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SBI, HDFC Bank, ICICI Bank continue to be systemically important: RBI

RBI had classified SBI and ICICI Bank as domestic systemically important banks (D-SIBs) in 2015 and 2016, respectively. In 2017, HDFC Bank was also classified as a D-SIB

NBFC-MFI sector growth to nosedive to 4% in FY25: CareEdge Ratings

As the sector faces these multifaceted challenges, vigilant monitoring and proactive management will be key to sustaining its viability and support for underserved communities

India Inc files ECB intent worth $4.84 billion in September: RBI data

Registrations for ECBs by Indian companies almost doubled to $49.2 billion in the year ended March 2024 (FY24) from $26.6 billion in FY23

Food delivery major Swiggy to debut on stock market on Wednesday

If the grey market premium is any indication, Swiggy's shares could list close to its issue price of Rs 390 per share, valuing the company at Rs 87,300 crore

TVS Supply Chain Solutions posts Rs 10.6 crore PAT in September quarter

Ravi Viswanathan, managing director, TVS SCS, said that the Q2 results demonstrate our ability to sustain growth momentum in both revenue and profit amid ongoing macroeconomic challenges

Vedanta Ltd plans to invest around $550 million in AvanStrate Inc

AvanStrate has operations and R&D capabilities across Taiwan, South Korea, and Japan

L&T Technology Services acquires US-based Intelliswift for $110 million

The acquisition, according to the firm, will deepen its offerings across software product development, platform engineering, digital integration, data, and artificial intelligence (AI)

Shree Cement Q2FY25 results: Net profit declines 83% to Rs 76.44 crore

Shree Cement maintained its capital expenditure (capex) target to expand capacity to 80 million tonnes per annum

Trading holiday on Nov 20 for Maha polls; Tata AM launches innovation fund

Tata Asset Management on Friday announced the launch of Tata India Innovation Fund to tap the growth potential of companies that are ahead on the innovation front

GenWise launches UPI payments for senior citizens with secure interface

This is the industry's first-ever introduction of UPI for elders, offering a simple user interface, enhanced security, and cyber fraud awareness

Truck rentals ease after Diwali peak; vehicle sales improve: Report

Cooling likely to improve as country enters wedding season and infra projects pick up, it says

Banks' credit-deposit ratio on downward trend, at 79.5% on Sept 20

Banks have intensified efforts to strengthen their liability franchise

Market regulator Sebi may water down skin-in-game rules for MF executives

Sebi has proposed to reduce the minimum man­da­tory investment requirement for the designated MF employees, especi­ally those with lower in-hand salary

Term insurance policies of various companies collected in single table

What companies offer to subscribers living in a metro city and do not smoke

Apollo Hospitals Q2 results: Net profit rises 63% to Rs 379 crore

AHEL's revenue from operations increased by 15 per cent in Q2 FY25 to Rs 5,589 crore, owing to improved performance across all segments

Lulu generates demand for $37 billion, becomes largest IPO in UAE this year

The Lulu IPO received exceptional investor interest and was oversubscribed within just one hour of opening on October 28

Swiggy IPO subscribed 12% on day one; individual investors bid most

Swiggy has already allotted shares worth Rs 5,085 crore to anchor investors, drawn from the QIB quota

BS BFSI Summit: Leading figures from finance world share their insights

While the first day will focus on banking and bankers, the second day will be centered around equity markets and technology in banking. And the third day will see discussion among leading insurers

Banking on bricks: The real story behind India's real estate boom

Growth drivers in real estate include urbanisation, disposable incomes, and demand for residential, commercial, and logistics spaces, according to a Business Standard-Knight Frank report

AI, GenAI, and blockchain: How technology is transforming BFSI sector

Digital payment solutions and AI are not only expanding the sector but also improving customer experience and boosting operational efficiency