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IBC helps recover Rs 2.5 trn in past 5 years from bad assets, says CRISIL

Only a few large cases see good recovery and the average time taken for resolution is 419 days.

BFSI Insight Summit: Privatisation has to be path-dependent, say panelists

Banking was declared a strategic sector by the government under the new privatisation policy, which means the government will only have a limited presence in the sector

Festive season: Credit card spends jump 57% in September, shows data

Credit card spends are much higher than pre-pandemic levels.

UPI registers record 4.21 bn transactions worth Rs 7.71 trn in October

IMPS & FASTag also see record transactions in October

HDFC Ltd's Sept qtr net up 32% to Rs 3,780 cr on spike in dividend income

The lender's revenue from operations rose 4% YoY to Rs 12,216 crore in the reporting quarter while NII was up 13% to Rs 4,109 crore in Q2

If claim spike sustains, it'll have repercussions: ICICI Lombard MD & CEO

For corporate policies, we have taken some price increases, says Bhargav Dasgupta

BFSI Summit: There's so much to sell, everyone can make money, say experts

Panelists say banks shouldn't feel threatened by fintech companies, rather they should feel enabled

RBL Bank's Sept qtr net drops 79% YoY to Rs 31 cr on higher provisions

NII was down 2% to Rs 915 crore, but other income rose 42% to Rs 593 crore, taking the lender's total income to Rs 1,508 crore, up 12% YoY

SBI Cards net up 67% to Rs 345 cr on lower provisions, higher other income

Asset quality improved as gross NPAs went down by 55 bps sequentially and 410 bps on YoY basis to stand at 3.36%

BS BFSI Summit: SFBs should look beyond universal licence, says R Gandhi

Ex-RBI deputy governor says they must become financial conglomerates

The market has become a lot more real of late: PB Fintech's Dahiya, Bansal

The company is looking to raise Rs 5,700 crore at a Rs 44,000-crore valuation

Mandate creation through UPI dips in sync with muted IPO show in September

Some 3.03 million mandates were created through UPI, down 48.3% over last month, according to NPCI data

Need of the hour is to focus on supply-side reforms, says RBI

Says policy support for sustained, inclusive recovery may be needed for longer

RBI to bring in framework for retail digital payments in offline mode

The central bank has enhanced the transaction limit under IMPS from Rs 2 lakh to Rs 5 lakh

Dramatic improvement in asset quality post June: Amitabh Chaudhry

'The RBI has started normalising its extraordinary injection of liquidity in a calibrated manner', said Chaudhry

Bombay HC dismisses plea filed by Srei Group promoters against RBI

Adisri Commercial Pvt Ltd had filed a writ petition on Wednesday against the RBI challenging the order and has also sought a stay on initiating insolvency proceedings against Srei Infrastructure Fin

Life insurers see impressive 22% YoY growth in new business premium in Sept

While private insurers, 23 in total, saw their NBP go up over 42%, LIC saw a 12 per cent rise

ZEEL moves NCLAT for more time to file reply to Invesco's plea

The company is also calling for a stay on the proceedings in NCLT till the matter is decided in the appellate tribunal

Srei files writ petition in Bombay High Court against RBI

The matter will be heard on October 7

NCLT asks Zee to file reply to Invesco's plea for EGM by Oct 7

Zee argues that Invesco's plea should be dismissed as the petition is seeking ad-interim relief as its final relief