Page 16 - Banking

SAVE Group plans to hire over 5,000 employees in India this fiscal

The company, which has an employee strength of 1,646 people, plans to hire for various segments like sales, credit, operations and collection

TCS beats street estimates with 16.2% Q1 revenue growth; margins disappoint

The consolidated revenue of the IT major grew to Rs crore in the quarter under review from Rs 45,411 crore a year ago

How to generate or reset your ATM Card's PIN? Check different ways

Forgot your ATM pin? Check out details to reset or regenerate your ATM pin and how to protect yourself from ATM fraud

Global BPM player WNS acquires enterprise automation firm Vuram for $165 mn

Founded in 2011, Vuram has 900 employees at various locations in India, US, Mexico, Australia, Canada, and UK

AU Small Finance Bank to invest over Rs 500 cr for IT, digital makeover

Sanjay Agarwal, managing director and chief executive, said the lender was in a growth phase and is spending to achieve digital ambitions

Big banks led by JPMorgan likely to return $80 billion to investors

JPMorgan Chase & Co. is set to lead the group with $18.9 billion in combined dividends and share buybacks

HDFC Bank to shift payments from core banking, ensure minimal downtime

This would pave way for minimal payments downtime

Regulatory engagement: A sine qua non

It is time for an engagement strategy document incorporating best practices of other central banks in key markets

Hiccups over the last mile: Biz correspondent model may need overhauling

The BC model is essentially a regulator-led effort that not only aims to make financial services accessible through a branchless banking facility, but also supports the national agenda of job creation

Manage cash flow mismatches with loan against securities: Experts

If you pledge market-linked instruments and their value plummets, you will have to provide additional collateral

Japanese lender MUFG Bank to set up a branch in GIFT City, sixth in India

In March 2022, Japanese lender MUFG announced the setting up of an investment fund totaling $300 million for start-ups in India

Credit card spend jumps 48% to top Rs 1 trillion in March, shows data

The jump has been driven by the pickup in consumption as the pandemic recedes

HDFC-HDFC Bank merger: Better late than never

There won't be instant gratification for investors but the move will catapult the bank into the big league

Indian Overseas Bank hikes repo based lending rate to 7.25% from May 10

Several banks have revised their lending rates based on repo and marginal cost of funds

Bank frauds may have started to dip now, but wait a bit before you cheer

The incidence of bank fraud is trending downward, but the broad picture hides many blind spots

Private bank profits rise, thanks to higher NII and low provisions

Witness robust loan growth and higher operating expenses in March quarter

What is a neobank?

Bengaluru-based startup Open has recently become India's 100th unicorn. It's a neobank. But, what exactly is a neobank and how is one different from a traditional bank? Let's find out.

Bank of England hikes rates to 13-yr high, warns of rising recession risk

The pound fell by more than a cent against the US dollar to hit its lowest level since mid-2020

IDFC First Bank net profit at Rs 342 crore surges 168% in March quarter

Bank says the economic impact of the coronavirus is diminishing to help its asset quality, lending

Non-food bank credit grew 9.7% in March, personal loans rose 12.4%: RBI

Loans to agriculture and allied activities continued to perform well, registering a growth of 9.9 per cent in the reporting month