Latest Articles in Banking Finance
Bank Credit Growth Moderated To 7.1%
Public sector banks (PSBs) with about 70 per cent of the market share in Indian banking have an onus of supporting the Indian economy and fostering its economic development.
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Banks' Loans Rise 7.2% In Two Weeks To Jan 17 - RBI
Outstanding loans fell 306.86 billion rupees ($4.32 billion) to 100.06 trillion rupees.
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SBI Q3 Profit Jumps 41% To Rs 5,583 Cr As Asset Quality Improves
The country's biggest lender exercised the option of lower tax rate taking a one-time hit of Rs 1,333 crore.
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Yes Bank Sells Over 15 Lakh Shares Of SICAL Logistics
As a result, the shareholding of Yes Bank in SICAL Logistics has come down to 5.49 per cent.
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RBI Imposes Rs 1 Crore Penalty On HDFC Bank
The RBI said HDFC Bank failed to exercise ongoing due diligence in those accounts. "It was observed that the transactions effected in these current accounts were disproportionate to the declared income and profile of the customers."
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RBI Imposes Rs 1 Crore Penalty On HDFC Bank
The RBI said HDFC Bank failed to exercise ongoing due diligence in those accounts.
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Regulators Scrutinised In Australia Cartel Case Against Citi, Deutsche, JPM
Citigroup Inc and Deutsche Bank AG, worked on a A$2.5 billion stock issue for retail lender Australia and New Zealand Banking Group Ltd in 2015.
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Ind-Ra Maintains Yes Bank On Rating Watch Negative
Ind-Ra envisages coupon deferrals and principal write-down risk as a modest possibility in view of Yes Bank's revenue reserve buffers.
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Bajaj Finance Posts Highest-Ever Quarterly Profit Of Rs 1,614 Crore
Net interest income was up by 42 per cent to Rs 4,537 crore from Rs 3,206 crore while total operating expenses to net interest income was 33.9 per cent against 34.9 per cent.
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Government Puts In Place Measures To Protect Commercial Decision-Making By Banks
The government has also modified its 2015 framework on large-value frauds doing away with the personal responsibility of MDs and CEOs of public sector banks.
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Moneytap Secures Rs 500 Crore, Raises Series B For Growth
MoneyTap is India’s app-based consumer credit line, giving customers access to credit on tap.
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HDFC Plans To Invest Rs 100 Crore Per Year In Tech Startups: Parekh
The company will be creating a an in-house team at the headquarters to take charge of investments.
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Urban Cooperative Banks Report Nearly 1,000 Frauds Worth Over Rs 220 Cr: RBI
The central bank said a total of 181 fraud cases involving Rs 127.7 crore were noticed during 2018-19.
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We'll Continue To Focus On low income-affordable housing concentrating on EWS: Deo Shankar Tripathi, MD and CEO, Aadhar Housing Finance
In an interview with BW Businessworld, Deo Shankar Tripathi, MD and CEO of Aadhar Housing Finance, talks about housing finance industry, bps rate cut, and budget wish list of the sector.
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Better Capital Gains Tax Treatment Encouraged Greater Participation For Financial Assets: Soumya Rajan, Founder & CEO Of Waterfield Advisors
In an interview with BW Businessworld, Soumya Rajan, Founder & CEO of Waterfield Advisors, talks about wealth management, open architecture and about business goals for the upcoming year.
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