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Latest Articles in Banking Finance
IndusInd Bank PAT Jumps 50% YoY To Rs 2,040 Cr
Gross non-performing assets, however, increased to Rs 5,826.27 crore in Q4 from Rs 5517.15 crore in the March 2022 quarter
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Finance Influencers Feel FM’s ‘Warning’ About Regulating Them Can Bring Transparency
During a recent event, the union finance minister Nirmala Sitharaman had marked that while there is currently no proposal to regulate "influencers," but noted that a word of caution is essential
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Crypto Winter Over, Bitcoin Could Reach $100,000 By 2024 End: Standard Chartered
In the note, Standard Chartered analyst Geoff Kendrick said that the collapse of Silicon Valley Bank (SVB) and other mid-tier banks in the US has made a case for Bitcoin as “decentralised, trustless and scarce digital asset”
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Bank Of Maharashtra's Net Profit Doubles In Fourth Quarter
The lender's board has recommended a dividend of Rs 1.30 per share or 13 per cent of Rs 10 face value from net profit for fiscal FY23
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LIC's Total Premium For Fiscal 2023 Grew 17% To Rs 2.32 Tn
In the individual non-single premium segment, it grew 10.49 per cent from Rs 5,501.12 crore in March 2022 to Rs 6,077.97 crore in March 2023
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Banks Should Work Towards Banking Unbanked: MoS Finance
The minister called for increasing bank penetration in rural areas. He directed banks to reduce the waiting period for loan disbursement, a release said
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YES Bank To Acquire MFI For Rural Expansion With 150 New Branches
In FY23, the bank added 83 new branches, bringing the total number of branches to 1,192, including 450 in semi-urban and rural areas
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IndusInd Bank’s Q4 Profit Soars 46% In FY23
The bank’s full year profit was at Rs 7,443 crore – up 55 per cent YoY and Net Worth of the Bank is in excess of Rs 50,000 crore at Rs 52,848 crore
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Repo Rate Likely To Be On Hold, Cuts Expected In Early 2024: Morgan Stanley
The RBI's next monetary policy committee meeting is scheduled to be held during 6-8 June 2023
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HDFC Bank, Axis Bank Sign Definitive Agreements With Go Digit Life Insurance
The transaction is expected to be completed by 3-6 months from the execution date
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Uday Kotak To Take Non-executive Role Post His Tenure As MD & CEO
The bank said the shareholders had voted in favour of appointing Kotak in a non-executive role on the bank’s board post the end of his tenure, and the resolution for the same received more than 99 per cent e-votes from members
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ICICI Bank Q4FY23 Results: Net Profit Soars 30% YoY To Rs 9,122 Cr
The bank also announced a final dividend of Rs 8 per equity share
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Yes Bank Q4FY23 Results: Net Profit Slumps 45% YoY To Rs 202 Cr
The drop in numbers was on account of increased provisions for bad loans
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RBI Gives HDFC Bank Selective Regulatory Relief Post HDFC Merger
HDFC Bank will need to comply with requirements to hold a certain level of cash reserve ratio, statutory liquidity ratio and liquidity coverage ratio on the entire merged balance sheet right from the beginning, post-merger
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HDFC Bank Receives RBI Approval For Appointments Of Executive Director, DMD
The approval includes, Kaizad Bharucha's appointment as Deputy Managing Director (DMD) and Bhavesh Zaveri as Executive Director
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