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Latest Articles in Banking Finance
JM Financial Pvt Equity Completes Rs 40 Cr Investment In Isthara Parks
The second tranche infusion in Isthara will be utilised by the company to add another 4,000 to 5,000 beds under executive housing in addition to around 5,000 beds under student housing by the end of current financial year.
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Does Your Investment Portfolio Reflect India’s FDI Policy?
India needs the FDI for generating employment and bolstering its GDP. Reducing domestic ownership limits helps achieve it. But be mindful of whether this change reflects in your investment portfolio.
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Indian Bank Q4 Net Loss Widens To Rs 218 Crore
Net profit for FY 20 was at Rs 753 crore with a year-on-year growth of 134 per cent over Rs 322 crore in FY 19.
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ICICI Bank Sells 1.5% Stake In Life Insurance Arm For Rs 840 Cr
While announcing its results for 2019-20 on May 9, ICICI Bank had said it would look at further strengthening the balance sheet as opportunities arise.
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Pralay Mondal To Join CSB Bank As Head Of Retail Biz
The announcement comes days after Axis Bank informed exchanges about Mondal's decision to quit as executive director (retail banking) after spending a year at the bank.
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Deciphering Micro-Lending For Bharat
Micro-lenders generally offer unsecured personal loans usually via mobile apps which starts with Rs 1500/- up to Rs 5,00,000/- for 15-180 days.
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6 Financial Lessons Only A Father Will Teach You
Budgeting encourages us to draw up a spending plan so that we have enough money for the things we need the most and prevents us from running up debts.
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ICICI Bank Offloads 3.96 % Equity In ICICI Lombard General Insurance
ICICI Bank said on May 9 that its profit after tax grew by 26 per cent year-on-year to Rs 1,221 crore in Q4 FY20 from Rs 969 crore in the quarter ended Q4 FY19.
Read MoreBanks Borrow Record 1.31 Trillion Euros From ECB
The negative interest rate means banks that tapped the auction will earn 0.50% for one year with no strings attached and 1% if they simply refrain from shrinking their loan book.
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Britain Fines Commerzbank $47 Million For Poor Controls
Commerzbank London was aware of these weaknesses and failed to take reasonable and effective steps to fix them despite the FCA raising specific concerns about them in 2012, 2015 and 2017
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Standard Life To Sell 2.82 % Stake In HDFC AMC Via OFS
The stake sale will be conducted on the BSE and NSE on January 17 for no-retail investors and January 18 for retail investors.
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HSBC Revives 35,000 Job Cut Plan After Pandemic Pause
HSBC had postponed the job cuts, part of a wider restructuring to cut $4.5 billion in costs, in March saying the extraordinary circumstances meant it would be wrong to push staff out.
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Can Fin Homes Q4 Net Profit Rises 36 % To Rs 91 Crore
Total income increased by 14 per cent to Rs 529 crore in Q4 FY20 from Rs 463 crore in Q4 FY19.
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Lakshmi Vilas Bank Approached By Potential Investor
LVB's capital adequacy ratio stood at 3.46% at the end of December, it said in its quarterly results release in February, while the percentage of gross bad loans to total assets had inched up to 23.27%.
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Metro Bank In Exclusive Talks To Buy Peer-To-Peer Lender Ratesetter
RateSetter will benefit from a capital injection as it grapples with a surge in customers withdrawing funds.
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