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Latest Articles in Banking Finance

RBI Imposes Penalty On Daimler Financial Services India, KKR India Financial Services

The central bank said it conducted statutory inspection of the two companies with reference to their financial position as on March 31, 2020

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Federal Bank Net Profit Rises 13% To Rs 541 Cr In March Quarter

The total income in FY22 rose slightly to Rs 15,749.85 crore from Rs 15,716.61 crore

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Canara Bank Net Profit Rise Rs 1,666.22 Cr For Q4 Results

The Bengaluru-headquartered bank had posted a net profit of Rs 1,010.87 crore in the same quarter a year ago

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Equitas Small Finance Bank Ltd Q4 Say Growth By 10%

The management indicated that while Jan’22 was slightly muted in terms of disbursements, the bank witnessed a strong rebound in demand over Feb-Mar’22

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ICICI, BOB, Kotak Make Changes In Interest Rates; Check Out

After RBI's increase in Repo-Rate, ICICI Bank and Bank Of Baroda increase their policy rates, while Kotak increase its FD rates

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Neobank Fi Launches Mutual Funds App; P2P Coming Soon

Neo Fi announced that it will be launching its P2P investing platform in a few weeks that will offer users the opportunity to diversify their portfolio with up to 9 per cent annual returns

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Paytm Tokenises 28 Mn Cards For Safe And Secure Payments

The tokenised cards account for 80 per cent of monthly active cards on the Paytm app

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Kotak Mahindra Bank's NII Increases To Rs 4,521 Cr; PAT Up By 50%

Net Interest Income (NII) for Q4FY22 increased to Rs 4,521 crore, from Rs 3,843 crore in Q4FY21, up 18 per cent and for FY22 increased to Rs 16,818 crore

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Central Bank Of India To Close 13% Of Its Branches: Report

It is the most drastic step the lender has taken to improve its finances and will be followed by the sale of non-core assets such as real estate

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Rate Hike Signals RBI Wants To Act Quickly Before Inflation Derails Growth: Experts

According to V Swaminathan, Executive Chairman, Andromeda and Apnapaisa, the rate hike was on the cards as the policymakers were under immense pressure due to the rising inflation in the country and at the global level

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Planning To Invest In Direct Plans? Here’s A Checklist

In reality, direct plans (if unadvised) are suitable for savvy investors

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Kotak Mahindra Bank Approves Shanti Ekambaram As Whole-Time Director

The bank also announced the reappointment of K.V.S. Manian as a whole-time Director for a period of three years. His will hold the position with effect from November 1, 2022 or from the date of regulatory approvals, whichever is later

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Kotak Mahindra Bank Q4 Shows Consolidated PAT Rs 3,892 crore, Up 50% YoY

Consolidated PAT for Q4FY22 was Rs 3,892 crore, up 50 per cent from Rs 2,589 crore in Q4FY21 and for FY22 increased to Rs12,089 crore from Rs 9,990 crore in FY21 up 21 per cent

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Repo Rate Hike By 40 Bps: What Experts Say

Das said that MPC will retain its accommodative monetary policy stance at a time when globally inflation is rising alarmingly even as investment activity is showing some traction in the country

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