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Tag: Banking & Finance

Shrugging off inflation woes, the equity markets rallied smartly on Tuesday with the Sensex putting on 1,344.63 points and racing all the way up to 54,318.47 at close. Shrugging off inflation woes, the equity markets rallied...
The applications of The Repatriates Cooperative Finance and Development Bank (REPCO Bank) and Pankaj Vaish for universal banks, and applications by VSoft Technologies and Calicut City Service Co-operative Bank for SFBs, have all been turned down....

HDFC Bank launches spot offer on WhatsApp to provide home loan in 2 minutes

Today over 91% of new loan applications received by the mortgage lender are through digital channels up from less than 20% before Covid-19 pandemic....

Operating profits of lenders see muted growth in FY22; loan growth momentum likely to be maintained

Subdued increase in pre-provisioning profits resulted from a muted growth in top-line. For state-owned lenders, total revenues stayed virtually flat While net profits for...

Paytm to file for new license, says bullish about its roadmap for general insurance

In a regulatory filing, Paytm reiterated its intention to make inroads in the general insurance sector, as it is extremely bullish about its potential....

Loan Metrics – Home Loans: Your home loan just got more expensive

Homeindustrybanking financeloan metrics home loans your home loan just got more expensive ...

Frauds in public sector banks dip 51% to Rs 40,295 crore; Cases not falling fast enough, says RBI

The country’s largest lender State Bank of India reported frauds worth Rs 6,932.37 crore in as many as 4,192 cases. Public sector banks reported...

Upbeat on growth prospects, Lulu Financial Holdings to expand NBFC business in India

Lulu Financial Holdings, which is mainly into financial services, has investments in the Indian sub-continent, GCC (Gulf Cooperation Council) and APAC (Asia Pacific) regions....

NARCL to make binding offers for first tranche of accounts in two weeks: SBI MD

Swaminathan J, managing director for risk, compliance and stressed assets resolution, SBI, said that the process of identification of accounts and due diligence is...

Bank of Baroda posts Rs 1,779-cr profit in March quarter

The bank’s provisions (other than tax) rose 5.10% to Rs 3,736.38 crore for the period under review, compared with Rs 3,555.06 crore for Q4FY21....

Union Bank net rises 8% on strong NII growth

The lender’s NII – the difference between interest earned and interest expended – stood at Rs 6,769 crore, up 25% YoY. The net interest...

Bandhan Bank Q4 profit jumps manifold, asset quality improves

Provisions (other than tax) for the quarter were trimmed massively to Rs 4.7 crore, as against Rs 1,507.70 crore in March 2021 quarter, the...

SBI’s Q4 profit rises 41% as provisions fall, core income grows

Net interest income (NII), or the difference between interest earned and expended, rose 15% y-o-y to Rs 31,198 crore. The net interest margin (NIM)...

Bank of Baroda posts Rs 1,779 crore profit in March quarter

The lender had a loss of Rs 1,047 crore in the year-ago period. State-owned Bank of Baroda Friday reported a standalone profit after tax...

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