Finance News
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October 07, 2022, Friday
Bajaj Finance raises fixed deposit interest rate by up to 30 bps
Revised rates will be applicable from October 07, 2022.
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October 06, 2022, Thursday
RBI Guv Das launches advanced supervisory monitoring system DAKSH
Reserve Bank Governor Shaktikanta Das on Thursday launched a new 'SupTech' initiative DAKSH - the bank's Advanced Supervisory ...
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October 06, 2022, Thursday
RBI approves Prashant Kumar's appointment as Yes Bank CEO for three years
The Reserve Bank of India has approved the appointment of Prashant Kumar as MD and CEO of Yes Bank for three years with effect ...
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October 06, 2022, Thursday
Cost of spending on digital transformations plateauing: HDFC Bk's Parag Rao
On Thursday, the bank launched a new one-stop solution application for merchants called the 'SmartHub Vyapar Merchant app'
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October 06, 2022, Thursday
Ujjivan SFB reports 44 % YoY growth in advances in Q2, loan book expands
Lender reports 45% growth in deposits to Rs 20,389 crore at the end of the quarter
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October 06, 2022, Thursday
Can Fin Homes to consider raising up to Rs 4,000-cr debt capital
Canara Bank promoted housing loan provider Can Fin Homes is planning to raise debt capital of up to Rs 4,000 crore and will seek ...
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October 06, 2022, Thursday
Muthoot Finance to raise Rs 300 cr via secured NCDs, issue size at Rs 75 cr
Proposed NCDs have AA+ rating from ICRA denoting 'high degree of safety'
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October 06, 2022, Thursday
NARCL makes offers to acquire Jaypee Infratech debt held by Public Banks
NARCL's Rs 3,570-crore offer for the Rs 9,234 crore debt held by nine public sector lenders has triggered a Swiss challenge ...
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October 06, 2022, Thursday
Loan for 20 years, EMIs for 24: RBI rate hikes leave borrowers in a fix
If a person took a 20-year home loan of Rs 50 lakh in April 2019, their number of EMIs will now be 60 more than the original ...
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October 05, 2022, Wednesday
Debit card issuances pick up in FY23 after 7-month slowdown a year earlier
Banks issue 17 mn cards in first five months of current fiscal, up 30% from 13 mn cards in year-ago period; Customers prefer ...
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October 04, 2022, Tuesday
HDFC Bank posts 23.5% loan growth in second quarter at Rs 14.8 trn
Private sector HDFC Bank on Tuesday said it has registered a 23.5 per cent rise in loans to Rs 14.80 lakh crore in the second ...
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October 04, 2022, Tuesday
Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ
According to RBI data, bank credit grew at 16.2% YoY as on September 9, while deposits were up by 9.5%
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October 04, 2022, Tuesday
Fitch affirms Bank of Baroda, subsidiary at 'BBB-' with stable outlook
Action factors in a high likelihood of sovereign support to the public sector lender; rating agency says profitability to rise ...
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October 04, 2022, Tuesday
IDFC First Bank's loans grow 24.8% YoY in Q2, deposits up 35.9% YoY
Retail business comprised 66.4 per cent of overall funded assets as of September 30, says private lender
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October 04, 2022, Tuesday
YES Bank's Q2 loan book grows 11.6% YoY; deposit base cross Rs 2-trn mark
The share of low-cost money, CASA , in deposits was 31.3% as of September 30, 2022
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October 04, 2022, Tuesday
Weak financials, shaky management: What's wrong at Credit Suisse?
Credit Suisse's share price has fallen nearly 60 per cent in 2022, more than halving its market cap in just a matter of months
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October 03, 2022, Monday
MPC after-effect: SBI, ICICI Bank, YES Bank, BoI raise lending rates
The hike in lending rates shall be applicable to home loans and consequently, equated monthly instalment payments made by ...
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October 03, 2022, Monday
PNB launches WhatsApp banking for customers and non-customers
The WhatsApp banking service will be available 24x7, including holidays, on both android and iOS-based mobile phones
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October 03, 2022, Monday
Bank of Maharashtra's advances grow 29% to Rs 1.48 trn in Q2FY23
Public sector lender Bank of Maharashtra (BoM) on Monday said its gross advances rose by 28.65 per cent to Rs 1,48,246 crore in ...
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October 03, 2022, Monday
'Upper layer' NBFC tag for Tata Sons calls for a new compliance policy
Tata Sons will have to appoint a new chief compliance officer (CCO)
