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Latest Articles in Banking

About 2.51% Of Rs 2,000 Notes In Circulation Till June End: MoS Finance In Lok Sabha

The total value of Rs 2,000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on 19 May 2023 - when the RBI decided to withdraw the note

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ICICI Banks Q1 Profit Up 40% YoY To Rs 9,648, Beats Estimate

The bank's retail loan portfolio grew by 21.9 per cent year-on-year and 4.5 per cent sequentially

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About 22 Nations Opened Special Bank Accounts In India To Trade In Rupee: Minister

The RBI allowed invoicing and payments for international trade in Indian Rupee on 11 July 2022

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HDFC Life Q1 Net Profit Up 15% To Rs 415 Cr

In comparison to the same quarter last year, the overall premium increased 16 per cent to Rs 11,673 crore

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ICICI Pru Q1 Net Profit Increases 33% To Rs 207 Cr

The Value of New Business stands at Rs 438 crore, accompanied by a VNB margin of 30.0 per cent for Q1-FY2024

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HDFC Bank Q1 Net Up 30% To Rs 11,951 Cr

The bank's net profit also experienced substantial growth, increasing from Rs 9,196 crore in the corresponding quarter last year to Rs 11,951 crore in Q1FY24

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Uday Kotak To Take On Non-Executive Position On Board

In a letter to shareholders, he stated his decision to step down from his whole-time position

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Bandhan Bank's Q1 Net Profit Falls 19% To Rs 721 Cr

The drop in profit exceeded analysts' expectations, who had predicted a decline of around 14 per cent

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HDFC Bank Onboards 1 lakh Customers And 1.7 lakh merchants On CBDC Programme

The bank has also launched a UPI QR code interoperable with India's sovereign digital currency

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Bank Of India Pays Dividend Of Rs.668.17 Cr To Govt

BOI’s net profit jumped by 18.15 per cent, which went up from Rs.3,405 crores in FY22 to Rs.4,023 crores in FY23

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Bandhan Mutual Fund Launches Financial Services Fund, Subscription Opens 10 July

The fund’s portfolio construction would follow the flexi cap approach from a market cap allocation standpoint and will be actively managed

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Global Central Banks To Remain Data Dependent As They Battle Elevated Inflation

According to the CME FedWatch tool, markets are now anticipating an 84 per cent likelihood of a 25 bps rate hike by the Fed in the upcoming July 2023 meeting

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Policymaking Has Become More Data-intensive: RBI Governor At Statistics Day Conference

"The Reserve Bank follows latest global prescriptions and best practices, and pursues standardisation across domains to generate consistent, comparable and harmonised statistics," says RBI Governor

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PhonePe Responds To MP Congress On Alleged Usage Of Brand Logo On Posters

The posters are in the form of QR code sheets used by fintech companies for accepting online payments. 'PhonePe' could be clearly seen written on top of those posters

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IDFC FIRST Bank Raises Rs 1,500 Cr Of Tier-2 Bonds In Domestic Indian Bond Markets

The participation for the issuance came from domestically qualified institutional investors

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