA Confiscates Rs 252 Crore Assets of 'CashBean' Loan App

October 10, 2024 19:55

The Enforcement Directorate has ordered the confiscation of Rs 252 crore assets of PC Financial Services Pvt Ltd, an Indian subsidiary of a Norwegian company controlled by Chinese individuals, for...

Bank of Maharashtra Reports 19% Loan Growth in Q2 FY24

October 10, 2024 19:39

Bank of Maharashtra (BoM) reported a strong 18.7% credit growth in Q2 FY24, reaching Rs 2.17 lakh crore. Total deposits also saw a significant increase, rising to Rs 2.76 lakh crore.

Sensex, Nifty Rise on Banking Stocks, Global Cues

October 10, 2024 17:43

Indian stock markets, Sensex and Nifty, closed higher on Thursday, driven by gains in banking and power stocks, supported by positive global market trends.

TCS Q2 Profit Up 4.99%, Margin Declines

October 10, 2024 17:19

TCS reported a 4.99% rise in Q2 net profit to Rs 11,909 crore, but profit margin narrowed. Revenue grew 7.06% to Rs 64,988 crore. Read more.

RBI Directs Banks to Use All Sources for Risk Assessment

October 10, 2024 16:57

The Reserve Bank of India mandates banks and other regulated entities to use information from all sources for risk assessment, emphasizing a comprehensive approach to mitigate money laundering and...

Sensex, Nifty Rise on Banking, Power Gains

October 10, 2024 16:14

Indian stock indices Sensex and Nifty closed higher on Thursday due to gains in banking, power, and industrial stocks, driven by positive global market sentiment. The gains were led by companies...

Sri Lanka Economy Stabilizes: World Bank Predicts 4.4% Growth in 2024

October 10, 2024 15:47

Sri Lanka's economy has stabilized after its 2022 crisis, with the World Bank predicting 4.4% growth in 2024. However, challenges remain, including debt restructuring and poverty reduction.

Indian Markets Climb on Global Trends

October 10, 2024 10:23

Indian equity indices rose in early trade, driven by firm global markets and buying in banking stocks. Sensex gained 309.85 points, Nifty up 90.70 points.

Ratan Tata: A Visionary Shaping India's Industry & Philanthropy - SBI

October 10, 2024 09:09

State Bank of India Chairman C S Setty hails Ratan Tata as a visionary who shaped India's industrial and philanthropic landscape, emphasizing his contributions to corporate responsibility,...

PM Internship Scheme: 50,000 Opportunities Open

October 9, 2024 21:10

Over 130 companies have listed nearly 50,000 internship opportunities on the Prime Minister Internship Scheme portal. Applications open on October 12.

UBS Group Buys IDFC Shares for Rs 88 Crore

October 9, 2024 21:05

UBS Group acquired a 0.51% stake in IDFC Ltd for Rs 88 crore through an open market transaction. The deal follows the recent merger of IDFC Ltd with IDFC First Bank.

RBI Holds Rates, Softening Stance: Bankers React

October 9, 2024 20:36

Bankers react to the Reserve Bank of India's decision to hold interest rates, highlighting the softening of the stance and its potential impact on future rate cuts.

CRED Appoints Former Kotak Mahindra Bank Exec as Advisor

October 9, 2024 19:32

CRED, a credit card bill payments app, has appointed Arvind Kathpalia as advisor on risk and compliance. Kathpalia previously served as President and Group Chief Risk Officer at Kotak Mahindra Bank.

Rural Youth Internet Access: 82% Can Use Internet, Says Govt Survey

October 9, 2024 19:27

A government survey reveals that over 82% of rural youth in India aged 15-24 can use the internet, with mobile phone penetration exceeding 95%. The survey also provides insights into education,...

Zarin Daruwala Retires from Standard Chartered

October 9, 2024 18:54

Zarin Daruwala, CEO of Standard Chartered India and South Asia, is retiring at the end of FY25 after a successful career spanning over 35 years. She has been instrumental in growing the bank's...

Sensex Closes Lower After RBI Keeps Rates Unchanged

October 9, 2024 17:48

The Sensex reversed its gains and closed lower by 167 points on Wednesday, as profit-taking in select blue-chips outweighed the RBI's neutral stance on interest rates.

Fortis Healthcare to Raise Rs 1,500 Cr via NCDs

October 9, 2024 16:29

Fortis Healthcare's board has approved raising up to Rs 1,500 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The funds will be raised from various...

RBI Policy Boosts Auto, Realty, Bank Stocks

October 9, 2024 12:37

Indian auto, realty, and bank stocks surged after the Reserve Bank of India shifted its monetary policy stance to 'neutral', hinting at potential rate cuts. The BSE Auto, Realty, and Bankex...

Sensex Surges on RBI's Neutral Stance, Hits 82,000

October 9, 2024 10:56

The BSE Sensex jumped over 550 points to revisit the 82,000-level after the Reserve Bank of India changed its monetary policy stance to 'neutral', potentially leading to a rate cut in the future.

RBI Monetary Policy Decision Boosts Indian Markets

October 9, 2024 10:05

Indian stock markets climbed on Wednesday ahead of the Reserve Bank of India's monetary policy decision, with gains driven by banking and IT sectors. FIIs offloaded equities, while DIIs bought,...

CCI Approves JM Financial's Stake Buy in Credit Solutions

October 8, 2024 21:59

India's Competition Commission (CCI) has cleared JM Financial's acquisition of a 43% stake in JM Financial Credit Solutions, a subsidiary focused on wholesale lending.

Employment Verification Discrepancies Spike: Report

October 8, 2024 20:03

AuthBridge report reveals a significant increase in employment verification discrepancies across key sectors like telecom, BFSI, and pharma, highlighting the growing need for robust background checks.

Indian Stocks Rebound, Investors Gain ₹7.51 Lakh Cr

October 8, 2024 19:51

Indian stock markets rebounded on Tuesday, with the Sensex climbing nearly 585 points. Investors wealth soared by ₹7.51 lakh crore due to value buying in blue-chip stocks.

NSDL IPO Approved by Sebi: NSE, HDFC Bank, SBI to Sell Shares

October 8, 2024 14:50

NSDL, India's leading depository, gets Sebi's nod to launch its IPO. NSE, HDFC Bank, and SBI will offload shares in an OFS. This follows approval for Standard Glass Lining and Zinka Logistics IPOs.

Amex India Unveils Enhanced Platinum Card with Lifestyle Benefits

October 8, 2024 14:44

American Express India has revamped its Platinum Card, offering enhanced travel, dining, and lifestyle benefits, providing over Rs 4.5 lakh annual value. Learn more.

Zaggle Appoints Former Kotak Mahindra Bank Executive to Board

October 7, 2024 19:50

Zaggle Prepaid Ocean Services has appointed former Kotak Mahindra Bank executive Virat Sunil Diwanji as an Additional Director on its board. Diwanji brings over 30 years of experience in banking...

SBM Bank India Appoints Heads for Corporate & Retail Banking

October 7, 2024 18:28

SBM Bank India has appointed Prakash Jaiswal as Head of Corporate Banking and Nikhil Rajadhyaksha as Head of Retail Banking. The bank remains dedicated to delivering innovative customer-focused...

IFC Provides $500M Loan to Axis Bank for Green Projects in India

October 7, 2024 16:28

IFC, the World Bank's private lending arm, has provided a $500 million loan to Axis Bank to fund green projects and develop a blue finance market in India. The loan aims to promote...

Punjab Coop Banks Offer Loans for Crop Residue Machines

October 6, 2024 16:57

Punjab farmers can now avail loans from state cooperative banks to purchase crop residue management machines, aimed at curbing paddy straw burning. Learn more about the loan scheme and subsidies.

SBI to Hire 10,000 Employees in FY24: Focus on Tech &' General Banking

October 6, 2024 14:07

State Bank of India (SBI) plans to recruit 10,000 new employees in FY24, including tech specialists and general banking personnel. The bank is also expanding its branch network and focusing on...

CII Business Confidence Index Hits 2-Quarter High, Industry Upbeat on Policy Continuity

October 6, 2024 13:42

The CII Business Confidence Index rose to 68.2 for July-September, driven by policy continuity and strong economic momentum. The index reflects optimism in the industry despite global challenges.

Bandhan Bank Q2 Business Growth: 24.6% Rise

October 6, 2024 11:56

Bandhan Bank's total business surged by 24.6% in Q2 FY25, reaching Rs 2,73,163 crore. Loans and advances stood at Rs 1,30,652 crore, while deposits touched Rs 1,42,511 crore.

FPIs Pull Out Rs 27,142 Cr From India in 3 Days: Geopolitical Tensions, China's Rise

October 6, 2024 10:51

Foreign investors pulled out Rs 27,142 crore from Indian equities in the first three days of October, driven by geopolitical tensions, rising oil prices, and a rebound in Chinese markets. FPIs had...

Top 10 Indian Firms Lose Rs 4.74 Lakh Cr in Mcap: Reliance, HDFC Bank Hit Hard

October 6, 2024 09:55

Nine of the top-10 most valued Indian firms lost Rs 4.74 lakh crore in market valuation last week, with Reliance Industries and HDFC Bank suffering the most due to weak market trends.

World Bank Considers G20 MDB Reforms: FM

October 5, 2024 22:39

India's Finance Minister commends the World Bank's consideration of 27 out of 30 recommendations from the G20 Independent Expert Group on strengthening multilateral development banks.

Ujjivan Small Finance Bank Gets RBI Approval for Foreign Exchange Services

October 4, 2024 21:48

Ujjivan Small Finance Bank receives RBI approval for foreign exchange services, enabling it to offer a range of forex products and services.

RBI Proposes Ban on Banks Circumventing Rules via Group Entities

October 4, 2024 21:16

The Reserve Bank of India has proposed barring banks from using group entities to bypass regulations, including limitations on investments and lending activities.

HDFC Bank Loan Growth 7%, Deposits Up 15.4% in Q2

October 4, 2024 16:39

HDFC Bank reports 7% loan growth and 15.4% deposit increase in Q2 FY24. The bank's average deposits reached Rs 23.53 lakh crore. Read more.

India's Living Standard to Rise Steeply: FM

October 4, 2024 11:08

Finance Minister Nirmala Sitharaman predicts a significant rise in India's living standards in the coming decades, driven by economic reforms. The country is projected to nearly double its per...

ICICI Bank & MakeMyTrip Launch Travel Credit Card

October 3, 2024 19:36

ICICI Bank and MakeMyTrip have partnered to launch a co-branded credit card offering travel rewards, discounts, and exclusive benefits for frequent travelers.

Morgan Stanley, Citigroup Invest Rs 755 Crore in HDFC Bank

October 3, 2024 19:19

Morgan Stanley and Citigroup bought 43.75 lakh shares of HDFC Bank for over Rs 755 crore through open market transactions on Thursday.

India's Logistics Data Bank Tracks 75 Million Containers

October 3, 2024 18:52

India's Logistics Data Bank (LDB) has tracked over 75 million export and import containers, boosting logistics efficiency and improving the country's ranking in the World Bank's Logistics...

BoB Sells Oman Operation to Bank Dhofar - Rationalizing Foreign Operations

October 3, 2024 17:38

State-owned Bank of Baroda (BoB) has announced plans to sell its Oman operations to Bank Dhofar. This move is part of BoB's strategy to rationalize its foreign operations. The transaction is...

Sensex Plunges 1,769 Pts: Investors Lose Rs 9.78 Lakh Cr

October 3, 2024 17:25

Sensex tanks 1,769 points, its lowest close in 3 weeks, wiping out Rs 9.78 lakh crore investor money amid West Asia conflict and FII outflows.

Made in India Label: Govt Discusses Scheme for Global Brand Promotion

October 2, 2024 16:50

The Indian government is exploring a 'Made in India' label scheme to boost brand recognition globally, aiming to create a strong brand identity similar to 'Made in Japan' or 'Made in Switzerland'.

BITS Pilani, Impactsure Partner for AI Research

October 1, 2024 17:36

BITS Pilani and Impactsure Technologies have partnered for research using Large and Small Language Models (LLMs and SLMs) to develop software for business and finance.

GNPAs to Hit Decadal Low in FY25: Crisil

October 1, 2024 17:24

India's banking system is poised for improved asset quality, with GNPAs expected to drop to 2.5% in FY25. However, Crisil flags concerns around unsecured loans and MFIs.

RRBs to Boost Credit in Northeast India

September 30, 2024 22:33

Finance Minister directs Regional Rural Banks to increase credit disbursement under govt schemes and support agriculture, horticulture and allied activities in Northeast India.

Hydra Trading Sells RBL Bank Stake for Rs 152 Crore

September 30, 2024 22:22

Hydra Trading has sold a 1.24% stake in RBL Bank for over Rs 152 crore through an open market transaction. Cronus Merchandise LLP acquired the shares at an average price of Rs 203 apiece.

Stock Market Crash: Rs 3.57 Lakh Cr Lost in Bear Attack

September 30, 2024 18:15

Indian stock market suffers heavy losses due to weak global markets, rising geopolitical risks and selling in key sectors. Sensex tumbles over 1,200 points, erasing Rs 3.57 lakh crore from...

Cognizant to Establish Techfin Center at GIFT City

September 30, 2024 17:49

Cognizant announces plans to open a 'techfin center' at GIFT City, Gandhinagar, India, serving BFSI clients. The center will initially house 500 associates, with plans to scale up to 2,000...

Sensex, Nifty Drop 1.5% on Bank Slump, Japan Weakness

September 30, 2024 16:16

Indian stock markets tumbled Monday as bank stocks fell on weak Japanese markets and rising geopolitical risks. Reliance Industries, ICICI Bank, and HDFC Bank led the decline.

Dr Agarwal's Healthcare IPO: Rs 3,000 Crore Eye Care Fundraise

September 30, 2024 11:36

Dr Agarwal's Healthcare, backed by Temasek and TPG, files IPO papers to raise Rs 3,000-3,500 crore. The IPO includes a fresh issue and an offer for sale by promoters.

IPO Rush: Hyundai, Swiggy, NTPC Lead Rs 60,000 Cr Fundraise

September 29, 2024 10:34

Over half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, are set to raise around Rs 60,000 crore through IPOs in October-November. The IPO market is experiencing...

HDB Financial Services Prepares for IPO: RBI Listing Requirement

September 28, 2024 12:48

HDB Financial Services, an upper layer NBFC, is gearing up for an IPO to comply with RBI's listing requirements. The IPO is expected to include a fresh issue of shares and an offer for sale by...

IDFC FIRST Bank Completes Merger with IDFC Ltd - Effective October 1, 2024

September 27, 2024 22:54

IDFC First Bank announces completion of merger with IDFC Limited, effective from October 1, 2024. The merger simplifies the bank's structure with no promoter holding.

SCOPE Launches USD 50 Million Venture Capital Fund

September 27, 2024 20:41

SCOPE, a startup networking platform, has received SEBI approval to launch a USD 50 million venture capital fund focusing on fintech and gaming startups in India and the US.

RBI Asks Small Finance Banks to Be Vigilant, Proactive on Risks

September 27, 2024 19:58

Reserve Bank Deputy Governor Swaminathan J urged Small Finance Banks (SFBs) to be vigilant and proactive in mitigating risks, emphasizing the importance of governance and sustainable growth.

Banks Struggle to Mobilise Deposits, C-D Ratio Hits 80%

September 27, 2024 19:55

Banks face challenges in attracting large deposits amid rising credit demand. The Credit-to-Deposit ratio has surged to 80.3%, highlighting the imbalance.

Sensex, Nifty Dip from Record Highs on Profit Booking - HDFC Bank, ICICI Drag

September 27, 2024 16:24

Indian stock indices Sensex and Nifty retreated from lifetime highs on Friday due to profit-taking in HDFC Bank and ICICI Bank. Banking and FMCG shares weighed on the market.

TPG, Peak XV Sell Five-Star Stake for Rs 3,336 Crore

September 26, 2024 21:38

TPG, Peak XV Partners, and Norwest Venture Partners divest 14.24% stake in Five-Star Business Finance to investors like Goldman Sachs, Nomura, Morgan Stanley, IMF, and Fidelity for Rs 3,336 crore.

Indian Bank to Raise Rs 10,000 Cr for Infrastructure

September 26, 2024 20:14

Indian Bank's board approves raising Rs 5,000 crore via long-term infrastructure bonds, adding to the Rs 5,000 crore already raised in FY25.

UP Key to India's 'Mission 2047': World Bank

September 26, 2024 20:00

World Bank VP Martin Raiser sees Uttar Pradesh playing a crucial role in India's 'Mission 2047' development goal. He highlights potential for agriculture modernization, education reform, and air...

RBI Reapproves P K Gupta as Utkarsh Small Finance Bank Chairman

September 26, 2024 19:52

The Reserve Bank of India has approved the reappointment of Parveen Kumar Gupta as non-executive Chairman of Utkarsh Small Finance Bank. Gupta retired as a Managing Director of State Bank of India...

Bandhan Life Partners with Bank for Insurance Growth

September 26, 2024 17:05

Bandhan Life Insurance partners with Bandhan Bank to distribute life insurance products, aiming for Rs 300 crore in premium in the first year. The company plans to expand its distribution network...

China Boosts Economy with Bank Bailout, Worker Support

September 26, 2024 17:00

China is injecting billions into its economy, targeting banks, workers, and the poor. The move comes ahead of the country's 75th anniversary.

Sensex Surges to Record High, Nifty Above 26,200

September 26, 2024 16:36

Indian benchmark Sensex jumps 666 points, driven by auto and banking sectors, as global markets rally. Nifty also closes at a record high above 26,200.

Russia Sanctions Ineffective: Adaptability & Global Cooperation

September 26, 2024 10:22

Economists analyze why US sanctions on Russia haven''t crippled the economy, citing adaptability, lack of global cooperation, and lessons learned from 2014 sanctions.

Tech Mahindra Partners with University of Auckland for AI, ML Innovation

September 25, 2024 20:03

Tech Mahindra and the University of Auckland collaborate to drive research and innovation in AI, ML, and quantum computing, enhancing employability and fostering industry-academia partnerships.

UBS Group Buys HDFC Bank Shares for Rs 543 Cr

September 25, 2024 20:01

UBS Group has acquired 30.72 lakh shares of HDFC Bank for over Rs 543 crore through an open market transaction. The deal was executed at an average price of Rs 1,768.05 per share. Meanwhile,...

AWS to Power Cloud Services for Indian Public Sector Banks

September 25, 2024 18:47

Amazon Web Services (AWS) has been selected to provide cloud computing services to public sector banks in India through the Public Sector Bank Alliance (PSBA).

Financial Inclusion: RBI's Call for Deeper Understanding of Districts

September 25, 2024 18:07

RBI Deputy Governor Swaminathan urges bankers to have a thorough understanding of their districts to improve financial inclusion, emphasizing data analysis and field surveys for targeted credit plans.

Asian Development Bank Raises Growth Forecast for Region

September 25, 2024 17:42

The Asian Development Bank forecasts Asia's developing economies to grow at a 5% annual pace in 2023, but warns of risks from trade sanctions and the US election.

Sensex Hits Record 85,000, Nifty Crosses 26,000

September 25, 2024 16:32

Indian stock markets closed at record highs on Wednesday, with Sensex exceeding 85,000 and Nifty surpassing 26,000, driven by gains in banking and power sectors.

Price Stability vs. Growth: RBI Governor Das on Trade-offs

September 24, 2024 18:18

RBI Governor Shaktikanta Das discusses the trade-off between price stability and growth, highlighting the need for central banks to use multiple tools to manage economic challenges.

Sensex Hits 85,000, Nifty Breaches 26,000, Closes Flat

September 24, 2024 16:36

Sensex scaled 85,000 level and Nifty crossed 26,000 for the first time before closing flat, driven by FMCG and banking losses.

Banks to Raise Rs 1.3 Lakh Crore from Bonds: Icra

September 24, 2024 13:17

Slower deposit growth is pushing banks to raise funds from bonds, with an estimated Rs 1.3 lakh crore to be raised in FY25, according to a report by Icra. Public sector banks are expected to drive...

China Cuts Bank Rates to Boost Economy

September 24, 2024 07:35

China's central bank cuts reserve requirements and lowers mortgage rates to support the struggling economy, focusing on the property sector.

Market Rally Adds Rs 8.30 Lakh Cr to Investor Wealth

September 23, 2024 17:26

Indian stock market witnesses a three-day rally, boosting investor wealth by Rs 8.30 lakh crore. Sensex hits all-time high, driven by optimism over US Fed rate cut.

Sensex Hits Record High on Fed Rate Cut Optimism

September 23, 2024 16:58

The BSE Sensex surged to a new all-time high for the third consecutive day, driven by gains in energy, banking, and auto shares on continued optimism over the US Fed rate cut and positive Asian...

KVS Manian Appointed New MD & CEO of Federal Bank

September 23, 2024 15:18

KVS Manian, former Kotak Mahindra Bank executive, has been appointed as the new Managing Director & CEO of Federal Bank. He brings over 25 years of experience in banking and finance.

Adani Total Gas Shares Surge on USD 375 Million Funding

September 23, 2024 11:02

Adani Total Gas shares jumped over 8% after securing USD 375 million funding for expanding its city gas network. The funding will accelerate the company's expansion plans in 34 geographical areas...

Inox Wind Secures Rs 2,200 Cr Finance Facility from ICICI Bank Consortium

September 23, 2024 10:07

Inox Wind has secured a Rs 2,200 crore finance facility from a consortium led by ICICI Bank, demonstrating strong financial health and a positive outlook.

FinMin Urges Banks to Enhance Debt Recovery Management

September 21, 2024 18:55

The Finance Ministry has directed banks to implement effective oversight mechanisms for managing pending cases in Debt Recovery Tribunals (DRTs) to expedite recovery and improve efficiency.

Adani Total Gas Secures $375 Million for City Gas Expansion

September 20, 2024 20:55

Adani Total Gas Ltd has secured USD 375 million in funding from global lenders to expand its city gas network across 13 states in India, aiming to reach 200 million people.

HDFC Bank Approves Rs 2,500 Crore IPO for HDB Financial Services

September 20, 2024 18:32

HDFC Bank has cleared a Rs 2,500 crore IPO for its subsidiary HDB Financial Services. The move follows RBI's mandate for upper-layer NBFCs to list.

RBI Approves Vincent Menachery as Tamilnad Mercantile Bank Director

September 20, 2024 16:25

Reserve Bank of India approves Vincent Menachery Devassy as Whole Time Director (Executive Director) of Tamilnad Mercantile Bank, effective for three years.

RBI Extends IDFC First Bank MD Tenure for 3 Years

September 20, 2024 16:21

Reserve Bank of India extends the tenure of IDFC First Bank MD V Vaidyanathan for another 3 years, keeping him in the role until December 2027.

Sensex Soars Above 84,000: Bank, Auto Shares Shine

September 20, 2024 16:01

The Sensex closed above 84,000 for the first time, driven by bank stocks and global market optimism. Nifty also hit a new record high. Read more.

Sebi Bans Axis Capital from Debt Merchant Banking

September 19, 2024 20:42

Sebi has barred Axis Capital from taking up new debt merchant banking assignments due to providing guarantees for NCDs of Sojo Infotel. The regulator found that Axis Capital's actions posed a risk...

Revolut India Launch in 2025: Fintech Giant Gearing Up

September 19, 2024 20:20

UK fintech Revolut is set to launch in India in 2025, aiming to offer a range of digital financial services. The company has secured necessary licenses and is tailoring its platform for the Indian...

Banks Crucial for Viksit Bharat: Sitharaman

September 19, 2024 18:23

Finance Minister Nirmala Sitharaman emphasizes the critical role of banks in achieving the vision of Viksit Bharat by 2047, highlighting their importance in economic growth, social progress, and...

Bank of England Holds Rates at 5%, US Fed Cuts

September 19, 2024 18:04

The Bank of England kept interest rates unchanged at 5% despite a US Fed cut, citing concerns about inflation in the UK. The bank is expected to reduce rates in November.

CBI Closes Bank Fraud Case Against Nimbus Communications

September 19, 2024 17:50

The CBI has closed a bank fraud case against Nimbus Communications, finding no evidence of deception during the loan process. The company proposed repayment and the bank sanctioned a new loan...

White Revolution 2.0: Dairy Sector Boost, Women Empowerment

September 19, 2024 17:45

Union Minister Amit Shah launches 'White Revolution 2.0' to empower women farmers, enhance milk production, strengthen dairy infrastructure & boost exports. The initiative aims to benefit 13 crore...

Bank of England Holds Interest Rate at 5%, US Fed Cuts

September 19, 2024 16:37

The Bank of England kept its main interest rate unchanged at 5% despite a US Fed rate cut, amid concerns about inflation. The bank is expected to cut rates again in November.

India's Development: Banks Key to Viksit Bharat by 2047 - FM Sitharaman

September 19, 2024 16:20

Finance Minister Nirmala Sitharaman emphasizes the crucial role of banks in achieving India's vision of becoming a developed nation by 2047, highlighting their importance in driving infrastructure...

Bank of England Holds Rates Despite US Fed Cut

September 19, 2024 14:46

The Bank of England is expected to keep interest rates unchanged despite the US Federal Reserve's rate cut. Inflation concerns and the services sector's performance are key factors.

Strengthen Corporate Bond Market: SBI Chairman

September 18, 2024 21:28

SBI Chairman C S Setty emphasizes the need to strengthen the corporate bond market, addressing concerns about the slowdown in unsecured loans and the importance of maintaining a healthy CASA ratio.

Amit Shah Launches White Revolution 2.0 for Dairy Sector

September 18, 2024 19:46

Amit Shah unveils 'White Revolution 2.0' to boost milk production, alongside financial initiatives for dairy farmers, including Micro-ATMs and Rupay-Kisan Credit Cards.

Bank of England Holds Rates Amid Steady Inflation

September 18, 2024 19:40

The Bank of England is expected to keep interest rates unchanged as inflation remains above target, but a cut is likely in November. The decision comes after recent rate cuts by central banks...

Northern Arc Capital IPO Oversubscribed 20.15 Times

September 18, 2024 18:42

Northern Arc Capital's IPO received 20.15 times subscription on the third day of bidding, with strong interest from non-institutional investors and retail investors. The ₹777 crore IPO will...

ICICI Bank Hits Record High, Market Cap Crosses Rs 9 Lakh Crore

September 18, 2024 18:07

ICICI Bank's stock surged to a record high, boosting its market capitalization to over Rs 9 lakh crore. The bank now ranks among the top five most-valued companies in India.

SBI Raises Rs 7,500 Cr via Basel III Bonds

September 18, 2024 15:32

State Bank of India (SBI) successfully raised Rs 7,500 crore through Basel III-compliant Tier 2 bonds, attracting strong investor interest. The bonds have a 15-year tenor and a coupon rate of 7.33%.

Salesforce CEO: World Moving into 'Indian Era', Huge Opportunities in India

September 18, 2024 11:45

Salesforce CEO Marc Benioff sees India as a key growth market, calling it the 'Indian era' with 'exciting' opportunities. The company has invested heavily in India, with over 11,000 employees.

Sensex, Nifty Hit All-Time Highs | HDFC Bank, ICICI Bank Lead Gains

September 18, 2024 11:30

Indian benchmark indices Sensex and Nifty surged to fresh record highs on Wednesday, driven by strong performance in blue-chip stocks like HDFC Bank and ICICI Bank, and foreign fund inflows. Read...

Northern Arc Capital IPO Subscribed 9.98 Times

September 17, 2024 17:48

Northern Arc Capital's IPO received strong investor interest, getting subscribed 9.98 times on Day 2. The share sale received bids for 21,43,97,349 shares against 2,14,78,290 shares on offer.

Trump Launches Crypto Venture, World Liberty Financial

September 17, 2024 17:44

Donald Trump launched his family's cryptocurrency venture, World Liberty Financial, during an X interview, but offered few details about the venture.

India-UK Trade Talks Resume in October: FTA Update

September 17, 2024 17:39

India and the UK are set to resume negotiations for a free trade agreement in October, aiming to finalize the deal. Both sides have pending issues in goods and services sectors, including market...

HSBC India Provides Rs 300 Crore Green Loan to Neovantage

September 17, 2024 16:47

HSBC India has provided a Rs 300 crore green loan to Neovantage Innovation Parks, a life sciences real estate company in Hyderabad, to refinance existing debt. This marks HSBC's first green loan in...

World Bank Pledges $2 Billion to Support Bangladesh Reforms

September 17, 2024 16:26

The World Bank has pledged an additional $2 billion to Bangladesh to support critical reforms, flood response, air quality, and health. The funding aims to assist the interim government's reform...

Infosys Partners with Metro Bank for Digital Transformation

September 17, 2024 16:17

Infosys and Metro Bank collaborate to digitize bank operations using AI-powered solutions, aiming for increased efficiency and cost savings.

Northern Arc Capital IPO Fully Subscribed on Day 1

September 16, 2024 18:44

Northern Arc Capital's IPO received 2.86 times subscription on Day 1, with strong demand from retail and non-institutional investors. The IPO, which aims to raise Rs 777 crore, will conclude on...

Sensex Hits Lifetime High, Nifty Scales Record - Sep 16

September 16, 2024 16:08

Sensex surged nearly 100 points to a record high on Monday, driven by gains in energy, utility, and banking stocks. Nifty also hit a new intra-day peak.

HSBC India Launches Global Education Payments

September 16, 2024 15:36

HSBC India simplifies international education payments for students. Directly pay tuition fees to 600+ universities via the mobile app with reduced remittance costs.

Axis Bank Expands Wealth Management to 15 Cities

September 16, 2024 15:08

Axis Bank's Burgundy Private expands wealth management services to 15 new cities, reaching 42 locations across India, offering bespoke solutions to affluent clients.

Infosys to Drive LIC's Digital Transformation with NextGen Platform

September 16, 2024 10:29

Infosys has been selected by LIC to drive its digital transformation with a NextGen Digital Platform focusing on omnichannel experiences and data-driven personalization.

Black Box to Grow India Biz, Hire 400+ in 2 Years

September 15, 2024 16:27

Black Box, Essar Group's IT arm, plans to increase its India business share to 7-8% and hire 400 people in the next two years as it targets a USD 2 billion revenue by 2027-28.

HDFC Bank to Boost Income of 5 Lakh Farmers by 2025

September 15, 2024 15:43

HDFC Bank aims to increase the income of 5 lakh marginal farmers by 2025 under its CSR initiative, Parivartan. The bank also plans to impart skill training to 2 lakh individuals and bring 2 lakh...

Indian Overseas Bank Wins Rajbhasha Kirti Puraskar for Second Year

September 15, 2024 15:41

Indian Overseas Bank has received the Rajbhasha Kirti Puraskar for the second consecutive year, recognizing its commitment to promoting Hindi language in its operations.

Banks Need to Adapt to Customer Preferences: CEA

September 15, 2024 11:39

CEA V Anantha Nageswaran stresses banks' need to adapt to changing customer preferences and market dynamics to remain competitive, highlighting the importance of technology in driving growth.

Rs 2.01 Lakh Cr GST Evasion Detected in FY24: DGGI

September 14, 2024 19:20

DGGI detects Rs 2.01 lakh crore GST evasion in FY24, with online gaming, BFSI, iron, copper, scrap, and alloys showing high evasion rates. Read more.

Northern Arc Capital IPO: Rs 229 Cr Raised from Anchor Investors

September 13, 2024 21:26

Northern Arc Capital, a non-bank financial institution, has raised Rs 229 crore from anchor investors ahead of its IPO, which is scheduled to open on September 16. The IPO will be a combination of...

Mental Wellness: Key to Employee Well-being - Report

September 13, 2024 20:03

Mental wellness is now a core part of employee well-being programmes, with 74% of employers offering mental health services as part of insurance packages. Discover the latest trends in employee...

Russia Central Bank Hikes Rates to Fight Inflation

September 13, 2024 16:49

Russia's central bank raised interest rates to 19% to combat inflation fueled by military spending and strong domestic demand.

Adani Group Denies Swiss Bank Account Freeze Allegations

September 13, 2024 08:12

US short seller Hindenburg Research claims Swiss authorities have frozen over $310 million in Adani Group accounts, alleging money laundering. Adani Group vehemently denies the allegations.

Exporters Raise Bank Credit Concerns at BoT Meeting

September 12, 2024 19:11

Exporters will highlight declining bank credit in tomorrow's Board of Trade meeting, as export growth outpaces credit availability. FIEO calls for extended Interest Equalization Scheme.

Yes Bank Stake Buy Jeopardized by 51% Demand: Source

September 12, 2024 15:22

Bidders' insistence on a 51% stake in Yes Bank may derail the deal, according to a source. RBI's discomfort with foreign ownership and regulations pose challenges.

DVC Secures Funding for Koderma Thermal Power Plant - 2x800 MW Phase II

September 11, 2024 20:39

Damodar Valley Corporation (DVC) has secured Rs 10,050.42 crore loan from SBI for its 2x800 MW Koderma Thermal Power Project (Phase-II) in Jharkhand. The project is expected to boost power...

Goldman Sachs, ICICI Pru Invest in Arvind Fashions for Rs 381 Crore

September 11, 2024 20:07

Goldman Sachs, ICICI Prudential Life Insurance, and Mahindra Manulife MF invest Rs 381 crore in Arvind Fashions through open market transactions. The deal saw Multiples Alternate Asset Management...

India Launches Trade Portal for Exports & Imports

September 11, 2024 16:10

India's new Trade Connect ePlatform provides comprehensive information on exports & imports, connecting businesses with government entities and trade experts. This one-stop solution aims to boost...

Northern Arc Capital IPO Opens Sep 16: Price Band Rs 249-263/share

September 11, 2024 15:17

Northern Arc Capital, a non-bank financial institution, has fixed a price band of Rs 249-263 per share for its Rs 777 crore IPO, opening on September 16. The IPO comprises a fresh issue and an...

India Insists on Strict 'Rules of Origin' in Auto Sector for UK Trade Deal

September 10, 2024 19:15

India is pushing for stringent 'Rules of Origin' in the auto sector as part of its free trade agreement (FTA) negotiations with the UK, ensuring a level playing field and protecting the domestic...

RBI Fines Axis Bank, HDFC Bank for Compliance Violations

September 10, 2024 18:49

The Reserve Bank of India (RBI) has penalized Axis Bank and HDFC Bank for non-compliance with regulations on interest rates, KYC, credit flow, and customer service.

Sensex Gains 362 Points, Nifty Above 25,000: IT, Telecom Lead

September 10, 2024 17:06

Indian stock markets surged on Tuesday, with Sensex climbing 362 points and Nifty closing above 25,000, driven by gains in IT, telecom, and select banking shares. US market rebound and foreign fund...

Sensex, Nifty Rise on US Markets Rally & FIIs Inflows - Sep 10

September 10, 2024 15:56

Indian stock market benchmarks Sensex and Nifty closed higher on September 10th, driven by gains in US markets and strong foreign fund inflows. Read more.

Northern Arc Capital IPO: Rs 500 Crore Fresh Issue on Sep 16

September 10, 2024 15:38

Northern Arc Capital, a leading NBFC, is set to launch its IPO on September 16, raising Rs 500 crore through a fresh issue. The IPO also includes an OFS by existing investors.

Credit Growth Outpacing Deposits: Liquidity Challenges for Banks

September 10, 2024 15:09

A new report highlights the growing gap between credit and deposit growth, potentially leading to liquidity challenges for the Indian banking system. The report also examines factors like CASA...

TCS Digitizes Mansfield Building Society in UK - Digital Banking Transformation

September 10, 2024 14:15

TCS partners with Mansfield Building Society in the UK to digitally transform its business, leveraging TCS BaNCS for core banking and Digital Home Lending Solution.

Exim Bank Partners with Nedbank for Trade Transactions

September 9, 2024 22:18

Exim Bank India has partnered with Nedbank in South Africa to support trade transactions, aiming to facilitate smoother international commerce. The agreement, signed in Johannesburg, aims to...

Bandhan Bank Launches GST Collection Services

September 9, 2024 19:36

Bandhan Bank introduces a new service allowing customers and non-customers to pay GST online and offline. The bank also collects taxes and non-tax receipts for the West Bengal government.

Union Bank: First Major Indian Bank to Join PCAF for Carbon Accounting

September 9, 2024 18:11

Union Bank of India becomes the first major Indian bank to join PCAF, demonstrating its commitment to measuring and managing financed emissions in line with RBI's climate risk disclosures.

World Bank Praises Kerala's Education Reforms, Offers Collaboration

September 9, 2024 17:58

World Bank experts lauded Kerala's education reforms and expressed interest in collaborating to attract international students. The initiative aims to improve higher education, making students more...

RBL Bank Aims for Moderate Credit Card Growth, Launches Indian Oil Offering

September 9, 2024 17:34

RBL Bank plans moderate credit card growth, focusing on cross-selling. Launches 'Xtra Credit Card' with Indian Oil, offering 7.5% cashback at IOCL stations.

Sensex Rebounds 376 Points, Nifty Above 24,900: FMCG, Banking Boost

September 9, 2024 15:59

Indian stock markets rebounded on Monday, with Sensex gaining 376 points and Nifty closing above 24,900, driven by gains in FMCG and banking sectors. Read more.

Delhi Opposes GST on Online Transactions, Research Grants

September 8, 2024 22:31

Delhi Finance Minister Atishi condemns Centre's proposed GST on online transactions below Rs 2,000 and research grants, calling it detrimental to startups and education.

Declining Bank Credit Hurts Exporters: Meeting with Goyal on Sep 11

September 8, 2024 16:06

Exporters are facing a decline in bank credit, impacting their ability to compete globally. The issue will be raised in a meeting with Commerce Minister Piyush Goyal on September 11.

Hexaware Tech Files Rs 9,950 Cr IPO: Carlyle-backed IT Firm Seeks Listing

September 7, 2024 12:32

Carlyle Group-backed Hexaware Technologies files draft papers with Sebi for a Rs 9,950 crore IPO. This would be the largest IPO in India's IT sector in over two decades. The company provides...

Bank Apprenticeships: Rs 5,000 Stipend & Job Opportunities

September 6, 2024 21:11

Indian banks are hiring graduates as apprentices with a Rs 5,000 monthly stipend. Learn about eligibility, training, and potential job opportunities.

AU Small Finance Bank Partners with United India Insurance for Insurance Distribution

September 6, 2024 20:37

AU Small Finance Bank and United India Insurance have partnered to offer general insurance solutions to customers across India, including motor, personal accident, and crop insurance.

Sanjeev Mehta Exits Standard Chartered, Launches New Venture

September 6, 2024 18:25

Sanjeev Mehta, former Standard Chartered MD, leaves after 17 years to start a new venture in the rapidly changing Indian financial landscape.

Sensex Tanks 1,017 pts: Weak Global Trends, FII Outflows

September 6, 2024 16:57

Sensex plunges 1,017 points, closing at a 2-week low due to selling in IT, oil & gas, and PSU bank shares, driven by weak global trends and FII outflows.

Drip Capital Secures USD 113 Million in Funding

September 5, 2024 21:44

Drip Capital, a US-based trade finance platform, has raised USD 113 million through a mix of debt and equity. The funding will support market expansion and new product development.

Cybersecurity Talent Shortage: A Big Challenge for Banks - SBI Chief

September 5, 2024 21:12

SBI Chairman CS Setty highlights the limited supply of cybersecurity professionals as a major concern for the banking industry. He emphasizes the need for robust cybersecurity investments and...

Banks vs. MFs: Slow Deposit Growth & Regulations - FIBAC 2024

September 5, 2024 21:10

Indian Banks' Association blames regulations for deposit shift to mutual funds, while Kotak Mahindra Bank CEO counters, citing government balances and other factors. FIBAC 2024 discusses challenges...

Bandhan Bank Partners with Ashok Leyland for Vehicle Finance

September 5, 2024 17:26

Bandhan Bank and Ashok Leyland partner to offer vehicle financing solutions with easy repayment plans. This strategic partnership aims to meet the diverse financial needs of commercial vehicle...

Ashok Leyland Partners with Bandhan Bank for Vehicle Finance

September 5, 2024 16:28

Ashok Leyland and Bandhan Bank partner to offer vehicle financing solutions to customers, providing tailored repayment plans and supporting business growth in the commercial vehicle segment.

RBI Guv Urges Banks to Boost Women's Employment & Entrepreneurship

September 5, 2024 14:43

Reserve Bank of India Governor Shaktikanta Das calls on financial institutions to bridge the gender gap by providing more employment opportunities to women and creating tailored schemes for...

Ashok Leyland & Bandhan Bank Partner for Vehicle Finance

September 5, 2024 14:12

Ashok Leyland and Bandhan Bank have partnered to offer customized vehicle finance solutions to customers, strengthening Ashok Leyland's market position.

Trump's Crypto Venture: Potential Conflicts if Elected

September 5, 2024 09:37

Trump's new crypto business, World Liberty Financial, raises concerns about potential conflicts of interest if he wins the presidency. Experts weigh in on the implications for US crypto policy.

Canara Bank Raises USD 300 Million via IFSC Unit

September 4, 2024 22:18

Canara Bank successfully raises USD 300 million through its International Financial Services Centre (IFSC) Banking Unit, boosting its financial strength and expanding its reach.

SLCM & South Indian Bank Partner for Agri-Logistics Solutions

September 4, 2024 17:42

SLCM and South Indian Bank collaborate to offer collateral management and warehousing solutions for the agricultural sector, enabling access to post-harvest credit at competitive rates.

Nifty Ends 14-Day Run, Sensex Drops on Weak Global Trends

September 4, 2024 17:17

Indian stock markets fell on Wednesday due to profit-taking and weak global trends. Nifty snapped its 14-day winning streak, while Sensex closed lower by 202 points. IT, banking, and metal shares...

India's EPFO to Launch Centralized Pension System in Jan 2025

September 4, 2024 16:07

India's EPFO will introduce a centralized pension payment system in January 2025, allowing pensioners to withdraw their funds from any bank across the country. This move aims to simplify pension...

Bajaj Housing Fin IPO: More NBFCs to Follow Suit

September 4, 2024 13:31

Bajaj Housing Finance's IPO is set to launch next week, with at least three more 'upper layer' NBFCs expected to go public within a year to meet the RBI's mandatory listing requirements. Learn more.

DAM Capital IPO: Sebi Filing, OFS of 3.2 Crore Shares

September 4, 2024 12:32

DAM Capital Advisors files IPO papers with Sebi for an OFS of 3.2 crore shares. The IPO will see selling shareholders like Dharmesh Anil Mehta and Multiples Alternate Asset Management.

World Bank's RCEP Advice Flawed, Outdated: GTRI

September 4, 2024 12:25

GTRI criticizes World Bank's suggestion for India to reconsider joining RCEP, citing flawed assumptions and outdated projections. It emphasizes the need for a cautious, data-driven approach to...

National Financial Information Registry Bill Almost Ready: DEA Secretary

September 3, 2024 20:21

India's Economic Affairs Secretary announces the near completion of the Bill establishing a National Financial Information Registry, aiming to improve credit rating mechanisms and expand financial...

WestBridge Capital Sells 1.5% Stake in AU Small Finance Bank for Rs 736 Crore

September 3, 2024 19:37

WestBridge Capital has divested a 1.5% stake in AU Small Finance Bank for Rs 736 crore through open market transactions. The deal was executed through WestBridge AIF I, an affiliate of WestBridge...

AU Small Finance Bank Seeks Universal Bank License

September 3, 2024 19:19

AU Small Finance Bank has applied to the RBI for a universal bank license, aiming to transition from a small finance bank. The bank meets the required criteria, including a net worth of Rs 1,000...

India Economy to Grow at 7% in FY25: World Bank

September 3, 2024 12:32

The World Bank projects India's economy to grow at 7% in FY25, driven by a recovery in agriculture and rural demand. Despite global challenges, India's growth remains strong.

ICICI Bank Denies Salary Payment to Sebi Chairperson Buch After Retirement

September 2, 2024 19:34

ICICI Bank refutes Congress claims, stating no salary or ESOPs were paid to Sebi Chairperson Madhabi Puri Buch after her retirement in 2013. The bank clarifies payments made were retiral benefits...

Rs 2000 Notes: 97.96% Returned, Rs 7,261 Cr Still With Public

September 2, 2024 18:25

The Reserve Bank of India (RBI) has announced that 97.96% of the Rs 2000 denomination banknotes have returned to the banking system, leaving Rs 7,261 crore worth of notes still with the public. The...

ED Raids Kerala Man in Qatar Bank Fraud Case - Rs 61 Crore Scam

September 2, 2024 17:30

The Enforcement Directorate conducted raids in Kerala against a man accused of defrauding a Qatar-based bank of over Rs 61 crore. The accused allegedly diverted the loan amount and invested it...

Infant Attrition on Rise in India: 10-15% Annual Labour Movement

September 1, 2024 12:39

Infant attrition, or employees quitting within six months, is increasing in India, driven by poor work-life balance, job dissatisfaction, and lack of career opportunities. Learn about the impact...

Jio Finance Launches Home Loans: Beta Mode Rollout

August 30, 2024 21:23

Jio Finance is rolling out home loans in beta mode, along with other products like loans against property and loans on securities. The company also discussed its joint venture with BlackRock and...

SBI Won't Enter Rate War Despite Deposit Pressure: Setty

August 30, 2024 21:23

SBI chairman C S Setty says the bank won't engage in a rate war to attract deposits, despite pressure on enhancing deposits. SBI targets 14-16% credit growth in FY25.

Bank Credit to Industry Soars 10.2% in July: RBI

August 30, 2024 19:38

Bank credit to industry surged to 10.2% in July 2024, driven by growth in chemicals, food processing, and infrastructure sectors. Agriculture credit also remained strong, while credit to services...

RBI Fines UCO Bank Rs 2.68 Crore for Violations

August 30, 2024 17:54

Reserve Bank of India imposes a penalty of Rs 2.68 crore on UCO Bank for violating provisions related to current accounts, interest rates, and fraud classification.

Toyota Kirloskar Motor Partners with Union Bank for Vehicle Loans

August 30, 2024 15:49

Toyota Kirloskar Motor has partnered with Union Bank of India to offer vehicle financing solutions. Customers can avail up to 90% financing with flexible tenures and competitive interest rates.

Canara Bank Raises Rs 3,000 Cr via Tier I Bonds

August 29, 2024 22:19

Canara Bank has raised Rs 3,000 crore through Tier I Bonds to support business growth. The bonds carry a coupon rate of 8.27% and are listed on the NSE.

SBI Working on YONO 2.0: Khara on Digital Banking Platform

August 29, 2024 21:16

SBI's former Chairman Dinesh Khara discusses the bank's new digital banking platform, YONO 2.0, aimed at meeting customer needs. He also emphasizes the importance of risk management in banking.

LGBTQ+ Bank Accounts: No Restrictions, Says FinMin

August 29, 2024 20:48

India's Finance Ministry clarifies that LGBTQ+ individuals can open joint bank accounts and nominate partners. This follows a Supreme Court order and RBI guidelines.

India to Launch E-commerce Export Hubs for Fast-Moving Goods

August 29, 2024 18:37

India plans to set up e-commerce export hubs to boost cross-border trade, focusing on fast-moving goods like textiles, handicrafts, and jewelry. The government aims to increase e-commerce exports...

ESAF Bank Launches INORI-RuPay Platinum Credit Card - Exclusive Benefits & Rewards

August 29, 2024 13:19

ESAF Small Finance Bank introduces the INORI-RuPay Platinum Credit Card, offering exclusive rewards, cashback, insurance coverage, and global acceptance. Learn more about this premium financial...

Company Name
Price
Volume

Srestha Finvest
0.92 (+ 3.37)
21616463

GTL Infrastructure
2.34 ( -1.27)
10451861

Vodafone Idea L
9.09 ( -0.98)
10338273

Rajnish Wellness
3.08 ( -2.84)
9938203

Franklin Industries
2.10 ( -4.98)
9309477

Sensex, Nifty Rise on Positive Global Trends - PTI

Indian equity benchmarks Sensex and Nifty climbed in early trade on Monday, driven by...

Rupee Rebounds, Trades in Narrow Range Against...

The Indian rupee appreciated against the US dollar in early trade on Monday, supported...

PM Internship Scheme: Over 1.55 Lakh Candidates...

Over 1.55 lakh candidates have registered for the Prime Minister Internship Scheme,...

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Sensex, Nifty Rise on Positive Global Trends - PTI

Indian Overseas Bank Opens Retail Loan Processing Centres

SBI to Increase Instant Loan Limit for MSMEs

Karur Vysya Bank Opens 3 New Branches in Tamil Nadu

PM Internship Scheme: Over 90,800 Opportunities Available

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Canara Bank Raises Lending Rate by 5 bps - Consumer Loans Costlier

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Zarin Daruwala Retires from Standard Chartered

Sensex Closes Lower After RBI Keeps Rates Unchanged

Fortis Healthcare to Raise Rs 1,500 Cr via NCDs

RBI Policy Boosts Auto, Realty, Bank Stocks

Sensex Surges on RBI's Neutral Stance, Hits 82,000

RBI Monetary Policy Decision Boosts Indian Markets

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Employment Verification Discrepancies Spike: Report

Indian Stocks Rebound, Investors Gain ₹7.51 Lakh Cr

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Amex India Unveils Enhanced Platinum Card with Lifestyle Benefits

Zaggle Appoints Former Kotak Mahindra Bank Executive to Board

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IFC Provides $500M Loan to Axis Bank for Green Projects in India

Punjab Coop Banks Offer Loans for Crop Residue Machines

SBI to Hire 10,000 Employees in FY24: Focus on Tech &&#x27; General Banking

CII Business Confidence Index Hits 2-Quarter High, Industry Upbeat on Policy Continuity

Bandhan Bank Q2 Business Growth: 24.6% Rise

FPIs Pull Out Rs 27,142 Cr From India in 3 Days: Geopolitical Tensions, China's Rise

Top 10 Indian Firms Lose Rs 4.74 Lakh Cr in Mcap: Reliance, HDFC Bank Hit Hard

World Bank Considers G20 MDB Reforms: FM

Ujjivan Small Finance Bank Gets RBI Approval for Foreign Exchange Services

RBI Proposes Ban on Banks Circumventing Rules via Group Entities

HDFC Bank Loan Growth 7%, Deposits Up 15.4% in Q2

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ICICI Bank & MakeMyTrip Launch Travel Credit Card

Morgan Stanley, Citigroup Invest Rs 755 Crore in HDFC Bank

India's Logistics Data Bank Tracks 75 Million Containers

BoB Sells Oman Operation to Bank Dhofar - Rationalizing Foreign Operations

Sensex Plunges 1,769 Pts: Investors Lose Rs 9.78 Lakh Cr

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RRBs to Boost Credit in Northeast India

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IPO Rush: Hyundai, Swiggy, NTPC Lead Rs 60,000 Cr Fundraise

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IDFC FIRST Bank Completes Merger with IDFC Ltd - Effective October 1, 2024

SCOPE Launches USD 50 Million Venture Capital Fund

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Sensex, Nifty Dip from Record Highs on Profit Booking - HDFC Bank, ICICI Drag

TPG, Peak XV Sell Five-Star Stake for Rs 3,336 Crore

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