Page 434 - Finance News

Axis Bank Q3 net up 224% to Rs 3,614 cr on better interest margins

Net Interest Income rose 17% YoY basis to Rs 8,653 crore in Q3FY22. Sequentially, it was up 10%

City Union Bank launches fitness watch debit card in tie-up with GOQii

Customers need to hold the wristwatch in front of the PoS device during payment like tapping the card on PoS. For payments above Rs 5,000, customers need to tap and enter their PIN

Axis Bank Q3 results: Net profit soars 224% to Rs 3,614 cr

The bank's net interest income grew 17% YoY to Rs 8,653 cr; asset quality improves

Embedded finance start-up Falcon eyes $30 million revenue by March 2023

Full-stack issuance platform backed by a syndicate of global marquee investors

HDFC Capital in $1.22-billion deal for affordable housing fund

HDFC, Abu Dhabi Investment Authority commit $1.22 bn

ICICI Bank Q3 net profit jumps 25% to Rs 6,194 cr; NII rises 23%

Asset quality of the bank improved and its provisions fell 27% to Rs 2,007 in Q3FY22 from Rs 2,742 crore in Q3FY21

Budget 2022: Cooperatives seek level playing field with commercial banks

Parity with commercial banks sought in tax treatment, and for deposits, loan products

Bijapurkar resigns from board of ICICI Bank due to conflict of interest

Bijapurkar is engaged with an educational institution where she teaches market and business strategy

Bandhan Bank Q3 results: Net profit jumps 36% to Rs 859 cr

Net Interest Income for the quarter grew by 2.6% to Rs 2,124.7 cr

IDBI Bank Q3 net profit jumps 53% to Rs 578 cr on robust NII growth

Net interest income up 30% YoY to Rs 2,2383 cr

AIIB to invest $150 mn in development of data centres serving Asia

Many low- and mid-income countries lack their own domestic data infrastructure, and the disparities in data center penetration among countries with different income levels are wide

RBI approves Vinod Rai's appointment as independent chairman of Unity SFB

Apart from Rai, the SFB has appointed RBI veteran Sandip Ghose, former CMD of erstwhile Syndicate Bank Basant Seth, and former RBL Bank chief Subhash Kutte to its board

Bank of Maharashtra Q3 net doubles to Rs 325 cr on robust NII

Lender plans equity issue of Rs 500-750 cr in current quarter

PNB Housing Q3 net profit falls 19%, asset quality deteriorates

PNB Housing's gross non performing assets rose to 7.64% in Oct-Dec, 2021 as compared to 5.94% a quarter ago

PNB Housing Fin Q3 net down 19% to Rs 188 crore on shrinking NII

Loan book shrinks as well; CFO resigns

Bankers need not have heartburn, LIC staff deserved better pay: AIIEA

The employees of Life Insurance Corporation of India (LIC), deserved a good wage revision based on their performance and they got it, said AIIEA

Exotic forex derivatives set for India in RBI push to deepen markets

The return of exotic forex derivatives as well as the introduction of swaptions are part of efforts to give corporates more risk-management options as India's global trade integration expands

What is Fiscal Deficit?

Equity markets will have a reason to cheer if the government reins in its fiscal deficit target at 6.25% of gross domestic product, a recent survey claimed. Find out how the government manages it

Digital payments see rapid growth in March-September, says RBI

The index, launched by RBI in Jan, has five broad parameters that enable the measurement of deepening and penetration of digital payments in the country over different time periods

RBL Bank to seek PE funding amid concerns over financial health: Report

The bank is looking to raise as much as Rs 1,500 crore in 'confidence capital', say sources