Federal Bank net profit surges 50%, asset quality improves
Gross non-performing assets (NPAs) as a percentage of gross advances are seen at 3.24%, compared to 2.84% in the year-ago...
Gross non-performing assets (NPAs) as a percentage of gross advances are seen at 3.24%, compared to 2.84% in the year-ago...
It is in this background that the RBI has conceptualised the scale-based regulatory framework.As the non-banking financial company (NBFC) sector...
Everything in the P&L works. Our interest income is Rs 1,479 crore, other income is Rs 444 crore, slippages is...
Prashant Kumar, MD & CEO, said, “This quarter, we have also seen a growth in the corporate and SME segments,...
With festive season around the corner, real-estate developers are outdoing each other and going all out to offer...
In the retail loan segment, housing loans grew by 20.35%, while vehicle loans were up 27% compared to a year...
Slippages amounted to Rs 1,541 crore, down from Rs 1,577 crore in Q1FY22. Recoveries and upgrades were to the tune...
RBI by an order on October 1 imposed a monetary penalty of Rs 1 crore on PPBLThe Reserve Bank has...
The surge in offline merchant payments during Q2FY22 has been aided by the opening up of more stores and businesses...
In the past too, Reserve Bank of India (RBI) officials underlined the rising levels of stress in Mudra loansThe ratio...
The finance ministry believes that various sectors of the economy – including exports and the sunrise ones – need credit...
When you think of investing your money, the first thought that you have is investing in conventional instruments...
The examination of the risk assessment report, inspection report and all related correspondence revealed non-compliance with directions issued by the...
Video analytics can help in reducing customers’ dependence on staff in banks. In fact, it is easily possible to create...
So, RBI has a difficult job at hand—try to convince markets and bring them around to its assessment of the...
Senior citizens and others depending upon income from bank fixed deposit (FD) schemes will be at the receiving...
GST Network on Tuesday said it has blocked Rs 14,000 crore worth of input tax credit (ITC) of...
On 12 October 2021, banks in Agartala and Kolkata will remain shut due to Durga Puja (Maha Saptami). Image: ReutersBank...
An employees' provident fund is a government-managed retirement savings scheme for employees. Every month, employees contribute a...
The per-transaction limit in IMPS, effective from January 2014, is currently capped at Rs 2 lakh for channels other than...
In June, the central bank had given in-principle approval to a consortium set up by Centrum Financial Services and BharatPe...
Customers can now directly participate in primary markets through the ASBA facility and avail the benefit of high savings account...
Sumit Bali, group executive & head - retail lending, Axis BankRetail lending has recovered well from the lows seen in...
Balance transfers have turned out to be a preferred option for foreign banks as they are easier to source. They...
CASA is seen at Rs 62,191 crore during the second quarter, a y-o-y increase of 18%.Federal Bank’s deposits and advances...
The Rupee Cooperative Bank has notified the scheme of the Deposit Insurance and Credit Guarantee Corporation (DICGC) to refund account...
“It is a truncated board and they want to keep it that way to have a controlling stake. It helps...
Refunds amounting to more than Rs 80,000 crore have been issued to the taxpayers during the current financial...
The higher the risk, the higher the return. Most modern investment instruments abide by this principle. As the...
State Bank of India (SBI) chairman Dinesh KharaInter-creditor agreements (ICAs) for all the assets identified for transfer to the National...
Shareholders approved the ‘Profit &Loss Account’ for the year ended and the re-appointment CK Gopinathan as a director.Shareholders of Dhanlaxmi...
"During Covid, demand has certainly got affected and hopefully with the revival of the economy, demand should be back on...
"During Covid, demand has certainly got affected and hopefully with the revival of the economy, demand should be back on...
The government on Thursday kept the interest rates on small savings schemes, including NSC and PPF, unchanged for...
With the Reserve Bank of India's (RBI) extended deadline coming to an end, there will be no automatic...
The petitioners had to move their candidature under Section 160 of the Companies Act after the board decided to defer...
The bank will relaunch its Millennia, MoneyBack+ and Freedom cards, to which it has added a host of new features...
Customers can benefit from interest rates as low as 6.80% per annum for home loans while new car loans are...
Systemic risks, operational risks and risks affecting competition are of importance when dealing with large financial market infrastructure and Big...
The report highlights the need for the participation of women in the fintech space.India has emerged as a “prime destination”...
Customers can chat or speak with the virtual assistant in English and Hindi. The virtual assistant is also available on...
The card comes with the lowest annual percentage rate, starting at 5.88% per annum, the bank said.Federal Bank on Monday...
Bank of Baroda has also put one home loan account on sale.Fifteen banks have placed bad loans worth a total...
Along with NARCL, India Debt Resolution Company Ltd (IDRCL), has also been set up, it will then try to sell...
We are familiar with the wait for a document called Form 16 in order to file income-tax returns....
The minister asked the IBA to conduct a digitised mapping of bank branches in each district of the country. (File)Finance...
Summing up, the future of NBFC-IFCs is promising despite concerns.By Manushree Saggar & Deep SinghInfrastructure finance non-bank companies (NBFC-IFCs) have...
Towards its goal of rural expansion, HDFC bank is looking to hire 2,500 people in the next six months. (Image:...
The move is seen as a prerequisite for the newly formed ministry of cooperatives to meet its ambitious objectives. (PTI)Union...
Rupee Cooperative Bank, headquartered in Pune, has been under strict banking restrictions because of mounting debt.A group of people claiming...
The guidelines said that lenders must put in place a comprehensive board-approved policy for transfer and acquisition of all loan...
Khara said there are “green shoots” visible in certain sectors, including commodities, iron & steel and aluminium. (File image)State Bank...
In June, lnduslnd Bank had acquired 70,67,500 equity shares of McLeod, forming 6.77% of paid-up equity share capital, by invoking...
Infosys acknowledges the difficulties some users continue to experience and is working "expeditiously" with the Income Tax Department,...