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RBI board reviews global and domestic economic scenario, outlook
Mumbai, September 4The 610th meeting of the Central Board of Directors of the Reserve Bank of India was held on Wednesday in Mumbai under the Chairmanship of Governor Shaktikanta Das.Banks selling IPO shares within a week, experts call for RBI explanation
Mumbai, September 4Amid a surge in number and demand of Initial Public offerings (IPOs) in the Indian stock market, a recent SEBI report has revealed some interesting behaviour of investors in the I...Fall in Q1 GDP numbers is because of elections code and restricted govt expenditure: RBI Governor
Bhubaneswar, August 31After the release of the first quarter GDP numbers, RBI Governor Shaktikanta Das on Saturday stated that India's growth story is intact. The governor was speaking at the Nati...Indians Credit card spending increases 19 pc (YoY) to Rs 1.7 trillion in July 24
New Delhi, August 31Indian consumers demonstrated a significant increase in their credit card spending in July this year, marking a 19 per cent increase as compared to the same month last year.Banking liquidity has declined to Rs 0.95 lakh cr from a peak of Rs 2.86 lakh cr: Union Bank report
New Delhi, August 30Liquidity in the Indian banking system has seen a significant decline this month says a research report by the Union Bank of India. It says the banking liquidity has fallen to Rs ...
Exploring the SBI Innovative Opportunities Fund by SBI Mutual Fund
Mumbai, Aug 28In the dynamic world of investments, innovation-driven sectors are increasingly becoming focal points for investors seeking robust returns. The SBI Innovative Opportunities Fund, ...Small finance banks to grow their loan book by 25-27% this fiscal: Crisil
Mumbai, August 26Small finance banks (SFBs) are expected to grow their loan book by a robust 25-27 per cent this fiscal year, Crisil Ratings said on Monday.Paytm says no new SEBI notice, already disclosed in its annual financial results
New Delhi, August 26One97 Communications, the parent entity that operates the brand Paytm, stated on Monday, as part of its stock exchange filing, that it had made relevant disclosures relating to SE...SBI Research anticipates Q1 GDP growth at 7.1%, in line with RBI forecast
New Delhi, August 26The Indian economy is expected to grow at 7.0-7.1 per cent in the April-June period, the first quarter of 2024-25, according to a report by SBI Research, released just days before...After UPI, RBI will now launch Unified Lending Interface or ULI for friction less credit
Banglore, August 26The technology platform for providing "frictionless credit" launched by the Reserve Bank of India (RBI) last year as a pilot project will be introduced nationwide soon, ...AI integration in finance sector unlocks new opportunities: Shaktikanta Das
Banglore, August 26Integration of artificial intelligence (AI) into financial services brings significant opportunities for all stakeholders, the Reserve Bank of India (RBI) Governor Shaktikanta Das...
How Starting Systematic Investment Plans Early can Optimise Return Potential
Mumbai, Aug 26Investing is a marathon, not a sprint. Time, consistency, and discipline can potentially reap significant rewards in the long term. This is what makes a Systematic Investment Plan...
PhonePe launched 'Credit Line on UPI', expanding payment flexibility for consumers and merchants
New Delhi, August 22PhonePe has announced the launch of its new feature, 'Credit Line on UPI,' aimed at enhancing the flexibility and convenience of transactions for its users.Credit-deposit imbalance could pose significant liquidity risks for Indian banks: S&P Global Market Intelligence
New Delhi, August 21The banking sector in India could face "significant" liquidity risks due to the ongoing widening gap between credit and deposit growth, said S&P Global Market Intell...India-Africa are exploring rupee trade, to improve commerce: Noel Tata
New Delhi, August 21Noel Tata, Chairman of the CII Africa Committee and Chairman of TATA International Ltd. emphasized the growing need for innovative financial strategies to overcome challenges in I...
Your Gateway to Stock Market Riches
London, August 21Entering the world of stock market investing can open up numerous opportunities for financial growth. To navigate this journey successfully, it is essential to understand the crit...
The Role of PMJAY in Promoting Preventive Healthcare in India
London, August 20India's healthcare system has witnessed substantial advancements over the past few decades, with various initiatives aimed at improving the accessibility and affordability of...AIBEA calls nationwide bank strike on Aug 28 to protest action against union officials
Chennai, Aug 19Banking transactions across the country may be affected on August 28 as the All India Bank Employees Association has called a nationwide strike, a top union official said on Monda...SBI projects GDP growth of 7 pc in FY25, lower than RBIs forecast of 7.2 pc due to global headwinds
New Delhi, August 9The State Bank of India in a report projects that India's real GDP will grow by 7.0 per cent year-on-year in FY25, which is slightly lower than the RBI's forecast of 7.2...
Bank of India clocks 10 pc rise in Q1 net profit at Rs 1,703 crore
New Delhi, Aug 3Government-owned Bank of India on Saturday reported a 10 per cent increase in its net profit to Rs 1,703 crore in the April-June quarter of the current financial year, compared to...Indian Bank clocks 41 per cent jump in net profit to Rs 2,403 crore for April-June quarter
New Delhi, July 29The Indian Bank on Monday reported a 40.6 per cent jump in net profit to 2,403.42 crore for the April-June quarter of the current financial year, from Rs 1,709 crore in the same q...
ICICI Bank posts Rs 11,059 cr in net profit, infuses Rs 500 cr in home finance subsidiary (Ld)
Mumbai, July 27ICICI Bank on Saturday reported a 14.6 per cent increase in net profit to Rs 11,059 crore for the April-June quarter of the current financial year compared to the corresponding fi...Punjab National Bank's Q1 net profit surges by 159 per cent to Rs 3,252 crore
New Delhi, July 27Government-owned Punjab National Bank (PNB) on Saturday reported a 159 per cent surge in its net profit to Rs 3,252 crore for the April-June quarter of 2024.25 compared to the cor...ICICI Bank posts 14.6 pc rise in Q1 net profit at Rs 11,059 crore
Mumbai, July 27ICICI Bank, on Saturday, reported a 14.6 per cent increase in net profit to Rs 11,059 crore for the April-June quarter of the current financial year compared to the corresponding ...
Canara Bank clocks 10.5 per cent jump in Q1 net profit at Rs 3,905 crore
Mumbai, July 25Canara Bank on Thursday reported a 10.5 per cent jump in net profit for the April-June quarter of the current financial year to Rs 3,905 crore, compared to the corresponding figur...Axis Bank posts 4 per cent rise in Q1 net profit at Rs 6,035 crore
New Delhi, July 24Axis Bank on Wednesday reported a net profit of Rs 6,035 crore for the April-June quarter of 2024-25, up 4 per cent from the corresponding figure of Rs 5,797.1 crore in the same p...
Yes Bank clocks 47 per cent jump in q1 net profit at Rs 502 crore
New Delhi, July 20Private sector lender Yes Bank on Saturday reported a standalone net profit of Rs 502 crore for the April-June quarter of 2024-25 which represents a 47 per cent jump over the corr...
HDFC Bank posts 35% rise in net profit at Rs 16,175 crore for April-June quarter
New Delhi, July 20HDFC Bank on Saturday reported a 35 per cent increase in net profit to Rs 16,175 crore for the April-June quarter of the current financial year from Rs 11,952 crore in the same pe...
SBI hikes lending rates
Mumbai, July 15The country’s largest lender State Bank of India (SBI) has raised its benchmark marginal cost of lending rate (MCLR) by 5-10 basis points with effect from Monday (July 15).Divestment needs concrete roadmap, Centre should take stance on PSBs: SBI Research
New Delhi, July 9Asserting that banks are in good condition, SBI Research suggested that the central government should take a stance on the disinvestment of public sector banks (PSBs).SBI Research recommends separate PLI Scheme for MSMEs
New Delhi, July 8Recognizing the critical role of MSMEs, SBI Research has advocated for a dedicated Production Linked Incentive (PLI) scheme tailored specifically to their unique needs, which coul...Private sector banks in India lead market cap surge; Axis Bank shines with 20.9 pc growth: S&P GCI
New Delhi, July 8India's private sector banks have emerged as significant gainers in market capitalization over the last quarter, with Axis Bank Ltd. stood out with 20.9 per cent rise in mark...Indian banks have bounced back in 10 years with 4-fold jump in profits: Report
New Delhi, June 17Indian banks have bounced back over the last 10 years with a 4-fold increase in profits and a sharp decline in bad loans, according to a report by capital markets and investment g...
Invest Wisely: Top Tips for Successful Mutual Fund Portfolios
London, June 12Investing in mutual funds can be a powerful way to grow your wealth and reach your financial goals.
Bank of Baroda Q4 net profit rises to 4,886 crore
Mumbai, May 10Government-owned Bank of Baroda reported a net profit of Rs 4,886 crore for the January-March quarter of 2023-24, up 2.3 per cent from the corresponding figure of Rs 4,775 crore i...SBI's net profit grows 18% in fourth quarter, 20.5% for entire 2023-24
New Delhi, May 9The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March...Punjab National Bank clocks 160 pc surge in Q4
New Delhi, May 9Punjab National Bank (PNB) on Thursday reported a 160 per cent surge in its net profit to Rs 3,010 crore in the Jan-March quarter of the financial year 2023-24 compared to the cor...RBI lifts ban on Bank of Baroda's BoB World
Mumbai, May 8Bank of Baroda said on Wednesday that the RBI has lifted its ban on BoB World and the bank has now been allowed to onboard customers through the app.Indian Bank posts 55% jump in Q4 net profit, declares dividend of Rs 12 per share
Mumbai, May 6The Indian Bank on Monday reported a 55 per cent rise in net profit to Rs 2,247 crore for the January-March quarter of 2023-24, compared to the corresponding figures of Rs 1,447 c...ICICI Bank now lets NRIs use international numbers for UPI payments in India
New Delhi, May 6ICICI Bank on Monday announced that it has enabled NRI (Non-Resident Indian) customers to use their international mobile number to make UPI payments instantly in India.
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