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Latest Articles in Banking Finance

SBI MF Targets To Collect Rs 2,000 Cr From Retirement Scheme

The scheme offers an option to avail Term Insurance of up to Rs 50 lakh on SIPs (systematic investment plan), and a facility for regular cash flows in dividend option which can be used for retirement planning

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Bank Of America Hopes For Loan Growth Bounce After Muted Quarter

Net income applicable to common shareholders fell to $5.21 billion, or 59 cents per share, for the quarter ended Dec. 31 from $6.75 billion, or 74 cents per share, a year earlier.

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CSB Bank Q3 Net Up 88%, Provisions Also Soar

CSB Bank shares were trading 2.60 per cent up at Rs 237.20 apiece on the BSE at 1443 hrs as against 1.75 per cent gains on the benchmark.

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HDFC Bank Shares Gain Over 2 % After Q3 Earnings

The country's largest private sector lender on Saturday reported a 14.36 per cent jump in consolidated net profit to Rs 8,760 crore for the December quarter, driven by a surge in core income.

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China's Monetary Policy To Support 2021 Economic Recovery - PBOC Vice Governor

China's weighted average corporate lending rate was 4.61% at the end of 2020, down 51 basis points from a year ago, Chen said, reflecting authorities' goal to bring down borrowing costs for cash-strapped businesses

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Drip Capital Surpasses $1 Billion in Cross-Border Trade Receivables Financing Transactions

The global fintech company provides working capital solutions to small and medium-sized exporters (SMEs) in emerging markets like India and Mexico.

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Trump Dropped By Biggest Lender Deutsche Bank For Future Business

The president was handed a rebuke by the world of professional golf this week, with the PGA of America and the R&A both announcing they would shun two courses owned by the President in the wake of the Capitol storming.

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Banks GNPA May Rise Over 22-yr High Of 13.5% By Sep 2021: RBI FSR

If the macroeconomic environment worsens into a severe stress scenario, the GNPA ratio may escalate to 14.8 per cent, the report said. In this case, the GNPAs would be at over 24-year high. In the fiscal ended March 1997, it was 15.7 per cent.

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Govt Rejects Demand For Further Extension Of Returns Filing Date Beyond 15 Feb

Last month, the government had extended the income tax return (ITR) filing deadline for individuals till January 10, and for companies till February 15.

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SBI, IOC Launch Co-Branded Rupay Debit Card

Customers can also earn reward points for spends on dining, movies, grocery and utility bills. The reward points can similarly be redeemed for dining, movies, grocery and utility bills

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SBI Raises USD 600 Million From Bonds

'The bonds will be issued through our London branch as of January 13, 2021, and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City,'

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Bandhan Bank Q3 Advances Grow By 23% To Rs 80,255 Crore

Total deposits during the quarter increased by 30 per cent to Rs 71,188 crore as against Rs 54,908 crore in the corresponding period last year

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HDFC Bank Records Loan Growth Of 16 % In Dec Quarter

The bank had an outstanding loan of Rs 9,36,000 crore as of December 31, 2019, and a growth of around 4 per cent, HDFC Bank said in a regulatory filing. It stood at Rs 10,38,300 crore as of September 30, 2020.

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SBI Mutual Fund Raises Stake In CSB Bank To Over 5 %

The RBI approval will stand valid for one year till July 21, 2021. The investment will be through various schemes of SBI Mutual Fund.

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Kotak Securities Earmarks Rs 50 Cr Corpus To Invest In Startups

The brokerage will launch incubation/accelerator programmes, hackathons, networking events, pitching sessions and demo day programmes for early stage startups in-house as well as with other incubator/accelerator groups

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